OPTX

Interested in Syntec Optics Holdings, Inc.? Here are five stocks we like better. Record Q2 performance: Revenue rose 26% year over year to approximately $8.3 million, while gross margin expanded to 26%. Syntec Optics returned to operating and net profitability, reporting roughly $0.3 million in each. Stronger balance sheet and diversified demand: A public equity offering generated approximately $21.4 million, helping repay $6.8 million of debt and lift cash to about $14 million. Growth was broad-based across medical, defense, consumer and communications markets, with medical remaining the largest contributor. Positive second-half outlook: Management expects third-quarter revenue of $8.3 million to $9 million and fourth-quarter revenue of $8.75 million to $9.25 million, supported by biomedical, satellite, AI-related optical, interconnect and fusion-energy programs. Up 775% in 5 Months, How Much Higher Can Syntec Optics Go? Syntec Optics (NASDAQ:OPTX) reported record second-quarter revenue for 2026, returning to operating and net profitability as sales increased across its medical, defense, consumer and communications markets. Revenue for the quarter totaled approximately $8.3 million, up 26% from approximately $6.6 million in the second quarter of 2025. Chief Financial Officer Dean Rudy said the quarter represented an “important operating inflection point” for the company, citing higher production volumes, expanding customer programs and a strengthened balance sheet. → Applied Materials Beat Everything but Wall Street’s Expectations for Margins Gross profit rose 34% year over year to approximately $2.1 million, while gross margin expanded to 26% from 24% a year earlier and 15% in the first quarter of 2026. Controller Paul Opella attributed the sequential margin improvement to higher production volumes and progress in manufacturing throughput, automation, yield and production efficiency. Operating income was approximately $0.3 million, compared with an operating loss of approximately $0.1 million in the prior-year quarter. Net income was also approximately $0.3 million, or $0.01 per share, compared with a net loss of approximately $0.3 million, or $0.01 per diluted share, in the second quarter of 2025. EBITDA amounted to approximately 11% of revenue, according to the company. → Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Medical remained Syntec’s largest market in the quarter, generating approximately $2.8 million, or 34% of total revenue. Defense and consumer each contributed approximately $1.9 million, or 23% of revenue, while communications contributed approximately $1.6 million, or 20%. Opella said the company generated meaningful year-over-year growth in each end market, led by communications and defense. Management said the mix demonstrates that its growth is supported by multiple technology platforms rather than a single customer or market. → AirJoule Technologies: Short Squeeze Setup Amid Rising Risks Rudy said Syntec is seeing customers expand the number of products and technologies they source from the company. The business is pursuing activity in satellite optics, optical communications, missile guidance and defense applications, critical-care diagnostics, and advanced optical interconnect technologies. The company also discussed its role in infrastructure supporting artificial intelligence-related computing demand. Rudy said Syntec participates in technologies tied to emergency power sources, including space-based solar applications and fusion energy systems, as well as products supporting optical interconnects and micro-connectivity in data centers. In space-related markets, the company said it has more than 20,000 optical links deployed in space. It has also added a program involving optical technology intended to help detect orbital debris and support collision avoidance. During the quarter, Syntec completed a public equity offering that generated approximately $21.4 million in net proceeds. The company used part of the proceeds to repay approximately $6.8 million of indebtedness and eliminate its revolving line of credit balance. Cash and cash equivalents stood at approximately $14 million as of June 30, compared with approximately $0.4 million at Dec. 31, 2025. Current liabilities declined 56% to approximately $5 million from $11.2 million at year-end, while total liabilities fell approximately 43% to $8.4 million from $14.8 million. Syntec also generated positive operating cash flow during the first six months of 2026. The company invested approximately $700,000 during the second quarter in additional manufacturing equipment and expanded production staffing to support anticipated demand. Rudy said the stronger financial position gives Syntec greater flexibility to add manufacturing capacity, equipment, automation and technical capabilities as customer production programs expand. He also said the company is evaluating complementary strategic opportunities that could broaden its technology portfolio, customer relationships or manufacturing capabilities. For the third quarter of 2026, Syntec expects revenue of $8.3 million to $9 million. The forecast is primarily supported by biomedical production, AI-enabled augmented reality and virtual reality micro-camera systems, and prototype engineering work tied to future production programs. For the fourth quarter, the company expects revenue between $8.75 million and $9.25 million, with support from low-Earth-orbit satellite optics, advanced optical interconnects and initial production activity related to emerging fusion energy systems. Management said its second-half priorities include executing current production ramps, improving manufacturing economics, selectively investing behind customer demand, moving development programs into recurring production and assessing strategic growth opportunities. Rudy said the company continues to target additional margin improvement as revenue, throughput, automation, yields and its cost structure advance. Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications. In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Syntec Optics Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Shares of Syntec Optics Holdings, Inc. OPTX have gained 12.3% since the company reported its earnings for the quarter ended June 30, 2026, outperforming the S&P 500 index’s 0.3% decline over the same period. Over the past month, Syntec Optics shares have advanced 7.9% compared with the S&P 500’s 1.4% increase. Syntec Optics reported second-quarter 2026 net income of 1 cent per share against a net loss of 1 cent per share a year earlier. Revenues of $8.3 million denoted a 26% rise from $6.6 million in the year-ago quarter. Net income was $0.3 million against a net loss of $0.3 million a year earlier. Gross profit increased 34% year over year to $2.1 million, while gross margin expanded to 26% from 24%. Operating income improved to $0.3 million from an operating loss of $0.1 million in the prior-year period. Syntec Optics Holdings, Inc. price-consensus-eps-surprise-chart | Syntec Optics Holdings, Inc. Quote Revenue growth was broad-based across several end markets. Communications revenues increased 74% year over year, while defense and consumer revenues rose 36% and 23%, respectively. Biomedical revenues returned to more normalized levels compared with the first quarter of 2026. Within Space Tech, Syntec increased production throughput for Low Earth Orbit satellite optics and expanded recent production awards for optical communications products to approximately $4.3 million. It also added a production program for orbital collision-avoidance optics. Defense Tech benefited from expanded missile guidance programs, with missile laser guidance orders increasing approximately 40%, alongside additions to military AR/VR wearable and ballistic display window products. The company also secured a $4.6 million follow-on production order in critical-care diagnostics. Since entering AI infrastructure roughly two years ago, Syntec has accumulated approximately $4 million in orders supporting AI data centers and related technologies. CFO Dean Rudy characterized the quarter as an important inflection point, citing revenue growth, gross-profit expansion, a return to profitability and balance-sheet improvement. Management said operational improvements implemented during the past year are beginning to translate into better financial performance. The company also believes its strengthened financial position gives it greater flexibility to invest in advanced manufacturing capabilities and support expansion alongside customers. Vice president of business development and delivery Matt Carey highlighted expanding participation within existing customer technology platforms. According to management, Syntec is increasing the number of products manufactured for existing customers while also entering adjacent technologies, rather than relying solely on isolated new program wins. Higher manufacturing throughput, automation, yields and production efficiency contributed to the gross-margin improvement. Syntec invested approximately $0.7 million in additional manufacturing equipment during the quarter and expanded production staffing to support anticipated demand. Multiple development programs also moved closer to full production. The balance sheet improved substantially following the equity raise. Cash and cash equivalents stood at approximately $14 million at quarter-end, compared with $0.4 million at Dec. 31, 2025. Syntec repaid approximately $6.8 million of indebtedness, eliminating its revolving credit line. Total assets increased to $38.8 million as of June 30, 2026, from $24.3 million at Dec. 31, 2025. Long-term debt obligations were $1.2 million compared with $1.3 million at 2025-end.  Total stockholders’ equity rose to $30.5 million, compared with $9.5 million at Dec. 31, 2025. Net cash provided by operating activities was $0.2 million during the first six months of 2026 compared with $0.1 million in the year-ago period. Management expects operating momentum to continue in the second half of 2026 as production programs ramp. Third-quarter revenues are projected between $8.3 million and $9 million, driven mainly by biomedical production, AI-enabled AR/VR micro-camera systems and prototype engineering activity. Fourth-quarter revenues are expected between $8.75 million and $9.25 million, supported by Low Earth Orbit satellite optics, advanced optical interconnects and initial production activity related to emerging fusion-energy systems. Syntec completed a public equity offering during the quarter that generated approximately $21.4 million in net proceeds. A portion of the proceeds was used to eliminate the revolving line of credit, with the remaining capital providing additional resources for manufacturing investment and potential complementary strategic opportunities. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Syntec Optics Holdings, Inc. (OPTX): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Driving Growth: Expanded Margins, Higher Positive Earnings, Strengthened Balance Sheet, and Raised Revenue Guidance ROCHESTER, NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of deep tech for the defense, space, AI data center, and other vibrant end-markets, today reported financial results for the second quarter ended June 30, 2026, where Defense and Space Tech product lines ramped to drive all-time high revenue, margin expansion, and increased earnings. Syntec products have a typical 6-8 year life cycle and yearly recurring revenues. Earnings Call information: Date: Wednesday, August 12, 2026 Time: 5:00 p.m. ET Register in Advance (Required): https://us06web.zoom.us/meeting/register/dw9jrC8DSaW4EzSyA1vFAQ (After registering, you will receive a confirmation email containing information about joining the meeting.) Webcast: A recording of the conference call will be available under the Latest Events section on the Investors page of Syntec Optics’ website at www.syntecoptics.com. Replay: A replay of the webcast will be available approximately