Syntec Optics Holdings, Inc. (OPTX) 10-Year Financial Performance & Capital Metrics

OPTX • • Industrial / General

TechnologyTech Hardware & EquipmentOptical & Photonics SystemsOptical Components

AboutSyntec Optics Holdings, Inc. manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials. The company also provides clean room assembly, such as opto mechanical, opto electronic, and integrated photonics; infrared optics, microlens arrays, software development, and optical metrology, and catalog optics services. In addition, it offers driverless cars, integrated photonics, robotics, sensors, VR and AR, machine vision, facial imagining, heads up display, finger print scanners, and laser scanners technology for consumers; night vision goggles, missile laser guides, biometrics, infrared and thermal imaging, ordnance optics, head mounted displays, 2D and 3D scanners, humvee lighting , laser targeting, protective domes and windows, and lidar technologies for defense and miliary; and medical diagnostic, microfluidics, surgical components and systems, and medical sensing technology for medical sectors. The company was founded in 1981 and is based in Rochester, New York.Show more

Revenue $28M -3.4%
EBITDA $189K -95.6%
Net Income -$2M -225.5%
EPS (Diluted) -0.07 -210.6%
Gross Margin 20.04% -25.5%
EBITDA Margin 0.67% -95.5%
Operating Margin -9.06% -273.0%
Net Margin -8.72% -229.8%
ROE -20.58% -217.3%
ROIC -9.27% -255.5%
Debt/Equity 1.03 +51.4%
Interest Coverage -3.37 -243.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 13.4% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 13.2x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y2.25%

TTM-5.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-4993.02%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1571.43%

ROCE

10Y Avg-1.15%

5Y Avg-1.15%

3Y Avg-1.86%

Latest-15.04%

Peer Comparison

Optical Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LPTHLightPath Technologies, Inc.	701.7M	13.17	-36.58	17.26%	-19.26%	-52.2%		0.97
OPTXSyntec Optics Holdings, Inc.	146.94M	3.98	-58.88	-3.37%	-10.71%	-30.46%		1.03

