Syntec Optics Holdings Inc

Earnings data Q1 2024

Earnings data Q4 2023

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Syntec Optics Holdings, Inc. engages in the design and manufacture of optics and photonics enabled products. Its products include Low Earth Orbit satellite optics. The company was founded in 1981 and is headquartered in Rochester, NY.

ROCHESTER, NEW YORK, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced the appointment of Michael J. Ransford as Site Manager. In this role, Ransford will oversee technology and operations.

Mike Ransford Joins Syntec Optics (Nasdaq: OPTX) as Site Manager

ROCHESTER, NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced that it has secured over $2.1 million in orders for its ultra-high-precision space optics. The company will utilize its dedicated production cell to continue delivering products.

Syntec Optics (Nasdaq: OPTX) Secures $2.1M in New Orders for Space Optics

OPTX's earnings break even in Q3 and decline year over year. Revenue rise 19.2% year over year, boosted by data center and night vision demand.

Syntec Optics Stock Drops 36% Since Q3 Earnings Release, Sales Up Y/Y

ROCHESTER, NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced it will host a conference call on Monday, November 18, 2024, at 5:00 p.m. Eastern Time (ET) to discuss its financial results and provide a business update.

Syntec Optics (Nasdaq: OPTX) to Host Conference Call to Discuss Financial Results and Business Update

ROCHESTER, NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today reported financial results for the first quarter of 2024. Third Quarter 2024 Financial Highlights Net Sales of $7.86 million increased by 12.3% from $7.01 million in Q2 2024, and sales from products of $7.33 million increased by 17.2% from $6.26 million in Q3 2023.

Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Third Quarter 2024 Financial Results

The award-winning production line contributes to increased success rate of military missions The award-winning production line contributes to increased success rate of military missions

Syntec Optics (Nasdaq: OPTX) Plans to Restart Production for Precision Laser Guidance Optics for Next Five Years

CEO will deliver a speech titled “The Photonic Evolution: Current Trends and Future Growth Area” at the Global Photonics Forum 2024 CEO will deliver a speech titled “The Photonic Evolution: Current Trends and Future Growth Area” at the Global Photonics Forum 2024

Syntec Optics (Nasdaq: OPTX) Chairman & CEO to Keynote the Future of Photonics that Enables the Tech Frontier from Artificial Intelligence to Quantum and Defense

Syntec achieves sequential revenue growth and returns to positive EBITDA and Earnings per Share. Syntec achieves sequential revenue growth and returns to positive EBITDA and Earnings per Share.

Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Second Quarter 2024 Financial Results

ROCHESTER, NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and equipment OEMs in diverse defense, biomedical, communications, and consumer end-markets, announced today that it has launched the production of biomolecules and nanoparticles characterization optics used in direct light scattering instruments for biopharma technologists. Syntec's new disposable optics enable fast measurements for low-volume requirements of proteins, viruses, gene therapy vectors, and more.

Syntec Optics (Nasdaq: OPTX) Launches Production of New Disposable Optics for Characterization of Biomolecules and Nanoparticles

ROCHESTER, NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, today announced it is scheduling to manufacture orders for two critical optics that fit in the next generation military optics systems. Such new systems provided by the customer integrate several advanced technologies, including a variable magnification optic, laser rangefinder, visible and infrared lasers, a digital display overlay, and several other sensing and calculating abilities.

Syntec Optics (Nasdaq: OPTX) to Manufacture over $1M in Advanced Optics for Next Generation U.S. Defense Integrated Optics System

Syntec Optics (NASDAQ: OPTX ) stock is rocketing higher on Wednesday alongside heavy pre-market trading of the optics and photonics components company's shares. This has more than 4.6 million shares of OPTX stock changing hands as of this writing.

Why Is Syntec Optics (OPTX) Stock Up 186% Today?

ROCHESTER, NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (“Syntec” or the “Company”) (Nasdaq: OPTX) named Dean Rudy Chief Financial Officer, effective June 10, 2024. Mr. Rudy succeeds Mr. Robert (Casey) Nelson.

Syntec Optics (NASDAQ: OPTX) Announces Dean Rudy as New Chief Financial Officer

Allows new digital night vision defense devices to approach legacy analog system performance Allows new digital night vision defense devices to approach legacy analog system performance

Syntec Optics (Nasdaq: OPTX) Secures Order to Develop a High Resolution and High Numerical Aperture Lens System for Next Generation Digital Night Vision

Full Year 2023 Revenue and Adjusted EBITDA Grew Compared to 2022, Full Year 2023 Earnings per Share Rises to $0.06 from Negative $0.01 in 2022 Full Year 2023 Revenue and Adjusted EBITDA Grew Compared to 2022, Full Year 2023 Earnings per Share Rises to $0.06 from Negative $0.01 in 2022

Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Fourth Quarter 2023, Full Year 2023 and First Quarter 2024 Financial Results

ROCHESTER, NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical optics to scientific and technical instruments and defense and aerospace OEMs, announced today executive-level changes. These changes will support its manufacturing excellence for organic growth and build upon its strategic initiatives for future inorganic growth. These executives will provide leadership across all key functions for continuing growth and development.

