From a valuation perspective, Syntec Optics Holdings, Inc. (OPTX - Free Report) stock looks expensive. OPTX is currently trading at a trailing 12-month enterprise value/sales (EV/sales) of 8.77X, above the industry average of 2.78X. OPTX also trades at a higher valuation compared to other industry players, such as Duos Technologies Group, Inc. (DUOT - Free Report) and Bit Digital, Inc. (BTBT - Free Report) . Currently, DUOT and BTBT trade at EV/sales multiples of 2.42X and 2.21X, respectively.
Image Source: Zacks Investment Research
While this elevated valuation reflects investor confidence in the company’s long-term potential, it also raises concerns about whether the stock can justify such lofty multiples. Considering the premium valuation, investors must be wondering whether they should buy, hold or sell the stock.
OPTX Stock’s Price PerformanceSyntec Optics shares have jumped 135.3% over the past year against the industry’s 28.7% decline. The Zacks Business Services sector has fallen 14.4% while the S&P 500 has advanced 13.2%. Meanwhile, OPTX has outperformed DUOS and BTBT, which declined 36.8% and 76.8%, in the same time frame.
Image Source: Zacks Investment Research
Business Tailwinds for OPTXSyntec Optics is benefiting from expanding demand for precision optics across U.S. defense platforms. In September 2026, the company reported more than $9 million in purchase orders, more than double its previously announced total. Demand spans missile-guidance optics, night-vision equipment, specialized targeting lasers and AI-enabled augmented-reality headsets. The breadth of applications and recurring orders could support production visibility as defense customers modernize their systems and deploy advanced optical technologies.
OPTX's space business is gaining traction through orders tied to national security and satellite communications. In September 2026, it secured an order for optics supporting U.S. Space Force infrastructure and reconnaissance satellites. The company is also ramping weekly shipments of precision waveguides for satellite antenna feeds. Management indicated that its space antenna portfolio could generate more than $1 million in annual revenues, while potential demand from expanding satellite constellations supports a longer-term opportunity.
Syntec Optics strengthened its lunar exploration exposure in October 2026 by announcing recurring production orders for precision components used in actuators on NASA's Artemis III rockets. These components help maintain engine positioning and flight trajectory. Management said the award increased its space technology backlog by 10%. The evolving mission plan, including orbital testing ahead of lunar operations, could provide additional production opportunities, although the timing and scale of future orders remain dependent on mission execution.
Syntec Optics is broadening its presence in AI infrastructure and advanced energy applications. In August 2026, it reported more than $4 million in orders linked to data center technologies and new fusion-energy orders valued at seven times those secured late in 2025. Its precision optics are designed for demanding fusion reactor environments, while micro-connectors and space-power systems expand the addressable product portfolio. Dedicating 5% of factory capacity to AI data center optics signals plans to build repeatable production in this market.
Improving financial flexibility could help Syntec Optics pursue its growing order pipeline. The company raised approximately $18.6 million in net proceeds through an April 2026 share offering and another $2.8 million from the underwriter's option exercise. It used roughly $6.8 million to repay debt and eliminated its bank credit line and related financial covenants. Sales increased to $14.8 million in the first half of 2026 from $13.6 million a year earlier, while operating cash flow improved to $0.2 million from $0.1 million.
Headwinds for OPTX’s BusinessSyntec Optics faces profitability pressures despite revenue growth. In the first half of 2026, gross profit declined to $3.1 million from $3.9 million a year earlier, as higher material costs, particularly aluminum, weighed on margins. The company reported a net loss of $0.6 million compared with nearly breakeven results a year ago. Customer concentration remains a concern, with three customers accounting for 52% of revenues. Competition from larger manufacturers, fluctuations in product mix and potential production disruptions could further pressure margins.
ConclusionOPTX’s growing defense and space orders, expanding AI infrastructure opportunities and improved financial flexibility support its long-term growth prospects. However, margin pressures, rising material costs, customer concentration and profitability challenges warrant caution.
Also, its valuation is higher than the industry average. For long-term investors, OPTX’s strong fundamentals may justify holding the stock, but investors looking to add the stock to their portfolios may want to wait for a better entry point.
Syntec Optics (NASDAQ:OPTX – Get Free Report) and CSP (NASDAQ:CSPI – Get Free Report) are both small-cap technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, dividends, institutional ownership, risk, valuation, earnings and analyst recommendations.
Insider & Institutional Ownership 26.7% of CSP shares are held by institutional investors. 0.8% of Syntec Optics shares are held by company insiders. Comparatively, 15.0% of CSP shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Risk & Volatility Syntec Optics has a beta of -0.76, suggesting that its stock price is 176% less volatile than the S&P 500. Comparatively, CSP has a beta of 0.87, suggesting that its stock price is 13% less volatile than the S&P 500.
Analyst Ratings This is a breakdown of recent recommendations and price targets for Syntec Optics and CSP, as reported by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Syntec Optics 1 0 0 0 1.00 CSP 1 0 0 0 1.00 Profitability This table compares Syntec Optics and CSP’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Syntec Optics -8.26% -16.50% -8.68% CSP -1.22% -1.56% -0.99% Valuation & Earnings This table compares Syntec Optics and CSP”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Syntec Optics $28.08 million 14.09 -$1.79 million ($0.06) -163.67 CSP $58.73 million 1.34 -$90,000.00 ($0.07) -111.71 CSP has higher revenue and earnings than Syntec Optics. Syntec Optics is trading at a lower price-to-earnings ratio than CSP, indicating that it is currently the more affordable of the two stocks.
Summary CSP beats Syntec Optics on 9 of the 11 factors compared between the two stocks.
About Syntec Optics (Get Free Report)
Syntec Optics Holdings, Inc. manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials. The company also provides clean room assembly, such as opto mechanical, opto electronic, and integrated photonics; infrared optics, microlens arrays, software development, and optical metrology, and catalog optics services. In addition, it offers driverless cars, integrated photonics, robotics, sensors, VR and AR, machine vision, facial imagining, heads up display, finger print scanners, and laser scanners technology for consumers; night vision goggles, missile laser guides, biometrics, infrared and thermal imaging, ordnance optics, head mounted displays, 2D and 3D scanners, humvee lighting , laser targeting, protective domes and windows, and lidar technologies for defense and miliary; and medical diagnostic, microfluidics, surgical components and systems, and medical sensing technology for medical sectors. The company was founded in 1981 and is based in Rochester, New York.
About CSP (Get Free Report)
CSP Inc. develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries. This segment also offers professional IT consulting services, such as planning, designing, assessment, implementation, migration, optimization, and project management; storage and virtualization solutions; enterprise security intrusion prevention, network access control, and unified threat management services; and IT security compliance services. In addition, this segment provides unified communications, wireless, and routing and switching solutions; custom software applications and solutions development and support services; optimization, maintenance, and technical support services; and managed IT services, such as monitoring, reporting, and management of alerts for the resolution and preventive general IT, as well as IT security support tasks. Further, this segment offers managed and cloud services, such as proactive monitoring and remote management of IT infrastructure, managed and hosted unified communication services, security, and backup and replication. The High Performance Products segment offers ARIA Software-Defined Security, a cybersecurity solution; ARIA Zero Trust PROTECT that stopping the attacks that are used to attack critical infrastructure applications; Myricom network adapters; and multicomputer products for digital signal processing applications in the defense markets. CSP Inc. was incorporated in 1968 and is headquartered in Lowell, Massachusetts.
Receive News & Ratings for Syntec Optics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntec Optics and related companies with MarketBeat.com's FREE daily email newsletter.
Syntec Optics (NASDAQ:OPTX – Get Free Report) and Richardson Electronics (NASDAQ:RELL – Get Free Report) are both small-cap technology companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations.
Volatility & Risk Syntec Optics has a beta of -0.76, indicating that its share price is 176% less volatile than the S&P 500. Comparatively, Richardson Electronics has a beta of 1.32, indicating that its share price is 32% more volatile than the S&P 500.
