What is Syntec Optics' operating income?

Syntec Optics' total operating income in 2025 was -$517.60 thousand, based on the following breakdown: Total Gross Profit: $6.53 million Total Operating Expenses: $7.05 million

Syntec Optics (OPTXW) Financials

$1.95 -0.33 (-14.47%)

Closing price 03:59 PM Eastern

Extended Trading

$1.92 -0.03 (-1.44%)

As of 07:22 PM Eastern

Compare

Annual Income Statements for Syntec Optics

This table shows Syntec Optics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.43	1.98	-2.48	-1.79
Consolidated Net Income / (Loss)	-0.43	1.98	-2.48	-1.79
Net Income / (Loss) Continuing Operations	-0.43	1.98	-2.48	-1.79
Total Pre-Tax Income	-0.59	1.26	-2.99	-1.35
Total Operating Income	-0.53	1.54	-2.58	-0.52
Total Gross Profit	6.13	7.92	5.70	6.53
Total Revenue	28	29	28	28
Operating Revenue	28	29	28	28
Total Cost of Revenue	22	22	23	22
Operating Cost of Revenue	22	22	23	22
Total Operating Expenses	6.65	6.38	8.28	7.05
Selling, General & Admin Expense	6.65	6.38	8.28	7.05
Total Other Income / (Expense), net	-0.06	-0.28	-0.42	-0.84
Interest Expense	0.34	0.65	0.76	0.80
Other Income / (Expense), net	0.27	0.37	0.35	-0.04
Income Tax Expense	-0.15	-0.72	-0.51	0.44
Basic Earnings per Share	($0.01)	$0.06	($0.07)	($0.05)
Weighted Average Basic Shares Outstanding	31.60M	32.37M	36.69M	36.92M
Diluted Earnings per Share	($0.01)	$0.06	($0.07)	($0.05)
Weighted Average Diluted Shares Outstanding	31.60M	32.37M	36.69M	36.92M
Weighted Average Basic & Diluted Shares Outstanding	6.14M	-	-	36.99M

This table shows Syntec Optics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	1.00	-1.21	0.28	-0.01	-1.54	0.32	-0.34	-1.43	-0.34	-0.90	0.26
Consolidated Net Income / (Loss)	1.00	-1.21	0.28	-0.01	-1.54	0.32	-0.34	-1.43	-0.34	-0.90	0.26
Net Income / (Loss) Continuing Operations	1.00	-1.21	0.28	-0.01	-1.54	0.32	-0.34	-1.43	-0.34	-0.90	0.26
Total Pre-Tax Income	0.14	-1.55	0.31	-0.09	-1.67	0.33	-0.34	-1.43	0.09	-0.90	0.26
Total Operating Income	0.05	-1.41	0.16	0.11	-1.43	0.53	-0.15	-1.22	0.32	-0.78	0.32
Total Gross Profit	1.99	0.71	2.17	1.83	0.99	2.31	1.60	0.85	1.77	0.96	2.14
Total Revenue	8.26	6.26	7.01	7.87	7.32	7.07	6.56	6.95	7.51	6.51	8.27
Operating Revenue	8.26	6.26	7.01	7.87	7.32	7.07	6.56	6.95	7.51	6.51	8.27
Total Cost of Revenue	6.28	5.55	4.83	6.03	6.33	4.76	4.96	6.10	5.74	5.55	6.13
Operating Cost of Revenue	6.28	5.55	4.83	6.03	6.33	4.76	4.96	6.10	5.74	5.55	6.13
Total Operating Expenses	1.94	2.11	2.02	1.73	2.42	1.78	1.74	2.07	1.45	1.74	1.82
Selling, General & Admin Expense	1.94	2.11	2.02	1.73	2.42	1.78	1.74	2.07	1.45	1.74	1.82
Total Other Income / (Expense), net	0.09	-0.14	0.15	-0.20	-0.23	-0.20	-0.20	-0.21	-0.23	-0.12	-0.07
Interest Expense	0.21	0.16	0.17	0.21	0.23	0.20	0.21	0.21	0.17	0.19	0.14
Other Income / (Expense), net	0.30	0.02	0.32	0.01	-0.00	0.01	0.01	0.00	-0.06	0.07	0.08
Income Tax Expense	-0.86	-0.34	0.03	-0.08	-0.13	0.01	0.00	0.00	0.43	0.00	0.00
Basic Earnings per Share	$0.03	($0.03)	$0.01	$0.00	($0.05)	$0.01	($0.01)	($0.04)	($0.01)	($0.02)	$0.01
Weighted Average Basic Shares Outstanding	32.37M	36.69M	36.69M	36.69M	36.69M	36.92M	36.92M	36.92M	36.92M	36.95M	39.19M
Diluted Earnings per Share	$0.03	($0.03)	$0.01	$0.00	($0.05)	$0.01	($0.01)	($0.04)	($0.01)	($0.02)	$0.01
Weighted Average Diluted Shares Outstanding	32.37M	36.69M	36.69M	36.69M	36.69M	36.92M	36.92M	36.92M	36.92M	36.95M	39.19M
Weighted Average Basic & Diluted Shares Outstanding	0.00	36.69M	36.69M	36.69M	0.00	-	-	36.92M	36.99M	40.28M	40.28M

