Optex Systems Holdings (OPXS) Company Overview

OPXS reports 62% year-over-year earnings growth in fiscal 2024, driven by strong military demand and margin expansion.

RICHARDSON, TX / ACCESSWIRE / December 19, 2024 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced financial results for the year ended September 29, 2024. Danny Schoening, CEO of Optex Systems Holdings, Inc., commented, "To build on last year's comments, this was again, another strong year for Optex.

RICHARDSON, TX / ACCESSWIRE / December 11, 2024 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a three-year, Indefinite Delivery Indefinite Quantity (IDIQ) contract for Optically Improved Periscopes from DLA Land and Marine with a maximum value of $6.5 million and two additional option years. Danny Schoening, CEO, Optex Systems stated "Optex continues to support our domestic armored vehicle manufactures through the ongoing supply of laser protected periscopes.

RICHARDSON, TX / ACCESSWIRE / September 23, 2024 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded contracts from two domestic customers in support of ongoing armored vehicle production. The total value is $2.1 million with expected deliveries over the next 18 months.

Find out why Zacks has given Optex Systems an "Outperform" rating, being the first on Wall Street to initiate coverage on the stock. Explore how the company's expanding order backlog, cutting-edge innovations, and strong financial gains drive its growth in the defense sector.

Optex Systems (OPXS) posted strong June-quarter results, with EPS rising significantly year over year, revenues growing by 26%, and gross margin expanding to 31.8%, driven by increased military demand and improved operational efficiencies.