Author: Optex Systems Holdings, Inc.

  • Optex Systems Holdings, Inc. Announces Financial Highlights for the Three Months Ended December 28, 2025

    Optex Systems Holdings, Inc. Announces Financial Highlights for the Three Months Ended December 28, 2025

    RICHARDSON, TX / ACCESS Newswire / February 11, 2026 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced financial results for the three months ended December 28, 2025.

    Chad George, CEO of Optex Systems Holdings, Inc., commented, “Sales increased compared to the prior year quarter due to an increase in periscope demand, as well as an increase in our new product development activities for the XM30 program. Margins compressed due in large part to a loss reserve that we had to realize for the gold usage on the Abrams day window program. The price of gold has increased by over 250% over the last three years which is causing margin erosion on this 5 year old IDIQ contract. We do not expect the lower gross profit to continue through the balance of 2026, as our old legacy periscope contracts roll off and are replaced with more favorable pricing in our current backlog.

    We also incurred $0.3 million of non-recurring costs within general and administrative expenses associated with the CEO transition as well as with the retirement of two other senior level employees. We expect G&A spending to remain at a higher level during 2026, as we invest in research and development to drive new product lines and capabilities at Optex. Increased defense spending is driving additional demand for opto-mechanical assemblies, and we are increasing our investment to meet this anticipated demand. Long-term, we expect our margins to be in line with our prior year’s performance as this additional spending is expected to be offset by higher margins on our legacy programs and continued revenue growth.”

    For the three months ended December 28, 2025, our total revenues increased by $0.9 million, or 11.6%, compared to the prior year period. The increase in revenue was primarily driven by increased revenue at the Optex Richardson segment, partially offset by decreased revenue at the Applied Optics Center segment.

    Optex Richardson revenue increased by $1.9 million or 55.9% for the three months ended December 28, 2025 as compared to the prior year period with increased production levels on the periscope product line combined with higher sighting system deliveries against our new XM30 display periscope assemblies and higher customer demand for muzzle reference systems and big eye binoculars in our other product group.

    Applied Optics Center revenue decreased by $1.0 million or 20.1% for the three months ended December 28, 2025 as compared to the prior year period. The revenue decrease is primarily attributable to lower customer demand for laser filters and optical assemblies. We expect revenues to increase across laser filters and optical assemblies during the second half of fiscal year 2026 based on new order bookings and anticipated contract awards.

    Consolidated gross profit for the three months ended December 28, 2025 was slightly lower during the current year period as compared to the prior year period a higher mix of shipments against our legacy long-term loss contracts combined with changes in mix between segments and product lines combined. During the current year three-month period the Applied Optics Center realized increased cost of sales due to contract loss reserves which was driven by higher usage and the price of gold applied during the coating process on one of its product lines. The lower gross profit for the Applied Optics Center segment was somewhat offset by improved gross profit at the Optex Richardson segment on higher revenue, changes in product mix, improved labor performance on our periscope line and a reduction in loss contract deliveries as the long-term loss contracts have been completed or are nearing completion. The consolidated gross margin percentage decreased from 26.0% to 22.9% in the current year three-month period as compared to the prior year three-month period. We anticipate higher revenues and gross profits for both segments during the second through fourth quarters of fiscal year 2026, as the long-term loss contract for Optex Richardson is nearing completion and has been replaced with more favorably priced orders and revenues are shifting at the Applied Optics Center toward more profitable product lines.

    During the three months ended December 28, 2025 and December 29, 2024, we recorded operating expenses of $1.9 million and $1.2 million, respectively. Operating expenses increased by 58.3% over the prior year period primarily due to increased labor and fringes of $0.5 million, increased stock compensation of $0.1 million and increased legal and IT service costs of $0.1 million. During the three-month period ended December 28, 2025, the Company incurred $0.3 million in increased general and administrative costs associated with higher salaries and fringes for Chad George, serving as President of Optex Systems Holdings. Danny Schoening retired as Chief Executive Officer effective on December 20, 2025, at which time Chad George assumed the role of the Company CEO. In addition, during the three-month period ending December 28, 2025, there were two senior level positions that were double staffed as retiring employees were training their hired replacements. With the resignation of Danny Schoening in December, and the retirement of the two senior level employees in early January 2026, we do not expect these expenses to recur beyond the first three months of fiscal year 2026.