Insider and Institutional Ownership 72.0% of Richardson Electronics shares are held by institutional investors. 0.8% of Syntec Optics shares are held by company insiders. Comparatively, 31.7% of Richardson Electronics shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Profitability This table compares Syntec Optics and Richardson Electronics’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Syntec Optics -8.26% -16.50% -8.68% Richardson Electronics 2.79% 3.55% 2.83% Earnings & Valuation This table compares Syntec Optics and Richardson Electronics”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Syntec Optics $28.08 million 12.96 -$1.79 million ($0.06) -150.53 Richardson Electronics $228.56 million 1.23 $6.38 million $0.44 43.44 Richardson Electronics has higher revenue and earnings than Syntec Optics. Syntec Optics is trading at a lower price-to-earnings ratio than Richardson Electronics, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a breakdown of recent recommendations and price targets for Syntec Optics and Richardson Electronics, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Syntec Optics 1 0 0 0 1.00 Richardson Electronics 0 2 1 0 2.33 Richardson Electronics has a consensus target price of $24.00, indicating a potential upside of 25.57%. Given Richardson Electronics’ stronger consensus rating and higher possible upside, analysts plainly believe Richardson Electronics is more favorable than Syntec Optics.
Summary Richardson Electronics beats Syntec Optics on 13 of the 14 factors compared between the two stocks.
About Syntec Optics (Get Free Report)
Syntec Optics Holdings, Inc. manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials. The company also provides clean room assembly, such as opto mechanical, opto electronic, and integrated photonics; infrared optics, microlens arrays, software development, and optical metrology, and catalog optics services. In addition, it offers driverless cars, integrated photonics, robotics, sensors, VR and AR, machine vision, facial imagining, heads up display, finger print scanners, and laser scanners technology for consumers; night vision goggles, missile laser guides, biometrics, infrared and thermal imaging, ordnance optics, head mounted displays, 2D and 3D scanners, humvee lighting , laser targeting, protective domes and windows, and lidar technologies for defense and miliary; and medical diagnostic, microfluidics, surgical components and systems, and medical sensing technology for medical sectors. The company was founded in 1981 and is based in Rochester, New York.
(Get Free Report)
Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology. This segment also provides thyratrons and rectifiers, power tubes, ignitrons, magnetrons, phototubes, microwave generators, ultracapacitor modules, and liquid crystal display monitors under the Amperex, Cetron, and National brands. The Green Energy Solutions segment offers design-in support, systems integration, prototype design and manufacturing, testing, logistics and aftermarket, and technical service and repair services for various applications, such as wind, solar, hydrogen, and electric vehicles; and other power management applications that support green solutions including synthetic diamond manufacturing. The Canvys segment provides custom display solutions, which includes touch screens, protective panels, custom enclosures, All-In-One computers, specialized cabinet finishes and application specific software packages, and certification services. The Healthcare segment provides diagnostic imaging replacement parts for CT and MRI systems, replacement CT and MRI tubes, CT service training, MRI and RF amplifiers, hydrogen thyratrons, klystrons, magnetrons, flat panel detector upgrades, pre-owned CT systems, and additional replacement solutions. It serves energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company was founded in 1947 and is headquartered in LaFox, Illinois.
Receive News & Ratings for Syntec Optics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntec Optics and related companies with MarketBeat.com's FREE daily email newsletter.
ROCHESTER, NEW YORK, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of deep-tech products to defense, space, and AI data centers, today announced recurring production orders for actuators in NASA's Artemis III rockets.
Rockets need absolute precision to stay on a course full of adversity—like a unicyclist on a tightrope in a hurricane. Syntec Optics makes the ultra-precise products inside rocket actuators that keep those heavy engines locked on trajectory.
As NASA Administrator Jared Isaacman fast-tracks and modernizes America's space infrastructure toward a $20B Moon base for mining, data centers, and future fusion fuel, the global rocket market is surging from $10.5 billion in 2023 to $24.4 billion by 2030.
"We feel privileged to bridge generations," said Matt Carey, VP of Business Development. "We are working side-by-side with the pioneers of the Apollo and Space Shuttle eras to create the modern hardware that will return humanity to the Moon. Unlike the old Apollo visits, which seemed like short trips to win a space race, this new push aims to stay."
With the Artemis III mission strategy evolving to include rigorous Earth-orbit practice tests for landers and docking systems ahead of the lunar landing, Syntec is locking in years of recurring orders.
"NASA's strategic pivot establishes a foundation of predictable, high-value orders, immediately boosting our space tech backlog further by 10% and positioning our lunar products for exponential growth as moon missions accelerate," noted CFO Dean Rudy.
Precision-engineered products, from satellite communications and safety to Space Force reconnaissance and lunar rockets, make Syntec a vital partner in securing America's space dominance.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced connected-battlefield defense platforms, AI data centers, and life sciences. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $20 trillion of the $111 trillion in total worldwide production as of 2024—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
Syntec Optics (NASDAQ:OPTX – Get Free Report) and Littelfuse (NASDAQ:LFUS – Get Free Report) are both technology companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, risk, earnings, institutional ownership, valuation, dividends and profitability.
Institutional and Insider Ownership 96.1% of Littelfuse shares are owned by institutional investors. 0.8% of Syntec Optics shares are owned by insiders. Comparatively, 1.0% of Littelfuse shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Earnings and Valuation This table compares Syntec Optics and Littelfuse”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Syntec Optics $28.08 million 13.11 -$1.79 million ($0.06) -152.33 Littelfuse $2.39 billion 4.86 -$71.70 million ($0.50) -913.06 Syntec Optics has higher earnings, but lower revenue than Littelfuse. Littelfuse is trading at a lower price-to-earnings ratio than Syntec Optics, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a summary of current ratings for Syntec Optics and Littelfuse, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Syntec Optics 1 0 0 0 1.00 Littelfuse 0 2 4 0 2.67 Littelfuse has a consensus price target of $465.83, indicating a potential upside of 2.04%. Given Littelfuse’s stronger consensus rating and higher probable upside, analysts clearly believe Littelfuse is more favorable than Syntec Optics.
Profitability This table compares Syntec Optics and Littelfuse’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Syntec Optics -8.26% -16.50% -8.68% Littelfuse -0.31% 13.02% 8.32% Volatility & Risk Syntec Optics has a beta of -0.76, indicating that its share price is 176% less volatile than the S&P 500. Comparatively, Littelfuse has a beta of 1.48, indicating that its share price is 48% more volatile than the S&P 500.
Summary Littelfuse beats Syntec Optics on 10 of the 14 factors compared between the two stocks.
About Syntec Optics (Get Free Report)
Syntec Optics Holdings, Inc. manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials. The company also provides clean room assembly, such as opto mechanical, opto electronic, and integrated photonics; infrared optics, microlens arrays, software development, and optical metrology, and catalog optics services. In addition, it offers driverless cars, integrated photonics, robotics, sensors, VR and AR, machine vision, facial imagining, heads up display, finger print scanners, and laser scanners technology for consumers; night vision goggles, missile laser guides, biometrics, infrared and thermal imaging, ordnance optics, head mounted displays, 2D and 3D scanners, humvee lighting , laser targeting, protective domes and windows, and lidar technologies for defense and miliary; and medical diagnostic, microfluidics, surgical components and systems, and medical sensing technology for medical sectors. The company was founded in 1981 and is based in Rochester, New York.
About Littelfuse (Get Free Report)
Littelfuse, Inc. designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors. This segment serves industrial motor drives and power conversion, automotive electronics, electric vehicle and related charging infrastructure, aerospace, power supplies, data centers, telecommunications, medical devices, alternative energy, building and home automation, appliances, and mobile electronics markets. The Transportation segment provides blade, resettable, and high-current and high-voltage fuses, as well as battery cable protectors; fuses, switches, relays, circuit breakers, and power distribution modules; and sensor products. This segment serves heavy-duty truck, construction, agriculture, material handling, and marine. The Industrial segment offers industrial fuses, protection relays, contactors, transformers, residual current devices, ground fault circuit interrupters, residual current monitors, arc fault detection devices, and temperature sensors for use in renewable energy and energy storage systems, electric vehicle infrastructure, HVAC systems, industrial safety, non-residential construction, MRO, mining, and factory automation. It sells its products through distributors, direct sales force, and manufacturers' representatives. Littelfuse, Inc. was founded in 1927 and is headquartered in Chicago, Illinois.