This table details how cash moves in and out of Syntec Optics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-1.78	1.63	-1.56	-0.24
Net Cash From Operating Activities	1.93	2.79	-0.94	0.67
Net Cash From Continuing Operating Activities	1.93	2.79	-0.94	0.67
Net Income / (Loss) Continuing Operations	-0.43	1.98	-2.48	-1.79
Consolidated Net Income / (Loss)	-0.43	1.98	-2.48	-1.79
Depreciation Expense	3.14	2.77	2.77	2.61
Amortization Expense	0.01	0.01	0.02	0.02
Non-Cash Adjustments To Reconcile Net Income	-0.33	-0.20	0.21	0.40
Changes in Operating Assets and Liabilities, net	-0.46	-1.77	-1.45	-0.56
Net Cash From Investing Activities	-0.69	-1.92	-0.93	-0.64
Net Cash From Continuing Investing Activities	-0.69	-1.92	-0.93	-0.64
Purchase of Property, Plant & Equipment	-1.24	-1.92	-1.24	-0.64
Sale of Property, Plant & Equipment	0.52	0.00	0.31	0.00
Net Cash From Financing Activities	-3.02	0.76	0.31	-0.27
Net Cash From Continuing Financing Activities	-3.02	0.76	0.31	-0.27
Repayment of Debt	-1.14	-2.77	-0.42	-1.74
Issuance of Debt	-1.60	1.75	0.83	1.77
Other Financing Activities, net	0.00	1.85	-0.09	-0.30
Cash Interest Paid	0.32	0.65	0.74	0.76
Cash Income Taxes Paid	0.16	0.28	0.57	0.00

This table details how cash moves in and out of Syntec Optics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	2.05	0.63	-0.85	-0.35	0.12	-0.06	-0.25	0.29	-0.22	0.26	13
Net Cash From Operating Activities	1.69	-0.29	-1.69	0.42	0.62	0.30	-0.16	0.54	-0.00	0.47	-0.30
Net Cash From Continuing Operating Activities	1.69	-0.29	-1.69	0.42	0.62	0.30	-0.16	0.54	-0.00	0.47	-0.30
Net Income / (Loss) Continuing Operations	1.00	-1.21	0.28	-0.01	-1.54	0.32	-0.34	-1.43	-0.34	-0.90	0.26
Consolidated Net Income / (Loss)	1.00	-1.21	0.28	-0.01	-1.54	0.32	-0.34	-1.43	-0.34	-0.90	0.26
Depreciation Expense	0.67	0.70	0.69	0.74	0.64	0.71	0.68	0.65	0.58	0.54	0.53
Amortization Expense	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.01
Non-Cash Adjustments To Reconcile Net Income	-0.17	0.18	-0.23	0.15	0.10	0.04	0.02	0.18	0.16	0.18	0.09
Changes in Operating Assets and Liabilities, net	0.17	0.04	-2.44	-0.46	1.41	-0.77	-0.51	1.13	-0.40	0.64	-1.19
Net Cash From Investing Activities	-0.94	-0.10	0.15	-0.37	-0.61	-0.21	-0.39	-0.04	-0.00	-0.29	-0.78
Net Cash From Continuing Investing Activities	-0.94	-0.10	0.15	-0.37	-0.61	-0.21	-0.39	-0.04	-0.00	-0.29	-0.78
Purchase of Property, Plant & Equipment	-0.94	-0.10	-0.16	-0.37	-0.61	-0.21	-0.39	-0.04	-0.00	-0.29	-0.78
Net Cash From Financing Activities	1.31	1.01	0.69	-0.40	0.11	-0.14	0.29	-0.21	-0.21	0.08	15
Net Cash From Continuing Financing Activities	1.31	1.01	0.69	-0.40	0.11	-0.14	0.29	-0.21	-0.21	0.08	15
Repayment of Debt	-2.14	-0.09	0.96	-0.11	-0.09	-0.11	0.27	-0.12	-1.39	-0.02	-0.06
Issuance of Debt	1.60	1.10	-0.27	-0.20	0.20	0.00	-	-	1.27	0.20	-6.76
Other Financing Activities, net	1.85	0.00	-	-0.09	-0.00	-0.03	0.03	-0.09	-0.09	-0.09	-0.10
Cash Interest Paid	0.20	0.16	0.12	0.18	0.28	0.20	0.21	0.21	0.13	0.16	-0.05

This table presents Syntec Optics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	147	22	27	26	24
Total Current Assets	0.67	11	15	14	15
Cash & Equivalents	0.49	0.53	2.16	0.60	0.36
Accounts Receivable	-	5.93	6.80	5.74	6.24
Inventories, net	-	3.63	5.83	6.95	7.88
Prepaid Expenses	0.17	0.69	0.36	0.60	0.66
Plant, Property, & Equipment, net	0.00	12	11	12	9.17
Total Noncurrent Assets	147	0.00	0.30	0.44	0.00
Total Liabilities & Shareholders' Equity	147	22	27	26	24
Total Liabilities	5.24	13	13	15	15
Total Current Liabilities	0.20	9.45	11	11	11
Short-Term Debt	-	8.02	6.90	6.73	7.26
Accounts Payable	0.20	0.41	3.04	2.71	2.69
Accrued Expenses	-	0.54	1.07	0.81	0.68
Current Deferred Revenue	-	0.35	0.00	0.04	0.07
Current Deferred & Payable Income Tax Liabilities	0.00	0.11	0.37	-	0.17
Other Current Liabilities	-	0.01	0.00	0.28	0.35
Total Noncurrent Liabilities	5.03	3.55	2.10	4.40	3.54
Long-Term Debt	-	1.91	2.02	2.61	2.13
Other Noncurrent Operating Liabilities	5.03	0.06	0.00	1.78	1.41
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-4.43	9.46	13	11	9.54
Total Preferred & Common Equity	-4.43	9.46	13	11	9.54
Total Common Equity	-4.43	9.46	13	11	9.54
Common Stock	0.00	0.24	1.93	2.38	2.68
Retained Earnings	-4.43	9.22	11	8.65	6.86

