Optex Systems Holdings Inc. Files Q1 2025 10-Q

TL;DR

Optex Systems Holdings Inc. filed their Q1 2025 10-Q. Financials are in.

AI Summary

Optex Systems Holdings Inc. filed its 10-Q for the period ending December 29, 2024. The company, based in Richardson, Texas, operates in the optical instruments and lenses sector. This filing covers the first quarter of their fiscal year, which ends on September 28.

Why It Matters

This filing provides investors with a quarterly update on Optex Systems Holdings Inc.'s financial performance and operational status, crucial for understanding the company's trajectory in the optical instruments market.

Risk Assessment

Risk Level: medium — As a publicly traded company filing regular financial reports, Optex Systems Holdings Inc. presents a medium risk level due to the inherent volatility and market dynamics of the optical instruments sector.

Key Numbers

• 2024-12-29 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
• 2025-02-10 — Filing Date (Shows when the report was officially submitted to the SEC.)
• 0928 — Fiscal Year End (Specifies the end date of the company's fiscal year.)

Key Players & Entities

• Optex Systems Holdings Inc (company) — Filer of the 10-Q
• Richardson, Texas (location) — Company's business address
• 3827 (industry_code) — Standard Industrial Classification for Optical Instruments & Lenses
• 2024-12-29 (date) — End of the reporting period
• 2025-02-10 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value OPXS The Nasdaq Stock Mar
• $24.6 thousand — 31, 2021 and the monthly base rent was $24.6 thousand through March 31, 2021. On January 11,
• $25.3 thousand — 2028 . The initial base rent is set at $25.3 thousand and escalates 3% on April 1 each year t

Filing Documents

• form10-q.htm (10-Q) — 928KB
• ex10-1.htm (EX-10.1) — 47KB
• ex31-1.htm (EX-31.1) — 13KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-25-005517.txt ( ) — 5394KB
• opxs-20241229.xsd (EX-101.SCH) — 39KB
• opxs-20241229_cal.xml (EX-101.CAL) — 47KB
• opxs-20241229_def.xml (EX-101.DEF) — 191KB
• opxs-20241229_lab.xml (EX-101.LAB) — 324KB
• opxs-20241229_pre.xml (EX-101.PRE) — 265KB
• form10-q_htm.xml (XML) — 860KB

— 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 11 Item 4.

Controls and Procedures

Controls and Procedures 11

— OTHER INFORMATION

PART II— OTHER INFORMATION 11 Item 1.

Legal Proceedings

Legal Proceedings 11 Item 1A.

Risk Factors

Risk Factors 11 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 11 Item 3. Defaults Upon Senior Securities 11 Item 4. Mine Safety Disclosures 11 Item 6. Exhibits 11 SIGNATURE 12 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 DECEMBER 29, 2024 (UNAUDITED) AND SEPTEMBER 29, 2024 F-2 CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED DECEMBER 29, 2024 (UNAUDITED) AND THE THREE MONTHS ENDED DECEMBER 31, 2023 (UNAUDITED) F-3 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED DECEMBER 29, 2024 (UNAUDITED) AND THE THREE MONTHS ENDED DECEMBER 31, 2023 (UNAUDITED) F-4 CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE THREE MONTHS ENDED DECEMBER 29, 2024 (UNAUDITED) AND THE THREE MONTHS ENDED DECEMBER 31, 2023 (UNAUDITED) F-5 CONDENSED CONSOLIDATED FINANCIAL STATEMENT FOOTNOTES (UNAUDITED) F-6 F-1 Optex Systems Holdings, Inc. Condensed Consolidated Balance Sheets December 29, 2024 September 29, 2024 (Thousands, except share and per share data) (Unaudited) December 29, 2024 September 29, 2024 ASSETS Cash and Cash Equivalents $ 2,491 $ 1,009 Accounts Receivable, Net 1,734 3,764 Inventory, Net 14,674 14,863 Contract Asset 196 219 Prepaid Expenses 265 217 Current Assets 19,360 20,072 Property and Equipment, Net 1,520 1,292 Other Assets Deferred Tax Asset 888 947 Intangibles, net 912 951 Right-of-use Asset 2,103 2,233 Security Deposits 23 23 Other Assets 3,926 4,154 Total Assets $ 24,806 $ 25,518 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $ 987 $ 1,177 Credit Facility - 1,000 Operating Lease Liability 643 638 Federal Income Taxes Payable 74 74 Accrued Expenses

View Full Filing

View this 10-Q filing on SEC EDGAR