OPTX

MKT CAP:$363M

Syntec Optics Holdings, Inc.

Market Cap

$363M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$10.32+$7.19 (+229.71%)

Apr 23, 2026

Company Details

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 de...

CEO

Al Kapoor

IPO Date

Jan 26, 2022

Website

www.syntecoptics.com

Key Metrics TTM

Revenue

$28M

+0.6% YoY

Net Income

-$3M

EPS (Diluted)

-$0.08

Free Cash Flow

$44.9K

Revenue / Share

$0.76

Gross Margin

20.6%

Operating Margin

-8.1%

Net Margin

-10.7%

FCF Margin

0.2%

P/S

13.0x

P/E

—

Earnings Reports

FY 2025

Mar 31, 2026

$28M-1.3%EPS -$0.05

Q3 2025

Nov 13, 2025

$7M-11.6%EPS -$0.04

Q2 2025

Oct 3, 2025

$7M-6.4%EPS -$0.01

Q1 2025

Oct 3, 2025

$7M+13.0%EPS $0.01

FY 2024

Oct 3, 2025

$28M-3.4%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$7M	$2M	$193.7K
Q2 23	$8M	$2M	$767.4K
Q3 23	$7M	$2M	$529.2K
Q1 24	$6M	$707.4K	-$1M
Q2 24	$7M	$2M	$158.5K
Q3 24	$8M	$2M	$106.2K
Q4 24	$7M	$986.8K	-$1M
Q1 25	$7M	$2M	$528.5K
Q2 25	$7M	$2M	-$146.3K
Q3 25	$7M	$854.4K	-$1M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q1 24	5.2x	—
Q2 24	3.8x	—
Q3 24	1.6x	—
Q4 24	4.3x	—
Q1 25	1.5x	—
Q2 25	1.7x	—
Q3 25	2.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$274.0K	-$274.0K
Q1 23	$526.7K	$299.9K
Q2 23	$60.9K	-$540.5K
Q3 23	$517.2K	$365.9K
Q1 24	-$289.8K	-$385.1K
Q2 24	-$2M	-$2M
Q3 24	$417.3K	$43.8K
Q4 24	$623.8K	$12.1K
Q1 25	$299.3K	$84.6K
Q2 25	-$158.0K	-$548.1K
Q3 25	$535.3K	$496.3K

Capital Expenditures

Quarter	CapEx
Q4 21	$3
Q1 23	$226.9K
Q2 23	$601.4K
Q3 23	$151.3K
Q1 24	$95.2K
Q2 24	$159.5K
Q3 24	$373.5K
Q4 24	$611.6K
Q1 25	$214.7K
Q2 25	$390.0K
Q3 25	$39.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 24	+1.8%	+2.3%
Q3 24	+2.3%	+12.1%
Q4 24	+10.9%	+44.2%
Q1 25	+13.0%	-14.6%
Q2 25	-6.4%	-2.1%
Q3 25	-11.6%	+5.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	—
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$2M
Q2 23	$2M
Q3 23	$1M
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$2M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M

Revenue Segments

Quarter	Products
Q3 25	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$177.3K	$0	$177.3K
Q2 22	$283.1K	$0	$283.1K
Q3 22	$190.0K	$0	$190.0K
Q4 22	$117.5K	$0	$117.5K
Q1 23	$7.1K	$0	$7.1K
Q2 23	$467.8K	$0	$467.8K
Q3 23	$325.1K	$0	$325.1K
Q4 23	$2M	$0	$2M
Q1 24	$2M	$0	$2M
Q2 24	$830.5K	$0	$830.5K
Q3 24	$476.8K	$0	$476.8K
Q4 24	$598.8K	$0	$598.8K
Q1 25	$540.9K	$0	$540.9K
Q2 25	$287.1K	$0	$287.1K
Q3 25	$577.9K	$0	$577.9K
Q4 25	$358.9K	$0	$358.9K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	32M	—	—
Q2 23	32M	0.0%	—
Q3 23	32M	0.0%	—
Q1 24	37M	+16.1%	—
Q2 24	37M	0.0%	+16.1%
Q3 24	37M	0.0%	+16.1%
Q4 24	37M	0.0%	+16.1%
Q1 25	37M	+0.6%	+0.6%
Q2 25	37M	0.0%	+0.6%
Q3 25	37M	0.0%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$46.0K	159
Q1 25	$44.5K	159
Q2 25	$41.3K	159
Q3 25	$43.7K	159

Revenue / Employee