Optex Systems Holdings Inc. Files 2024 10-K

TL;DR

Optex Systems filed its 2024 10-K. Full financials and biz ops details inside.

AI Summary

Optex Systems Holdings Inc. filed its 10-K for the fiscal year ending September 29, 2024. The company, based in Richardson, Texas, operates in the optical instruments and lenses sector. This filing provides a comprehensive overview of its financial performance and business operations for the past fiscal year.

Why It Matters

This 10-K filing provides investors and stakeholders with a detailed look at Optex Systems Holdings Inc.'s financial health and operational performance for the fiscal year ending September 29, 2024.

Risk Assessment

Risk Level: medium — As a publicly traded company filing a 10-K, there are inherent risks associated with financial performance and market conditions.

Key Numbers

• 0929 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
• 20241219 — Filing Date (The date the 10-K was officially filed with the SEC.)

Key Players & Entities

• Optex Systems Holdings Inc (company) — Filer of the 10-K
• Richardson, Texas (location) — Company's business address
• September 29, 2024 (date) — Fiscal year end
• 0001397016 (company_id) — Central Index Key

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value OPXS The Nasdaq Stock Mar
• $1 million — . The Company acquired the assets using $1 million cash on hand, with potential additional
• $30 thousand — quisition included transaction costs of $30 thousand for legal fees and a contingent liabili
• $238 thousand — ment, the total earnout payment will be $238 thousand only if the earnout revenue milestone i
• $6.5 million — arine with a maximum potential value of $6.5 million and two additional option years. Produc
• $2.0 million — e U.S. Armed Forces. The order value is $2.0 million with deliveries covering March 2025 thr
• $2.1 million — vehicle production. The total value is $2.1 million with expected deliveries covering May 2
• $2.5 million — e XM-157 NGWS Scope. The order value is $2.5 million with deliveries covering August 2024 th
• $3.8 million — pose Vehicle (AMPV). The order value is $3.8 million with deliveries covering November 2024
• $1.5 million — e Binocular program. The order value is $1.5 million with deliveries covering most of fiscal
• $0.2 million — d received an initial purchase order of $0.2 million for Laser Filter Assemblies supporting
• $2.8 million — for the five-year IDIQ is estimated at $2.8 million. The award includes three base year, an
• $2.9 million — ime Contractor for Sighting Systems for $2.9 million. The Sighting Systems are critical in p
• $1.3 million — ble sighting system. The order value is $1.3 million and the products for this contract will
• $1.1 million — ble sighting system. The order value is $1.1 million and the products for this contract will

Filing Documents

• form10-k.htm (10-K) — 1838KB
• ex19-1.htm (EX-19.1) — 8KB
• ex23-1.htm (EX-23.1) — 2KB
• ex31-1.htm (EX-31.1) — 14KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• form10-k_001.jpg (GRAPHIC) — 51KB
• form10-k_002.jpg (GRAPHIC) — 39KB
• ex19-1_001.jpg (GRAPHIC) — 1154KB
• ex19-1_002.jpg (GRAPHIC) — 1189KB
• ex19-1_003.jpg (GRAPHIC) — 909KB
• ex19-1_004.jpg (GRAPHIC) — 1036KB
• ex19-1_005.jpg (GRAPHIC) — 988KB
• ex19-1_006.jpg (GRAPHIC) — 1085KB
• ex19-1_007.jpg (GRAPHIC) — 1119KB
• ex19-1_008.jpg (GRAPHIC) — 1015KB
• ex19-1_009.jpg (GRAPHIC) — 469KB
• ex19-1_010.jpg (GRAPHIC) — 740KB
• 0001493152-24-050771.txt ( ) — 21476KB
• opxs-20240929.xsd (EX-101.SCH) — 50KB
• opxs-20240929_cal.xml (EX-101.CAL) — 72KB
• opxs-20240929_def.xml (EX-101.DEF) — 219KB
• opxs-20240929_lab.xml (EX-101.LAB) — 464KB
• opxs-20240929_pre.xml (EX-101.PRE) — 366KB
• form10-k_htm.xml (XML) — 1165KB

Business

Business 4 Item 1A. Risk Factors 18 Item 1C. Cybersecurity 26 Item 2.

Properties

Properties 26 Item 3. Legal Proceedings 26 Item 4. Mine Safety Disclosures 26 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 27 Item 7. Management's Discussion and Analysis of Financial Conditions and Results of Operations 27 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 37 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 57 Item 9A.

Controls and Procedures

Controls and Procedures 57 PART III Item 10. Directors, Executive Officers and Corporate Governance 58 Item 11.

Executive Compensation

Executive Compensation 58 Item 12.

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 58 Item 13. Certain Relationships and Related Transactions, and Director Independence 58 Item 14. Principal Accountant Fees and Services 58 PART IV Item 15. Exhibits 58 2 Cautionary Note Regarding Forward-Looking Information This Annual Report on Form 10-K by Optex Systems Holdings, Inc. ("Optex Systems Holdings," the "Company," "we," "us," or "our"), in particular Part II Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any statements contained in this Annual Report on Form 10-K that are not statements of historical fact may be deemed to be forward-looking statements. When used in this Annual Report on Form 10- K and other reports, statements, and information we have filed with the Securities and Exchange Commission ("Commission" or "SEC"), in our press releases, presentations to securities analysts or investors, or in oral statements made by or with the approval of an executive officer, the words or phrases "believes," "may," "will," "expects," "should," "continue," "anticipates," "intends," "will likely result," "estimates," "projects" or similar expressions and variations thereof are intended to identify such forward-looking statements. These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding our growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of mater

View Full Filing

View this 10-K filing on SEC EDGAR