three hours after the call concludes. It will remain accessible until Tuesday, August 26, 2026, in the Investor Relations section of Syntec Optics’ website at www.syntecoptics.com. Management Commentary Dean Rudy, Chief Financial Officer of Syntec Optics, commented: "The second quarter represented an important inflection point for Syntec Optics. We delivered 26% year-over-year revenue growth, significantly expanded gross profit, returned to profitability, strengthened our balance sheet, and continued expanding our presence across multiple complementary growth markets. Most importantly, these results demonstrate that the operational improvements we have been implementing over the past year are beginning to translate into improved financial performance. During the quarter, we completed our public equity offering, generating approximately $21.4 million in net proceeds. We used a portion of those proceeds to eliminate our revolving line of credit while ending the quarter with approximately $14 million in cash. Today, we have the financial flexibility to invest in advanced manufacturing capabilities, expand alongside our blue-chip customers, and pursue complementary strategic opportunities that enhance long-term shareholder value.” Financial Highlights Revenue Growth Revenue increased 26% to $8.3 million, compared to $6.6 million in the second quarter of 2025. Growth was driven primarily by communications (+74%), defense (+36%), and consumer (+23%) markets, while biomedical revenue returned to more normalized run rates compared to the first quarter of 2026.  Management believes this increasingly balanced revenue mix reflects continued execution of the Company's strategy to diversify across multiple high-growth technology platforms while reducing dependence on any single end market. Profitability Gross profit increased 34% to $2.1 million. Gross margin expanded to 26%, compared to 24% in the prior-year quarter and 15% in the first quarter of 2026. The company is targeting an increase to 35%-40%, seen in the past, as revenue increases with an improved cost structure. With both efforts to decrease COGS and SG&A, EBITDA is targeted in the 18-20% range, as demonstrated in the past. Operating income improved to $0.3 million, compared to an operating loss of $(0.1) million last year. Net income improved to $0.3 million, or $0.01 per share, compared to a net loss of $(0.3) million, or $(0.01) per diluted share, in the prior-year quarter. Liquidity The quarter ended with approximately $14.0 million in cash and cash equivalents, compared to $0.4 million at December 31, 2025. Repaid approximately $6.8 million of indebtedness, eliminating the Company's revolving line of credit and resulting in reduced current liabilities by approximately 56%, from $11.2 million to $5.0 million, while reducing total liabilities by approximately 43%, from $14.8 million to $8.4 million. Generated positive operating cash flow during the first six months of 2026. Successfully completed a public equity offering generating approximately $21.4 million in net proceeds. Management believes the Company's transformed balance sheet provides the financial flexibility to accelerate investments in advanced manufacturing equipment, automation, metrology, and technical capabilities needed to support the expanding technology roadmaps of its blue-chip customers. The strengthened capital position also enhances Syntec's ability to evaluate complementary strategic opportunities that can broaden its technology portfolio and create long-term shareholder value. Expanding Customer Relationships and Solidifying our Market Position Matt Carey, Vice President of Business Development and Delivery, commented: "One of the most encouraging trends we're seeing is that customers continue expanding Syntec's participation within their technology platforms. Rather than simply winning isolated new programs, we're increasing the number of products we manufacture for existing customers while simultaneously entering adjacent technologies. That expansion reflects years of investment in building one of the industry's broadest vertically integrated optical manufacturing capabilities." Business Highlights Space Tech Increased production throughput on Low Earth Orbit satellite optics. Expanded recent production awards for optical communications products to approximately $4.3 million. Added a new production program supporting orbital collision-avoidance optics. Defense Tech Expanded missile guidance programs. Increased missile laser guidance orders by approximately 40%. Expanded AI-enabled military AR/VR wearable product portfolio. Added new ballistic display window products supporting U.S. defense modernization. Biomedical & Life Sciences Secured a $4.6 million follow-on production order supporting critical-care diagnostics. AI Infrastructure Since entering the AI infrastructure market approximately two years ago, the Company has accumulated approximately $4 million in orders for products supporting AI data centers, including advanced optical interconnects, fusion-energy systems, and related technologies. Operational Highlights Continued improving manufacturing throughput, automation, yield, and production efficiency, contributing to higher gross margins. Invested approximately $0.7 million during Q2 in additional manufacturing equipment while expanding production staffing to support anticipated customer demand. Multiple development programs advanced toward full production, strengthening the Company's future revenue pipeline. Outlook Management expects operational momentum to continue during the second half of 2026 as multiple production programs continue ramping. Beyond our near-term operating outlook, management continues evaluating opportunities to accelerate Syntec's long-term growth strategy through disciplined investment in advanced manufacturing capabilities, expansion of our technology platform, and other strategic initiatives that further strengthen the Company's competitive position. About Syntec Optics Headquartered in Rochester, N.Y., Syntec Optics Holdings, Inc. (NASDAQ: OPTX) is one of the nation’s largest bespoke manufacturers of high-precision optics and photonics. With a dedicated team of nearly 180 employees, the company pushes the limits of light-based technologies to connect and protect the world. Syntec supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As light-enabled technologies continue to account for a significant portion of global economic output—representing nearly $16 trillion of the $106 trillion in total worldwide production as of 2023—Syntec Optics remains positioned at the forefront of the modern optical revolution. For more information, visit syntecoptics.com. Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, 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. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics' patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics' estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics' failure to timely achieve the anticipated benefits of Syntec Optics' customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law. For further information, please contact: Investor Relations [email protected] SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX) SYNTEC OPTICS HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSJUNE 30, 2026 AND DECEMBER 31, 2025 SYNTEC OPTICS HOLDINGS, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025 SYNTEC OPTICS HOLDINGS, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025 NON-GAAP RECONCILIATION OF EBITDAFOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025 In the quarters ended June 30, 2026 and 2025:

This article first appeared on GuruFocus. Release Date: May 18, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Syntec Optics Holdings Inc (NASDAQ:OPTX) completed a transformational public offering, significantly strengthening its balance sheet with approximately $23 million of gross proceeds. The company achieved a major milestone in March 2026 by delivering quadruple the number of satellite optics products compared to March 2025. Syntec Optics Holdings Inc (NASDAQ:OPTX) successfully produced a design and manufacturing plan for micro cameras to support a decade-long product modernization effort by the U.S. Department of War. Operational efficiencies and cost reduction initiatives were implemented, intended to improve throughput, scalability, gross margin, and EBITDA performance over the long term. The company maintained access to a $7.5 million revolving credit facility, providing additional liquidity to support working capital and future growth opportunities. First quarter revenue decreased to approximately $6.5 million from $7.1 million in the same quarter of the prior year, primarily due to temporary shipment delays. Gross profit for the quarter was approximately $1 million, down from $2.3 million during the prior year same period, impacted by lower production volumes. Net loss for the quarter was approximately $900,000, compared to net income of $300,000 during the first quarter of 2025. Cash at quarter end was approximately $600,000, indicating limited liquidity before the public offering. The company faced temporary shipment timing delays and prolonged holiday shutdowns, impacting first-quarter performance. Warning! GuruFocus has detected 5 Warning Sign with OPTX. Is OPTX fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the impact of shipment timing delays on Q1 2026 financial results? A: Dean Rudy, CFO: The first quarter financial results were affected by temporary shipment timing delays, particularly in the biomedical end market due to purchase order revisions. However, shipments normalized in April, and we expect sequential improvement in Q2 and further strengthening in Q3 as new programs ramp up production. Q: How did the recent public offering affect Syntec Optics' financial position? A: Paul Opella, Controller: The public offering generated approximately $23 million in gross proceeds, significantly strengthening our liquidity and balance sheet. We paid down our revolving line of credit to zero, reducing interest expenses and improving financial flexibility. We now have full access to a $7.5 million revolving credit facility. Q: What are the strategic growth markets Syntec Optics is focusing on? A: Dean Rudy, CFO: We are focusing on several strategic growth markets, including defense tech display windows for AI AR/VR glasses, AI data center optics, space and LEO satellite optics, and micro cameras for U.S. soldiers' AI/AR/AV systems. These areas are aligned with long-term technology and defense trends. Q: What operational efficiencies and cost reduction initiatives are being implemented? A: Paul Opella, Controller: We are implementing operational efficiencies and cost reduction initiatives to improve throughput, scalability, gross margin, and EBITDA performance. This includes retooling production, realigning supply chains, and investing in staffing and manufacturing infrastructure to support anticipated growth. Q: What is the outlook for Syntec Optics in the coming quarters? A: Dean Rudy, CFO: We expect Q2 2026 net sales to improve sequentially to $7.5 to $8.5 million, with further strengthening in Q3. Growth drivers include AI and data center optics expansion, increased defense-related optics production, and growth in space and LEO satellite optics. We remain focused on operational execution and long-term shareholder value. