NEWS ER
Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Second Quarter 2024 Financial Results
Syntec Optics Holdings, Inc. (Nasdaq: OPTX) reported Q2 2024 financial results, showing sequential revenue growth and a return to positive EBITDA and EPS. Key highlights include:
- Net sales of $7.01 million, up 12% from Q1 2024
- Adjusted EBITDA increased to $1.32 million from negative $0.67 million in Q1 2024
- EPS improved to $0.01 from negative $0.03 in Q1 2024
The company secured significant orders for space optics, defense microdisplays, and entered the high-growth data center market. Syntec expects Q3 2024 revenue to be between $9.5 - $11.0 million, with continued strength in communications and biomedical end-markets, and additional growth from defense-based product launches.
Syntec Optics Holdings, Inc. (Nasdaq: OPTX) reported Q2 2024 financial results, showing sequential revenue growth and a return to positive EBITDA and EPS. Key highlights include:
- Net sales of $7.01 million, up 12% from Q1 2024
- Adjusted EBITDA increased to $1.32 million from negative $0.67 million in Q1 2024
- EPS improved to $0.01 from negative $0.03 in Q1 2024
The company secured significant orders for space optics, defense microdisplays, and entered the high-growth data center market. Syntec expects Q3 2024 revenue to be between $9.5 - $11.0 million, with continued strength in communications and biomedical end-markets, and additional growth from defense-based product launches.
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