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.
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Optex Systems Holdings announced the uplisting of its stock to the Nasdaq Capital Market, effective March 15, 2023. This approval allows the company's shares, ticker symbol OPXS, to move from OTCQB to Nasdaq without implementing a reverse split, a measure approved earlier by shareholders. CEO Danny Schoening expressed optimism about increased visibility and liquidity as a result of this change. Founded in 1987, Optex manufactures optical systems for the Department of Defense, serving U.S. military applications.
Optex Systems Holdings, Inc. (OTCQB:OPXS) reported a revenue decline of 6.9% for the three months ended January 1, 2023, totaling $4.04 million compared to $4.34 million in the same period last year. The gross profit also decreased by 12.9%, attributed to material shortages and labor issues. Operating income fell to a loss of $282,000, down from a profit of $15,000 previously. However, the company recorded new orders of $11.2 million, up 220% year-over-year, leading to a backlog increase of 51.3% to $40.1 million. The CEO anticipates improved sales performance in Q2-Q4 2023 despite ongoing supply chain challenges.
Optex Systems Holdings, Inc. (OTCQB:OPXS) reported a strong financial performance for the year ending October 2, 2022, with revenues rising by 22.8% to $22.4 million. The Applied Optics Center segment drove this growth, leading to a 94.3% increase in gross margin to $4.9 million. Operating income improved to $1.6 million, reversing last year's loss. However, supply chain challenges are anticipated to impact first-quarter 2023 revenues, projected to be 8-9% lower than the previous year. The company remains optimistic about continued growth in 2023.
Optex Systems Holdings (OTCQB:OPXS) received the BAE Systems Partner2Win Gold Supplier of the Year Award on November 1, 2022. This award recognizes Optex's exceptional performance and contributions to the supply chain for BAE's combat and amphibious vehicle programs. BAE Systems' Partner2Win program aims to promote operational excellence among suppliers, enhancing quality standards. Optex manufactures precision optical sighting systems primarily for military applications, contributing to various U.S. military vehicles and systems.
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