This table presents Syntec Optics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	15	25	26	27	26	25	25	24	39
Total Current Assets	0.36	14	15	14	15	15	15	14	30
Cash & Equivalents	0.33	1.68	0.83	0.48	0.54	0.29	0.58	0.62	14
Accounts Receivable	-	5.09	5.94	5.82	6.32	6.04	5.82	5.44	7.26
Inventories, net	-	6.47	7.50	7.56	7.60	7.99	7.92	7.80	7.58
Prepaid Expenses	0.04	0.40	0.30	0.34	0.56	0.32	0.25	0.51	0.76
Plant, Property, & Equipment, net	0.00	11	11	12	11	10	9.74	9.14	9.19
Total Noncurrent Assets	14	0.39	0.55	0.67	0.27	0.27	0.27	0.00	0.00
Total Liabilities & Shareholders' Equity	15	25	26	27	26	25	25	24	39
Total Liabilities	1.64	13	14	15	15	14	15	15	8.36
Total Current Liabilities	1.14	9.81	11	11	11	10	12	11	4.96
Short-Term Debt	0.69	5.88	6.72	6.53	6.74	0.48	1.46	7.32	0.57
Accounts Payable	0.37	2.39	2.57	2.49	2.66	1.85	2.36	2.43	2.06
Accrued Expenses	-	1.27	1.20	1.22	0.98	0.82	1.02	0.86	0.98
Current Deferred Revenue	-	0.02	0.28	0.08	0.03	0.03	0.02	0.07	0.82
Current Deferred & Payable Income Tax Liabilities	0.08	0.25	0.05	0.09	-	-	-	0.17	0.17
Other Current Liabilities	-	-	-	0.18	0.37	7.10	7.11	0.36	0.37
Total Noncurrent Liabilities	0.50	2.95	2.81	4.59	4.17	3.98	2.80	3.57	3.40
Long-Term Debt	-	2.95	2.81	2.70	2.50	2.37	1.29	2.25	2.19
Other Noncurrent Operating Liabilities	0.50	-	-	1.89	1.68	1.61	1.51	1.31	1.21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	-1.11	12	12	12	11	11	9.81	8.72	30
Total Preferred & Common Equity	-1.11	12	12	12	11	11	9.81	8.72	30
Total Common Equity	-1.11	12	12	12	11	11	9.81	8.72	30
Common Stock	0.00	1.93	1.93	1.93	2.38	2.38	2.61	2.76	24
Retained Earnings	-1.12	9.92	10	10	8.98	8.63	7.20	5.96	6.22