Receive News & Ratings for Syntec Optics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntec Optics and related companies with MarketBeat.com's FREE daily email newsletter.
Building on its AI soldier gear breakthrough earlier this year, the 25-year-old defense innovator solidifies its role at the vanguard of defense tech Building on its AI soldier gear breakthrough earlier this year, the 25-year-old defense innovator solidifies its role at the vanguard of defense tech
ROCHESTER, NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical optics for defense tech, space tech, and AI data centers, today announced that the company more than doubled its purchase orders—worth over $9 million—to supply defense equipment, up from its Q1 announcement about orders for diverse defense platforms.
Orders for optics that help guide missiles to hit targets accurately grew an additional 30% since the last announcement of a 40% increase. On another front, Syntec continued to add orders for optics and optics-mechanicals used in equipment that helps soldiers see clearly in the dark and spot targets day or night. Orders for optics and opto-mechanicals for specialized lasers used for targeting and defense also grew.
Orders grew across all platforms. This ranged from advanced optics for night vision goggles that soldiers have used for nearly 10 years, to new augmented reality (AR) and mixed-reality headsets that use artificial intelligence (AI) to give soldiers a digital edge on the battlefield.
Matt Carey, vice-president at Syntec, explained, “Winning these orders proves the company can build tough, reliable equipment that keeps soldiers and us safe and helps U.S. succeed on missions around the world."
According to Morgan Stanley, increased defense spending in the U.S. is part of a broader movement in which geopolitical conflicts are catalyzing reinvestment and modernization efforts worldwide.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced connected-battlefield defense platforms, AI data centers, and life sciences. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
Space and defense deep tech company Syntec Optics Holdings, Inc. (NASDAQ:OPTX) said it has received nearly $2.4 million in new purchase orders for an optics product line built to support weekly launches of Low Earth Orbit satellites.
The Rochester, New York-based company said the orders, scaled for higher production in the first quarter of 2026, expand a previously announced order of nearly $1.9 million for the same product line. The new and prior awards bring total recent orders for the line to nearly $4.3 million, with full delivery expected before the middle of next quarter, according to the company.
Syntec Optics tied the demand to weekly launches of Low Earth Orbit satellites, the cadence of deployments the product line is intended to support. The company said the product line is being scaled for higher production in the first quarter of 2026 to meet that schedule.
The stacking of a nearly $2.4 million order on top of the earlier nearly $1.9 million award points to repeat demand for the product line rather than a one-time purchase. Reaching nearly $4.3 million in total recent orders gives Syntec Optics a defined near-term delivery commitment for the line, with the company expecting full delivery before the middle of next quarter.
Producing optics geared to weekly Low Earth Orbit satellite launches positions Syntec Optics within the supply chain for high-cadence satellite deployment, a segment of the space market driven by large, recurring launch programs. Continued orders for the line would extend the company's exposure to that recurring deployment activity.
Syntec Optics describes itself as a Space and Defense deep tech leader, supplying optics products including a line scaled for higher production to support weekly launches of Low Earth Orbit satellites.
ROCHESTER, NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical technologies for vibrant end-markets - defense tech, space tech, and biomed tech today announced it received nearly $4 million in U.S. life sciences purchase orders.
As the quality of healthcare in the U.S. advances, Syntec Optics is playing a pivotal role in providing the high-precision optical products required for existing and next-generation technologies.
Building on the previously announced $4.6 million in orders for laser blood analysis optics used in nearly every leading clinic and hospital, these additional contracts for a diverse set of other products further cement Syntec Optics’ contribution to critical life sciences infrastructure. Our manufacturing technology powers an extensive array of life-science applications, spanning surgical robotics, DNA sequencing, biomedical visualization, and specialized tools for ophthalmology and veterinary care.
"Securing over $4 million in orders underscores the trust our integrators and partners place in Syntec Optics to deliver on the most rigorous standards in biomedical technology," said Matt Carey, VP of Business Development at Syntec Optics. "From high-precision DNA sequencing to complex surgical robotics, our commitment is to provide the critical optical solutions that empower the next generation of patient care."
“Syntec Optics has achieved a unique advantage by mastering an incredibly diverse set of optical manufacturing technologies—a fusion cultivated over two decades, long before the industry recognized their synergy. Today, these capabilities operate in perfect unison. Our expertise in optomechanics drives our advancements in DNA sequencing and ophthalmic motion control; our precision-molded optics power clinical examination and surgical robotics; and our electro-optics capability enables highly accurate tissue visualization,” Carey added.
Syntec Optics is increasingly defining the standard for precision in life sciences," said Dean Rudy, CFO. "Beyond our established footprint and pioneering contributions in space tech and defense tech, we are applying our advanced manufacturing technologies and recent operational excellence initiatives, delivering on pace to complete these 2026 orders for long-life-cycle products, supporting the precision backbone for the future of world-leading U.S. patient care."
About Syntec Optics
Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities across various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. As more products become light-enabled, Syntec Optics continues to add new product lines, including recent Low Earth Orbit (LEO) satellite optics for communications, AI data-center power, and reconnaissance, multi-spectral optics for deep tech, as well as display and sensing for Artificial Intelligence-driven AR/VR systems. According to SPIE, across the entire field of optics and photonics, the monetary value of all light-enabled products and related services accounts for over 15% of worldwide economic output (nearly $16 trillion of the total $106 trillion value of all finished goods and services produced worldwide in 2023). To learn more, visit www.syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
ROCHESTER, NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (NASDAQ: OPTX) (“Syntec Optics”), a premier provider of technology solutions for defense tech, space tech, and other vibrant end-markets, today announced a new order to modularize and expand its ballistic optics product line, launched earlier this year, for advanced AR/VR glasses. It is now being scaled to support the next build of wearables. With this expansion, Syntec further solidifies its role in a massive, multi-year initiative to equip U.S. warfighters with Artificial Intelligence-enhanced, superhuman perception and decision-making capabilities.
Developing a common architecture for a set of core elements creates multiple options, allowing for high customization at the endpoint. This modularization strategy is designed to potentially deliver comprehensive, connected warfare capabilities across all military forces and applications, enabling seamless data integration through advanced AI software. By expanding its contribution, Syntec is now positioned to support a broader family of AR glasses. These enabled AR systems provide critical tactical advantages to U.S. warfighters, such as six degrees of freedom, enhanced spatial awareness, night vision, and thermal fusion.
"Our warfighters operate in high-stakes, dangerous environments, and it is a privilege to support the modernization of their AR/VR capabilities," said Matt Carey, VP of Business Development and Delivery. "By tailoring these advanced optical solutions to meet the unique, mission-critical needs of each military branch and application, we are ensuring our military personnel have the decisive edge they need for the future."
Syntec is supplying custom ballistic optics engineered to protect the projection of mission-critical battlefield intelligence—including navigation routes and target identification—directly into the warfighter’s field of view.
“Our team is successfully executing on what remains the most significant growth opportunity in our 25-year history," said Dean Rudy, CFO. "It is a privilege to collaborate with industry-leading experts to deliver a high-performance solution that drastically enhances combat lethality. Supporting our warfighters with technology that synthesizes real-time data from drones, ground assets, and intelligent feeds—all integrated into AI-powered, mixed-reality night and thermal vision—is a core pillar of our mission."
In observance of the July 4th holiday, Syntec is proud to celebrate 250 years of American independence and the ongoing resurgence of U.S. advanced manufacturing.
