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OPTX

Syntec Optics Holdings, Inc.

OPTX

Syntec Optics Holdings, Inc. • NASDAQ
$1.75 ▲ 2.03% (+0.04)
Market Cap $64.68 M
52w High $5.10
52w Low $0.87
Dividend Yield 0%
P/E -21.94
Volume 37.63K
Outstanding Shares 36.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.95M ▲ $2.073M ▲ $-1.429M ▼ -20.562% ▼ $-0.04 ▼ $-568.202K ▼
Q2-2025 $6.559M ▼ $1.744M ▼ $-343.921K ▼ -5.243% ▼ $-0.01 ▼ $530.373K ▼
Q1-2025 $7.069M ▼ $1.78M ▼ $323.665K ▲ 4.579% ▲ $0.009 ▲ $1.239M ▲
Q4-2024 $7.322M ▼ $2.421M ▲ $-1.539M ▼ -21.021% ▼ $-0.044 ▼ $-791.364K ▼
Q3-2024 $7.866M $1.727M $-13.289K -0.169% $-0 $843.633K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $577.924K ▲ $24.576M ▼ $14.766M ▲ $9.81M ▼
Q2-2025 $287.085K ▼ $25.295M ▼ $14.281M ▼ $11.014M ▼
Q1-2025 $540.904K ▼ $26.296M ▼ $14.939M ▼ $11.358M ▲
Q4-2024 $598.787K ▲ $27.956M ▲ $16.922M ▲ $11.034M ▼
Q3-2024 $476.784K $27.312M $15.189M $12.123M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.429M ▼ $535.288K ▲ $-39.036K ▲ $-205.413K ▼ $290.839K ▲ $496.25K ▲
Q2-2025 $-343.921K ▼ $-158.049K ▼ $-390.041K ▼ $294.271K ▲ $-253.819K ▼ $-548.09K ▼
Q1-2025 $323.665K ▲ $299.29K ▼ $-214.731K ▲ $-142.442K ▼ $-57.883K ▼ $84.56K ▲
Q4-2024 $-1.539M ▼ $623.768K ▲ $-611.637K ▼ $109.872K ▲ $122.003K ▲ $12.13K ▼
Q3-2024 $-13.289K $417.285K $-373.462K $-397.518K $-353.695K $43.82K

Five-Year Company Overview

Income Statement

Income Statement Syntec Optics looks like a very small, early-stage industrial technology business with a fairly steady but still modest revenue base. The top line appears flat over the past few years rather than clearly growing, which suggests the company is still in the build-out and qualification phase for many of its programs. Profitability hovers around break-even with swings from small profits to small losses, reflecting a mix of project timing, up‑front costs to win and ramp new programs, and the fixed costs of running a specialized manufacturing operation. Overall, the income statement reads more like a company investing for future scale than one already operating at mature, stable margins.

Balance Sheet

Balance Sheet The balance sheet is compact and geared toward a niche manufacturer. Total assets and equity have come down meaningfully from a few years ago, while debt has crept up from essentially none to a modest level. That combination points to a thinner financial cushion and more reliance on borrowing or future capital raises. Reported cash is minimal in the summary data, which may reflect either missing detail or a very tight liquidity position. In simple terms, Syntec appears to have enough resources to operate today, but not a lot of room for major missteps without fresh capital or a clear move into sustained profitability.

Cash Flow

Cash Flow The cash flow data provided are very limited, which makes it hard to judge the true health of the business. With earnings near or below break-even recently, it is reasonable to assume cash generation from operations is weak or negative, especially if working capital swings with contract timing. Capital spending is likely necessary to maintain and expand specialized production capabilities, even if the summary table doesn’t show it clearly. The main takeaway is that cash flow is a key uncertainty: until the company can show consistent positive operating cash flow and fund growth from its own activities, it will remain sensitive to financing conditions and contract timing.

Competitive Edge

Competitive Edge Competitively, Syntec sits in an attractive but demanding niche. It is positioned as one of the leading independent makers of custom polymer and hybrid optics in the U.S., with deep experience in defense, aerospace, medical, and advanced communication systems. Several elements strengthen its moat: proprietary manufacturing processes, vertical integration from design through coated, assembled parts, and long qualification cycles with defense and medical customers that are hard for new entrants to displace. Its U.S. manufacturing footprint is also a strategic plus in an environment that favors domestic supply for sensitive applications. On the risk side, the company is still small relative to global optics players, likely has customer concentration, and depends heavily on continued funding in defense and other specialized markets. Its advantage will depend on staying ahead in process capability, quality, and on-time delivery as volumes scale.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot. Syntec has built a focused technology stack around polymer and hybrid optics, highlighted by proprietary turning processes like HRDT that can shorten development cycles and reduce costs for customers. It is pushing into several high-growth, optics-heavy areas: lightweight night-vision systems, laser communication optics for low‑orbit satellites, advanced AR/VR “direct‑to‑eye” displays, biomedical imaging components, and even optics for emerging fusion energy concepts. This breadth of applications spreads opportunity but also execution risk, as many of these markets are still evolving and commercialization timing is uncertain. The company’s R&D and engineering work appear tightly tied to customer programs, which is a positive sign that innovation is demand-driven rather than purely experimental.

Summary

Overall, Syntec Optics combines a technically compelling story with a still-fragile financial profile. On one hand, it has carved out a differentiated position in custom polymer optics, is embedded in long-cycle, high-specification markets like defense, satellites, and medical devices, and is investing in technologies that could benefit from powerful trends in imaging, connectivity, and augmented reality. On the other hand, it remains small, not yet consistently profitable, and appears to have a limited balance sheet buffer, which makes execution and contract wins especially important. The key things to watch going forward are evidence of sustained revenue growth from its newer platforms, improvement in margins as production scales, clearer visibility into cash generation, and continued success turning its innovation pipeline into recurring, diversified customer programs.

NEWS

November 14, 2025 · 4:40 PM UTC

Syntec Optics (Nasdaq: OPTX) to Host Conference Call to Discuss Financial Results and Business Update

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November 13, 2025 · 9:16 PM UTC

Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Third Quarter 2025 Financial Results

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October 20, 2025 · 8:15 AM UTC

Syntec Optics (Nasdaq: OPTX), Achieves New Milestone, Makes 17,000th Space Optics

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October 6, 2025 · 6:34 AM UTC

Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Full Year 2024 and First Half 2025 Financial Results

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September 12, 2025 · 4:15 PM UTC

Syntec Optics (Nasdaq: OPTX) to Host Conference Call to Discuss Financial Results and Business Update

Read more