OPXS News & Events

On February 9, 2026, the Board of Directors of the Company terminated the Company's existing stock repurchase program and approved a new stock repurchase program pursuant to which the Company may purchase up to $10 million in shares of the Company's outstanding common stock

Reports Q1 revenue $9.1M vs. $8.2M last year. Chad George, CEO of Optex Systems Holdings, Inc., commented, "Sales increased compared to the prior year quarter due to an increase in periscope demand, as well as an increase in our new product development activities for the XM30 program. Margins compressed due in large part to a loss reserve that we had to realize for the gold usage on the Abrams day window program. The price of gold has increased by over 250% over the last three years which is causing margin erosion on this 5 year old IDIQ contract. We do not expect the lower gross profit to continue through the balance of 2026, as our old legacy periscope contracts roll off and are replaced with more favorable pricing in our current backlog. We also incurred $0.3 million of non-recurring costs within general and administrative expenses associated with the CEO transition as well as with the retirement of two other senior level employees. We expect G&A spending to remain at a higher level during 2026, as we invest in research and development to drive new product lines and capabilities at Optex. Increased defense spending is driving additional demand for opto-mechanical assemblies, and we are increasing our investment to meet this anticipated demand. Long-term, we expect our margins to be in line with our prior year's performance as this additional spending is expected to be offset by higher margins on our legacy programs and continued revenue growth."

Optex Systems has been awarded a new contract from a U.S. Government Prime Contractor, in support of a Night Vision Goggle system. The order value is $2.19M with deliveries starting in Q2 of calendar 2026 through early 2027. With this order, the current Optex Systems Holdings' backlog is in excess of $38M.

Reports FY25 revenue $41.3M vs. $34M last year. Danny Schoening, CEO of Optex Systems Holdings, Inc., commented, "It's been an exciting year for Optex. A 21.6% increase in revenue drove strong results across both the income statement and balance sheet, while also reducing our net inventory position in line with our prior commitments. Significant contract wins, along with continued investment in equipment and personnel, have strengthened the company. As a result, our employees, customers, and shareholders are all well positioned for the future."