Optex | 8-K: FY2026 Q3 Revenue: USD 9.729 M

Revenue: As of FY2026 Q3, the actual value is USD 9.729 M.

EPS: As of FY2026 Q3, the actual value is USD 0.18.

EBIT: As of FY2026 Q3, the actual value is USD 1.391 M.

Financial Highlights for the Three Months Ended June 28, 2026:

Revenue

Revenue for the quarter was $9.7 million, a -12.4% decrease compared to $11.1 million in the prior year period. The decline was primarily due to approximately $1.5 million of periscope deliveries that slipped into the fourth quarter.

Gross Profit

Gross Profit increased by 5.0% to $3,325 thousand, up from $3,168 thousand in the prior year.

Gross Margin

Gross margin improved to 34.2% from 28.5% in the prior year, representing a 20.0% increase. This improvement was attributed to the completion of legacy loss-making contracts, improved pricing on newer programs, a more favorable product mix, and operational efficiencies.

Operating Income

Operating Income was $1,391 thousand, a -27.2% decrease from $1,911 thousand in the prior year period. Operating expenses increased due to higher research and development investment, leadership transition costs, stock-based compensation expense, and spending related to CMMC compliance and internal systems enhancements.

Net Income

Net income for the quarter was $1.3 million, a -15.2% decrease compared to $1.5 million last year.

Adjusted EBITDA (non-GAAP)

Adjusted EBITDA was $1,764 thousand, a -17.0% decrease compared to $2,126 thousand in the prior year three-month period.

Other Financials (Three Months)

• General and Administrative Expense: $1,934 thousand compared to $1,257 thousand.
• Interest Income (Expense): $28 thousand compared to $0 thousand.
• Income Before Taxes: $1,419 thousand compared to $1,911 thousand.
• Income Tax Expense, net: $139 thousand compared to $401 thousand.

Financial Highlights for the Nine Months Ended June 28, 2026:

Revenue

Nine-month revenue totaled $28.5 million, a -5.1% decrease compared to $30.0 million in the prior-year period. This was negatively impacted by a federal government shutdown and delayed approval of the fiscal 2026 appropriations bill, which postponed contract awards.

Gross Profit

Gross Profit increased by 1.8% to $8,814 thousand, up from $8,658 thousand in the previous year.

Gross Margin

Nine-month gross margin improved to 30.9% from 28.8% in the previous year, a 7.3% increase.

Operating Income

Operating Income was $3,204 thousand, a -36.7% decrease from $5,065 thousand in the prior year period.

Net Income

Net income for the nine months was $2,863 thousand, a -30.5% decrease compared to $4,122 thousand last year.

Adjusted EBITDA (non-GAAP)

Adjusted EBITDA was $4,527 thousand, a -20.6% decrease compared to $5,698 thousand in the prior year nine-month period.

Operational Metrics and Other Financials (Nine Months)

• New Orders: Decreased 19.1% year over year to $19.5 million for the first nine months.
• Working Capital: Increased to $23.9 million, reflecting Optex Systems Holdings, Inc.’s strong liquidity position.
• Cash Balance: Totaled $6.2 million with no outstanding debt under the Company’s revolving credit facility.
• General and Administrative Expense: $5,610 thousand compared to $3,593 thousand.
• Interest Income (Expense): $112 thousand compared to - $12 thousand.
• Income Before Taxes: $3,316 thousand compared to $5,053 thousand.
• Income Tax Expense, net: $453 thousand compared to $931 thousand.
• Capital Investment: Optex Systems Holdings, Inc. invested approximately $1.1 million in capital equipment and committed an additional $2.8 million to expand manufacturing capacity, support new product lines, and enhance rapid prototyping and research capabilities.

Balance Sheet (as of June 28, 2026 vs. September 28, 2025):

Assets

• Cash and Cash Equivalents: $6,175 thousand compared to $6,389 thousand.
• Accounts Receivable, Net: $4,292 thousand compared to $4,569 thousand.
• Inventory, Net: $16,448 thousand compared to $14,322 thousand.
• Current Assets: $27,864 thousand compared to $25,707 thousand.
• Property and Equipment, Net: $2,189 thousand compared to $1,427 thousand.
• Total Assets: $32,481 thousand compared to $30,056 thousand.

Liabilities and Stockholders’ Equity

• Current Liabilities: $3,929 thousand compared to $4,560 thousand.
• Total Liabilities: $4,736 thousand compared to $5,765 thousand.
• Stockholders’ Equity: $27,745 thousand compared to $24,291 thousand.
• Total Liabilities and Stockholders’ Equity: $32,481 thousand compared to $30,056 thousand.

Fiscal 2026 Outlook:

Optex Systems Holdings, Inc. anticipates stronger revenue performance in the fourth quarter of fiscal 2026 and reiterates its full-year revenue guidance of $43 million to $45 million, compared to $41.3 million in fiscal 2025. The company also expects full-year fiscal 2026 Adjusted EBITDA to range between $7.5 million and $8.5 million, compared to $8.0 million in fiscal 2025. Optex Systems Holdings, Inc. expects approximately $4 million in orders for laser filter units and aims to convert $10 million to $12.5 million of outstanding customer quotations into awards over the next six months.