Syntec Optics (Nasdaq: OPTX) Announces Executive Changes to Support Growth Plan

ROCHESTER, NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and defense and aerospace OEMs, announced today the launch of process development for a high-volume production line to make disposable medical optics. After nearly three years of concept proposals, Syntec Optics secured the order and plans to install a fully automated advanced production line for this new product.

Syntec Optics (Nasdaq: OPTX) Secures Order to Develop New Disposable Optics for Digital Health Treatment

ROCHESTER, NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, gears up for a dynamic presence at SPIE Defense + Commercial Sensing (DCS) 2024, taking place April 21 – 25, 2024, in National Harbor, Maryland. At booth #938, Syntec Optics will demonstrate its latest breakthroughs, engage with valued customers, and ignite further partnerships within the vibrant defense and sensing community.

Syntec Optics (Nasdaq: OPTX) to Showcase Advanced Imaging and Sensing Technologies at SPIE Defense + Commercial Sensing 2024

ROCHESTER, NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, today announced orders for a new high-resolution, wide-field-of-view, innovative freeform prism subsystem that makes up high-brightness and high-contrast defense microdisplays used for viewing vital information. These new orders add to orders received for other versions of microdisplay optics already in production.

Syntec Optics (Nasdaq: OPTX) Secures New Optics Order for Defense Head-Up Microdisplays

ROCHESTER, NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading supplier of scientific and technical instruments and defense and aerospace optics to mission-critical OEMs, today announced $2.8M million in orders for high-precision opto-mechanical components and subsystems used in the production of the latest night vision goggles used by US defense. Delivery is scheduled for 2024.

Syntec Optics (Nasdaq: OPTX) Secures $2.8M Order for Opto-Mechanical Sub-Systems in the Latest Night Vision Goggles

ROCHESTER, NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific technical instruments, aerospace and defense optics provider that has applied AR/VR display manufacturing technology in the past to enable glasses for significant central vision loss, is now enabling optics for blindness. Syntec Optics is making an optic that integrates with the customer's bioengineered artificial cornea as the customer prepares for blindness clinical trials in the U.S. The customer's long-lasting artificial cornea replaces the need for human tissue in transplants of a damaged cornea.

Syntec Optics (Nasdaq: OPTX) Enabling Optics for Blindness

ROCHESTER, NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific technical instruments, aerospace and defense optics provider, scaled its production of ultra-high precision satellite optics with $5.3 million in orders and then further added  $2.4 million in current orders. "One of the keys to higher volume production was Syntec's vertical integration.

Syntec Optics (Nasdaq: OPTX) Completes $5.3M in Orders and Adds $2.4M in Further Orders for Low Earth Orbit Satellite Optics

ROCHESTER, NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a scientific and technical instruments and aerospace and defense optics provider, celebrated another production milestone by delivering its 50,000th previously announced and launched new microlens array within a very short process development period. Syntec's experienced team has now expanded its production capacity quickly by acquiring production and metrology equipment from the customer's facility to support more product lines and product deliveries planned in 2024.

Syntec Optics (Nasdaq: OPTX) Delivers 50,000th Precision MicroLens Array for New End-Market

ROCHESTER, NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading innovator in optics and photonics technology, today announced a $4.8 million order from a major blue-chip customer for the supply of diagnostic electro-optics for various biomarker measurements at the point of care. This signifies a pivotal step in Syntec Optics' ongoing commitment to developing cutting-edge solutions that improve patient outcomes and enhance healthcare delivery.

Syntec Optics (Nasdaq: OPTX) Secures $4.8M Order for Medical Diagnostics Optics

Showcasing Groundbreaking Defense, Biomedical, Consumer and Communications Technology Showcasing Groundbreaking Defense, Biomedical, Consumer and Communications Technology

Syntec Optics (Nasdaq: OPTX) to Display Innovations at Photonics West 2024

ROCHESTER, NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Joe Mohr, CEO of Syntec Optics (Nasdaq: OPTX), was recently interviewed by the New York Photonics (NYP) Cluster. The interview appeared in the New York Photonics January 2024 newsletter sent to its members and covered several topics about public listing and the future vision.

News for Syntec Optics Holdings Inc Stock (OPTX)