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Shares of Syntec Optics Holdings, Inc. OPTX have gained 18% since the company reported results for the quarter ended March 31, 2026, outperforming the S&P 500 index’s 2.1% decline over the same period. However, the stock has struggled over the past month, falling 17.9% compared with the S&P 500’s 3.7% gain. Syntec Optics incurred a first-quarter 2026 net loss of 2 cents per share against a net income of 1 cent per share in the prior-year period. Revenues of $6.5 million indicated a decline from $7.1 million in the year-ago quarter, reflecting a decline of roughly 8%. Gross profit fell sharply to $1 million from $2.3 million a year earlier. The company incurred a net loss of $0.9 million against a net income of $0.3 million in the prior-year period. Selling, general and administrative expenses declined modestly to $1.7 million from $1.8 million last year. Syntec Optics Holdings, Inc. price-consensus-eps-surprise-chart | Syntec Optics Holdings, Inc. Quote Management attributed the weaker quarter primarily to temporary shipment timing delays tied to biomedical end-market purchase orders. According to the company, the delays resulted from requested changes intended to improve production efficiency. Syntec said updated purchase orders were received after the quarter closed, with shipments returning to normalized levels beginning in April. Gross margin was also hurt by a roughly $1 million reduction in production volume during January, which increased the fixed manufacturing overhead absorption rate. Management noted that the lower production level was partially linked to an extended two-week holiday shutdown carried over from the prior quarter. Despite these pressures, the company said direct labor and material costs remained relatively stable as a percentage of revenue, reflecting continued operational discipline. Syntec continued implementing operational efficiency and cost-reduction measures during the quarter, targeting improvements in throughput, manufacturing scalability, gross profit and EBITDA performance. The company reported yield and throughput gains across several strategic programs, including low Earth orbit satellite optics, night vision optics, micro-cameras and display windows for artificial intelligence AR/VR glasses, and AI/data center optics. The company also expanded production staffing and operational infrastructure selectively during the quarter to support anticipated demand growth beginning in the second quarter and beyond. Management added that several customer programs progressed from design and pilot phases toward production-stage manufacturing, strengthening the long-term revenue pipeline. Adjusted EBITDA for the quarter was a loss of approximately $0.1 million compared with positive adjusted EBITDA of about $1.4 million in the prior-year quarter. The prior-year adjusted EBITDA included certain non-recurring costs related to executive transition and contract exit expenses. Syntec generated approximately $0.5 million in operating cash flow during the quarter despite shipment timing disruptions. Cash at quarter-end totaled roughly $0.6 million, while total liquidity, including borrowing availability under the revolving credit facility, stood at about $1.3 million as of March 31, 2026. Following the quarter’s close, the company completed a public offering that generated approximately $21.5 million in net proceeds. Management said the transaction significantly strengthened the balance sheet and enabled the company to pay down its revolving line of credit balance to zero while retaining access to its $7.5 million revolving credit facility. Chief financial officer Dean Rudy said the improved capital structure provides greater flexibility to pursue future growth opportunities, acquisitions, investments in complementary technologies and additional operational scale improvements. Looking ahead, Syntec expects improved operating momentum in the second quarter of 2026 as customer shipment activity normalizes following the first-quarter delays. The company forecast second-quarter net sales to improve sequentially to more than $7.5 million. Management identified several anticipated growth drivers for 2026, including continued ramp-up of space technology optics product lines, expansion of defense-related optics production tied to more than $4 million in previously announced orders, and increased production activity for space optics programs. The company also expects defense technology products for artificial intelligence soldier AR/VR systems to transition from initial launch quantities to larger-scale 10-year production orders. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Syntec Optics Holdings, Inc. (OPTX): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ROCHESTER, NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec” or the “Company”), a leading provider of advanced optics and photonics solutions across defense, biomedical, communications, and consumer markets, today reported financial results for the first quarter ended March 31, 2026. Management Commentary “Our first quarter results were impacted by temporary timing delays of shipments to biomedical end markets, due to purchase order revisions. However, operational execution remained solid, and shipments normalized beginning in April,” stated Dean Rudy, Chief Financial Officer of Syntec Optics. “We continued executing operational efficiency and cost reduction initiatives while advancing multiple strategic growth programs across defense tech and space tech markets.” Mr. Rudy continued, “Subsequent to quarter end, we significantly strengthened our balance sheet and liquidity position through the successful completion of our public offering. We believe the additional $23 million of capital, including next-day execution of green shoe, combined with pay down of our revolving line of credit balance to zero while maintaining continued access to the facility, positions the Company to support future growth opportunities and operational scale improvements.” Q1 2026 Financial Results Revenue Q1 2026 revenue was $6.5 million, compared to $7.1 million in Q1 2025. The decrease was primarily attributable to temporary shipment timing delays related to a biomedical end-market purchase order, resulting from Syntec's requested changes to improve production efficiency. The Company received updated purchase orders subsequent to quarter-end, and shipments returned to normalized levels beginning in April 2026. Gross Profit Gross profit for Q1 2026 was $1.0 million, compared to $2.3 million in Q1 2025. Gross margin was impacted primarily by a $1 million