Optex Systems Holdings Inc. Files Q3 10-Q

TL;DR

**Optex Systems Holdings Inc. filed its 10-Q for Q3 2024, detailing financial performance and operational updates.**

AI Summary

Optex Systems Holdings Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the company, which specializes in optical instruments and lenses. Specific financial figures and operational highlights are provided within the report.

Why It Matters

This filing provides investors and stakeholders with the latest financial health and operational status of Optex Systems Holdings Inc., crucial for understanding the company's trajectory in the optical instruments market.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the inherent risks of the optical instruments industry and the company's specific market position contribute to a medium risk level.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-08-13 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 2023-10-01 — Fiscal Year Start Date (Marks the beginning of the fiscal year for which this report is a part.)

Key Players & Entities

• Optex Systems Holdings Inc (company) — Filer of the 10-Q
• 2024-06-30 (date) — End of the reporting period
• 3827 (number) — Standard Industrial Classification for Optical Instruments & Lenses
• 1420 Presidential Drive, Richardson, TX 75081 (address) — Company's business and mailing address
• 972-764-5700 (phone_number) — Company's business phone number

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value OPXS The Nasdaq Stock Mar

Filing Documents

• form10-q.htm (10-Q) — 1244KB
• ex31-1.htm (EX-31.1) — 15KB
• ex31-2.htm (EX-31.2) — 14KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-031607.txt ( ) — 6292KB
• opxs-20240630.xsd (EX-101.SCH) — 42KB
• opxs-20240630_cal.xml (EX-101.CAL) — 51KB
• opxs-20240630_def.xml (EX-101.DEF) — 187KB
• opxs-20240630_lab.xml (EX-101.LAB) — 345KB
• opxs-20240630_pre.xml (EX-101.PRE) — 268KB
• form10-q_htm.xml (XML) — 1148KB

— FINANCIAL INFORMATION

PART I— FINANCIAL INFORMATION F-1 Item 1. Unaudited Condensed Consolidated Financial Statements F-1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 1 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 Item 4.

Controls and Procedures

Controls and Procedures 13

— OTHER INFORMATION

PART II— OTHER INFORMATION 13 Item 1.

Legal Proceedings

Legal Proceedings 13 Item 1A.

Risk Factors

Risk Factors 13 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13 Item 3. Defaults Upon Senior Securities 13 Item 4. Mine Safety Disclosures 13 Item 6. Exhibits 14 SIGNATURE 15 Part 1. Financial Information Item 1. Unaudited Condensed Consolidated Financial Statements OPTEX SYSTEMS HOLDINGS, INC. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2024 (UNAUDITED) AND OCTOBER 1, 2023 F-2 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2024 (UNAUDITED) AND THE THREE AND NINE MONTHS ENDED JULY 2, 2023 (UNAUDITED) F-3 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED JUNE 30, 2024 (UNAUDITED) AND THE NINE MONTHS ENDED JULY 2, 2023 (UNAUDITED) F-4 CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2024 (UNAUDITED) AND FOR THE THREE AND NINE MONTHS ENDED JULY 2, 2023 (UNAUDITED) F-5 CONDENSED CONSOLIDATED FINANCIAL STATEMENT FOOTNOTES (UNAUDITED) F-6 F-1 Optex Systems Holdings, Inc. Condensed Consolidated Balance Sheets June 30, 2024 October 1, 2023 (Thousands, except share and per share data) June 30, 2024 October 1, 2023 (Unaudited) ASSETS Cash and Cash Equivalents $ 486 $ 1,204 Accounts Receivable, Net 3,321 3,624 Inventory, Net 15,118 12,153 Contract Asset 237 336 Prepaid Expenses 316 219 Current Assets 19,478 17,536 Property and Equipment, Net 1,192 998 Other Assets Deferred Tax Asset 838 922 Intangible Assets, Net 969 - Right-of-use Asset 2,362 2,740 Security Deposits 23 23 Other Assets 4,192 3,685 Total Assets $ 24,862 $ 22,219 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $ 1,709 $ 810 Credit Facility 1,000 - Operating Lease Liability 634 620 Federal Income Taxes Payable - 247 Accrued Expenses 1,187 1,265

View Full Filing

View this 10-Q filing on SEC EDGAR