Welcome to our dedicated page for Optex Systems news (Ticker: OPXS), a resource for investors and traders seeking the latest updates and insights on Optex Systems stock.
Optex Systems Holdings, Inc. (NASDAQ: OPXS) is a Richardson, Texas based manufacturer of precision optical sighting systems and assemblies serving domestic and worldwide military and commercial applications. This news page aggregates company announcements, earnings releases, contract awards, and other updates related to OPXS, reflecting its role in the optical instrument and lens manufacturing sector and its focus on Department of Defense applications.
In its news releases, Optex highlights financial results prepared in accordance with GAAP, along with non-GAAP measures such as Adjusted EBITDA, and discusses trends in revenue, gross profit, operating income, net income, working capital, and backlog. Investors can follow announcements of quarterly and annual financial highlights, as well as notices of upcoming earnings calls and investor conference presentations disclosed through press releases and 8-K filings.
Optex’s news flow also features defense-related contract awards and orders, including firm fixed price purchase orders for laser protected periscopes, requirement-type contracts for Abrams-based optical sighting systems, and orders for optical sub-assemblies from long-term commercial customers. These updates provide insight into the company’s backlog, program wins, and demand across its Optex Systems Richardson and Applied Optics Center segments.
Personnel and governance updates are another recurring theme, with announcements covering leadership changes such as the appointment of a new President and Chief Executive Officer, the creation of a Chief Executive Officer role in its bylaws, and the addition of specialized roles like the Director of Optical Coating Technology. By reviewing OPXS news, readers can track developments in executive leadership, optical coating capabilities, and the company’s participation in investor conferences.
For investors and observers of the defense optics space, this page offers a centralized view of OPXS news, from earnings and SEC-related disclosures to contract awards and operational milestones in optical sighting systems and assemblies.
Optex Systems (Nasdaq:OPXS) has secured an up to $10.2 million five-year contract from the Army Contracting Command - Detroit Arsenal for Abrams-based optical sighting systems. The first-year order is expected to exceed $4.3 million, with deliveries starting in fiscal year 2026.
The company's optical sighting systems are specifically engineered for maximum durability and reliability under extreme combat conditions. The contract highlights Optex's expertise in delivering sophisticated optical solutions for military applications. Currently, Optex Systems maintains a strong backlog exceeding $39.2 million.
Optex Systems Holdings (Nasdaq:OPXS), a manufacturer of precision optical sighting systems for military and commercial applications, has announced the promotion of Hugh Bond to General Manager of its Optex Division. Bond brings 17 years of experience with the company and has shown consistent growth in various roles.
CEO Danny Schoening expressed confidence in Bond's leadership abilities and his contribution to the company's success. Bond stated his commitment to leading the team and executing new programs and initiatives in his new role.
Optex Systems (NASDAQ:OPXS) has secured a $2.8 million purchase order from a major U.S. prime contractor for the XM30 Combat Vehicle project. The contract involves delivering 13 optical sighting systems with deliveries scheduled for fiscal 2026.
The company will leverage its core competencies to develop complex optical designs within limited space constraints, combining existing optical building blocks with emerging technology. The project aims to provide durable, optically superior, and reliable sighting systems for harsh combat environments.
Following this award, Optex's current backlog stands at over $41.4 million.
Optex Systems Holdings (Nasdaq: OPXS), a manufacturer of precision optical sighting systems for military and commercial applications, has scheduled its second quarter fiscal 2025 earnings report and conference call for May 13th, 2025. The investor conference call will take place at 5:00 pm ET. Investors can participate by dialing (855) 459-0168 or (973) 413-6114 using Conference Code 367887. Financial information and non-GAAP measures will be available in the earnings release on the company's investor relations website.
Optex Systems Holdings (Nasdaq:OPXS) has secured a new $5.7 million contract for laser filter units for the XM157 Next Generation Fire Control Scope. The deliveries are scheduled between August 2025 through December 2026.
The contract, awarded to their Applied Optics Center division, focuses on providing eye protection equipment for military personnel using the XM157 program. Following this new order, Optex's current backlog has reached over $46 million.
Optex Systems Holdings (NASDAQ: OPXS) has announced its participation in the 15th Annual LD Micro Invitational, scheduled for April 9th and 10th, 2025, at the Westin Grand Central in New York. The company's presentation is set for April 10, 2025, at 01:30 ET.
CEO Danny Schoening expressed enthusiasm about attending the event, highlighting it as an opportunity to connect with investors, showcase progress, and discuss the company's future growth prospects.
Optex Systems Holdings (Nasdaq:OPXS) has secured a $4.2 million firm fixed price purchase order from BAE Systems for laser protected periscopes and optical sighting systems. The order supports the Bradley A4 Follow-On Production award and will be delivered over the next 28 months.
The systems are designed specifically for the Bradley Fighting Vehicle used by the U.S. Military, featuring enhanced durability, superior optical clarity, and exceptional reliability in combat environments. The company's current backlog exceeds $42.5 million.
Optex Systems Holdings (NASDAQ:OPXS) reported strong financial results for Q1 FY2025. The company achieved a 17.6% year-over-year revenue increase to $8.2 million and a 65.6% increase in operating income to $916,000. Net income nearly doubled to $844,000 compared to $431,000 in the prior year period.
The company's backlog stood at $42.0 million as of December 29, 2024, down 6.7% from the previous year. Management expects revenue to exceed $38 million for fiscal 2025, maintaining their track record of over 20% compound annual revenue growth over the last four years.
Financial position remains strong with working capital of $15.9 million, $2.5 million in cash, and zero credit facility balance after paying down $1.0 million during the quarter. The increase in revenue was primarily driven by higher demand for periscopes, laser filters, and day windows.
Optex Systems Holdings (NASDAQ:OPXS) reported strong financial results for fiscal year 2024. Revenue increased by 32.5% to $34.0 million, driven by higher military product demand. The company's backlog grew to $44.2 million, up 5.7% from the previous year. Gross profit increased by 44% to $9.5 million, with margins improving to 28.0%. Operating income saw a significant rise of 73% to $4.8 million, while net income grew 66.5% to $3.8 million. The company booked $36.4 million in new orders, representing a 5.2% increase from the prior year. Working capital strengthened to $15.1 million, and the company successfully paid down its credit facility to zero in Q1 2025.
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