This table displays calculated financial ratios and metrics derived from Syntec Optics' official financial filings.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	19,166,667.00	6,139,716.00	36,688,266.00	36,920,226.00
DEI Adjusted Shares Outstanding	19,166,667.00	6,139,716.00	36,688,266.00	36,920,226.00
DEI Earnings Per Adjusted Shares Outstanding	-0.02	0.32	-0.07	-0.05
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	5.75%	-3.37%	-1.29%
EBITDA Growth	0.00%	61.96%	-88.26%	275.76%
EBIT Growth	0.00%	854.48%	-216.61%	75.00%
NOPAT Growth	0.00%	755.19%	-174.44%	79.91%
Net Income Growth	0.00%	554.80%	-225.46%	27.68%
EPS Growth	0.00%	700.00%	-216.67%	28.57%
Operating Cash Flow Growth	0.00%	44.77%	-133.77%	171.34%
Free Cash Flow Firm Growth	0.00%	0.00%	-225.30%	148.14%
Invested Capital Growth	0.00%	5.44%	-0.25%	-6.10%
Revenue Q/Q Growth	0.00%	-39.94%	-3.21%	0.66%
EBITDA Q/Q Growth	0.00%	221.46%	-76.70%	368.77%
EBIT Q/Q Growth	0.00%	30.95%	-402.23%	75.23%
NOPAT Q/Q Growth	0.00%	137.03%	-136.05%	77.20%
Net Income Q/Q Growth	0.00%	536.21%	-4,159.89%	40.00%
EPS Q/Q Growth	0.00%	0.00%	-800.00%	44.44%
Operating Cash Flow Q/Q Growth	0.00%	-19.55%	-880.60%	-48.27%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	92.22%	-88.44%
Invested Capital Q/Q Growth	0.00%	2,274.99%	-5.22%	55.11%
Profitability Metrics	-	-	-	-
Gross Margin	22.01%	26.90%	20.04%	23.25%
EBITDA Margin	10.41%	15.94%	1.94%	7.38%
Operating Margin	-1.90%	5.23%	-9.06%	-1.84%
EBIT Margin	-0.91%	6.49%	-7.84%	-1.99%
Profit (Net Income) Margin	-1.56%	6.71%	-8.72%	-6.39%
Tax Burden Percent	73.73%	157.20%	82.81%	132.51%
Interest Burden Percent	232.57%	65.76%	134.31%	242.75%
Effective Tax Rate	0.00%	-57.20%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.97%	12.54%	-9.11%	-1.89%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.66%	7.00%	-17.82%	-17.98%
Return on Net Nonoperating Assets (RNNOA)	-2.63%	5.01%	-11.47%	-15.54%
Return on Equity (ROE)	-4.59%	17.55%	-20.58%	-17.43%
Cash Return on Invested Capital (CROIC)	0.00%	7.25%	-8.86%	4.40%
Operating Return on Assets (OROA)	-0.30%	7.80%	-8.48%	-2.22%
Return on Assets (ROA)	-0.51%	8.07%	-9.44%	-7.13%
Return on Common Equity (ROCE)	-0.15%	17.55%	-20.58%	-17.43%
Return on Equity Simple (ROE_SIMPLE)	-4.59%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.37	2.42	-1.80	-0.36
NOPAT Margin	-1.33%	8.23%	-6.34%	-1.29%
Net Nonoperating Expense Percent (NNEP)	0.69%	5.54%	8.72%	16.09%
Return On Investment Capital (ROIC_SIMPLE)	-	11.02%	-8.85%	-1.91%
Cost of Revenue to Revenue	77.99%	73.10%	79.96%	76.75%
SG&A Expenses to Revenue	23.90%	21.67%	29.10%	25.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.90%	21.67%	29.10%	25.09%
Earnings before Interest and Taxes (EBIT)	-0.25	1.91	-2.23	-0.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.90	4.69	0.55	2.07
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	20.26	2.36	8.38	11.07
Price to Tangible Book Value (P/TBV)	20.26	2.42	8.38	11.07
Price to Revenue (P/Rev)	6.88	1.05	3.25	3.76
Price to Earnings (P/E)	0.00	15.63	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	6.40%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	10.69	1.90	5.12	6.17
Enterprise Value to Revenue (EV/Rev)	7.22	1.28	3.56	4.08
Enterprise Value to EBITDA (EV/EBITDA)	69.38	8.02	183.60	55.34
Enterprise Value to EBIT (EV/EBIT)	0.00	19.69	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	15.54	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	104.26	13.48	0.00	170.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	26.89	0.00	135.75
Leverage & Solvency	-	-	-	-
Debt to Equity	1.05	0.68	0.85	0.98
Long-Term Debt to Equity	0.20	0.16	0.24	0.22
Financial Leverage	0.99	0.72	0.64	0.86
Leverage Ratio	1.12	2.18	2.18	2.45
Compound Leverage Factor	2.61	1.43	2.93	5.94
Debt to Total Capital	51.23%	40.59%	45.86%	49.61%
Short-Term Debt to Total Capital	41.37%	31.38%	33.03%	38.36%
Long-Term Debt to Total Capital	9.86%	9.21%	12.83%	11.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	48.77%	59.41%	54.12%	50.39%
Debt to EBITDA	3.43	1.90	16.96	4.53
Net Debt to EBITDA	3.25	1.44	15.87	4.36
Long-Term Debt to EBITDA	0.66	0.43	4.74	1.03
Debt to NOPAT	-26.88	3.68	-5.18	-25.92
Net Debt to NOPAT	-25.45	2.79	-4.85	-24.93
Long-Term Debt to NOPAT	-5.18	0.84	-1.45	-5.88
Altman Z-Score	10.70	3.48	5.14	5.96
Noncontrolling Interest Sharing Ratio	96.69%	0.00%	0.02%	0.02%
Liquidity Ratios	-	-	-	-
Current Ratio	1.14	1.33	1.31	1.35
Quick Ratio	0.68	0.79	0.60	0.59
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1.40	-1.75	0.84
Operating Cash Flow to CapEx	265.57%	145.34%	-101.29%	104.40%
Free Cash Flow to Firm to Interest Expense	0.00	2.14	-2.29	1.06
Operating Cash Flow to Interest Expense	5.74	4.26	-1.23	0.85
Operating Cash Flow Less CapEx to Interest Expense	3.58	1.33	-2.45	0.04
Efficiency Ratios	-	-	-	-
Asset Turnover	0.33	1.20	1.08	1.12
Accounts Receivable Turnover	0.00	4.63	4.54	4.69
Inventory Turnover	0.00	4.55	3.56	2.91
Fixed Asset Turnover	0.00	2.59	2.50	2.70
Accounts Payable Turnover	70.48	12.46	7.91	7.99
Days Sales Outstanding (DSO)	0.00	78.88	80.44	77.86
Days Inventory Outstanding (DIO)	0.00	80.23	102.59	125.64
Days Payable Outstanding (DPO)	5.18	29.29	46.12	45.71
Cash Conversion Cycle (CCC)	-5.18	129.82	136.91	157.79
Capital & Investment Metrics	-	-	-	-
Invested Capital	19	20	20	19
Invested Capital Turnover	1.48	1.52	1.44	1.46
Increase / (Decrease) in Invested Capital	0.00	1.02	-0.05	-1.21
Enterprise Value (EV)	201	38	101	115
Market Capitalization	192	31	92	106
Book Value per Share	$0.49	$2.13	$0.30	$0.26
Tangible Book Value per Share	$0.49	$2.08	$0.30	$0.26
Total Capital	19	22	20	19
Total Debt	9.94	8.93	9.35	9.39
Total Long-Term Debt	1.91	2.02	2.61	2.13
Net Debt	9.41	6.77	8.75	9.03
Capital Expenditures (CapEx)	0.73	1.92	0.93	0.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.82	8.51	9.46	11
Debt-free Net Working Capital (DFNWC)	9.35	11	10	11
Net Working Capital (NWC)	1.32	3.77	3.32	3.91
Net Nonoperating Expense (NNE)	0.06	0.45	0.68	1.43
Net Nonoperating Obligations (NNO)	9.35	6.77	8.75	9.03
Total Depreciation and Amortization (D&A)	3.15	2.78	2.78	2.63
Debt-free, Cash-free Net Working Capital to Revenue	31.68%	28.90%	33.24%	38.52%
Debt-free Net Working Capital to Revenue	33.57%	36.24%	35.35%	39.79%
Net Working Capital to Revenue	4.74%	12.80%	11.69%	13.93%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.10	$0.06	($0.07)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	18.77M	32.37M	36.69M	36.92M
Adjusted Diluted Earnings per Share	$0.00	$0.06	($0.07)	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	6.14M	32.37M	36.69M	36.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	6.14M	0.00	0.00	36.99M
Normalized Net Operating Profit after Tax (NOPAT)	-0.37	1.08	-1.80	-0.36
