ROCHESTER, NEW YORK, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today highlighted its critical role in enabling the next generation of advanced hyperspectral imaging (HSI) technology. The company manufactures the core elements that power state-of-the-art HSI systems used in defense markets. Hyperspectral imaging is a powerful ...

Company Overview - Syntec Optics is a leading provider of mission-critical products for advanced technology sectors including defense, biomedical, and communications equipment manufacturers [3] - The company has been operating for over two decades and is headquartered in Rochester, NY, with a state-of-the-art facility that offers extensive optics manufacturing capabilities [3] Recent Developments - Syntec Optics has secured new orders for ultra-high-precision LEO satellite optics and plans to double its weekly shipments for the remainder of the year [1] - The company is utilizing a dedicated production cell to ramp up deliveries in response to increased demand for its advanced optics solutions [1][2] Market Insights - The demand for satellite broadband, enabled by Syntec's optical technology, is expected to significantly contribute to the projected $1 trillion global space economy by 2040 [2] - Syntec's nano-scale manufacturing solutions enhance the range of space communications signals and provide lower latency compared to traditional radar-based systems [2] Product Offerings - Recent product launches include LEO satellite optics for communication, lightweight night vision goggle optics for defense, biomedical optics, and data center optics for Artificial Intelligence [3]

Company Overview - Syntec Optics Holdings, Inc. is a leading provider of technology products to defense, biomedical, communications, and consumer industries, headquartered in Rochester, NY [5] - The company has over two decades of experience and operates a state-of-the-art facility with extensive capabilities in optics manufacturing [5] Recent Developments - Syntec Optics has received initial orders for high-performance fuel actuators for rocket engines, which are critical for defense and space applications [1] - The company will utilize advanced nanotechnology processes to provide high-precision manufacturing solutions for these actuators [1] Industry Insights - Fuel actuators are essential for rocket propulsion, providing precise control of propellant flow, which is crucial for managing thrust and trajectory [2] - The global rocket propulsion market was valued at USD 10.5 billion in 2023 and is projected to reach USD 24.4 billion by 2030, growing at a CAGR of 11.2% [3] - The growth in this market is driven by increased satellite launches, space exploration missions, and national security initiatives [3] Product Significance - Syntec Optics' products are integral to the sophisticated actuators required in the expanding rocket propulsion market [3] - The company emphasizes the importance of reliability in rocket engines, which begins with the precision of each component [4] - Syntec Optics aims to support the U.S. industrial base for both defense and the growing commercial space economy through its advanced optical manufacturing techniques [4]

Investment Rating - The report indicates a positive outlook for Focuslight, expecting double-digit year-over-year revenue growth in 2025E driven by various market demands [1][4]. Core Insights - Focuslight is positioned to benefit from rising demand for laser and optical components, particularly from local and overseas semiconductor equipment (SPE) clients, as well as the data center sector [2][4]. - The company is expanding its offerings in optical communication and is optimistic about the long-term migration to silicon photonics and chip-on-board (CPO) technologies [2][10]. - Focuslight's revenue growth is supported by its comprehensive product range, including diode laser components and laser optics, targeting multiple industries such as automotive, medical health, and consumer electronics [3][4]. Summary by Sections Growth Drivers - Key growth drivers identified for 2025 include laser and optical products for pan-semiconductor applications, optical communication, and the AR/VR market [4][9]. - Management anticipates improved profitability due to the shift of some back-end manufacturing processes from Europe to China [4]. Market Expansion - Focuslight is actively expanding into the pan-semiconductor market, with products utilized in flat panel display manufacturing and mini/micro LED soldering, driven by increasing demand from both local and overseas SPE clients [9]. - The acquisition of SUSS MicroOptics is expected to enhance Focuslight's penetration into the optical communication market, particularly with Chinese optical transceiver clients [10]. Optical Communication Opportunities - Focuslight provides various optical components such as microlenses and molded lenses for optical transceivers and fiber connectors, with management noting significant revenue potential from these products starting in 2025E [10]. - The company is optimistic about the increasing adoption of silicon photonics, which will require advanced microlens designs for integrated systems, thereby enhancing the value of Focuslight's offerings [10].