    During the three months ended December 28, 2025, we recorded operating income of $0.1 million, as compared to operating income of $0.9 million during the three months ended December 29, 2024. The $0.8 million decrease in operating income is primarily due to lower gross profit and higher general and administrative costs.

    During the three months ended December 28, 2025, we recorded net income applicable to common shareholders of $0.2 million as compared to net income applicable to common shareholders of $0.8 million during the three months ended December 29, 2024. The $0.6 million decrease in net income is primarily attributable to increase general and administrative costs of $0.7 million, partially offset by interest revenue and a federal income tax benefit during the three month period ended December 28, 2025.

    Our key performance measures for the three months ended December 28, 2025 and December 29, 2024 are summarized below.

    (Thousands)

    Three months ended
    Metric

    December 28, 2025

    December 29, 2024

    % Change
    Revenue

    $

    9,145

    $

    8,198

    11.6

    %
    Gross Profit

    $

    2,096

    $

    2,128

    (1.5

    )%
    Gross Margin %

    22.9

    %

    26.0

    %

    (11.9

    )%
    Operating Income

    $

    149

    $

    916

    (83.7

    )%
    Net Income

    $

    242

    $

    844

    (71.3

    )%
    Adjusted EBITDA (non-GAAP)

    $

    728

    $

    1,137

    (36.0

    )%

    Our Adjusted EBITDA decreased by $0.4 million to $0.7 million for the three months ended December 28, 2025, as compared to $1.1 million for the prior year period. The decrease in Adjusted EBITDA is primarily driven by lower net income of ($0.6) million, offset with the addition of $0.3 million in non-recurring general and administrative costs and other changes of ($0.1) million as compared to the prior year period.

    The table below summarizes our twelve-month operating results for the periods ended December 28, 2025 and December 29, 2024, in terms of both the GAAP net income measure and the non-GAAP Adjusted EBITDA measure. We believe that including both measures allows the reader to better evaluate our overall performance.
    (Thousands)
    Three months ended

    December 28, 2025

    December 29, 2024
    Net Income (GAAP)

    $

    242

    $

    844
    Add:
    Non-recurring General and Administrative Expenses

    277

    –
    Depreciation and Amortization

    90

    129
    Federal Income Tax (Benefit) Expense

    (45

    )

    59
    Stock Compensation

    212

    92
    Interest (Income) Expense, net

    (48

    )

    13
    Adjusted EBITDA – Non-GAAP

    $

    728

    $

    1,137

    Adjusted EBITDA has limitations and should not be considered in isolation or a substitute for performance measures calculated under GAAP. This non-GAAP measure excludes certain cash expenses that we are obligated to make. In addition, other companies in our industry may calculate Adjusted EBITDA differently than we do or may not calculate it at all, which limits the usefulness of Adjusted EBITDA as a comparative measure.

    During the three months ended December 28, 2025, the Company booked $7.9 million in new orders, representing a 31.7% increase over the prior year period orders of $6.0 million. The orders for the most recently completed three months consist of $3.8 million for our Optex Richardson segment and $4.1 million attributable to the Applied Optics Center segment.

    A substantial portion of our revenue is derived from U.S. Government contracts, which are subject to annual congressional appropriations. Failure to pass the annual appropriations by October 1, the start of the new fiscal year, often results in a continuing resolution (“CR”) which can delay new contract awards, exercising of contract options, and starting of new program initiatives, which could materially and adversely affect our future revenues. From October 1, 2025 to November 12, 2025, the federal government of the United States was in a shutdown as Congress failed to pass appropriations legislation for the 2026 fiscal year. On November 10, 2025, Congress passed a CR, which funded the government at existing spending levels through January 30, 2026. On February 3, 2026 a funding appropriation bill was passed by Congress and signed by the President which covers the majority of U.S. Government spending for the 2026 fiscal year. The funding bill excluded the Department of Homeland Security which is subject to further negotiations. The Company has not experienced a slow-down of total consolidated contract awards during the first three months of fiscal year 2026, however we have experienced a reduction in contract awards for our laser filters at the Applied Optics Center which we attribute to the 2025 government shutdown and CR. While we cannot provide assurances, we are anticipating new contract awards against current outstanding proposal requests for these laser filters as a result of the approved funding.

