--- title: "Syntec Optics | 10-Q: FY2026 Q1 Revenue: USD 6.513 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286632466.md" datetime: "2026-05-16T04:07:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286632466.md) - [en](https://longbridge.com/en/news/286632466.md) - [zh-HK](https://longbridge.com/zh-HK/news/286632466.md) --- # Syntec Optics | 10-Q: FY2026 Q1 Revenue: USD 6.513 M Revenue: As of FY2026 Q1, the actual value is USD 6.513 M. EPS: As of FY2026 Q1, the actual value is USD -0.02. EBIT: As of FY2026 Q1, the actual value is USD -584.94 K. Syntec Optics Holdings, Inc. operates as a single reporting segment, with all financial metrics presented on a consolidated basis . #### Revenue Net sales for the three months ended March 31, 2026, decreased by $0.6 million, or 8%, to $6.5 million, compared to $7.1 million for the same period in 2025 . This decrease was primarily due to a $1.0 million decline in medical markets, partially offset by a $0.4 million increase in the consumer market . **Revenue by Recognition Methodology:** Products: $6,460,593 in 2026 vs $6,920,222 in 2025 . Custom Tooling: $23,889 in 2026 vs $118,820 in 2025 . Non-Recurring Engineering: $28,884 in 2026 vs $30,000 in 2025 . **Revenue by End-Market:** Communication: $1,844,262 in 2026 vs $1,861,378 in 2025 . Consumer: $1,593,688 in 2026 vs $1,163,289 in 2025 . Defense: $1,556,286 in 2026 vs $1,558,502 in 2025 . Medical: $1,519,130 in 2026 vs $2,485,873 in 2025 . #### Operational Metrics Cost of Goods Sold increased by $0.8 million to $5.6 million (85% of net sales) for the three months ended March 31, 2026, from $4.8 million (67% of net sales) in the prior year, mainly due to higher material costs for aluminum . Gross Profit decreased by 58% to $1.0 million (15% of net sales) for the three months ended March 31, 2026, compared to $2.3 million (33% of net sales) for the same period in 2025, driven by reduced revenue and increased cost of goods sold . General and Administrative Expenses decreased slightly by 2% for the quarter ended March 31, 2026, compared to the same period in 2025 . The company reported a Loss from Operations of -$776,047 (-12% of net sales) for the three months ended March 31, 2026, compared to an income of $528,452 (7% of net sales) for the same period in 2025 . Total Other Expense improved to -$121,810 (-2% of net sales) for the three months ended March 31, 2026, from -$195,199 (-3% of net sales) in the prior year . Net Loss was -$897,857 (-14% of net sales) for the three months ended March 31, 2026, compared to a net income of $323,665 (5% of net sales) for the same period in 2025, primarily due to a $0.6 million decline in sales and a $0.8 million increase in cost of goods sold . Adjusted EBITDA was -$96,080 for the three months ended March 31, 2026, a decrease from $1,388,309 for the same period in 2025 . #### Cash Flow Net Cash Provided By Operating Activities increased to $469,611 for the three months ended March 31, 2026, from $299,290 for the same period in 2025 . This change was driven by net changes from operating assets of $0.6 million and changes from depreciation, amortization, stock-based compensation, and allowance of $0.7 million, offset by a net loss of -$0.9 million . Net Cash Used in Investing Activities increased to -$294,325 for the three months ended March 31, 2026, from -$214,731 for the same period in 2025, primarily due to the purchase of a $0.4 million machine for a new customer in 2026 . Net Cash Provided By Financing Activities shifted to $82,854 for the three months ended March 31, 2026, compared to -$142,442 used in the prior year, mainly due to an increase in debt borrowings from a related party of $0.2 million . The Net Increase in Cash resulted in an increase of $258,140 for the three months ended March 31, 2026, compared to a decrease of -$57,883 for the same period in 2025 . #### Future Outlook and Strategy Syntec Optics Holdings, Inc. expects that cash generated from operations, along with its revolving credit facility and proceeds from a recent public stock offering, will provide sufficient liquidity for at least the next twelve months to fund operations, working capital, capital expenditures, and contractual obligations . The company completed a public equity offering, generating approximately $21.5 million in net proceeds, which it used to repay its revolving line of credit to zero and intends to support ongoing operations, growth initiatives, and strategic investments . Management plans to continue implementing operational efficiency and cost reduction initiatives to improve gross profit and EBITDA in future periods, while also pursuing inorganic growth through bolt-on acquisitions and expanding its manufacturing capabilities to enter new end markets such as communications and sensing . ### Related Stocks - [OPTX.US](https://longbridge.com/en/quote/OPTX.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md) - [OS Therapies to Announce First Quarter 2026 Financials on Monday, May 18, 2026 | OSTX Stock News](https://longbridge.com/en/news/286607728.md)