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	26.62M	27.84M	29.44M	28.45M
Revenue Growth %	-	0.05%	0.06%	-0.03%
Cost of Goods Sold+	20.03M	21.71M	21.52M	22.75M
COGS % of Revenue	0.75%	0.78%	0.73%	0.8%
Gross Profit+	6.59M	6.13M	7.92M	5.7M
Gross Margin %	0.25%	0.22%	0.27%	0.2%
Gross Profit Growth %	-	-0.07%	0.29%	-0.28%
Operating Expenses+	5.16M	6.65M	6.38M	8.28M
OpEx % of Revenue	0.19%	0.24%	0.22%	0.29%
Selling, General & Admin	5.16M	6.65M	6.38M	8.28M
SG&A % of Revenue	0.19%	0.24%	0.22%	0.29%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	0	0	0	0
Operating Income+	1.43M	-528.23K	1.54M	-2.58M
Operating Margin %	0.05%	-0.02%	0.05%	-0.09%
Operating Income Growth %	-	-1.37%	3.92%	-2.67%
EBITDA+	4.64M	2.61M	4.31M	189.32K
EBITDA Margin %	0.17%	0.09%	0.15%	0.01%
EBITDA Growth %	-	-0.44%	0.65%	-0.96%
D&A (Non-Cash Add-back)	3.21M	3.14M	2.77M	2.77M
EBIT	1.43M	-528.23K	1.54M	-2.58M
Net Interest Income+	-194.83K	-335.97K	-654.76K	-764.93K
Interest Income	0	0	0	0
Interest Expense	194.83K	335.97K	654.76K	764.93K
Other Income/Expense	1.95M	-61.16K	-283.85K	-418.1K
Pretax Income+	3.38M	-589.4K	1.26M	-2.99M
Pretax Margin %	0.13%	-0.02%	0.04%	-0.11%
Income Tax+	125K	-154.83K	-719.17K	-514.83K
Effective Tax Rate %	0.96%	0.74%	1.57%	0.83%
Net Income+	3.25M	-434.57K	1.98M	-2.48M
Net Margin %	0.12%	-0.02%	0.07%	-0.09%
Net Income Growth %	-	-1.13%	5.55%	-2.25%
Net Income (Continuing)	3.25M	-434.57K	1.98M	-2.48M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	0.17	-0.01	0.06	-0.07
EPS Growth %	-	-1.08%	5.43%	-2.11%
EPS (Basic)	0.17	-0.01	0.06	-0.07
Diluted Shares Outstanding	19.17M	31.6M	32.37M	36.69M
Basic Shares Outstanding	19.17M	31.6M	32.37M	35.42M
Dividend Payout Ratio	-	-	0.03%	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	666.51K	10.77M	15.15M	13.9M
Cash & Short-Term Investments	494.6K	526.18K	2.16M	598.79K
Cash Only	494.6K	526.18K	2.16M	598.79K
Short-Term Investments	0	0	0	0
Accounts Receivable	0	5.93M	6.8M	5.75M
Days Sales Outstanding	-	77.69	84.3	73.76
Inventory	0	3.63M	5.83M	6.95M
Days Inventory Outstanding	-	60.96	98.95	111.57
Other Current Assets	0	554.96K	359.44K	596.59K
Total Non-Current Assets+	146.76M	12.26M	13.12M	14.06M
Property, Plant & Equipment	0	11.69M	11.1M	11.67M
Fixed Asset Turnover	-	2.38x	2.65x	2.44x
Goodwill	0	0	0	0
Intangible Assets	0	0	295K	0
Long-Term Investments	146.63M	0	0	0
Other Non-Current Assets	135.04K	0	0	0
Total Assets+	147.43M	23.03M	28.27M	27.96M
Asset Turnover	0.18x	1.21x	1.04x	1.02x
Asset Growth %	-	-0.84%	0.23%	-0.01%
Total Current Liabilities+	204.09K	9.45M	11.38M	10.57M
Accounts Payable	0	412.06K	3.04M	2.71M
Days Payables Outstanding	-	6.93	51.6	43.43
Short-Term Debt	0	8.04M	6.9M	7.02M
Deferred Revenue (Current)	0	348.1K	0	36.51K
Other Current Liabilities	204.09K	539.97K	1.07M	814.6K
Current Ratio	3.27x	1.14x	1.33x	1.31x
Quick Ratio	3.27x	0.76x	0.82x	0.66x
Cash Conversion Cycle	-	131.72	131.66	141.9
Total Non-Current Liabilities+	5.03M	4.12M	3.82M	6.35M
Long-Term Debt	0	1.91M	2.02M	2.61M
Capital Lease Obligations	0	49.85K	0	1.78M
Deferred Tax Liabilities	0	1.85M	1.8M	1.95M
Other Non-Current Liabilities	5.03M	11.77K	0	0
Total Liabilities	5.24M	13.57M	15.21M	16.92M
Total Debt+	0	10M	8.93M	11.41M
Net Debt	-494.6K	9.48M	6.77M	10.82M
Debt / Equity	-	1.06x	0.68x	1.03x
Debt / EBITDA	-	3.83x	2.07x	60.29x
Net Debt / EBITDA	-0.11x	3.63x	1.57x	57.13x
Interest Coverage	7.33x	-1.57x	2.35x	-3.37x
Total Equity+	142.19M	9.46M	13.06M	11.03M
Equity Growth %	-	-0.93%	0.38%	-0.16%
Book Value per Share	7.42	0.30	0.40	0.30
Total Shareholders' Equity	142.19M	9.46M	13.06M	11.03M
Common Stock	146.63M	3.16K	3.67K	3.67K
Retained Earnings	-4.43M	9.22M	11.13M	8.65M
Treasury Stock	0	0	0	0
Accumulated OCI	0	0	0	0
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-274.02K	1.93M	2.79M	-942.83K
Operating CF Margin %	-0.01%	0.07%	0.09%	-0.03%
Operating CF Growth %	-	8.04%	0.45%	-1.34%
Net Income	-169.49K	-434.57K	1.98M	-2.48M
Depreciation & Amortization	0	3.14M	2.77M	2.77M
Stock-Based Compensation	0	0	0	0
Deferred Taxes	0	-507.91K	-1.2M	-514.83K
Other Non-Cash Items	-1.68K	-321.03K	-188.17K	220.29K
Working Capital Changes	-102.85K	51.63K	-565.82K	-934.63K
Change in Receivables	0	-656.52K	-848.52K	1.18M
Change in Inventory	0	1.27M	-2.33M	-1.31M
Change in Payables	0	-597.71K	2.49M	-231.16K
Cash from Investing+	-146.63M	-685.43K	-1.92M	-930.87K
Capital Expenditures	0	-1.24M	-1.92M	-1.24M
CapEx % of Revenue	0%	0.04%	0.07%	0.04%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	40.84K	0	0
Cash from Financing+	147.39M	-3.02M	761.02K	314.24K
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	-280.77K	-62.06K	0
Share Repurchases	-	-	-	-
Other Financing	-300K	0	1.85M	0
Net Change in Cash	-	-	-	-
Free Cash Flow+	-274.02K	687.08K	871.04K	-2.18M
FCF Margin %	-0.01%	0.02%	0.03%	-0.08%
FCF Growth %	-	3.51%	0.27%	-3.51%
FCF per Share	-0.01	0.02	0.03	-0.06
FCF Conversion (FCF/Net Income)	-0.08x	-4.44x	1.41x	0.38x
Interest Paid	0	319.06K	652.78K	0
Taxes Paid	0	159.97K	283.56K	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	2.29%	-0.57%	17.55%	-20.58%
Return on Invested Capital (ROIC)	0.76%	-0.49%	5.96%	-9.27%
Gross Margin	24.76%	22.01%	26.9%	20.04%
Net Margin	12.22%	-1.56%	6.71%	-8.72%
Debt / Equity	-	1.06x	0.68x	1.03x
Interest Coverage	7.33x	-1.57x	2.35x	-3.37x
FCF Conversion	-0.08x	-4.44x	1.41x	0.38x
Revenue Growth	-	4.59%	5.75%	-3.37%

Frequently Asked Questions

Growth & Financials

Syntec Optics Holdings, Inc. (OPTX) reported $27.9M in revenue for fiscal year 2024. This represents a 5% increase from $26.6M in 2021.

Syntec Optics Holdings, Inc. (OPTX) saw revenue decline by 3.4% over the past year.

Syntec Optics Holdings, Inc. (OPTX) reported a net loss of $3.0M for fiscal year 2024.

Dividend & Returns

Syntec Optics Holdings, Inc. (OPTX) has a return on equity (ROE) of -20.6%. Negative ROE indicates the company is unprofitable.

Syntec Optics Holdings, Inc. (OPTX) generated $0.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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