Revenue growth remains erratic with a 7.9% year-over-year decline in 2026Q1, while operating margins have deteriorated to -11.9% due to high fixed-cost burdens.
| Sales/Revenue | 27.53M | 28.08M | 28.45M | 29.44M | 27.84M | 26.62M |
| Revenue Growth % | -5.93% | -1.29% | -3.37% | 5.75% | 4.59% | - |
| Cost of Goods Sold | 22.35M | 21.55M | 22.75M | 21.52M | 21.71M | 20.03M |
| COGS % of Revenue | - | 76.75% | 79.96% | 73.1% | 77.99% | 75.24% |
| Gross Profit | 5.18M | 6.53M | 5.7M | 7.92M | 6.13M | 6.59M |
| Gross Margin % | 18.82% | 23.25% | 20.04% | 26.9% | 22.01% | 24.76% |
| Gross Profit Growth % | - | 14.51% | -28.01% | 29.3% | -7.05% | - |
| Operating Expenses | 7M | 7.05M | 8.28M | 6.38M | 6.65M | 5.16M |
| OpEx % of Revenue | - | 25.09% | 29.1% | 21.67% | 23.9% | 19.4% |
| Selling, General & Admin | 7M | 7.05M | 8.28M | 6.38M | 6.65M | 5.16M |
| SG&A % of Revenue | - | 25.09% | 29.1% | 21.67% | 23.9% | 19.4% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.82M | -517.6K | -2.58M | 1.54M | -528.23K | 1.43M |
| Operating Margin % | -6.62% | -1.84% | -9.06% | 5.23% | -1.9% | 5.36% |
| Operating Income Growth % | - | 79.91% | -267.18% | 391.75% | -137% | - |
| EBITDA | 620.01K | 2.1M | 189.32K | 4.31M | 2.61M | 4.64M |
| EBITDA Margin % | 2.25% | 7.46% | 0.67% | 14.64% | 9.38% | 17.42% |
| EBITDA Growth % | -71.03% | 1006.93% | -95.61% | 65% | -43.65% | - |
| D&A (Non-Cash Add-back) | 2.44M | 2.61M | 2.77M | 2.77M | 3.14M | 3.21M |
| EBIT | -1.8M | -557.48K | -2.23M | 1.91M | -253.42K | 3.57M |
| Net Interest Income | -786.02K | -795.81K | -764.93K | -654.76K | -335.97K | -194.83K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 786.02K | 795.81K | 764.93K | 654.76K | 335.97K | 194.83K |
| Other Income/Expense | -762.3K | -835.68K | -418.1K | -283.85K | -61.16K | 1.95M |
| Pretax Income | -2.58M | -1.35M | -2.99M | 1.26M | -589.4K | 3.38M |
| Pretax Margin % | -9.39% | -4.82% | -10.53% | 4.27% | -2.12% | 12.69% |
| Income Tax | 430.35K | 439.94K | -514.83K | -719.17K | -154.83K | 125K |
| Effective Tax Rate % | -16.65% | -32.51% | 17.19% | -57.2% | 26.27% | 3.7% |
| Net Income | -3.01M | -1.79M | -2.48M | 1.98M | -434.57K | 3.25M |
| Net Margin % | -10.95% | -6.39% | -8.72% | 6.71% | -1.56% | 12.22% |
| Net Income Growth % | -218.4% | 27.68% | -225.46% | 554.8% | -113.36% | - |
| Net Income (Continuing) | -3.01M | -1.79M | -2.48M | 1.98M | -434.57K | 3.25M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08 | -0.05 | -0.07 | 0.06 | -0.01 | 0.17 |
| EPS Growth % | -205.43% | 26.04% | -210.64% | 542.75% | -108.12% | - |
| EPS (Basic) | - | -0.05 | -0.07 | 0.06 | -0.01 | 0.17 |
| Diluted Shares Outstanding | 36.95M | 36.92M | 36.69M | 32.37M | 31.6M | 19.17M |
| Basic Shares Outstanding | 36.95M | 36.92M | 35.42M | 32.37M | 31.6M | 19.17M |
| Dividend Payout Ratio | - | - | - | 3.14% | - | - |
Liquidity and operational scale
As indicated by the most recent quarterly data, Syntec Optics experienced a 7.9% year-over-year revenue decline in 2026Q1, reflecting a broader trend of inconsistent top-line performance that has seen growth oscillate between double-digit gains and significant contractions over the past ten quarters of reported financial results.
The lack of a clear growth trajectory suggests that the company is struggling to secure consistent, high-volume program wins in its core defense and medical segments. Investors should monitor whether this volatility is a result of project-based revenue recognition timing or a fundamental loss of competitive positioning within the Rochester optics cluster.
According to historical income statements, gross margins have fluctuated wildly from a high of 32.7% in 2025Q1 to a low of 11.3% in 2024Q1, highlighting the company's sensitivity to manufacturing yield variances and the high fixed-cost burden inherent in its specialized optical fabrication processes.
The inability to maintain stable gross margins suggests that the company lacks the pricing power to offset fluctuations in manufacturing scrap rates or capacity utilization. This inconsistency implies that the current operational model is highly susceptible to cost overruns, which may continue to pressure the bottom line until scale is achieved.
Based on reported figures, the company's operating margin has frequently dipped into negative territory, reaching -11.9% in 2026Q1, which demonstrates that the current revenue base is insufficient to absorb the fixed overhead associated with maintaining clean room environments and specialized precision machinery for optical manufacturing.
The lack of positive operating leverage indicates that SG&A expenses remain sticky even as revenue contracts, preventing the company from achieving sustainable profitability. Without a significant increase in throughput, the firm appears likely to continue struggling with operating losses, regardless of its technical capabilities in polymer molding.
As reported in recent financial filings, the company's cash position has dwindled to approximately $359,000, a precarious level that suggests the firm may face significant operational disruptions or the necessity of dilutive financing to sustain its current manufacturing activities in the near term.
Short-sellers would likely focus on the disconnect between the company's high-tech aspirations and its deteriorating liquidity profile. The combination of negative net income and minimal cash reserves warrants investigation into whether the firm can continue to fund its working capital requirements without compromising its long-term operational viability.
Quick answers to the most common questions about buying OPTX stock.
For fiscal year 2025, Syntec Optics Holdings, Inc. (OPTX) reported total revenue of $28.1M. This represents a 5.5% increase compared to $26.6M in 2021.
Syntec Optics Holdings, Inc. (OPTX) reported a net loss of $1.8M for the fiscal year ending 2025.
Syntec Optics Holdings, Inc. (OPTX) reported an operating income of $-0.5M, resulting in an operating profit margin of -1.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Syntec Optics Holdings, Inc. (OPTX) generated $6.5M in gross profit for the year, representing a gross profit margin of 23.3%. This demonstrates the company's core pricing power and production efficiency.