The AR and VR market in defense was valued at USD 1.68 billion in 2025 and is forecast to reach USD 4.34 billion in 2030, growing at a 20.9% CAGR.
About Syntec Optics
Syntec Optics Holdings, Inc. (NASDAQ: OPTX), headquartered in Rochester, NY, is one of the nation’s largest custom manufacturers of high-precision optics and photonics. With over 25 years of operational excellence, Syntec Optics leverages a state-of-the-art, vertically integrated facility to deliver a distinct competitive advantage to mission-critical OEMs. As global demand for light-enabled technology accelerates, Syntec continues to expand its diverse product portfolio. Current innovations include high-performance optics for Low Earth Orbit (LEO) satellite communications, AI data center infrastructure, and deep-tech multispectral reconnaissance, alongside advanced sensing and display solutions for AI-driven AR/VR systems. Driven by the fact that light-enabled technologies now account for over 15% of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics is positioned at the forefront of the modern optical revolution. To learn more, visit www.syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
ROCHESTER, NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of deep-tech solutions for the defense, space, and other high-growth markets, today announced a 40% increase in orders for optical sub-systems powering advanced laser-guides for missiles. Laser guides provide military aircraft with precision-strike capabilities, enabling the neutralization of a wide range of targets with minimal collateral damage.
Strengthening Global Defense Capabilities
The new orders reflect an urgent need to replenish U.S. and allied military inventories with combat-proven, reliable technology.
“We continue to bolster U.S. military readiness and meet the increased requirements of our allied nations, ensuring they maintain a decisive edge in high-threat environments,” said Matt Carey, VP of Business Development and Delivery. “We are excited to enable cockpit-programmable optics that allow aircrews to select impact angles and attack directions, all in real-time. This provides unprecedented flexibility to engage fixed, moving, and re-locatable targets.”
Increase in Orders
Syntec Optics’ defense platform continues to scale, with order values growing since the company’s Q1 update.
“These orders ensure that our forces have the advanced capabilities they depend on,” said Dean Rudy, CFO of Syntec Optics. “Total order value has now surpassed $1.2 million, representing a 40% increase over the nearly $850,000 baseline reported and included in our Q1 defense platform announcement. We have already fulfilled about 23% of these current orders and anticipate continued growth as defense inventories are replenished globally.”
Precision Optics for Advanced Munitions
Syntec Optics provides the critical high-precision optics and opto-mechanical subsystems that allow munitions to “see” laser-designated targets. The company’s advanced manufacturing optics integrates seamlessly into the onboard processing systems that calculate flight path corrections. These corrections ultimately drive the nose-mounted fins and tail-section guidance systems, ensuring the hundreds of pounds of munitions maintain the necessary stability and maneuverability to reach their objective. For over two decades, Syntec has been at the forefront of manufacturing complex optics from difficult-to-work-with materials, making proven products in missile defense and national security.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest custom manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
ROCHESTER, NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (NASDAQ: OPTX) (“Syntec Optics”), a premier provider of deep tech solutions for defense and space modernization, today announced receipt of new orders for two additional windows, expanding its current product portfolio of ballistic-grade display windows for soldier Augmented Reality systems. As Artificial Intelligence is bringing more information to see and navigate the battlefield safely, Syntec is adding more product lines to its existing business of creating incredibly precise lenses that act like a smart screen and window, strong enough to protect a user’s eyes from debris or impact.
These new awards for additional products mark a significant expansion of the company’s role in U.S. military Augmented Reality (AR) modernization.
“As the market focuses on high-level Artificial Intelligence deployment, Syntec remains focused on the foundational ‘pick and shovel' infrastructure required to execute these capabilities,” said Dean Rudy, CFO of Syntec Optics. “Our successful execution on initial display-side windows has directly led to these additional product awards. The award encompasses separate windows for advanced eye-tracking and specialized illumination."
"We view these as the initiation of a decade-long supply program for next-generation domestically sourced and NDAA-compliant defense architecture," Rudy added.
Advanced Warfighter Capability
These newly commissioned optics are precision-engineered to protect high-fidelity eye tracking. Artificial Intelligence now knows exactly where a soldier is focusing in real time. Think of it as a smart video game HUD that shows only what you need, right when you need it. Instead of drowning the soldier in a messy pile of drone footage, heat maps, and 3D diagrams all at once, the AI acts like a smart filter. It watches where the soldier is looking and instantly highlights only the important things. So, if the soldier stares at a building, the system automatically pops up a clue indicating whether there might be any enemies hiding inside.
From Superhuman Vision to Action
By keeping the screen simple, the system prevents the brain from becoming exhausted by processing too much information at once. Because the soldier isn't distracted or confused by a messy screen, they can make faster, smarter, and safer decisions in a dangerous situation.
Syntec's products must be highly accurate to enable mission-critical AI tasks.
“Our ability to deliver on the mission-critical stringent requirements for windows in military wearables reinforces our position as an essential partner in domestically-sourced defense modernization,” said Matt Carey, Vice President of New Business Development and ex-Marine. “It is a privilege to collaborate with the nation’s top defense tech talent to provide the precision optics necessary to transform the future of the warfighter," he added.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest custom manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
Syntec Optics Holdings, Inc. (NASDAQ: OPTX - Get Free Report)'s share price fell 1.3% on Wednesday. The company traded as low as $8.20 and last traded at $8.31. 208,364 shares changed hands during trading, a decline of 63% from the average session volume of 569,615 shares. The stock had previously closed at $8.42. Analyst Upgrades
ROCHESTER, NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (NASDAQ: OPTX) (“Syntec Optics”), a premier provider of deep tech solutions for defense and space modernization, today announced that it has been included in the Russell 3000® Index. The final, fully validated list of index members was implemented at the opening of the U.S. equity markets on Monday, June 29, 2026. The company is scheduled to receive education on the Russell indexes on July 24, 2026.
There are thousands of companies in the U.S. stock market. The Russell 3000® is the ultimate roster of all the key businesses.
FTSE Russell has looked at all publicly listed companies and assessed that Syntec Optics belongs in an official group of potentially stable and well-performing enough to be tracked nationally. Because Syntec is in this index, major investment funds and larger investors around the world now automatically have the Company on their radar screens to own, generally bringing attention and credibility.
Russell 3000® is a vital indicator of the U.S. economy, providing insights and often favored by mutual fund and other investors as a comprehensive reflection of market opportunities.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
ROCHESTER, NEW YORK, July 29, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of deep tech for the defense, space, and other vibrant end-markets, today announced a major new production order to launch an additional space optics product line. This expansion addresses the urgent, rapidly growing market demand for advanced collision avoidance optics in low Earth orbit.
The space around Earth is like a super-busy highway, but instead of cars, it is filled with thousands of active satellites that give us internet on remote cruise ships and planes. However, this highway is also littered with millions of pieces of tiny space trash—old rocket parts and dead satellites. Because these pieces are zooming around at crazy-fast speeds (like 17,000 miles per hour), even a speck of debris can crash into a working satellite and destroy it.
Syntec Optics has orders to start building the specialized optics that enable "eyes" for satellites. In a crowded highway, these orders for a brand-new line of optics can help spot incoming debris and dodge out of the way before a crash happens. Syntec's expertise in making ultra-high optics is unique, and such mission-critical products require it.
Current Ground Control Problem
Space traffic control in the past has been led by our government programs that use giant radars and telescopes to track space junk from Earth. But this is like trying to spot a speeding bullet from miles away—we only get a blurry or delayed look at where things are.
The Danger
If two things crash in space, they smash into thousands of tiny, flying bullet pieces. Those pieces crash into other things, causing a chain reaction until the whole orbit is blocked by a dangerous cloud of debris.
The Big Shift
Instead of waiting for the Earth system to warn them, satellites need to look out for themselves using their own optics to spot danger and dodge it in real time. Syntec's contributions become mission-critical.
Earlier this year, Syntec worked on orders to make the very precise preforms, or blanks for such optics. For ultra-precise optics, starting blanks have to be super accurate as well. Now, the Company is stepping up to build the complete optics. By making these advanced and ultra-precise optics, Syntec can help satellites gain the sharp eyesight needed to dodge space junk and keep the space highway safe.
