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 margins and higher net income, despite order delays from government contract and funding issues. Leadership transitioned to Chad George as CEO, and the company targets continued double-digit growth in 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.