reduction in production volume in January, which led to a higher fixed manufacturing overhead absorption rate. Some of this lower production was also affected by the extended two-week holiday shutdown at the end of the previous quarter, which the Company intends to better manage going forward. Direct labor and material costs remained generally stable as a percentage of revenue, reflecting continued operational discipline across core manufacturing processes. During the quarter, the Company also continued selective investments in operational infrastructure and staffing intended to support anticipated future growth programs. Operating Expenses Selling, general, and administrative expenses were $1.7 million for Q1 2026, compared to $1.8 million in Q1 2025. The Company continued to implement cost-control initiatives and operational efficiency improvements intended to support long-term margin improvement. EPS Net loss for Q1 2026 was approximately $0.9 million, or $(0.02) per diluted share, compared to net income of approximately $0.3 million, or $0.01 per diluted share, for Q1 2025. Results primarily reflected the timing of the temporary shipment delay and the holiday shutdown impacts discussed above, partially offset by continued operational cost management initiatives. Improved Cash and Liquidity The Company generated approximately $0.5 million of cash from operating activities during Q1 2026, despite temporary shipment timing delays. Cash at quarter-end was approximately $0.6 million, and total liquidity, including availability under the Company’s revolving line of credit, was approximately $1.3 million as of March 31, 2026. Subsequent to quarter-end, the Company successfully completed a public offering, raising approximately $21.5 million in net proceeds, thereby significantly strengthening its balance sheet. Following the offering, the Company paid down its revolving line of credit to zero while maintaining access to its $7.5 million revolving credit facility with its commercial bank. Management believes that, after completing the Company’s capital structure optimization, the raise provides additional flexibility to acquire or invest in complementary businesses, technologies, products, or assets, as well as for working capital and capital expenditures. Operational Execution Syntec continued executing operational efficiency and cost-reduction initiatives to improve throughput, manufacturing scalability, gross profit, and EBITDA performance. The Company achieved continued yield and throughput improvements across several strategic growth programs, including: LEO Satellite Optics Night Vision Optics Micro cameras and Display windows for Artificial Intelligence AR/VR glasses AI/Data Center Optics Manufacturing investments made during the quarter included selective expansion of production staffing and operational infrastructure intended to support anticipated demand growth beginning in Q2 2026 and beyond. Multiple customer programs continued progressing from design and pilot phases toward production-stage manufacturing, strengthening the Company’s future revenue pipeline. The Company also continued implementing operational and supply chain initiatives designed to partially offset inflationary cost pressures and support long-term margin expansion. Outlook The Company expects improved operating momentum in Q2 2026, supported by normalized customer shipment activity following temporary purchase order timing delays in Q1 2026. Syntec expects growth drivers during 2026 to include: Continued ramp of Space Tech optics product lines Expansion of defense-related optics production for over $4M in previously announced orders Increased space optics production activity in March 2026, as previously reported Conversion of defense tech product from initial launch quantities to larger scale 10-year production orders expected for display optics and micro-cameras used in Artificial Intelligence Soldier AR/VR systems Ongoing operational efficiency and cost reduction initiatives The Company currently expects: Q2 2026 net sales to improve sequentially from Q1 2026 levels to higher than $7.5M Management believes the Company’s achievement of the capital raise milestone enabled the optimization of the capital structure and provided additional flexibility to acquire or invest in complementary businesses, technologies, products, or assets, as well as for working capital and capital expenditures. About Syntec Optics Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. As more products become light-enabled, Syntec Optics continues to add new product lines, including recent Low Earth Orbit (LEO) satellite optics for communications, lightweight night-vision goggle optics for defense, biomedical optics for diagnostics and surgery, and data center optics for Artificial Intelligence. According to SPIE, across the entire field of optics and photonics, the monetary value of all light-enabled products and related services amounts to over 15% of worldwide economic output (nearly $16 trillion of the total $106 trillion value of all finished goods and services produced worldwide in 2023). To learn more, visit www.syntecoptics.com. Forward-Looking Statements This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, 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. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law. For further information, please contact: Investor Relations [email protected] SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX) SYNTEC OPTICS HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS MARCH 31, 2026 AND DECEMBER 31, 2025 SYNTEC OPTICS HOLDINGS, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 SYNTEC OPTICS HOLDINGS, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 NON-GAAP RECONCILIATION OF EBITDA FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 In the quarters ended March 31, 2026, and 2025: (1) Stock-based compensation was issued to independent Board members. (2) A succession plan was required for the transition of the CEO at the 2024 year-end.