Company Overview - Syntec Optics Holdings, Inc. is a leading provider of technology products to various industries including defense, biomedical, communications, and consumer sectors [1][4] - The company has over two decades of experience and operates a state-of-the-art facility with extensive capabilities in optics manufacturing [4] Recent Developments - Syntec Optics has secured orders to provide optics for commercial fusion energy, marking its entry into the energy sector [1][2] - The company has recently expanded its product offerings to include optics for Low Earth Orbit (LEO) satellites, lightweight night vision goggles, and data centers for Artificial Intelligence [4] Market Potential - The energy market for light-enabled products is estimated to be approximately USD 358.5 billion [2] - Fusion energy is highlighted as a promising new form of energy generation that could provide limitless carbon-free energy and address future energy shortages [2] Strategic Vision - The company aims to leverage its expertise in high-precision optics to support the development of fusion energy technologies [3] - Syntec Optics emphasizes its commitment to advancing manufacturing innovation and contributing to next-generation technologies [3]

Core Viewpoint - Coherent Corp. reported strong financial results for the third quarter of fiscal 2025, driven by significant demand in AI-related datacenter products and the introduction of new optical networking technologies [1][2][5]. Financial Performance - Revenue for Q3 FY2025 was $1.50 billion, representing a year-over-year increase of 24% [5][19]. - GAAP gross margin was 35.2%, up 491 basis points year-over-year, while non-GAAP gross margin was 38.5%, an increase of 490 basis points year-over-year [5][19]. - The company reported a GAAP net loss of $0.11 per diluted share, an improvement of $0.18 year-over-year, and a non-GAAP net income of $0.91 per diluted share, up $0.53 year-over-year [5][19]. Operational Highlights - The company paid down $136 million of its outstanding debt, emphasizing cash and capital allocation as priorities [2]. - Operating income for Q3 FY2025 was $72 million, a decrease of 47.6% quarter-over-quarter but a significant increase of 222% year-over-year [19]. - Total operating expenses for Q3 FY2025 were $456 million, a 22.4% increase year-over-year [19]. Product and Market Developments - Coherent was recognized as an NVIDIA Ecosystem Innovation Partner, collaborating on silicon photonics and co-packaged optics for AI infrastructure [8]. - The company received six Product Innovation Awards at the Optical Fiber Communication Conference 2025, highlighting its advancements in datacenter and communications technologies [8]. - Coherent demonstrated groundbreaking technologies, including a 400G EML for next-generation transceivers and a portfolio of co-packaged optics solutions [8][9]. Business Outlook - For Q4 FY2025, revenue is expected to range between $1.425 billion and $1.575 billion, with a non-GAAP gross margin percentage anticipated between 37% and 39% [15]. - Total operating expenses for Q4 FY2025 are projected to be between $290 million and $310 million on a non-GAAP basis [15].

Company Overview - Syntec Optics Holdings, Inc. (Nasdaq: OPTX) is a leading provider of technology products across defense, biomedical, communications, and consumer industries [1][5] - The company operates a state-of-the-art manufacturing facility in Rochester, NY, specializing in diverse optics and photonics manufacturing processes [5] Leadership Appointment - Tom Lopa has been appointed as the Director of Opto-Mechanicals, bringing extensive experience in manufacturing operations and strategic leadership [1][3] - In his new role, Mr. Lopa will focus on increasing production for various opto-mechanical products, including those for aiming, satellite, biomedical, and night vision applications [2][3] Strategic Goals - The company aims to enhance and scale its opto-mechanical offerings, leveraging Mr. Lopa's expertise in lean manufacturing and quality systems [3] - Syntec Optics is committed to innovation and strategic vision for integrated optical solutions, which is expected to contribute to its growth [3] Recent Developments - Syntec Optics has recently launched new products, including Low Earth Orbit (LEO) satellite optics for communication, lightweight night vision goggle optics for defense, and biomedical optics for defense [5]

