Optex Systems Holdings Inc

Listed Company

OPXSCIK 0001397016NasdaqNon-AcceleratedSmaller ReportingOptical Instruments & LensesDelawareFY ends Sep 28

Period

FY 2025

Revenue

$41.34M

Net Income

$5.15M

Total Assets

$30.06M

Equity

$24.29M

Shares Out

6.94M

Op. Cash Flow

$6.93M

Business

Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for military, defense prime contractors, commercial and consumer markets. It offers periscopes, rifle and surveillance sights, digital day/night sighting systems, laser filter units, optical assemblies, thin film coatings and related optical components and services. The company operates through distinct manufacturing segments including Optex Richardson (periscopes and vehicle sighting systems) and the Applied Optics Center (thin film coatings, laser filters and optical subassemblies). It sells directly to U.S. government agencies, to defense primes, via foreign military sales and to commercial customers and retail channels.

Summary from filing dated 2025-12-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenue	41	34	26	22	18
Cost of Sales	29	24	19	17	16
Gross Profit	12	10	7	5	3
General and Administrative Expense	5	5	4	3	3
Operating Income	7	5	3	2	−494,000
Asset Impairment	804,000	—	—	—	—
Interest (Income) Expense, net	−23,000	47,000	—	—	—
Other Expenses	781,000	47,000	—	—	3
Income Before Taxes	6	5	3	2	2
Income Tax Expense, net	1	1	469,000	364,000	−101,000
Net income applicable to common shareholders	5	4	2	1	2
Basic income per share	0.75	0.56	0.34	0.16	0.18
Weighted Average Common Shares Outstanding - basic	7	7	7	8	8
Diluted income per share	0.74	0.55	0.34	0.16	0.18
Weighted Average Common Shares Outstanding - diluted	7	7	7	8	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and Cash Equivalents	6	1	1	934,000	4
Accounts Receivable, Net	5	4	4	3	3
Inventory, Net	14	15	12	9	8
Contract Asset	142,000	219,000	336,000	—	—
Prepaid Expenses	285,000	217,000	219,000	328,000	262,000
Current Assets	26	20	18	13	15
Property and Equipment, Net	1	1	998,000	968,000	1
Deferred Tax Asset	1	947,000	922,000	942,000	1
Intangibles, net	—	951,000	—	—	—
Right-of-use Asset	2	2	3	3	4
Security Deposits	23,000	23,000	23,000	23,000	23,000
Other Assets	3	4	4	4	5
Total Assets	30	26	22	19	21
Accounts Payable	2	1	810,000	706,000	551,000
Credit Facility	—	1	—	—	—
Operating Lease Liability	645,000	638,000	620,000	604,000	528,000
Federal Income Taxes Payable	87,000	74,000	247,000	331,000	—
Accrued Expenses	2	1	1	958,000	800,000
Accrued Selling Expense	141,000	237,000	336,000	—	—
Accrued Warranty Costs	162,000	52,000	75,000	169,000	78,000
Contract Loss Reserves	132,000	259,000	243,000	289,000	51,000
Customer Advance Deposits	234,000	255,000	481,000	311,000	—
Current Liabilities	5	5	4	3	2
Operating Lease Liability, net of current portion	1	2	2	3	3
Total Liabilities	6	7	7	6	5
Commitments and Contingencies	—	—	—	—	—
Common Stock ($0.001 par, 2,000,000,000 authorized, 6,920,658 and 6,873,938 shares issued and outstanding, respectively)	7,000	7,000	7,000	7,000	9,000
Additional Paid in Capital	22	21	21	21	26
Retained Earnings (Accumulated Deficit)	2	−3	−6	−9	−10
Stockholders Equity	24	19	15	12	16
Total Liabilities and Stockholders Equity	30	26	22	19	21

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and Amortization	515,000	487,000	345,000	307,000	263,000
Stock Compensation Expense	383,000	425,000	247,000	162,000	228,000
Change in Deferred Tax Asset	−252,000	−25,000	20,000	346,000	−60,000
Change in Accounts Receivable	−810,000	−150,000	−716,000	254,000	−230,000
Bad Debt Expense	4,000	10,000	—	21,000	—
Change in Inventory	500,000	−3	−3	−2	1
Change in Contract Asset	77,000	118,000	−336,000	—	—
Change in Prepaid Expenses	−69,000	2,000	109,000	−66,000	−33,000
Change in Leases	−15,000	3,000	20,000	80,000	24,000
Change in Accounts Payable and Accrued Expenses	725,000	359,000	411,000	313,000	−561,000
Change in Federal Income Taxes Payable	13,000	−173,000	−84,000	331,000	—
Change in Accrued Warranty Costs	111,000	−23,000	−94,000	91,000	−4,000
Change in Accrued Selling Expense	−95,000	−100,000	336,000	—	—
Change in Customer Advance Deposits	−21,000	−226,000	170,000	311,000	−1,000
Change in Accrued Estimated Loss on Contracts	−127,000	16,000	−46,000	238,000	51,000
Total Adjustments	2	−2	−3	759,000	−2
Net Cash provided by Operating Activities	7	2	−296,000	2	481,000
Purchases of Intangible Assets	−10,000	−1	—	—	—
Purchases of Property and Equipment	−494,000	−681,000	−376,000	−257,000	−274,000
Net Cash used in Investing Activities	−504,000	−2	−376,000	−257,000	−274,000
Cash Paid for Taxes Withheld On Net Settled Restricted Stock Unit Share Issue	−47,000	−245,000	−58,000	−19,000	−44,000
Borrowings from Credit Facility	—	1	2	—	—
Payments to Credit Facility	−1	−1	−507,000	—	−377,000
Net Cash used in Financing Activities	−1	−245,000	942,000	−5	−1
Net Increase (Decrease) in Cash and Cash Equivalents	5	−195,000	270,000	−3	−800,000
Cash Paid for Taxes	1	1	500,000	−312,000	48,000
Cash Received from Interest	35,000	—	—	—	—
Cash Paid for Interest	12,000	47,000	55,000	—	11,000

Filings

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