The challenge for our space economy is even bigger. Matt Carey, VP of Business Development, said, " There is another big problem: not just accidental junk, but also the risk that adverse nations intentionally create hazards of broken satellites in the shared neighborhood of low Earth orbit. Our Government leaders talk about this; we need to protect our satellites from both trash and potential conflicts. I am excited that Syntec Optics is stepping up to build optics that can enable satellites that have real-time data they need to spot danger instantly and dodge it, keeping space safe and secure for everyone."
"Syntec has already built thousands of optics links for satellites to communicate with each other and is getting really good at it," said Chief Financial Officer Dean Rudy. "Because we’ve already proven we can build high-tech optics reliably and in large numbers, and we have run some preliminary tests as well, we feel confident we can successfully build and scale production for these brand-new collision-avoidance optics too. We have the factory muscle and experience to make the space highway safer."
Orbital Radar projects that the general tracked debris is only the tip of the iceberg. Statistical models maintained by ESA and NASA estimate that there are approximately 1.2 million objects between 1 and 10 cm and more than 140 million fragments smaller than 1 cm. These smaller objects are currently impossible to track individually but are large enough to cause serious damage to satellites.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
ROCHESTER, NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of deep tech for the defense, space, AI data center, and other vibrant end-markets, today announced it hit a landmark milestone.
Syntec received a wave of new fusion orders—worth 7 times more than orders received late last year. Syntec continues to add industry-leading customers at the cutting-edge. In this recurring order, Syntec will make special optics used in the world's most compact, record-breaking fusion reactors that get way hotter than the Sun.
Computers that run artificial intelligence (AI) take up a mind-boggling amount of electricity. To help keep them running without hurting our communities and neighborhoods, big tech companies are turning to clean new forms of energy.
Why fusion? Unlike old-fashioned nuclear power plants that split atoms, fusion squeezes them together. If anything ever goes wrong, the machine just instantly turns off—meaning no meltdowns. Plus, it runs on ingredients we can easily get from ocean water, so we will never run out of fuel. Pioneers use powerful magnets like an invisible "bottle" to trap that super-hot, sun-like fire right in mid-air so it doesn't melt the whole machine.
Since entering the market over the past two years, Syntec has reached $4 million in orders for high-tech gear used in data centers—like fusion tech, super-accurate micro-connectors, and space-power sub-systems. To keep up the momentum, Syntec is allocating 5% of the factory just to build AI data center optics for the long haul.
For 25 years, the expert engineers at Syntec have been solving super-tough puzzles. For fusion reactors, Syntec cracked the code on making hyper-accurate optics that act like mission-critical eyes so pioneers can safely know the extreme conditions inside these glowing, burning fusion fires.
"Space optical links and AI-connected battlefield gear represent the cutting edge of modern growth," said Matt Carey. "Adding to our expanding portfolio, we proved in Q4 2025 that we have the mastery to deliver the extreme precision optics required for fusion energy."
Syntec is jumping into this massive market because building optics for these futuristic fusion reactors is a huge business opportunity that helps create limitless, clean energy for the future.
Dean Rudy, Syntec CFO, said, "Tech giants are purchasing millions of watts of fusion star power—and using next-level AI to hack the reactor controls to accelerate the production timeline. That’s a total game-changer, and that is why fusion optics is a significant part of our game plan."
Goldman Sachs estimates energy needs will double next year from 2025 levels. IDTechEx estimates investments in fusion energy have now jumped to $9 billion.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
ROCHESTER, NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of deep tech for the defense, space, AI data center, and other vibrant end-markets, today reported financial results for the second quarter ended June 30, 2026, where Defense and Space Tech product lines ramped to drive all-time high revenue, margin expansion, and increased earnings. Syntec products have a typical 6-8 year life cycle and yearly recurring revenues.
Earnings Call information:
Date: Wednesday, August 12, 2026
Time: 5:00 p.m. ET
Register in Advance (Required): https://us06web.zoom.us/meeting/register/dw9jrC8DSaW4EzSyA1vFAQ
(After registering, you will receive a confirmation email containing information about joining the meeting.)
Webcast: A recording of the conference call will be available under the Latest Events section on the Investors page of Syntec Optics’ website at www.syntecoptics.com.
Replay: A replay of the webcast will be available approximately three hours after the call concludes. It will remain accessible until Tuesday, August 26, 2026, in the Investor Relations section of Syntec Optics’ website at www.syntecoptics.com.
Management Commentary
Dean Rudy, Chief Financial Officer of Syntec Optics, commented:
"The second quarter represented an important inflection point for Syntec Optics. We delivered 26% year-over-year revenue growth, significantly expanded gross profit, returned to profitability, strengthened our balance sheet, and continued expanding our presence across multiple complementary growth markets. Most importantly, these results demonstrate that the operational improvements we have been implementing over the past year are beginning to translate into improved financial performance.
During the quarter, we completed our public equity offering, generating approximately $21.4 million in net proceeds. We used a portion of those proceeds to eliminate our revolving line of credit while ending the quarter with approximately $14 million in cash. Today, we have the financial flexibility to invest in advanced manufacturing capabilities, expand alongside our blue-chip customers, and pursue complementary strategic opportunities that enhance long-term shareholder value.”
Financial Highlights
Revenue Growth
Revenue increased 26% to $8.3 million, compared to $6.6 million in the second quarter of 2025.Growth was driven primarily by communications (+74%), defense (+36%), and consumer (+23%) markets, while biomedical revenue returned to more normalized run rates compared to the first quarter of 2026. Management believes this increasingly balanced revenue mix reflects continued execution of the Company's strategy to diversify across multiple high-growth technology platforms while reducing dependence on any single end market. Profitability
Gross profit increased 34% to $2.1 million.Gross margin expanded to 26%, compared to 24% in the prior-year quarter and 15% in the first quarter of 2026. The company is targeting an increase to 35%-40%, seen in the past, as revenue increases with an improved cost structure. With both efforts to decrease COGS and SG&A, EBITDA is targeted in the 18-20% range, as demonstrated in the past. Operating income improved to $0.3 million, compared to an operating loss of $(0.1) million last year. Net income improved to $0.3 million, or $0.01 per share, compared to a net loss of $(0.3) million, or $(0.01) per diluted share, in the prior-year quarter. Liquidity
The quarter ended with approximately $14.0 million in cash and cash equivalents, compared to $0.4 million at December 31, 2025.Repaid approximately $6.8 million of indebtedness, eliminating the Company's revolving line of credit and resulting in reduced current liabilities by approximately 56%, from $11.2 million to $5.0 million, while reducing total liabilities by approximately 43%, from $14.8 million to $8.4 million. Generated positive operating cash flow during the first six months of 2026.Successfully completed a public equity offering generating approximately $21.4 million in net proceeds. Management believes the Company's transformed balance sheet provides the financial flexibility to accelerate investments in advanced manufacturing equipment, automation, metrology, and technical capabilities needed to support the expanding technology roadmaps of its blue-chip customers. The strengthened capital position also enhances Syntec's ability to evaluate complementary strategic opportunities that can broaden its technology portfolio and create long-term shareholder value.
Expanding Customer Relationships and Solidifying our Market Position
Matt Carey, Vice President of Business Development and Delivery, commented:
"One of the most encouraging trends we're seeing is that customers continue expanding Syntec's participation within their technology platforms. Rather than simply winning isolated new programs, we're increasing the number of products we manufacture for existing customers while simultaneously entering adjacent technologies. That expansion reflects years of investment in building one of the industry's broadest vertically integrated optical manufacturing capabilities."