    Subsequent to the period ended December 28, 2025, on February 6, 2026, the Applied Optics Center received a new order from a prime military contractor for laser interface filters valued at $2.2 million with deliveries to begin in the third fiscal quarter of 2026 and extend into the second fiscal quarter of 2027. We anticipate additional awards since the appropriations bill was approved on February 3, 2026.

    As of December 28, 2025, Optex Systems Holdings had working capital of $21.2 million, as compared to $21.1 million as of September 28, 2025. During the three months ended December 28, 2025, we used operating cash of $(0.1) million, primarily driven by increased inventory and payments against accounts payable. During the three months ended December 28, 2025, there were no borrowings or payments against our revolving credit facility with Texas Capital Bank.

    At December 28, 2025, the Company had approximately $5.8 million in cash and no outstanding balance on our revolving credit line. As of December 28, 2025, our outstanding accounts receivable balance was $4.4 million, of which $4.1 million has been collected during January 2026.

    During the three months ended December 28, 2025 the Company invested $0.5 million and as of December 28, 2025 has capital commitments of an additional $0.5 million for the purchase of property and equipment including a DLC coater and prototype metal machining center. The Company plans to spend a total $2.4 million in capital investment over fiscal year ending 2026 to expand its current capacity as well as develop new capabilities to expand into adjacent markets. Obsolete equipment will be replaced with new or upgraded systems to reduce downtime and drive capacity improvements for both Optex Richardson and the Applied Optics Center. Also, new capabilities will be required to support new product lines at Applied Optics Center, as well as support the increased focus on research and rapid prototype development at Optex Richardson.

    On February 9, 2026, the Board of Directors of the Company terminated the Company’s existing stock repurchase program and approved a new stock repurchase program pursuant to which the Company may purchase up to $10 million in shares of the Company’s outstanding common stock (the “Repurchase Program”). The Repurchase Program allows the Company to purchase common stock from time to time through, among other methods, open market purchases, privately negotiated transactions, and/or pursuant to Rule 10b5-1 trading plans, subject to applicable securities laws and other legal requirements and relevant factors. The number of shares purchased and the timing of any purchases will depend upon a number of factors, including the price and availability of the Company’s common stock and general market conditions. The Repurchase Program may be modified, suspended or terminated at any time, without prior notice.

    Highlights of the Consolidated and Segment Results of Operations have been prepared in accordance with GAAP. These financial highlights do not include all information and disclosures required in the consolidated financial statements and footnotes and should be read in conjunction with our Form 10-Q for the three months ended December 28, 2025 and our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on February 11, 2026 and December 17, 2025, respectively.

    Optex Systems Holdings, Inc.
    Condensed Consolidated Balance Sheets

    (Thousands, except share
    and per share data)
    (Unaudited)
    December 28, 2025

    September 28, 2025
    ASSETS
    Cash and Cash Equivalents

    $

    5,841

    $

    6,389
    Accounts Receivable, Net

    4,356

    4,569
    Inventory, Net

    14,966

    14,322
    Contract Asset

    134

    142
    Prepaid Expenses

    214

    285
    Current Assets

    25,511

    25,707
    Property and Equipment, Net

    1,793

    1,427
    Other Assets
    Deferred Tax Asset

    1,244

    1,199
    Right-of-use Asset

    1,640

    1,700
    Security Deposits

    23

    23
    Other Assets

    2,907

    2,922
    Total Assets

    $

    30,211

    $

    30,056
    LIABILITIES AND STOCKHOLDERS’ EQUITY
    Current Liabilities
    Accounts Payable

    $

    1,400

    $

    1,525
    Operating Lease Liability

    668

    645
    Federal Income Taxes Payable

    87

    87
    Accrued Expenses

    1,458

    1,634
    Accrued Selling Expense

    141

    141
    Accrued Warranty Costs

    168

    162
    Contract Loss Reserves

    185

    132
    Customer Advance Deposits

    243

    234
    Current Liabilities

    4,350

    4,560
    Other Liabilities
    Operating Lease Liability, net of current portion

    1,116

    1,205
    Total Liabilities

    5,466

    5,765
    Commitments and Contingencies

    –

    –
    Stockholders’ Equity
    Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,937,358 and 6,920,658 shares issued and outstanding, respectively)

    7

    7
    Additional Paid in Capital

    22,013

    21,801
    Retained Earnings

    2,725

    2,483
    Stockholders’ Equity

    24,745

    24,291
    Total Liabilities and Stockholders’ Equity

    $

    30,211

    $

    30,056

    The accompanying notes in our Form 10-Q for the three months ended December 28, 2025 and our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on February 11, 2026 and December 17, 2025, respectively, are an integral part of these financial statements.