Normalized NOPAT Margin	-1.33%	3.66%	-6.34%	-1.29%
Pre Tax Income Margin	-2.12%	4.27%	-10.53%	-4.82%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	-0.75	2.92	-2.91	-0.70
NOPAT to Interest Expense	-1.10	3.70	-2.36	-0.46
EBIT Less CapEx to Interest Expense	-2.92	-0.01	-4.13	-1.51
NOPAT Less CapEx to Interest Expense	-3.26	0.77	-3.57	-1.26
Payout Ratios	-	-	-	-
Dividend Payout Ratio	-64.61%	3.14%	0.00%	0.00%
Augmented Payout Ratio	-64.61%	3.14%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Syntec Optics' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	6,139,716.00	6,139,716.00	73,376,532.00	36,688,266.00	36,688,266.00	36,688,266.00	36,688,266.00	36,688,266.00	36,920,226.00	36,994,164.00	40,279,878.00
DEI Adjusted Shares Outstanding	6,139,716.00	6,139,716.00	73,376,532.00	36,688,266.00	36,688,266.00	36,688,266.00	36,688,266.00	36,688,266.00	36,920,226.00	36,994,164.00	40,279,878.00
DEI Earnings Per Adjusted Shares Outstanding	0.16	-0.20	0.00	0.00	-0.04	0.01	-0.01	-0.04	-0.01	-0.02	0.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-70.32%	-9.13%	-8.92%	19.18%	-11.40%	13.00%	-6.37%	-11.65%	2.51%	-7.86%	26.14%
EBITDA Growth	3,518.97%	-174.90%	-21.93%	-31.24%	-176.06%	280.79%	-111.53%	-166.20%	207.88%	-113.06%	72.82%
EBIT Growth	1,264.02%	-813.53%	-41.43%	-79.14%	-508.96%	138.49%	-128.22%	-1,157.97%	117.98%	-232.31%	396.08%
NOPAT Growth	1,788.40%	-718.17%	-77.41%	-85.51%	-381.81%	152.11%	-171.23%	-1,247.03%	-26.21%	-205.84%	413.93%
Net Income Growth	250.83%	-2,380.46%	-50.36%	-103.75%	-253.65%	126.77%	-222.03%	-10,654.26%	77.66%	-377.40%	174.50%
EPS Growth	0.00%	0.00%	-50.00%	-100.00%	-266.67%	133.33%	-200.00%	0.00%	80.00%	-300.00%	200.00%
Operating Cash Flow Growth	-28.68%	-155.03%	-2,881.27%	-19.32%	-63.03%	203.26%	0.00%	28.28%	-100.62%	56.91%	-89.18%
Free Cash Flow Firm Growth	0.00%	-427.74%	-729.52%	-494.28%	-43.23%	97.44%	132.15%	137.05%	93.69%	446.34%	-173.84%
Invested Capital Growth	5.44%	2,769.32%	1,442.34%	2,388.96%	-0.25%	5.48%	-34.82%	-42.62%	-6.10%	-11.85%	41.25%
Revenue Q/Q Growth	25.20%	-57.91%	11.99%	12.28%	-6.92%	-3.45%	0.00%	5.96%	7.99%	-13.22%	27.03%
EBITDA Q/Q Growth	-17.10%	-165.18%	269.63%	-26.98%	-191.72%	259.14%	0.00%	-319.25%	249.45%	-119.26%	677.24%
EBIT Q/Q Growth	-36.24%	-231.11%	134.46%	-75.99%	-1,349.65%	137.23%	0.00%	-800.10%	121.24%	-373.89%	156.54%
NOPAT Q/Q Growth	-30.59%	-146.91%	114.59%	-48.25%	-1,449.85%	151.13%	0.00%	-733.23%	-48.53%	57.12%	159.16%
Net Income Q/Q Growth	182.97%	-188.40%	123.31%	-104.72%	-11,481.55%	121.03%	0.00%	-315.54%	75.94%	-161.13%	128.54%
EPS Q/Q Growth	200.00%	-175.00%	133.33%	-100.00%	0.00%	120.00%	0.00%	-300.00%	75.00%	-100.00%	150.00%
Operating Cash Flow Q/Q Growth	226.26%	-108.72%	-484.47%	124.63%	49.48%	-52.02%	0.00%	0.00%	-100.73%	12,159.86%	-163.67%
Free Cash Flow Firm Q/Q Growth	81.75%	-2,022.86%	-7.44%	2.42%	95.60%	44.55%	0.00%	12.43%	-100.75%	3,141.23%	-388.13%
Invested Capital Q/Q Growth	2,274.99%	-4.15%	9.62%	0.16%	-5.22%	1.36%	0.00%	-11.84%	55.11%	-4.84%	8.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.06%	11.31%	31.04%	23.31%	13.48%	32.66%	24.36%	12.29%	23.57%	14.75%	25.90%
EBITDA Margin	12.47%	-11.03%	16.71%	10.86%	-10.71%	17.65%	-2.06%	-8.14%	11.27%	-2.50%	11.36%
Operating Margin	0.62%	-22.49%	2.26%	1.35%	-19.59%	7.48%	-2.23%	-17.53%	4.25%	-11.91%	3.88%
EBIT Margin	4.25%	-22.18%	6.83%	1.46%	-19.60%	7.56%	-2.06%	-17.48%	3.44%	-10.85%	4.83%
Profit (Net Income) Margin	12.12%	-19.33%	4.02%	-0.17%	-21.02%	4.58%	-5.24%	-20.56%	-4.58%	-13.78%	3.10%
Tax Burden Percent	700.74%	78.13%	90.65%	14.56%	92.35%	97.12%	100.00%	100.00%	-397.43%	100.00%	100.00%
Interest Burden Percent	40.74%	111.52%	65.02%	-79.48%	116.15%	62.39%	254.85%	117.65%	33.53%	127.04%	64.13%
Effective Tax Rate	-600.74%	0.00%	9.35%	0.00%	0.00%	2.88%	0.00%	0.00%	497.43%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.57%	-49.59%	5.98%	2.78%	-19.69%	10.88%	0.00%	-20.85%	-24.72%	-12.17%	6.93%
ROIC Less NNEP Spread (ROIC-NNEP)	14.58%	-43.18%	1.41%	6.07%	-26.59%	8.49%	0.00%	-31.41%	-14.34%	-16.19%	8.43%
Return on Net Nonoperating Assets (RNNOA)	10.43%	11.95%	-0.34%	-1.28%	-17.12%	5.79%	0.00%	-15.63%	-12.39%	-14.23%	-1.77%
Return on Equity (ROE)	17.00%	-37.64%	5.65%	1.50%	-36.82%	16.67%	0.00%	-36.48%	-37.11%	-26.41%	5.16%
Cash Return on Invested Capital (CROIC)	7.25%	-103.97%	-109.70%	-108.03%	-8.86%	-7.63%	0.00%	44.49%	4.40%	5.84%	-39.98%
Operating Return on Assets (OROA)	5.10%	-32.88%	9.45%	2.04%	-21.22%	8.69%	0.00%	-18.80%	3.84%	-12.00%	4.40%
Return on Assets (ROA)	14.56%	-28.65%	5.57%	-0.24%	-22.76%	5.26%	0.00%	-22.11%	-5.11%	-15.24%	2.82%
Return on Common Equity (ROCE)	17.00%	-16.81%	2.49%	0.65%	-36.81%	16.67%	0.00%	-36.48%	-37.10%	-26.40%	5.16%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.36	-0.98	0.14	0.07	-1.00	0.51	-0.10	-0.85	-1.27	-0.54	0.32
NOPAT Margin	4.31%	-15.74%	2.05%	0.95%	-13.71%	7.26%	-1.56%	-12.27%	-16.88%	-8.34%	3.88%
Net Nonoperating Expense Percent (NNEP)	-8.01%	-6.41%	4.58%	-3.29%	6.90%	2.39%	4.29%	10.56%	-10.38%	4.02%	-1.49%
Return On Investment Capital (ROIC_SIMPLE)	1.62%	-4.76%	0.66%	0.35%	-4.93%	2.49%	-0.74%	-6.80%	-6.69%	-2.97%	0.97%
Cost of Revenue to Revenue	75.94%	88.69%	68.96%	76.69%	86.52%	67.34%	75.64%	87.71%	76.43%	85.25%	74.10%
SG&A Expenses to Revenue	23.45%	33.80%	28.77%	21.96%	33.07%	25.18%	26.59%	29.83%	19.32%	26.67%	22.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.45%	33.80%	28.77%	21.96%	33.07%	25.18%	26.59%	29.83%	19.32%	26.67%	22.02%
Earnings before Interest and Taxes (EBIT)	0.35	-1.39	0.48	0.11	-1.43	0.53	-0.13	-1.21	0.26	-0.71	0.40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.03	-0.69	1.17	0.85	-0.78	1.25	-0.13	-0.57	0.85	-0.16	0.94
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.36	1.97	9.22	3.72	8.38	3.91	4.46	5.80	11.07	29.83	16.46
Price to Tangible Book Value (P/TBV)	2.42	2.02	9.43	3.80	8.38	3.91	4.46	5.80	11.07	29.83	16.46
Price to Revenue (P/Rev)	1.05	0.81	3.98	1.54	3.25	1.52	0.00	2.04	3.76	9.45	17.15
Price to Earnings (P/E)	15.63	32.66	261.24	738.85	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.40%	3.06%	0.38%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.90	1.60	5.79	2.58	5.12	2.65	3.81	4.93	6.17	15.22	25.55
Enterprise Value to Revenue (EV/Rev)	1.28	1.06	4.29	1.83	3.56	1.81	0.00	2.12	4.08	9.77	16.76
Enterprise Value to EBITDA (EV/EBITDA)	8.02	9.89	43.79	22.77	183.60	21.33	0.00	133.60	55.34	407.00	463.67
Enterprise Value to EBIT (EV/EBIT)	19.69	92.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	15.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.48	15.43	546.47	446.04	0.00	0.00	0.00	45.40	170.41	319.15	698.27
