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Optex Systems - OPXS STOCK NEWS

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.

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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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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.

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Optex Systems

Nasdaq:OPXS

OPXS Rankings

OPXS Stock Data

39.38M
5.15M
25.3%
34.5%
0.05%
Aerospace & Defense
Optical Instruments & Lenses
Link
United States
RICHARDSON