Business Highlights
Space Tech
Increased production throughput on Low Earth Orbit satellite optics.Expanded recent production awards for optical communications products to approximately $4.3 million.Added a new production program supporting orbital collision-avoidance optics. Defense Tech
Expanded missile guidance programs.Increased missile laser guidance orders by approximately 40%.Expanded AI-enabled military AR/VR wearable product portfolio.Added new ballistic display window products supporting U.S. defense modernization. Biomedical & Life Sciences
Secured a $4.6 million follow-on production order supporting critical-care diagnostics. AI Infrastructure
Since entering the AI infrastructure market approximately two years ago, the Company has accumulated approximately $4 million in orders for products supporting AI data centers, including advanced optical interconnects, fusion-energy systems, and related technologies. Operational Highlights
Continued improving manufacturing throughput, automation, yield, and production efficiency, contributing to higher gross margins.Invested approximately $0.7 million during Q2 in additional manufacturing equipment while expanding production staffing to support anticipated customer demand.Multiple development programs advanced toward full production, strengthening the Company's future revenue pipeline. Outlook
Management expects operational momentum to continue during the second half of 2026 as multiple production programs continue ramping. For the third quarter of 2026, the Company expects revenue between $8.3 million and $9.0 million, driven primarily by biomedical production, AI-enabled AR/VR micro-camera systems, and prototype engineering activity supporting future production programs.For the fourth quarter, the Company expects revenue between $8.75 million and $9.25 million, supported by continued expansion in Low Earth Orbit satellite optics, advanced optical interconnects, and initial production activity supporting emerging fusion-energy systems. Beyond our near-term operating outlook, management continues evaluating opportunities to accelerate Syntec's long-term growth strategy through disciplined investment in advanced manufacturing capabilities, expansion of our technology platform, and other strategic initiatives that further strengthen the Company's competitive position.
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)
SYNTEC OPTICS HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
JUNE 30, 2026 AND DECEMBER 31, 2025
2026
(unaudited) 2025 ASSETS Current Assets Cash $14,047,104 $358,867 Accounts Receivable, Net 7,261,303 6,241,768 Inventory 7,578,694 7,884,943 Prepaid Expenses and Other Assets 763,851 655,827 Total Current Assets 29,650,952 15,141,405 Property and Equipment, Net 9,187,500 9,172,703 Total Assets $38,838,452 $24,314,108 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities Accounts Payable $2,058,881 $2,691,748 Accrued Expenses 981,993 683,397 Federal Income Tax Payable 169,582 169,582 Deferred Revenue 816,134 66,420 Line of Credit - 6,763,863 Current Maturities of Debt Obligations 95,718 93,358 Current Maturities of Debt Obligations - Related Party 473,206 406,495 Current Maturities of Finance Lease Obligations 369,082 354,499 Total Current Liabilities 4,964,596 11,229,362 Long-Term Liabilities Long-Term Debt Obligations 1,231,040 1,267,043 Long-Term Debt Obligations - Related Party 957,721 862,237 Long-Term Finance Lease Obligations 1,209,916 1,414,611 Total Long-Term Liabilities 3,398,677 3,543,891 Total Liabilities 8,363,273 14,773,253 Commitments and Contingencies - Stockholders’ Equity CL A Common Stock, Par value $.0001 per share; 121,000,000 authorized; 40,279,878 issued and outstanding as of June 30, 2026; 36,920,226 issued and outstanding as of December 31, 2025; 4,028 3,692 Additional Paid-In Capital 24,252,789 2,677,181 Retained Earnings 6,218,362 6,859,982 Total Stockholders’ Equity 30,475,179 9,540,855 Total Liabilities and Stockholders’ Equity $38,838,452 $24,314,108 SYNTEC OPTICS HOLDINGS, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net Sales $8,273,858 $6,559,455 $14,787,224 $13,628,497 Cost of Goods Sold 6,130,794 4,961,489 11,683,368 9,721,913 Gross Profit 2,143,064 1,597,966 3,103,856 3,906,584 General and Administrative Expenses 1,821,676 1,744,216 3,558,515 3,524,382 Income (Loss) from Operations 321,388 (146,250) (454,659) 382,202 Other (Expense) Income Other Income 78,182 11,298 147,482 16,995 Interest Expense, Including Amortization of Debt Issuance Costs (143,333) (208,969) (334,443) (409,865) Total Other Expense (65,151) (197,671) (186,961) (392,870) Income (Loss) Before Provision for (Benefit) Income Taxes 256,237 (343,921) (641,620) (10,668) Provision for Income Taxes - - - 9,588 Net Income (Loss) $256,237 $(343,921) $(641,620) $(20,256) Net Income (Loss) per Common Share Basic and diluted $0.01 $(0.01) $(0.02) $0.00 Weighted Average Number of Common Shares Outstanding Basic and diluted 39,191,966 36,920,226 38,078,711 36,920,226 SYNTEC OPTICS HOLDINGS, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025
2026 2025 Cash Flows From Operating Activities Net Loss $(641,620) $(20,256)Adjustments to Reconcile Net Loss to Net Cash Provided By Operating Activities: Depreciation 1,072,164 1,387,427 Amortization of Debt Issuance Costs 12,416 4,834 Stock-Based Compensation 150,000 - Change in Allowance for Expected Credit Losses 135,611 75,727 Change in Reserve for Obsolescence (13,107) (18,881)Changes in Operating Assets and Liabilities: Accounts Receivable (1,155,146) (374,827)Inventory 319,356 (1,020,458)Prepaid Expenses and Other Assets (108,024) 275,288 Accounts Payables and Accrued Expenses (350,747) (344,470)Federal Income Tax Payable - 179,376 Deferred Revenue 749,714 (2,519)Net Cash Provided By Operating Activities 170,617 141,241 Cash Flows From Investing Activities Purchases of Property and Equipment (1,070,485) (604,772) Net Cash Used in Investing Activities (1,070,485) (604,772) Cash Flows From Financing Activities Borrowing (Repayments) on Line of Credit, Net (6,763,863) 500,000 Borrowing on Debt Obligations - Related Parties 200,000 - Repayments on Debt Obligations (46,059) (231,430)Repayments on Debt Obligations - Related Parties (37,805) - Repayments on Finance Lease Obligations (190,112) (116,741)Gross Proceeds from issuance of common stock 23,000,003 - Payment of common stock issuance costs (1,574,059) - Net Cash Provided By Financing Activities 14,588,105 151,829 Net Increase (Decrease) in Cash 13,688,237 (311,702) Cash - Beginning 358,867 598,787 Cash - Ending $14,047,104 $287,085 Supplemental Cash Flow Disclosures: Cash Paid for Interest $105,411 $409,579 Cash Paid for Taxes $- $- Supplemental Disclosures of Non-Cash Investing Activities: Assets Acquired and Included in accounts payable $16,476 $40,362 Issuance of common stock for stock-based compensation $7 $23 NON-GAAP RECONCILIATION OF EBITDA
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net (Loss) Income $256,237 $(343,921) $(641,620) $(20,256)Stock-Based Compensation Expense BOD (1) 75,000 150,000 Depreciation 532,482 676,623 1,072,164 1,387,427 Amortization of Debt Issuance Costs 8,246 2,418 12,416 4,834 Interest (Earned) Expense (54,303) 207,623 105,411 409,579 Taxes - - 9,588 Non-Recurring Items Executive Transition (2) - 135,246 - 249,189 One-time Contract exit costs - 11,750 - 21,063 Non-recurring property damage - - 23,211 21,261 Adjusted EBITDA $817,662 $689,739 $721,582 $2,082,685 In the quarters ended June 30, 2026 and 2025:
(1)Stock-based compensation was issued to independent Board members.(2)A succession plan was required for the transition of the CEO at the 2024 year-end.
Shares of Syntec Optics Holdings, Inc. (OPTX - Free Report) have gained 12.3% since the company reported its earnings for the quarter ended June 30, 2026, outperforming the S&P 500 index’s 0.3% decline over the same period. Over the past month, Syntec Optics shares have advanced 7.9% compared with the S&P 500’s 1.4% increase.
Syntec Optics reported second-quarter 2026 net income of 1 cent per share against a net loss of 1 cent per share a year earlier.