Enterprise Value to Free Cash Flow (EV/FCFF)	26.89	0.00	0.00	0.00	0.00	0.00	0.00	8.08	135.75	244.39	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.75	0.79	0.76	0.85	0.81	0.26	0.28	0.98	1.10	0.09
Long-Term Debt to Equity	0.16	0.25	0.23	0.22	0.24	0.22	0.22	0.13	0.22	0.26	0.07
Financial Leverage	0.72	-0.28	-0.24	-0.21	0.64	0.68	0.49	0.50	0.86	0.88	-0.21
Leverage Ratio	2.18	1.54	1.60	1.67	2.18	2.19	2.21	2.37	2.45	2.48	1.55
Compound Leverage Factor	0.89	1.71	1.04	-1.32	2.53	1.37	5.62	2.78	0.82	3.15	0.99
Debt to Total Capital	40.59%	42.71%	43.99%	43.21%	45.86%	44.84%	20.59%	21.85%	49.61%	52.34%	8.30%
Short-Term Debt to Total Capital	31.38%	28.44%	31.01%	30.57%	33.03%	32.72%	3.48%	11.59%	38.36%	40.03%	1.71%
Long-Term Debt to Total Capital	9.21%	14.27%	12.98%	12.64%	12.83%	12.12%	17.11%	10.26%	11.25%	12.31%	6.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.41%	57.29%	56.01%	56.79%	54.12%	55.14%	79.41%	78.15%	50.39%	47.66%	91.70%
Debt to EBITDA	1.90	2.87	3.46	3.90	16.96	3.71	0.00	6.21	4.53	14.48	2.61
Net Debt to EBITDA	1.44	2.32	3.16	3.70	15.87	3.49	0.00	4.90	4.36	13.55	-10.68
Long-Term Debt to EBITDA	0.43	0.96	1.02	1.14	4.74	1.00	0.00	2.91	1.03	3.41	2.07
Debt to NOPAT	3.68	-211.40	-20.37	-12.07	-5.18	-20.59	0.00	-1.73	-25.92	-7.51	-2.91
Net Debt to NOPAT	2.79	-171.12	-18.59	-11.45	-4.85	-19.38	0.00	-1.36	-24.93	-7.02	11.91
Long-Term Debt to NOPAT	0.84	-70.65	-6.01	-3.53	-1.45	-5.57	0.00	-0.81	-5.88	-1.77	-2.31
Altman Z-Score	3.28	2.83	6.81	3.55	5.24	3.64	0.00	3.82	6.07	12.14	37.75
Noncontrolling Interest Sharing Ratio	0.00%	55.35%	55.96%	56.48%	0.02%	0.02%	0.00%	0.00%	0.02%	0.02%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.39	1.35	1.34	1.31	1.40	1.42	1.22	1.35	1.28	5.97
Quick Ratio	0.79	0.69	0.63	0.59	0.60	0.64	0.61	0.53	0.59	0.54	4.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.67	-21	-22	-22	-0.95	-0.53	7.15	8.04	-0.06	1.83	-5.28
Operating Cash Flow to CapEx	179.21%	-304.40%	-1,061.77%	111.73%	101.98%	139.38%	0.00%	1,371.27%	-804.55%	159.56%	-38.52%
Free Cash Flow to Firm to Interest Expense	-3.21	-129.52	-133.02	-105.34	-4.12	-2.63	34.23	37.50	-0.35	9.59	-36.85
Operating Cash Flow to Interest Expense	8.12	-1.81	-10.13	2.03	2.69	1.49	0.00	2.50	-0.02	2.46	-2.09
Operating Cash Flow Less CapEx to Interest Expense	3.59	-2.41	-11.08	0.21	0.05	0.42	0.00	2.31	-0.03	0.92	-7.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.48	1.38	1.40	1.08	1.15	0.00	1.08	1.12	1.11	0.91
Accounts Receivable Turnover	4.63	0.00	0.00	0.00	4.54	5.13	0.00	4.79	4.69	4.68	4.40
Inventory Turnover	4.55	0.00	0.00	0.00	3.56	3.12	0.00	2.86	2.91	2.90	3.02
Fixed Asset Turnover	2.59	0.00	0.00	0.00	2.50	2.71	0.00	2.52	2.70	2.73	2.99
Accounts Payable Turnover	12.46	16.52	14.41	15.85	7.91	8.71	0.00	9.13	7.99	8.78	12.02
Days Sales Outstanding (DSO)	78.88	0.00	0.00	0.00	80.44	71.20	0.00	76.16	77.86	77.98	83.00
Days Inventory Outstanding (DIO)	80.23	0.00	0.00	0.00	102.59	116.92	0.00	127.55	125.64	125.72	120.85
Days Payable Outstanding (DPO)	29.29	22.09	25.32	23.03	46.12	41.92	0.00	39.98	45.71	41.56	30.37
Cash Conversion Cycle (CCC)	129.82	-22.09	-25.32	-23.03	136.91	146.20	0.00	163.74	157.79	162.13	173.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	19	21	21	20	20	14	12	19	18	19
Invested Capital Turnover	1.52	3.15	2.92	2.95	1.44	1.50	0.00	1.70	1.46	1.46	1.78
Increase / (Decrease) in Invested Capital	1.02	20	22	22	-0.05	1.04	-7.26	-8.90	-1.21	-2.38	5.60
Enterprise Value (EV)	38	30	121	54	101	53	52	59	115	269	490
Market Capitalization	31	23	112	45	92	44	49	57	106	260	501
Book Value per Share	$2.13	$1.93	$0.33	$0.33	$0.30	$0.31	$0.30	$0.27	$0.26	$0.24	$0.76
Tangible Book Value per Share	$2.08	$1.89	$0.32	$0.32	$0.30	$0.31	$0.30	$0.27	$0.26	$0.24	$0.76
Total Capital	22	21	22	21	20	21	14	13	19	18	33
Total Debt	8.93	8.84	9.53	9.22	9.35	9.23	2.86	2.74	9.39	9.57	2.76
Total Long-Term Debt	2.02	2.95	2.81	2.70	2.61	2.50	2.37	1.29	2.13	2.25	2.19
Net Debt	6.77	7.15	8.70	8.75	8.75	8.69	2.57	2.17	9.03	8.96	-11
Capital Expenditures (CapEx)	0.94	0.10	0.16	0.37	0.61	0.21	0.00	0.04	0.00	0.29	0.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.51	8.04	9.64	9.65	9.46	10	4.54	3.48	11	9.85	11
Debt-free Net Working Capital (DFNWC)	11	9.72	10	10	10	11	4.83	4.06	11	10	25
Net Working Capital (NWC)	3.77	3.84	3.75	3.61	3.32	4.25	4.34	2.60	3.91	3.15	25
Net Nonoperating Expense (NNE)	-0.65	0.22	-0.14	0.09	0.54	0.19	0.24	0.58	-0.92	0.35	0.07
Net Nonoperating Obligations (NNO)	6.77	7.15	8.70	8.75	8.75	8.69	2.57	2.17	9.03	8.96	-11
Total Depreciation and Amortization (D&A)	0.68	0.70	0.69	0.74	0.65	0.71	0.00	0.65	0.59	0.54	0.54
Debt-free, Cash-free Net Working Capital to Revenue	28.90%	27.89%	34.27%	32.85%	33.24%	35.72%	0.00%	12.47%	38.52%	35.79%	38.33%
Debt-free Net Working Capital to Revenue	36.24%	33.74%	37.22%	34.47%	35.35%	37.57%	0.00%	14.54%	39.79%	38.03%	86.36%
Net Working Capital to Revenue	12.80%	13.31%	13.33%	12.27%	11.69%	14.54%	0.00%	9.32%	13.93%	11.43%	84.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($0.03)	$0.01	$0.00	($0.05)	$0.01	($0.01)	($0.04)	($0.01)	($0.02)	$0.01
Adjusted Weighted Average Basic Shares Outstanding	32.37M	36.69M	36.69M	36.69M	36.69M	36.92M	36.92M	36.92M	36.92M	36.95M	39.19M
Adjusted Diluted Earnings per Share	$0.03	($0.03)	$0.01	$0.00	($0.05)	$0.01	($0.01)	($0.04)	($0.01)	($0.02)	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	32.37M	36.69M	36.69M	36.69M	36.69M	36.92M	36.92M	36.92M	36.92M	36.95M	39.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	36.69M	36.69M	36.69M	0.00	0.00	0.00	36.92M	36.99M	40.28M	40.28M
Normalized Net Operating Profit after Tax (NOPAT)	0.04	-0.98	0.14	0.07	-1.00	0.51	-0.10	-0.85	0.22	-0.54	0.22
Normalized NOPAT Margin	0.43%	-15.74%	2.05%	0.95%	-13.71%	7.26%	-1.56%	-12.27%	2.97%	-8.34%	2.72%
Pre Tax Income Margin	1.73%	-24.74%	4.44%	-1.16%	-22.76%	4.71%	-5.24%	-20.56%	1.15%	-13.78%	3.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.69	-8.68	2.86	0.56	-6.19	2.66	-0.65	-5.67	1.50	-3.70	2.79
NOPAT to Interest Expense	1.71	-6.16	0.86	0.36	-4.33	2.55	-0.49	-3.98	-7.39	-2.84	2.24
EBIT Less CapEx to Interest Expense	-2.84	-9.28	1.91	-1.26	-8.83	1.59	0.00	-5.85	1.50	-5.24	-2.63
NOPAT Less CapEx to Interest Expense	-2.82	-6.76	-0.09	-1.45	-6.97	1.49	0.00	-4.16	-7.39	-4.38	-3.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	3.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Syntec Optics’ Q2 2026 results showed a significant sequential improvement in profitability and revenue. Revenue increased to $8.3 million, up from $6.5 million in Q1 2026 and $6.6 million in Q2 2025. Gross profit rose to $2.1 million, producing a gross margin of approximately 25.9%, compared with 14.8% in Q1. The company also returned to positive operating income of $321,000 and net income of $256,000, or $0.01 per diluted share, after reporting a $898,000 net loss in Q1.