Core Insights - Syntec Optics Holdings, Inc. has secured orders totaling nearly $5.2 million in 2025 for optics and optomechanicals supporting advanced night vision goggles for U.S. defense [1][2][3] - The company has delivered approximately $0.9 million in products so far this year, indicating a strong start to the year [2] - Syntec has been involved in this defense program since 2018, providing low-weight, high-performance manufacturing technology [2][3] Company Overview - Syntec Optics is headquartered in Rochester, NY, and is one of the largest custom optics and photonics manufacturers in the U.S., operating for over two decades [4] - The company has a state-of-the-art facility with extensive capabilities in various optics manufacturing processes, providing a competitive advantage for mission-critical OEMs [4] - Recent product launches include Low Earth Orbit (LEO) satellite optics, lightweight night vision goggle optics, biomedical equipment optics, and precision microlens arrays [4] Market Position - The ongoing demand for night vision capabilities reflects the trust in Syntec's ability to meet rigorous performance standards required for national defense [3] - The consistent order flow of nearly $5.2 million this year aligns with the active fielding and sustained need for advanced night vision capabilities [3] - Syntec's broad spectrum of products, from foundational optics to complex sub-assemblies, positions it as a comprehensive partner for long-term defense programs [3]

Core Viewpoint - Syntec Optics Holdings, Inc. is significantly increasing its production of optomechanicals for advanced miniature aiming systems, anticipating a total value of nearly $4 million for 2025 due to rising demand in defense and biomedical sectors [1][3]. Group 1: Production and Financials - The company has delivered nearly $0.6 million worth of optomechanical products in 2025 and plans to scale production by nearly 50% to meet an additional $2.4 million in deliveries from April to October 2025 [1]. - The total projected revenue from these products for 2025 is expected to approach $4 million, with continued demand anticipated in subsequent years [1]. Group 2: Product Significance - The accuracy of the optomechanicals is crucial for the performance and durability of aiming optics systems used in military, law enforcement, and self-defense applications [2]. - Syntec's products ensure stable alignment and structural integrity, which are essential for operations in challenging environments, particularly for Special Operations Forces [2]. Group 3: Manufacturing Capabilities - The increase in production volume highlights Syntec Optics' ability to manufacture complex optomechanicals with extreme precision and at scale [3]. - The company leverages its expertise in ultra-precision engineering, materials science, and advanced manufacturing processes to support established optical programs [3]. Group 4: Company Overview - Syntec Optics Holdings, Inc. is one of the largest custom optics and photonics manufacturers in the United States, operating for over two decades [4]. - The company has a state-of-the-art facility with extensive capabilities in various optics manufacturing processes, providing a competitive advantage for mission-critical OEMs [4]. - Recent product launches include optics for Low Earth Orbit (LEO) satellites, lightweight night vision goggles, biomedical equipment, and precision microlens arrays [4].

Core Insights - Syntec Optics Holdings, Inc. has secured follow-on orders worth $2.1 million for critical optics integrated into next-generation military scopes [1] - The company is enhancing its manufacturing capabilities with a dedicated cell for advanced optics production [2] - The mission-critical optics are scheduled for delivery through 2026, with expectations for increased orders over the next decade [3] Company Overview - Syntec Optics is a leading provider of technology solutions across defense, communications, biomedical, and consumer markets, operating for over two decades [5] - The company has a state-of-the-art facility that supports various optics manufacturing processes, providing a competitive advantage for mission-critical OEMs [5] - Recent product launches include Low Earth Orbit (LEO) satellite optics, lightweight night vision goggle optics, biomedical equipment optics, and precision microlens arrays [5] Product Features - The new military scopes incorporate advanced technologies such as variable magnification optics, laser rangefinders, and digital display overlays [2][4] - These scopes are designed to modernize the Army's equipment, integrating features that calculate range, ballistics, and atmospherics, and can connect to smart goggles [4]