    Optex Systems Holdings, Inc.
    Condensed Consolidated Statements of Income
    (Unaudited)

    (Thousands, except share and per share data)

    Three months ended

    December 28, 2025

    December 29, 2024
    Revenue

    $

    9,145

    $

    8,198
    Cost of Sales

    7,049

    6,070
    Gross Profit

    2,096

    2,128
    General and Administrative Expense

    1,947

    1,212
    Operating Income

    149

    916
    Interest Income (Expense)

    48

    (13
    Income Before Taxes

    197

    903
    Income Tax (Benefit) Expense, net

    (45

    )

    59
    Net Income

    $

    242

    $

    844
    Basic Income per Share

    $

    0.04

    $

    0.12
    Weighted Average Common Shares Outstanding – basic

    6,890,823

    6,813,938
    Diluted Income per Share

    $

    0.03

    $

    0.12
    Weighted Average Common Shares Outstanding – diluted

    6,956,067

    6,912,594

    The accompanying notes in our Form 10-Q for the three months ended December 28, 2025 and our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on February 11, 2026 and December 17, 2025, respectively, are an integral part of these financial statements.

    ABOUT OPTEX SYSTEMS HOLDINGS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “believe,” “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.

    These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, G&A expenses, profit margins and working capital); customer demand; orders and backlog; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.

    These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    1-972-764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Announces $2.19 Million Order for Optical Assemblies Supporting an Enhanced Night Vision Goggle Program

    Optex Systems Announces $2.19 Million Order for Optical Assemblies Supporting an Enhanced Night Vision Goggle Program

    RICHARDSON, TX / ACCESS Newswire / February 10, 2026 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a new contract from a U.S. Government Prime Contractor, in support of a Night Vision Goggle system. The order value is $2.19M with deliveries starting in Q2 of calendar 2026 through early 2027.

    “We are proud to continue the legacy of supplying laser protection filters, in high volume, to the U.S. warfighters. Our technical staff is second to none in understanding the physics and manufacturing processes that enable us to be a leader with regard to protecting both equipment and the human eye in battlefield conditions. Our large thin-film coating chambers are specially designed to handle very high volume and high layer count coatings. This is why we remain a key contributor to products of this type and will continue to do so, well into the future.” stated Bill Bates, GM, AOC.

    With this order, the current Optex Systems Holdings’ backlog is in excess of $38million.

    ABOUT OPTEX SYSTEMS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.

    These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.

    These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    (972) 764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Announces First Quarter Earnings Call

    Optex Systems Announces First Quarter Earnings Call

    RICHARDSON, TX / ACCESS Newswire / February 5, 2026 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today that it plans to report its financial performance for the first quarter of fiscal 2026 on Wednesday, February 11th, 2026.

    In addition, the Company announced that it will hold an investor conference call on February 11th, 2026 at 4:30 pm ET. Investors interested in participating in the live call can dial (833) 316-2483 or (785) 838-9284 with the Conference ID OPXSQ126. Any financial information and required disclosure on non-GAAP financial measures discussed on the call will be included in the Company’s earnings release, which will be available at https://ir.stockpr.com/optexsys under “Latest Financial Results.”

    ABOUT OPTEX SYSTEMS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.

    These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.

    These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed, and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    (972) 764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Announces Brian Bushnell as Director of Optical Coatings Technology

    Optex Systems Announces Brian Bushnell as Director of Optical Coatings Technology

    RICHARDSON, TX / ACCESS Newswire / January 5, 2026 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, is pleased to announce the addition of Brian Bushnell as Director of Optical Coating Technology, effective January 05, 2026.

