Quarterly ResultMay 11, 2026, 04:13 PM
Optex Systems Q2 Net Income $1.34M, Revenue $9.63M
AI Summary
Optex Systems Holdings Inc. reported a decrease in net income and revenue for the second quarter and six months ended March 29, 2026, compared to the prior year. Net income for Q2 fell to $1.34 million on revenue of $9.63 million. The company also saw a significant shift in cash flow from operating activities, moving from a positive inflow to a negative outflow. Additionally, Chad George assumed the role of CEO and Chief Operating Decision Maker in December 2025.
Key Highlights
- Net income for Q2 2026 decreased to $1.34 million from $1.77 million in Q2 2025.
- Revenue for Q2 2026 decreased to $9.63 million from $10.73 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.19, down from $0.26 in Q2 2025.
- Net cash used in operating activities was $1.33 million for the six months ended March 29, 2026, compared to $3.99 million provided in the prior year.
- Cash and cash equivalents decreased to $4.16 million as of March 29, 2026, from $6.39 million at September 28, 2025.
- Chad George became CEO and CODM effective December 20, 2025, replacing Danny Schoening.
- Applied Optics Center's Q2 revenue decreased to $3.38 million from $4.41 million YoY.
- Optex Richardson's Q2 operating income increased to $1.26 million from $1.11 million YoY.