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. (OPXS) delivers precision optical solutions for critical defense applications, serving the U.S. military and prime contractors through advanced manufacturing and engineering. This dedicated news hub provides investors and industry professionals with essential updates on company developments, financial milestones, and defense sector innovations.
Access authoritative information about OPXS's government contracts, product advancements in optical sighting systems, and strategic initiatives. Our curated collection includes earnings announcements, major contract awards for vehicle platforms like Abrams and Stryker, and technological breakthroughs in night vision and laser-protected assemblies.
Key updates cover manufacturing quality certifications, backlog status for defense programs, and operational developments from the Richardson production facility. Stay informed about OPXS's role in enhancing military vehicle safety through cutting-edge periscope systems and surveillance technologies.
Bookmark this page for streamlined access to verified Optex Systems announcements. Check regularly for updates on defense industry partnerships, optical engineering advancements, and financial performance metrics essential for informed analysis.
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.
Optex Systems Holdings (Nasdaq: OPXS) has secured a three-year Indefinite Delivery Indefinite Quantity (IDIQ) contract from DLA Land and Marine for Optically Improved Periscopes, valued at up to $6.5 million with two additional option years. The contract involves the supply of laser-protected periscopes for domestic armored vehicle manufacturers, providing real-time situational awareness while protecting against harmful laser strikes. The company's current backlog now exceeds $42 million.
Optex Systems Holdings (Nasdaq:OPXS) has secured a new $2.0 million contract for Laser Filter Units and Window Assemblies for Night Vision devices used by the U.S. Armed Forces. The deliveries are scheduled from March 2025 through February 2026. The company's Applied Optics Center (AOC) has enhanced its infrastructure to meet growing demand for specialized laser filters and coated optics. Following this new order, Optex's current backlog exceeds $42 million.
FRMO Corp has expanded its Board of Directors to nine members with the appointment of R. Rimmy Malhotra. The board now consists of nine directors, including five independent members. Malhotra, who serves as Managing Member and Portfolio Manager for Nicoya Fund LP, brings extensive experience in investment management. He previously managed the Gratio Values Fund and currently serves on the boards of HireQuest Inc and Optex System. The appointment comes as FRMO focuses on expanding and integrating several strategic investments approaching critical mass.
Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems, has announced $2.1 million in new contracts from two domestic customers for laser protected periscopes. These periscopes will support ongoing armored vehicle production, providing real-time situational awareness while protecting against harmful laser strikes.
The deliveries are expected to occur over the next 18 months. CEO Danny Schoening emphasized Optex's continued support for domestic armored vehicle manufacturers. With this new order, Optex's current backlog now exceeds $45 million.
Optex Systems Holdings, Inc. (Nasdaq:OPXS) reported strong financial results for Q3 2024. Revenue increased by 26.3% to $9.06 million for the quarter and 39.6% to $24.55 million for the nine months ended June 30, 2024. Gross profit surged 68.3% to $2.88 million for Q3 and 78.8% to $7.12 million for the nine-month period. The company's backlog grew 9.1% to $45.6 million compared to October 1, 2023. Net income more than doubled to $1.26 million for Q3 and tripled to $2.75 million for the nine-month period. The improved performance was attributed to increased deliveries, easing supply chain constraints, and improved operational efficiency.