Revenues of $8.3 million denoted a 26% rise from $6.6 million in the year-ago quarter.
Net income was $0.3 million against a net loss of $0.3 million a year earlier. Gross profit increased 34% year over year to $2.1 million, while gross margin expanded to 26% from 24%. Operating income improved to $0.3 million from an operating loss of $0.1 million in the prior-year period.
Other Key Business MetricsRevenue growth was broad-based across several end markets. Communications revenues increased 74% year over year, while defense and consumer revenues rose 36% and 23%, respectively. Biomedical revenues returned to more normalized levels compared with the first quarter of 2026.
Within Space Tech, Syntec increased production throughput for Low Earth Orbit satellite optics and expanded recent production awards for optical communications products to approximately $4.3 million. It also added a production program for orbital collision-avoidance optics. Defense Tech benefited from expanded missile guidance programs, with missile laser guidance orders increasing approximately 40%, alongside additions to military AR/VR wearable and ballistic display window products. The company also secured a $4.6 million follow-on production order in critical-care diagnostics. Since entering AI infrastructure roughly two years ago, Syntec has accumulated approximately $4 million in orders supporting AI data centers and related technologies.
Management CommentaryCFO Dean Rudy characterized the quarter as an important inflection point, citing revenue growth, gross-profit expansion, a return to profitability and balance-sheet improvement. Management said operational improvements implemented during the past year are beginning to translate into better financial performance. The company also believes its strengthened financial position gives it greater flexibility to invest in advanced manufacturing capabilities and support expansion alongside customers.
Vice president of business development and delivery Matt Carey highlighted expanding participation within existing customer technology platforms. According to management, Syntec is increasing the number of products manufactured for existing customers while also entering adjacent technologies, rather than relying solely on isolated new program wins.
Factors Influencing the Headline NumbersHigher manufacturing throughput, automation, yields and production efficiency contributed to the gross-margin improvement. Syntec invested approximately $0.7 million in additional manufacturing equipment during the quarter and expanded production staffing to support anticipated demand. Multiple development programs also moved closer to full production.
The balance sheet improved substantially following the equity raise. Cash and cash equivalents stood at approximately $14 million at quarter-end, compared with $0.4 million at Dec. 31, 2025. Syntec repaid approximately $6.8 million of indebtedness, eliminating its revolving credit line.
Total assets increased to $38.8 million as of June 30, 2026, from $24.3 million at Dec. 31, 2025.
Long-term debt obligations were $1.2 million compared with $1.3 million at 2025-end. Total stockholders’ equity rose to $30.5 million, compared with $9.5 million at Dec. 31, 2025.
Net cash provided by operating activities was $0.2 million during the first six months of 2026 compared with $0.1 million in the year-ago period.
GuidanceManagement expects operating momentum to continue in the second half of 2026 as production programs ramp. Third-quarter revenues are projected between $8.3 million and $9 million, driven mainly by biomedical production, AI-enabled AR/VR micro-camera systems and prototype engineering activity. Fourth-quarter revenues are expected between $8.75 million and $9.25 million, supported by Low Earth Orbit satellite optics, advanced optical interconnects and initial production activity related to emerging fusion-energy systems.
Other DevelopmentsSyntec completed a public equity offering during the quarter that generated approximately $21.4 million in net proceeds. A portion of the proceeds was used to eliminate the revolving line of credit, with the remaining capital providing additional resources for manufacturing investment and potential complementary strategic opportunities.
Up 775% in 5 Months, How Much Higher Can Syntec Optics Go?Syntec Optics NASDAQ: OPTX reported record second-quarter revenue for 2026, returning to operating and net profitability as sales increased across its medical, defense, consumer and communications markets.
Revenue for the quarter totaled approximately $8.3 million, up 26% from approximately $6.6 million in the second quarter of 2025. Chief Financial Officer Dean Rudy said the quarter represented an “important operating inflection point” for the company, citing higher production volumes, expanding customer programs and a strengthened balance sheet.
Get Syntec Optics alerts:
Gross profit rose 34% year over year to approximately $2.1 million, while gross margin expanded to 26% from 24% a year earlier and 15% in the first quarter of 2026. Controller Paul Opella attributed the sequential margin improvement to higher production volumes and progress in manufacturing throughput, automation, yield and production efficiency.
Operating income was approximately $0.3 million, compared with an operating loss of approximately $0.1 million in the prior-year quarter. Net income was also approximately $0.3 million, or $0.01 per share, compared with a net loss of approximately $0.3 million, or $0.01 per diluted share, in the second quarter of 2025. EBITDA amounted to approximately 11% of revenue, according to the company.
Diversified Revenue Mix Medical remained Syntec’s largest market in the quarter, generating approximately $2.8 million, or 34% of total revenue. Defense and consumer each contributed approximately $1.9 million, or 23% of revenue, while communications contributed approximately $1.6 million, or 20%.
Opella said the company generated meaningful year-over-year growth in each end market, led by communications and defense. Management said the mix demonstrates that its growth is supported by multiple technology platforms rather than a single customer or market.
Rudy said Syntec is seeing customers expand the number of products and technologies they source from the company. The business is pursuing activity in satellite optics, optical communications, missile guidance and defense applications, critical-care diagnostics, and advanced optical interconnect technologies.
The company also discussed its role in infrastructure supporting artificial intelligence-related computing demand. Rudy said Syntec participates in technologies tied to emergency power sources, including space-based solar applications and fusion energy systems, as well as products supporting optical interconnects and micro-connectivity in data centers.
In space-related markets, the company said it has more than 20,000 optical links deployed in space. It has also added a program involving optical technology intended to help detect orbital debris and support collision avoidance.
Balance Sheet Strengthened by Equity Offering During the quarter, Syntec completed a public equity offering that generated approximately $21.4 million in net proceeds. The company used part of the proceeds to repay approximately $6.8 million of indebtedness and eliminate its revolving line of credit balance.
Cash and cash equivalents stood at approximately $14 million as of June 30, compared with approximately $0.4 million at Dec. 31, 2025. Current liabilities declined 56% to approximately $5 million from $11.2 million at year-end, while total liabilities fell approximately 43% to $8.4 million from $14.8 million.
Syntec also generated positive operating cash flow during the first six months of 2026. The company invested approximately $700,000 during the second quarter in additional manufacturing equipment and expanded production staffing to support anticipated demand.
Rudy said the stronger financial position gives Syntec greater flexibility to add manufacturing capacity, equipment, automation and technical capabilities as customer production programs expand. He also said the company is evaluating complementary strategic opportunities that could broaden its technology portfolio, customer relationships or manufacturing capabilities.
Revenue Outlook Calls for Further Growth For the third quarter of 2026, Syntec expects revenue of $8.3 million to $9 million. The forecast is primarily supported by biomedical production, AI-enabled augmented reality and virtual reality micro-camera systems, and prototype engineering work tied to future production programs.
For the fourth quarter, the company expects revenue between $8.75 million and $9.25 million, with support from low-Earth-orbit satellite optics, advanced optical interconnects and initial production activity related to emerging fusion energy systems.
Management said its second-half priorities include executing current production ramps, improving manufacturing economics, selectively investing behind customer demand, moving development programs into recurring production and assessing strategic growth opportunities. Rudy said the company continues to target additional margin improvement as revenue, throughput, automation, yields and its cost structure advance.
About Syntec Optics (NASDAQ:OPTX)Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.
In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Syntec Optics Right Now?Before you consider Syntec Optics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Syntec Optics wasn't on the list.
While Syntec Optics currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Syntec Optics (NASDAQ:OPTX) reported record second-quarter revenue for 2026, returning to operating and net profitability as sales increased across its medical, defense, consumer and communications markets.
Revenue for the quarter totaled approximately $8.3 million, up 26% from approximately $6.6 million in the second quarter of 2025. Chief Financial Officer Dean Rudy said the quarter represented an “important operating inflection point” for the company, citing higher production volumes, expanding customer programs and a strengthened balance sheet.
