SYNTEC OPTICS HOLDINGS, INC.

Listed Company

OPTXCIK 0001866816NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthOptical Instruments & LensesDelawareFY ends Dec 31

Period

FY 2024

Revenue

—

Net Income

—

Total Assets

—

Equity

—

Shares Out

40.28M

Op. Cash Flow

—

Business

SYNTEC OPTICS HOLDINGS, INC. is a vertically integrated designer and manufacturer of optics and photonics-enabled components and sub-systems for OEMs and Tier 1 suppliers. It offers polymer, glass, metal and crystal optics, opto-mechanical housings, thin-film coatings, nanomachined parts, and assembled electro-optical modules. Its business is organized around vertically integrated advanced manufacturing processes including optical assembly, electro‑optics assembly, polymer and glass molding, nanomachining and thin‑film coating serving defense, biomedical, consumer/industrial and communications end markets. Syntec sells directly to manufacturers and distributors globally, with U.S.-based design and production and online/off-the-shelf channels.

Summary from filing dated 2025-10-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Net Sales	28	28	29	28
Cost of Goods Sold	22	23	22	22
Gross Profit	7	6	8	6
General and Administrative Expenses	7	8	6	7
Loss from Operations	−517,600	−3	2	−528,234
Other (Expense) Income	−39,875	346,835	—	—
Interest Expense, Including Amortization of Debt Issuance Costs	−795,810	−764,934	−654,765	−335,974
Total Other Expense	−835,685	−418,099	−283,851	−61,164
Loss Before Provision for (Benefit) Income Taxes	−1	−3	1	−589,398
Provision (Benefit) for Income Taxes	439,942	−514,832	−719,172	−154,829
Net Loss	−2	−2	2	−434,569
Basic (per share)	−0.05	−0.07	0.06	−0.01
Diluted (per share)	−0.05	−0.07	0.06	−0.01
Basic (shares)	37	37	32	32
Diluted (shares)	37	37	32	32

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-09-30
Cash	358,867	598,787	2	526,182	—
Accounts Receivable, Net	6	6	7	6	—
Inventory	8	7	6	4	—
Prepaid Expenses and Other Assets	655,827	596,589	359,443	689,385	—
Income Tax Receivable	—	9,794	—	8,765	—
Total Current Assets	15	14	15	11	—
Property and Equipment, Net	9	12	11	12	—
Deferred Tax Asset	—	439,942	—	—	—
Total Assets	24	26	27	22	—
Accounts Payable	3	3	3	412,058	—
Accrued Expenses	683,397	814,600	1	539,966	—
Federal Income Tax Payable	169,582	—	370,206	—	—
Deferred Revenue	66,420	36,512	—	348,095	—
Line of Credit	7	6	7	6	—
Current Maturities of Debt Obligations	499,853	467,742	362,972	—	—
Current Maturities of Finance Lease Obligations	354,499	284,002	—	—	—
Total Current Liabilities	11	11	11	9	—
Long-Term Debt Obligations	2	3	2	—	—
Long-Term Finance Lease Obligations	1	2	—	—	—
Total Long-Term Liabilities	4	4	2	4	—
Total Liabilities	15	15	13	13	—
Commitments and Contingencies	—	—	—	—	—
Common Stock Value	3,692	3,669	3,669	3,160	—
Additional Paid-In Capital	3	2	2	237,692	—
Retained Earnings	7	9	11	9	—
Total Stockholders Equity	10	11	13	9	−5
Total Liabilities and Stockholders Equity	24	26	27	22	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Depreciation and Amortization	3	3	3	3
Amortization of Debt Issuance Costs	15,501	15,057	12,451	10,847
Stock-Based Compensation	300,000	450,000	—	—
Gain on Disposal of Property and Equipment	—	−309,000	—	—
Change in Allowance for Expected Credit Losses	15,869	−121,767	—	—
Change in Reserve for Obsolescence	80,667	186,285	124,911	−331,881
Deferred Income Taxes	439,942	−514,832	−1	−507,913
Accounts Receivable	−518,432	1	−848,520	−756,520
Inventory	−1	−1	−2	1
Prepaid Expenses and Other Assets	−59,238	−237,146	340,298	—
Accounts Payables and Accrued Expenses	381,372	−231,163	2	−597,709
Federal Income Tax Payable	179,376	−380,000	129,328	108,738
Deferred Revenue	29,908	36,512	−348,095	—
Net Cash Provided By (Used In) Operating Activities	672,635	−942,830	3	2
Purchases of Property and Equipment	−644,292	−1	−2	−1
Proceeds from Disposal of Property and Equipment	—	309,000	—	515,372
Net Cash Used in Investing Activities	−644,292	−930,866	−2	−685,428
Borrowing on Line of Credit, Net	500,000	−273,729	137,592	−2
Borrowing on Debt Obligations	—	1	2	—
Borrowing on Debt Obligations - Related Parties	1	—	—	—
Repayments on Debt Obligations	−2	−420,802	−3	−917,400
Repayments on Finance Lease Obligations	−299,341	−91,619	—	−222,376
Net Cash (Used In) Provided By Financing Activities	−268,263	314,238	761,023	−3
Net Decrease in Cash	−239,920	−2	2	−2
Cash Paid for Interest	756,519	738,010	652,778	319,056
Cash Paid for Taxes	—	568,143	283,561	159,968
(Decrease) Increase in Assets Acquired and Included in AP	527,219	198,584	—	—
Issuance of finance lease for acquisition of equipment	—	2	—	—
De-recognition of PPE and Intangible Asset transaction	—	560,000	—	—

Filings

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