Every 10-Q that Optex Systems Holdings, INC (OPXS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow OPXS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPXS filings page.
Optex Systems Holdings, Inc. reported lower revenue but stronger margins for the three and nine months ended June 28, 2026. Quarterly revenue was $9.7 million, down from $11.1 million, while net income was $1.3 million versus $1.5 million. Gross margin improved to 34.2%, reflecting favorable mix and completion of loss and low‑margin contracts.
For the nine‑month period, revenue was $28.5 million compared to $30.0 million, with net income of $2.9 million versus $4.1 million, as general and administrative expenses rose due to higher labor, stock compensation, royalties, and compliance and IT investments. Operating cash flow declined to $1.0 million from $5.4 million, while cash and cash equivalents remained solid at $6.2 million and the $3.0 million Texas Capital Bank revolver was undrawn. The company reduced warranty reserves from $162 thousand to $25 thousand and contract loss reserves from $132 thousand to $29 thousand, and remains in covenant compliance. A $10 million stock repurchase program was authorized with no repurchases to date, and a subsequent $246,783 interim equipment loan was entered into toward a planned $2.1 million coating system.
Optex Systems Holdings reported softer results for the quarter ended March 29, 2026. Revenue fell to $9.6M from $10.7M, mainly from weaker sales at the Applied Optics Center, while segment revenue at Optex Richardson held up better over the six‑month period.
Despite lower sales, gross margin improved to 35.2% from 31.3%, helped by the completion of loss‑making contracts, favorable warranty reserve adjustments, and lower contract loss reserves. However, higher general and administrative expenses, including increased labor, stock‑based compensation, and professional fees, reduced operating income.
Six‑month revenue was stable at $18.8M, but net income declined to $1.6M from $2.6M as overhead rose. Operating cash flow turned negative $(1.3M) compared with strong cash generation a year earlier, while cash on hand decreased to $4.2M. The company had no debt drawn on its $3M revolving credit facility and authorized a new $10M share repurchase program, though no shares have been repurchased yet.
Optex Systems Holdings’ quarterly revenue grew but profits fell sharply. For the three months ended December 28, 2025, revenue rose 11.6% to $9.1 million, driven by stronger periscope and sighting-system sales at the Optex Richardson segment, while Applied Optics Center revenue declined.
Gross margin slipped from 26.0% to 22.9% as higher material costs and loss-making contracts, particularly at Applied Optics Center, pressured profitability. Net income dropped to $0.2 million from $0.8 million, and operating cash flow turned slightly negative. Even so, Optex ended the quarter with $5.8 million in cash, no debt, and a backlog of $37.9 million.
Subsequently, the company reported a new $2.2 million laser filter order and authorized a new stock repurchase program of up to $10 million, signaling continued investment in its defense optics franchise and capital return to shareholders.
Optex Systems Holdings, Inc. reported consolidated revenue of $11.110 million for the three months ended June 29, 2025 (up from $9.060 million) and $30.038 million for the nine months ended June 29, 2025 (up from $24.552 million). Net income was $1.510 million for the quarter and $4.122 million for the nine months, compared with $1.261 million and $2.754 million in the prior-year periods. Cash and cash equivalents increased to $4.871 million from $1.009 million, and shares outstanding were approximately 6.9 million.
The company attributes higher revenue to increased periscope production and stronger demand across segments, with periscope production up materially year-over-year. Backlog was $38.3 million as of June 29, 2025, down from $45.6 million a year earlier. Contract loss reserves increased to $423 thousand reflecting higher rework and labor inefficiencies. The Company renewed a $3.0 million revolving credit facility (interest currently 7.10%) with no outstanding balance at June 29, 2025.