    Mr. Bushnell brings an impressive background in Opto-Mechanical Engineering as well as Thin-Film Optical Coating development and process improvement. He will serve as pivotal member of the leadership team to help drive research and development and operational performance. Brian’s hands-on background and leadership experience will lead to improved output and better overall financial performance.

    Brian has spent the last eight years in managerial roles at Raytheon in McKinney, Texas, most recently serving as the Senior Manager of Mechanical Engineering. His strong education in both business and physics has allowed him to fill various engineering and operations management roles over the course of his career.

    Brian holds an MBA from Texas A&M University – Commerce, a Master of Applied Physics from the University of Texas at Dallas, and a Bachelors of Mechanical Engineering from the University of Texas at Arlington.

    Bill Bates, General Manager of Applied Optics Center, a division of Optex Systems, Inc., stated “We are very excited to have Brian join our team and support taking the Applied Optics Center to the next level in thin-film coating development as well as continuing improvement in our operational processes. Brian will ensure that we bolster our portfolio of products and drive growth of the business. Brian’s experience with thin-film coatings ranging from the visible to the infrared spectrum is going to be key to our future success.”

    ABOUT OPTEX SYSTEMS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.

    These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.

    These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed, and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    (972) 764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Holdings, Inc. Announces Financial Highlights for the Year Ended September 28, 2025

    Optex Systems Holdings, Inc. Announces Financial Highlights for the Year Ended September 28, 2025

    RICHARDSON, TX / ACCESS Newswire / December 17, 2025 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced financial results for the year ended September 28, 2025.

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

    Our total revenues increased by $7.3 million, or 21.6% in fiscal year 2025 compared to fiscal year 2024. The Optex Richardson segment realized a $5.6 million, or 30.8%, increase in revenue and the Applied Optics Center segment realized an increase of $1.8 million, or 11.1%, in revenue compared to the prior fiscal year. The increase in revenue at Optex Richardson was primarily driven by a 56% increase production throughput on our periscope line whereas the Applied Optics Center increase was driven by higher customer demand for military products, partially offset by lower customer demand in optical assemblies.

    Gross profit increased by $2.5 million to $12.1 million in fiscal year 2025 as compared to $9.5 million in fiscal year 2024. Gross margin for the year ended September 28, 2025 was 29.2% of revenue as compared to a gross margin of 28.0% of revenue for the year ended September 29, 2024. The increased gross profit as compared to the prior year is primarily driven by higher revenue and product mix changes combined with improved manufacturing overhead rates as the fixed overhead costs are spread across a significantly higher revenue base.

    For the year ended September 28, 2025, we recorded operating income of $7.1 million as compared to operating income of $4.8 million during the year ended September 29, 2024. The $2.3 million increase in operating income is primarily due to increased gross profit of $2.5 million, offset by an increase of $0.2 million in general and administrative spending.

    During the year ended September 28, 2025, we recorded net income applicable to common shareholders of $5.1 million as compared to net income applicable to common shareholders of $3.8 million during the year ended September 29, 2024. The $1.3 million increase in net income is primarily attributable to increased operating income of $2.3 million, offset by ($0.8) million in asset impairment for our Speedtracker product line acquisition and increased federal income tax expense of $0.2 million.

    Our key performance measures for year ended September 28, 2025 and September 29, 2024 are summarized below.

    (Thousands)

    Twelve months ended
    Metric

    Sept 28, 2025

    Sept 29, 2024

    % Change
    Revenue

    $

    41,337

    $

    33,995

    21.6

    %
    Gross Profit

    $

    12,057

    $

    9,529

    26.5

    %
    Gross Margin %

    29.2

    %

    28.0

    %

    4.3

    %
    Operating Income

    $

    7,132

    $

    4,821

    47.9

    %
    Net Income

    $

    5,147

    $

    3,768

    36.6

    %
    Adjusted EBITDA (non-GAAP)

    $

    8,030

    $

    5,733

    40.1

    %

    Our Adjusted EBITDA increased by $2.3 million to $8.0 million during the twelve months ended September 28, 2025 as compared to $5.7 million during the twelve months ended September 29, 2024. The increase in EBITDA is primarily driven by increased revenue and gross profit.

