Quarterly ResultMay 15, 2026, 04:46 PM
Syntec Optics Q1 Net Loss $(0.9)M; Raises $21.5M Capital
AI Summary
Syntec Optics reported a Q1 2026 net loss of approximately $(0.9) million, or $(0.02) per diluted share, on revenue of $6.5 million, down from $7.1 million in Q1 2025. The decline was attributed to temporary shipment timing delays in biomedical markets and a $1 million reduction in production volume in January. Subsequent to quarter-end, the company successfully completed a public offering, raising approximately $21.5 million in net proceeds, significantly strengthening its balance sheet and liquidity. Syntec Optics anticipates improved operating momentum and net sales higher than $7.5 million in Q2 2026.
Key Highlights
- Public offering raised $21.5 million net proceeds post-quarter.
- Q1 2026 revenue was $6.5 million, down from $7.1 million in Q1 2025.
- Q1 2026 net loss was $(0.9) million, or $(0.02) per diluted share.
- Q1 2026 gross profit was $1.0 million, down from $2.3 million in Q1 2025.
- Generated $0.5 million cash from operating activities in Q1 2026.
- Q2 2026 net sales expected to be higher than $7.5 million.
- Revolving line of credit paid down to zero post-quarter.
Price Impact
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