Optex Systems Holdings Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose 11.6% year-over-year, driven by strong Optex-Richardson growth, while gross margin declined due to legacy contracts and higher G&A. Backlog remains robust at $37.9 million, with margin and profitability improvements expected as new programs ramp up.
Fiscal Year 2025
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Revenue grew 21.6% year-over-year with improved gross margin and a 47.9% increase in operating income. CEO transition was completed, and order delays were noted due to government funding issues, but double-digit growth is targeted for 2026.
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Revenue and net income grew over 20% year-over-year, driven by strong periscope and military laser filter demand. Backlog rebounded to $45 million after new contract wins, and cash on hand reached $6 million, with no debt and flexible capital allocation options.