    The table below summarizes our twelve-month operating results for the periods ended September 28, 2025 and September 29, 2024, in terms of both the GAAP net income measure and the non-GAAP Adjusted EBITDA measure. We believe that including both measures allows the reader better to evaluate our overall performance.
    (Thousands)
    Twelve months ended
    September 28,
    2025
    September 29,
    2024
    Net Income – GAAP

    $

    5,147

    $

    3,768
    Add:
    Federal Income Tax Expense

    1,204

    1,006
    Asset Impairment

    804

    –
    Depreciation & Amortization

    515

    487
    Stock Compensation

    383

    425
    Interest (Income) Expense

    (23

    )

    47
    Adjusted EBITDA – Non GAAP

    $

    8,030

    $

    5,733

    Adjusted EBITDA has limitations and should not be considered in isolation or a substitute for performance measures calculated under GAAP. This non-GAAP measure excludes certain cash expenses that we are obligated to make. In addition, other companies in our industry may calculate Adjusted EBITDA differently than we do or may not calculate it at all, which limits the usefulness of Adjusted EBITDA as a comparative measure.

    During the twelve months ended September 28, 2025, the Company booked $36.2 million in new orders, representing a 0.5% decrease from the prior year period orders of $36.4 million. The orders for the most recently completed twelve months consist of $21.3 million for our Optex Richardson segment and $14.9 million attributable to the Applied Optics Center segment. We believe a portion of the reduced demand is related to the delay in the award of ARC III Abrams replenishment contracts to the prime contractors, as well as the delay in award for the BNVG Night Vision Goggle program, both of which were expected during the 2025 fiscal year combined with the delay in passing the annual congressional appropriations bill by the U.S. government.

    From October 1, 2025 to November 12, 2025, the federal government of the United States was in a shutdown as Congress failed to pass appropriations legislation for the 2026 fiscal year. On November 10, 2025, Congress passed a continuing resolution (“CR”), which funds the government at existing spending levels through January 30, 2026, by which time the legislature must approve the annual appropriations bill or an additional CR to avoid another government shutdown. As a result of the 2025 government shutdown and CR through January 2026, the Company has experienced a slow-down of contract awards. While we are unable to predict the outcome past January 2026, we anticipate the funding delays may affect our revenue during the second through fourth quarters of fiscal year 2026.

    As of September 28, 2025, Optex Systems Holdings had working capital of $21.1 million, as compared to $15.1 million as of September 29, 2024. During the twelve months ended September 28, 2025, we generated operating cash of $6.9 million, primarily driven by increased net income of $5.1 million, non-cash expenses of $1.7 million for depreciation and amortization, asset impairment and stock compensation, and all other changes in other working capital of $0.1 million. During the twelve months ended September 28, 2025, we paid $1.0 million against the credit facility and purchased capital assets of $0.5 million.

    At September 28, 2025, the Company had $6.4 million in cash and no balance outstanding on its $3.0 million revolving credit line. As of September 28, 2025, our outstanding accounts receivable balance was $4.6 million, which has been collected during the first quarter of fiscal year 2026. During the first quarter of 2025, we paid $1.0 million against our credit facility bringing the balance to zero.

    The Company plans to spend $2.4 million in capital investment over the next twelve months to expand its current capacity as well as develop new capabilities to expand into adjacent markets. Obsolete equipment will be replaced with new or upgraded systems to reduce downtime and drive capacity improvements for both Optex Richardson and the Applied Optics Center. Also, new capabilities will be required to support new product lines at AOC, as well as support the increased focus on research and rapid prototype development at Optex Richardson.

    On December 4, 2025, Mr. Schoening notified the Company that he intends to resign, effective as of the Effective Date, from the position of Chief Executive Officer of the Company. Mr. Schoening will remain on the Board of Directors of the Company (“the “Board”), will continue to serve in the position of Chairman of the Board, and will continue to serve as the Company’s Facilities Security Officer.

    In response to the notification by Danny Schoening that he intends to resign from the position of Chief Executive Officer of the Company, effective as of December 20, 2025 (the “Effective Date”), on December 5, 2025, the Board appointed Chad George, the Company’s President, to assume the additional role of Chief Executive Officer to fill the vacancy left by Mr. Schoening, effective as of the Effective Date.

