Welcome to our dedicated page for Optex Systems Holdings news (Ticker: OPXS), a resource for investors and traders seeking the latest updates and insights on Optex Systems Holdings stock.
Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, and commercial markets. Its products are installed on a variety of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, and light armored and security vehicles, and have been selected for installation on the Stryker family of vehicles. The company's operating segment includes Optex Richardson and Applied Optics Center Dallas. It generates maximum revenue from the Applied Optics Center Dallas segment. Some of its products include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor and others.
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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.
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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.
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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.
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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
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Optex Systems Holdings, Inc. Awarded $1.1M Contract from U.S. Government Prime Contractor
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Optex Systems Holdings, Inc. awarded $2.12M contract from U.S. Government for M22 Binoculars.
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Optex Systems awarded $1.25M delivery order for Laser Interference Filter and Sacrificial Window assemblies, increasing backlog to $43.7M.
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Optex Systems Holdings, Inc. (NASDAQ:OPXS) reported financial results for the three and nine months ended July 2, 2023. Total revenues increased by $1.0 million (16.2%) for the three months and $1.9 million (12.4%) for the nine months compared to the prior year period. Consolidated gross profit increased by $0.4 million (35.0%) for the three months and $1.2 million (41.9%) for the nine months. Operating income increased by $0.2 million (47.5%) for the three months and $0.8 million (225.1%) for the nine months. The company had a working capital of $12.2 million as of July 2, 2023, and backlog increased by 38.7% to $41.6 million.
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Optex Systems Holdings, Inc. has been awarded a $3 million delivery order for Laser Interference Filter (LIF) assemblies. The order will contribute to the company's backlog, which is now over $40.5 million.
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FAQ
What is the current stock price of Optex Systems Holdings (OPXS)?
The current stock price of Optex Systems Holdings (OPXS) is $8.61 as of November 22, 2024.
What is the market cap of Optex Systems Holdings (OPXS)?
The market cap of Optex Systems Holdings (OPXS) is approximately 58.4M.
What does Optex Systems Holdings Inc manufacture?
Optex Systems Holdings Inc manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.
What type of vehicles are Optex Systems Holdings Inc's products installed on?
Optex Systems Holdings Inc's products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles.
Who are some of Optex Systems Holdings Inc's customers?
Optex Systems Holdings Inc delivers its products to both the military services and prime contractors.
What are some of the products offered by Optex Systems Holdings Inc?
Some of the products offered by Optex Systems Holdings Inc include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor.
Optex Systems Holdings, INC
Nasdaq:OPXS
OPXS Rankings
OPXS Stock Data
58.35M
5.10M
25.82%
33.17%
0.14%
Aerospace & Defense
Optical Instruments & Lenses
United States of America
RICHARDSON