Over the broader period provided, revenue has remained volatile but generally recovered from the weaker 2024 and 2025 quarters. Q2 2026 revenue was approximately 18% higher than Q2 2024 and 25% higher than Q2 2025. Profitability, however, has been inconsistent. Syntec Optics recorded profits in Q3 2023, Q4 2023 and Q2 2024, but reported losses in several quarters during 2024 and 2025 before the Q2 2026 rebound.

The balance sheet strengthened sharply during Q2, although the improvement was driven primarily by financing rather than internally generated cash. Cash increased from $617,000 at the end of Q1 to $14.0 million at the end of Q2. Total current assets more than doubled to $29.7 million, while current liabilities declined to $5.0 million. This resulted in a current ratio of roughly 6.0, providing substantially more short-term liquidity.

Revenue momentum improved: Q2 2026 revenue of $8.3 million was the highest among the comparable Q2 periods provided and increased approximately 26% year over year.
Profitability recovered: The company moved from a $898,000 net loss in Q1 2026 to $256,000 of net income in Q2, while operating income improved by nearly $1.1 million sequentially.
Gross margins rebounded: Gross margin increased to approximately 25.9% in Q2 2026 from 14.8% in Q1 2026, indicating better production economics or product mix.
Liquidity improved materially: Cash rose to $14.0 million, and the current ratio reached approximately 6.0 at June 30, 2026.
Leverage eased on the balance sheet: Total liabilities declined to $8.4 million from $14.8 million in Q1, while long-term debt decreased modestly to $2.2 million.
Capital investment continued: Syntec Optics spent $776,000 on property, plant and equipment in Q2, suggesting continued investment in manufacturing capacity and equipment.
Accounts receivable increased: Receivables rose to $7.3 million from $5.4 million sequentially. This may reflect higher sales, but investors should monitor collections and working-capital conversion.
Inventory remained elevated: Inventory was $7.6 million at quarter-end, only modestly below Q1 and representing a substantial portion of current assets.
Operating cash flow turned negative: Q2 operating activities used $299,000, compared with $470,000 of cash generated in Q1. A $1.2 million use of operating working capital was the primary factor.
Financing and dilution risks increased: Q2 net cash inflow was $13.4 million despite negative operating and investing cash flow, and weighted-average diluted shares increased to 39.2 million from 36.9 million in Q1. The higher cash balance therefore appears heavily dependent on external financing and may have come with meaningful shareholder dilution.