    Mr. George, 48, has served as President of the Company since August 11, 2025. Previously, he spent 20 years in senior operations and supply chain roles in the defense sector. Between January 2022 and August 2025, he served as Vice President of Operations and Supply Chain at Leonardo DRS, where he played a key role in streamlining production processes and enhancing strategic sourcing capabilities. He also worked as Factory Manager and Operations Leader at Raytheon from April 2009 through March 2021. He holds a Bachelor’s Degree in Industrial Engineering from Oklahoma State University and a Master of Business Administration from the University of Texas at Dallas.

    Highlights of the Consolidated and Segment Results of Operations have been prepared in accordance with GAAP. These financial highlights do not include all information and disclosures required in the consolidated financial statements and footnotes and should be read in conjunction with our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on December 17, 2025.

    Optex Systems Holdings, Inc.
    Consolidated Balance Sheets

    (Thousands, except share and per share data)
    September 28,
    2025
    September 29,
    2024
    ASSETS
    Cash and Cash Equivalents

    $

    6,389

    $

    1,009
    Accounts Receivable, Net

    4,569

    3,764
    Inventory, Net

    14,322

    14,863
    Contract Asset

    142

    219
    Prepaid Expenses

    285

    217
    Current Assets

    25,707

    20,072
    Property and Equipment, Net

    1,427

    1,292
    Other Assets
    Deferred Tax Asset

    1,199

    947
    Intangibles, net

    –

    951
    Right-of-use Asset

    1,700

    2,233
    Security Deposits

    23

    23
    Other Assets

    2,922

    4,154
    Total Assets

    $

    30,056

    $

    25,518
    LIABILITIES AND STOCKHOLDERS’ EQUITY
    Current Liabilities
    Accounts Payable

    $

    1,525

    $

    1,177
    Credit Facility

    –

    1,000
    Operating Lease Liability

    645

    638
    Federal Income Taxes Payable

    87

    74
    Accrued Expenses

    1,634

    1,258
    Accrued Selling Expense

    141

    237
    Accrued Warranty Costs

    162

    52
    Contract Loss Reserves

    132

    259
    Customer Advance Deposits

    234

    255
    Current Liabilities

    4,560

    4,950
    Other Liabilities
    Operating Lease Liability, net of current portion

    1,205

    1,760
    Total Liabilities

    5,765

    6,710
    Commitments and Contingencies

    –
    Stockholders’ Equity
    Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,920,658 and 6,873,938 shares issued and outstanding, respectively)

    7

    7
    Additional Paid in Capital

    21,801

    21,465
    Retained Earnings (Accumulated Deficit)

    2,483

    (2,664

    )
    Stockholders’ Equity

    24,291

    18,808
    Total Liabilities and Stockholders’ Equity

    $

    30,056

    $

    25,518

    The accompanying notes in our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on December 17, 2025 are an integral part of these financial statements.

    Optex Systems Holdings, Inc.
    Consolidated Statements of Income

    (Thousands, except share and per share data)

    Twelve months ended
    September 28,
    2025
    September 29,
    2024
    Revenue

    $

    41,337

    $

    33,995
    Cost of Sales

    29,280

    24,466
    Gross Profit

    12,057

    9,529
    General and Administrative Expense

    4,925

    4,708
    Operating Income

    7,132

    4,821
    Other Expenses
    Asset Impairment

    804

    –
    Interest (Income) Expense, net

    (23

    )

    47
    Other Expenses

    781

    47
    Income Before Taxes

    6,351

    4,774
    Income Tax Expense, net

    1,204

    1,006
    Net income applicable to common shareholders

    $

    5,147

    $

    3,768
    Basic income per share

    $

    0.75

    $

    0.56
    Weighted Average Common Shares Outstanding – basic

    6,865,280

    6,762,145
    Diluted income per share

    $

    0.74

    $

    0.55
    Weighted Average Common Shares Outstanding – diluted

    6,923,657

    6,833,274

    The accompanying notes in our Annual Report on Form 10-K for the twelve months ended September 28, 2025 filed with the SEC on December 17, 2025 are an integral part of these financial statements.

    ABOUT OPTEX SYSTEMS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.

    These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); customer demand; orders and backlog; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.

    These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:
    IR@optexsys.com
    1-972-764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Announces $2.33 Million Order for Optical Assemblies

    Optex Systems Announces $2.33 Million Order for Optical Assemblies

    RICHARDSON, TX / ACCESS Newswire / December 15, 2025 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a new contract for Optical Sub-Assemblies. The order value is $2.33M with deliveries covering April 2026 through December 2026.