Gross profit rose 34% year over year to approximately $2.1 million, while gross margin expanded to 26% from 24% a year earlier and 15% in the first quarter of 2026. Controller Paul Opella attributed the sequential margin improvement to higher production volumes and progress in manufacturing throughput, automation, yield and production efficiency. Operating income was approximately $0.3 million, compared with an operating loss of approximately $0.1 million in the prior-year quarter. Net income was also approximately $0.3 million, or $0.01 per share, compared with a net loss of approximately $0.3 million, or $0.01 per diluted share, in the second quarter of 2025. EBITDA amounted to approximately 11% of revenue, according to the company.
Diversified Revenue Mix Medical remained Syntec’s largest market in the quarter, generating approximately $2.8 million, or 34% of total revenue. Defense and consumer each contributed approximately $1.9 million, or 23% of revenue, while communications contributed approximately $1.6 million, or 20%.
Opella said the company generated meaningful year-over-year growth in each end market, led by communications and defense. Management said the mix demonstrates that its growth is supported by multiple technology platforms rather than a single customer or market.
Rudy said Syntec is seeing customers expand the number of products and technologies they source from the company. The business is pursuing activity in satellite optics, optical communications, missile guidance and defense applications, critical-care diagnostics, and advanced optical interconnect technologies.
The company also discussed its role in infrastructure supporting artificial intelligence-related computing demand. Rudy said Syntec participates in technologies tied to emergency power sources, including space-based solar applications and fusion energy systems, as well as products supporting optical interconnects and micro-connectivity in data centers.
In space-related markets, the company said it has more than 20,000 optical links deployed in space. It has also added a program involving optical technology intended to help detect orbital debris and support collision avoidance.
Balance Sheet Strengthened by Equity Offering During the quarter, Syntec completed a public equity offering that generated approximately $21.4 million in net proceeds. The company used part of the proceeds to repay approximately $6.8 million of indebtedness and eliminate its revolving line of credit balance.
Cash and cash equivalents stood at approximately $14 million as of June 30, compared with approximately $0.4 million at Dec. 31, 2025. Current liabilities declined 56% to approximately $5 million from $11.2 million at year-end, while total liabilities fell approximately 43% to $8.4 million from $14.8 million.
Syntec also generated positive operating cash flow during the first six months of 2026. The company invested approximately $700,000 during the second quarter in additional manufacturing equipment and expanded production staffing to support anticipated demand.
Rudy said the stronger financial position gives Syntec greater flexibility to add manufacturing capacity, equipment, automation and technical capabilities as customer production programs expand. He also said the company is evaluating complementary strategic opportunities that could broaden its technology portfolio, customer relationships or manufacturing capabilities.
Revenue Outlook Calls for Further Growth For the third quarter of 2026, Syntec expects revenue of $8.3 million to $9 million. The forecast is primarily supported by biomedical production, AI-enabled augmented reality and virtual reality micro-camera systems, and prototype engineering work tied to future production programs.
For the fourth quarter, the company expects revenue between $8.75 million and $9.25 million, with support from low-Earth-orbit satellite optics, advanced optical interconnects and initial production activity related to emerging fusion energy systems.
Management said its second-half priorities include executing current production ramps, improving manufacturing economics, selectively investing behind customer demand, moving development programs into recurring production and assessing strategic growth opportunities. Rudy said the company continues to target additional margin improvement as revenue, throughput, automation, yields and its cost structure advance.
About Syntec Optics (NASDAQ:OPTX) Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.
In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.
Key Takeaways Defense, space, AI intrastructure and the cloud are verticals with momentum.OPTX and ATGN compete in these verticals. Defense, space, AI infrastructure, and cloud offerings are verticals that are consistently popping up as strong demand footholds.
Here we highlight 2 microcaps catering to these verticals.
Syntec Optics Holdings, Inc. (OPTX - Free Report) is a vertically integrated manufacturer of optics and photonics components and sub-systems, including optical elements, opto-mechanical components, and electro-optics assemblies for mission-critical applications.
Image Source: Zacks Investment Research
Importantly, Syntec Optics Holdings, Inc. (OPTX - Free Report) has demonstrated an ability to execute by converting developmental programs into new commercial product lines.
In our microcap universe, this company may have the most interesting portfolio of products, solving real world problems via light waves. Some products include the following. New products for satellite collision-avoidance. Microconnectors for data centers. Space-to-Earth solar technology. Orbital AI-compute assemblies. Products for surgical robots and DNA sequencing. AR/VR military applications including advanced eye tracking and specialized illumination.
In some ways, Syntec is bringing science fiction to life. They even have products for nuclear fusion reactors. And their more legacy segment of biomedical products, in the form of laser blood-test cartridges, measure blood gases as well as hemoglobin, electrolytes, and metabolites faster than typical labs, providing critical data in acute care settings.
So why the Neutral rating? While topline growth has been strong (26% YOY last quarter), it has not been parabolic. The guidance for the next 2 quarters implies FY26 sales growth of about 16% for the Fiscal Year. And the stock trades at a TTM EV/Sales multiple of 11x.
While the market seems to disagree, facilitating a recent $20 m raise at $7/share, we prefer to stay on the sidelines for the moment.
The other microcap, Altigen Communications, Inc. (ATGN - Free Report) , is a Microsoft Independent Software Vendor (ISV), Cloud Solutions Provider (CSP), and Consulting Services vendor. Altigen Communications (ATGN - Free Report) specializes in integrated business communications solutions, with a primary focus on Unified Communications as a Service (UCaaS), Contact Center as a Service (CCaaS), customer self-service, and technology consulting.
Image Source: Zacks Investment Research
Several of the large tech players have been reporting positive results in their cloud businesses related to AI so it is worth investigating ATGN. The company has been deliberately transitioning from its legacy on-premises products to the cloud.
The application of AI to customer service via virtual agents seems like a natural fit.
Importantly, the company is going after larger fish vs. a previous customer base of smaller enterprises. And the strategy is yielding some early success as the company recorded its largest ever customer cloud win in the last quarter.
Lack of consistent topline growth keeps us on the sidelines at present with a Neutral rating. But the bet is that the company continues to execute larger deals which could lead to step-up revenue growth.
The stock is currently trading at 0.79X trailing 12-month EV/sales value, which compares to 8.85X for the Zacks sub-industry, 8.44X for the Zacks sector and 5.73X for the S&P 500 index.
Over the past five years, the stock has traded as high as 4.24X and as low as 0.48X, with a five-year median of 1.05X.
ROCHESTER, NEW YORK, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of deep tech for the defense, space, AI data centers, and other vibrant end-markets, today announced a new order to build specialized high-tech waveguides for space satellites. After working on it for the past six months, Syntec is now ramping up to build and ship the product every week.
Syntec is making advanced antenna feeds that let satellites talk using several different channels, all at the same time. Usually, satellites need a whole bunch of different antennas, but when you work with some of the best talent in the nation as a customer, it is all done in one. However, for this to work, the inside has to be made into a shape with super-precise curves and tunnels so the signals don't get lost or scrambled in space. Every little curve and thickness has to be exact to make sure the communication is reliable and works perfectly in low Earth orbit.
Matt Carey, vice president of business development at Syntec, said, "Because we already know how to make thousands of optics for communication satellites, we are ready to help with this urgent demand." He added, "Our team is super excited to scale production. The company continues to add several expert engineers who are ready to contribute."
"We were exceptionally pleased to welcome an industry-leading customer to our facility this week and receive the orders to scale our production line," stated Dean Rudy, Chief Financial Officer. "Our space antenna portfolio, featuring our previously announced stability product, can deliver in excess of a million in revenue annually. Following our capital raise, the retirement of commercial bank debt last quarter, and our recent transition to a local prominent audit firm, the finance infrastructure is ideally positioned to shift my team's workload towards business growth."
About Syntec Optics
Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced connected-battlefield defense platforms, AI data centers, and life sciences. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution.
For more information, visit syntecoptics.com.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law.