Overall, Q2 2026 was encouraging operationally but not yet a complete turnaround. Stronger revenue, improved margins and positive net income are constructive developments. However, negative operating cash flow, elevated working-capital needs and the apparent reliance on financing—along with a higher share count—remain important risks. Investors should watch whether Syntec Optics can sustain positive operating income and convert earnings into cash in upcoming quarters.

10/08/26 08:37 PM ETAI Generated. May Contain Errors.

Syntec Optics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Syntec Optics' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Syntec Optics' net income appears to be on a downward trend, with a most recent value of -$1.79 million in 2025, falling from -$434.57 thousand in 2022. The previous period was -$2.48 million in 2024.

Syntec Optics' total operating income in 2025 was -$517.60 thousand, based on the following breakdown:

Total Gross Profit: $6.53 million
Total Operating Expenses: $7.05 million

Over the last 3 years, Syntec Optics' total revenue changed from $27.84 million in 2022 to $28.08 million in 2025, a change of 0.9%.

In the past 11 quarters, Syntec Optics' cash and equivalents has ranged from $287.09 thousand in Q2 2025 to $14.05 million in Q2 2026, and is currently $14.05 million as of their latest financial filing in Q2 2026.

Syntec Optics had total debt of $9.39 million at the end of 2025, a 0.5% increase from 2024, and a 5.5% decrease since 2022.

Over the last 3 years, Syntec Optics' book value per share changed from 0.49 in 2022 to 0.26 in 2025, a change of -47.6%.

Related Companies

Financial statements for NASDAQ:OPTXW last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Syntec Optics (OPTXW) Financials

Financials Breakdown Chart

Key Financial Trends

Syntec Optics Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Syntec Optics (OPTXW) Financials

Annual Income Statements for Syntec Optics

Quarterly Income Statements for Syntec Optics

Annual Cash Flow Statements for Syntec Optics

Quarterly Cash Flow Statements for Syntec Optics

Annual Balance Sheets for Syntec Optics

Quarterly Balance Sheets for Syntec Optics

Annual Metrics And Ratios for Syntec Optics

Quarterly Metrics And Ratios for Syntec Optics

Financials Breakdown Chart

Key Financial Trends

Syntec Optics Financials - Frequently Asked Questions

When does Syntec Optics' financial year end?

How has Syntec Optics' net income changed over the last 3 years?

What is Syntec Optics' operating income?

How has Syntec Optics' revenue changed over the last 3 years?

How much cash does Syntec Optics have?

How much debt does Syntec Optics have?

How has Syntec Optics' book value per share changed over the last 3 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools