Optex Systems Holdings Inc
Business
Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for U.S. Department of Defense, foreign military, and commercial customers. Primary products include periscopes, rifle and surveillance sights, night vision optical assemblies, and laser filter units installed on military vehicles such as Abrams tanks, Bradley fighting vehicles, and Stryker vehicles. The company operates through two reportable segments: Optex Systems (Richardson, Texas location) and Applied Optics Center (Dallas, Texas location), serving defense end-users, prime contractors, and increasingly pursuing commercial optical assembly and coating opportunities.
Summary from 10-K filed 2025-12-17
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Optex Systems Holdings Inc's CIK number?
Optex Systems Holdings Inc's SEC CIK number is 0001397016 (1397016). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Optex Systems Holdings Inc's SEC filings?
All of Optex Systems Holdings Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Optex Systems Holdings Inc last report earnings?
Optex Systems Holdings Inc (OPXS) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022360). This is Optex Systems Holdings Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Optex Systems Holdings Inc's most recent earnings 8-K?
Optex Systems Holdings Inc's latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001493152-26-022360. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Optex Systems Holdings Inc's latest earnings 8-K →
Look up any company's CIK number →