ROCHESTER, NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec Optics” or the “Company”), a leading provider of technology products to defense, biomedical, communications, and consumer end-market leaders, today announced it will host a conference call to discuss its financial results and provide a business update on Monday, May 18, 2026, at 5:00 p.m. Eastern Time (ET). Conference Call Details: Date: Monday, May 18, 2026 Time: 5:00 p.m. ET Register in Advance (Required): https://us06web.zoom.us/meeting/register/8Bl1W5PRTNuZAf-bxeWh6w (After registering, you will receive a confirmation email containing information about joining the meeting.) Webcast: A recording of the conference call will be available under the Latest Events section on the Investors page of Syntec Optics’ website at www.syntecoptics.com. Replay: A replay of the webcast will be available approximately three hours after the call concludes. It will remain accessible until Monday, June 1, 2026, in the Investor Relations section of Syntec Optics’ website at www.syntecoptics.com. About Syntec Optics Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. As more products become light-enabled, Syntec Optics continues to add new product lines, including recent Low Earth Orbit (LEO) satellite optics for communications, lightweight night-vision goggle optics for defense, biomedical optics for diagnostics and surgery, and data center optics for Artificial Intelligence. According to SPIE, across the entire field of optics and photonics, the monetary value of all light-enabled products and related services amounts to over 15% of worldwide economic output (nearly $16 trillion of the total $106 trillion value of all finished goods and services produced worldwide in 2023). To learn more, visit www.syntecoptics.com. Forward-Looking Statements This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, 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. All statements other than statements of historical fact contained in this press release, including statements as to the intended use of net proceeds from the public offering, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law. For further information, please contact: Investor Relations [email protected] SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX)

This article first appeared on GuruFocus. Release Date: April 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue for Q4 2025 increased by 2.5% compared to the same quarter in the previous year, driven by growth in low Earth orbiting satellite-related production and defense-related precision glass molding. Gross margin for Q4 2025 more than doubled compared to the previous quarter, with an 80% increase over the prior year quarter, due to improved production yields and cost reductions. SG&A expenses decreased significantly by 30% sequentially and 40% compared to the prior year, reflecting effective cost management. Adjusted EBITDA for Q4 2025 increased by nearly $1 million compared to both the same quarter prior year and the previous quarter, indicating improved profitability. The company has launched new product lines in defense tech and AI data center optics, which are expected to drive future growth and profitability. Full year 2025 net sales were down by $0.4 million compared to 2024, indicating a slight decline in overall sales performance. Earnings per share remained negative at -$0.05 for 2025, although improved from -$0.07 in 2024, still reflecting a lack of profitability. Q1 2026 net sales are expected to be below Q4 2025 levels, suggesting potential short-term revenue challenges. Cash, including available line of credit, was relatively low at $1.1 million, which may limit financial flexibility. The company faces risks and uncertainties related to forward-looking statements, as highlighted in their SEC filings, which could impact future performance. Is OPTX fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the factors contributing to the significant improvement in gross margin for Q4 2025? A: Dean Rudy, CFO, explained that the gross margin for Q4 2025 saw significant expansion due to reductions in material and labor costs, which reflected improved production yields. This was a result of enhanced operational execution and cost discipline across the company. Q: What are the key drivers behind the expected sales fluctuations in Q1 and Q2 of 2026? A: Dean Rudy, CFO, noted that Q1 2026 net sales are expected to be below $7.5 million, while Q2 2026 net sales are anticipated to be above $7.5 million. This fluctuation is driven by the ramp-up of space optics production and the introduction of new product lines in Defense Tech, which are expected to contribute to sales in Q2 and beyond. Q: How is Syntec Optics positioning itself in the defense sector given recent legislative changes? A: Al Kapoor, CEO, highlighted that the 2026 Defense Authorization Act is driving a shift towards domestic sourcing of optical systems. Syntec Optics is capitalizing on this by aligning its supply chain to meet these requirements, which is expected to enhance its position in the defense sector. Q: What methodologies is Syntec Optics employing to drive growth and profitability? A: Al Kapoor, CEO, mentioned two methodologies: Work Center Focused Effort (WCFE) and Macro Societal View (MSV). WCFE focuses on improving profitability through organic growth by optimizing production processes, while MSV assesses potential business combinations for inorganic growth based on various strategic factors. Q: What is the outlook for Syntec Optics in 2026, and what are the main growth areas? A: Al Kapoor, CEO, stated that Syntec Optics expects growth in 2026, driven by the ramp-up of next-generation space and AI data center optics products, expansion in defense tech programs, and steady growth across biomedical and consumer markets. The