Optex Systems (US:OPXS)2026-02-11 14:05Revenue Performance - Total revenues for the three months ended December 28, 2025, increased by $0.9 million, or 11.6%, compared to the prior year period, reaching $9.145 million[10] - Optex Richardson revenue increased by $1.9 million or 55.9% for the same period, driven by higher production levels and customer demand[3] - Applied Optics Center revenue decreased by $1.0 million or 20.1%, primarily due to lower customer demand for laser filters and optical assemblies[4] - Revenue for the three months ended December 28, 2025, was $9,145,000, an increase of 11.6% compared to $8,198,000 for the same period in 2024[25] Profitability - Consolidated gross profit slightly decreased to $2.096 million, with a gross margin percentage dropping from 26.0% to 22.9%[5] - Operating income fell to $0.1 million, an 83.7% decrease from the prior year, attributed to lower gross profit and higher general and administrative costs[7] - Gross profit for the same period was $2,096,000, slightly down from $2,128,000, resulting in a gross margin of 22.9%[25] - Operating income decreased to $149,000 from $916,000, indicating a decline in operational efficiency[25] - Net income applicable to common shareholders was $0.2 million, down 71.3% from $0.8 million in the prior year[8] - Net income for the quarter was $242,000, down from $844,000, reflecting a decrease of 71.4% year-over-year[25] - Basic income per share was $0.04, compared to $0.12 in the prior year, showing a significant decline in earnings per share[25] Financial Position - As of December 28, 2025, working capital was $21.2 million, with cash reserves of approximately $5.8 million and no outstanding balance on the revolving credit line[16][17] - Total assets increased to $30,211,000 from $30,056,000, indicating a growth of 0.5%[22] - Total liabilities decreased to $5,466,000 from $5,765,000, a reduction of 5.2%[22] - Stockholders' equity rose to $24,745,000 from $24,291,000, reflecting an increase of 1.9%[22] Future Plans and Outlook - The company plans to invest a total of $2.4 million in capital expenditures for fiscal year 2026 to expand capacity and develop new capabilities[18] - A new stock repurchase program was approved, allowing the company to buy up to $10 million in shares of its common stock[19] - The company continues to focus on manufacturing optical sighting systems for Department of Defense applications, with products installed on various military vehicles[26] - Future outlook includes addressing risks such as funding for defense programs and potential supply chain challenges[28] Orders and Demand - The company booked $7.9 million in new orders, representing a 31.7% increase over the prior year period[13]