Optex Systems Holdings, INC - OPXS STOCK NEWS

Optex Systems Holdings, Inc. (OPXS) reports strong financial results for the three months ended December 31, 2023, with significant revenue and gross profit increases. The company's operating income improved, and it maintained a healthy working capital. Despite a decrease in new orders, the backlog increased, indicating future growth potential. The acquisition of intellectual property and agreements with RUB Aluminium s.r.o. further enhance the company's capabilities.

Optex Systems Holdings, Inc. (Nasdaq:OPXS) has been awarded a new five year Indefinite Delivery Indefinite Quantity (IDIQ) contract from the United States Defense Logistics Agency Land and Maritime for Sighting Systems, with a maximum value of $2.8 Million. The Laser Protected Periscopes and Vision Blocks are critical in mission capability for armored vehicles fielded by the U.S. Military. CEO Danny Schoening stated that Optex continues to be the supplier of choice in supporting the overall supply chain for domestic armored vehicle manufacturing, with the current Optex backlog in excess of $45 million.

Optex Systems Holdings, Inc. (Nasdaq:OPXS) has acquired Speedtracker from RUB Aluminum and established a Contract Manufacturing Agreement for the continued production of the Speedtracker Mach 4+ product line. The cutting-edge chronograph designed to measure projectile velocity aligns with market demands and has the potential for global growth. The company used cash on hand for the acquisition and plans to enhance the distribution and growth of the Speedtracker line.

Optex Systems Holdings, Inc. (Nasdaq:OPXS) announced financial results for the twelve months ended October 1, 2023, showing a 14.6% increase in total revenues, a 17.8% increase in gross profit, and a 69.2% increase in operating income. The company saw an increase in orders, backlog, and net income, with a 23.6% increase in new orders and a 27.1% increase in backlog. Optex also reported a $3.3 million increase in revenue, a $1.7 million increase in operating income, and a $1.0 million increase in net income compared to the prior year period. The company had working capital of $13.5 million and a credit facility of $3.0 million, with a $1.2 million cash balance and an outstanding payable balance of $1.0 million. The company's Adjusted EBITDA increased by 59.7% to $3.4 million, and Optex anticipates an overall increase in fiscal year 2024 revenue and operating cash flow compared to 2023 levels.

Optex Systems Holdings, Inc. (NASDAQ:OPXS) has been awarded a new $2.9 million contract from a U.S. Government Prime Contractor for Sighting Systems, crucial for protecting armored vehicles fielded by the U.S. Military. CEO Danny Schoening highlighted the company's continued support for the domestic armored vehicle manufacturing supply chain. This order contributes to Optex's backlog, which now exceeds $45.6 million.

Optex Systems Holdings, Inc. (NASDAQ:OPXS) Awarded $1.3M Contract for Visible Sighting System from U.S. Government Prime Contractor, Boosting Backlog to $42.5M

Optex Systems Holdings, Inc. Awarded $1.1M Contract from U.S. Government Prime Contractor

Optex Systems Holdings, Inc. awarded $2.12M contract from U.S. Government for M22 Binoculars.

Optex Systems awarded $1.25M delivery order for Laser Interference Filter and Sacrificial Window assemblies, increasing backlog to $43.7M.