    “We are excited to have this opportunity for providing continuing support with assembly of various optical units associated with one of our long-term commercial customers. We look forward to supporting the current demand and well into the future,” stated Bill Bates, General Manager of Applied Optics Center. With this new order, the current Optex backlog is in excess of $38 million.

    ABOUT OPTEX SYSTEMS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.

    These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.

    These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    (972) 764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Holdings Announces Chad George as Chief Executive Officer

    Optex Systems Holdings Announces Chad George as Chief Executive Officer

    RICHARDSON, TX / ACCESS Newswire / December 8, 2025 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and global military and commercial applications, is pleased to announce the promotion of Chad George to President and Chief Executive Officer, effective December 20, 2025. Mr. George previously served as President and will now assume full executive leadership of the organization.

    Mr. George brings an extensive record of operational excellence, strategic vision, and defense industry expertise to his new role. Before joining Optex, Mr. George served in senior operations and supply chain leadership roles within the defense industry, most recently as Vice President of Operations and Supply Chain at Leonardo DRS, where he successfully streamlined production processes and enhanced strategic sourcing capabilities. His background also includes impactful roles at Raytheon, where he developed a strong foundation in defense manufacturing and operational strategy.

    Mr. George began his professional career as a manufacturing engineer for Raytheon, then transitioned to the consumer goods sector for Dr. Pepper for 4 years before returning to the defense sector, in which he has spent more than 20 years throughout his career.

    He holds a Bachelor’s Degree in Industrial Engineering from Oklahoma State University and an MBA from the University of Texas at Dallas, equipping him with both the technical expertise and strategic insight necessary to lead Optex into its next phase of expansion.

    “Chad has demonstrated exceptional leadership and a clear strategic vision since joining Optex,” said Danny Schoening, outgoing CEO of Optex Systems Holdings. “His deep understanding of defense manufacturing, his operational leadership, and most importantly, his commitment to innovation makes him the ideal choice to guide Optex forward. After 13 years as serving as CEO, I am delighted to transition stewardship of Optex to Chad. I have the utmost confidence that under his leadership, the company will continue to strengthen its position as a leader in defense optics and prosper.”

    “I am honored to step into the role of Chief Executive Officer,” said Chad George, President and CEO of Optex Systems Holdings. “Optex has a proud legacy of delivering mission-critical optical systems, and I look forward to expanding our product portfolio, advancing our technological capabilities, and exploring adjacent markets to create new opportunities for growth. I am excited to lead this exceptional team into the future.”

    In his role as President and CEO, Mr. George will oversee the company’s strategic direction, drive innovation across product lines, and continue efforts to expand Optex’s presence in both core and emerging market verticals. As part of this transition Mr. George has also been appointed to Optex’s board of directors. Mr. Schoening will continue to serve on the board in his role as Chairman for Optex Systems Holdings, Inc.

    ABOUT OPTEX SYSTEMS HOLDINGS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    (972) 764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire

  • Optex Systems Announces Fourth Quarter Earnings Call

    Optex Systems Announces Fourth Quarter Earnings Call

    RICHARDSON, TX / ACCESS Newswire / December 3, 2025 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today that it plans to report its financial performance for the fourth quarter of fiscal 2025 on Wednesday, December 17th, 2025.

    In addition, the Company announced that it will hold an investor conference call on December 17th, 2025 at 5:00 pm ET. Investors interested in participating in the live call can dial (855) 459-0168 or (973) 413-6114 with the Conference Code 367887. Any financial information and required disclosure on non-GAAP financial measures discussed on the call will be included in the Company’s earnings release, which will be available at https://ir.stockpr.com/optexsys under “Latest Financial Results” and a recording of the latest earnings call can be found on the Optex home page https://optexsys.com.

    ABOUT OPTEX SYSTEMS

    Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.

    Safe Harbor Statement

    This press release contains, and the investor conference call will contain, certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

    You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

    Contact:

    IR@optexsys.com
    (972) 764-5718

    SOURCE: Optex Systems Holdings, Inc.

    View the original press release on ACCESS Newswire