company is also focusing on converting design stage programs into production revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Margin Expansion and Cost Reduction lead to Growth in Adj EBITDA ROCHESTER, NEW YORK, March 31, 2026 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX) (“Syntec” or the “Company”), a leading provider of technology across defense, biomedical, communications, and consumer end-markets, today reported that the previously announced Company’s focus on operations efficiency had a positive impact on financial results for the fourth quarter and full year ended December 31, 2025. Q4 2025 Highlights Gross margin saw significant expansion, nearly doubling compared to the same-year previous quarter and prior-year quarter (Gross Margin for Q4 2024 was 13%, Q3 2025 was 12%, and Q4 2025 was 24%). Gross profit also saw significant improvement, increased 100% sequentially and increased 80% compared to the prior year (Gross Profit for Q4 2024 was $1 million, Q3 2025 was $0.9 million, and Q4 2025 was $1.8 million). SG&A expense also saw significant improvement, decreased 30% sequentially and decreased by 40% compared to the prior year (SG&A expense for Q4 2024 was $2.4 million, Q3 2025 was $2.1 million, and Q4 2025 was at $1.5 million). As a result of the above improvements, Adj EBITDA increased by nearly $1 million (Adj EBITDA for Q4 2024 was $0.5 million, Q3 2025 was negative $0.01 million, and Q4 2025 was $0.9 million). These improvements in the fourth quarter were achieved on Net Sales of $7.5 million, an increase of 8% from Q3 2025, and similar to Q4 2024 Net Sales. Results for the year-end followed a similar path, reflecting enhanced yields, cost discipline, and operational execution. Full Year 2025 Highlights Gross margin increased by 3.3% as compared to the prior year (Gross Margin for full year 2024 was 20%, full year 2025 was 23.3%). Gross profit increased by 13% as compared to the prior year (Gross Profit for full year 2024 was $5.7 million, and full year 2025 was $6.5 million). SG&A expense decreased by $1.2 million as compared to the prior year (SG&A for full year 2024 was $8.2 million, and full year 2025 was $7.0 million). Adj EDITDA also saw significant improvement, increased by 36% versus the prior year (Adj EBITDA for full year 2024 was $2.2 million, and full year 2025 came in at $3.0 million). These improvements for the full year were achieved even with Net Sales of $28.1 million, down $0.4 million from full year 2024. As a result of the improvements above, EPS of $(0.05) in 2025 improved from $(0.07) in 2024. Cash provided by operations increased to $0.7 million and was used for facility improvements and equipment. Cash, including line of credit availability, was at $1.1 million. Operational Execution Yield and throughput improvements across key programs, including LEO satellite optics, night vision optics, and integrated optical assemblies, continued. Night shift staffing expanded to support scalable production capacity. Multiple programs advanced from design → pilot → initial production. Ongoing cost reduction initiatives contributed to margin expansion. 2026 Outlook Syntec expects growth in 2026, supported by: Ramp of next-generation communications, new space and AI/data center optics products. Expansion in defense programs driven by onshoring tailwinds. Steady growth across biomedical and consumer end markets. Conversion of design-stage programs into production revenue. Near-Term Guidance Compared to Q4 2025 Net Sales of $7.5 million, Q1 2026 Net Sales are expected to be below $7.5 million, and Q2 2026 Net Sales are expected to be above $7.5 million. 2026 started with space optics production increasing to a record level, the beginning of the production stage for the artificial intelligence data center product line, and the previously announced addition of a new product line in defense tech. Additional product lines for defense tech are anticipated to add to Net Sales in Q2 and beyond. About Syntec Optics Syntec Optics Holdings, Inc. (Nasdaq: OPTX), headquartered in Rochester, NY, is one of the largest custom and diverse end-market optics and photonics manufacturers in the United States. Operating for over two decades, Syntec Optics runs a state-of-the-art facility with extensive core capabilities of various optics manufacturing processes, both horizontally and vertically integrated, to provide a competitive advantage for mission-critical OEMs. As more products become light-enabled, Syntec Optics continues to add new product lines, including recent Low Earth Orbit (LEO) satellite optics for communications, lightweight night-vision goggle optics for defense, biomedical optics for diagnostics and surgery, and data center optics for Artificial Intelligence. According to SPIE, across the entire field of optics and photonics, the monetary value of all light-enabled products and related services amounts to over 15% of worldwide economic output (nearly $16 trillion of the total $106 trillion value of all finished goods and services produced worldwide in 2023).To learn more, visit www.syntecoptics.com. Forward-Looking Statements This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, 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, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to the transactions contemplated by the business combination and related agreements, future results of operations and financial position, revenue and other metrics, planned products and services, business strategy and plans, objectives of management for future operations of Syntec Optics, market size, and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the control of Syntec Optics), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by Syntec Optics and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: 1) risk outlined in any prior SEC filings; 2) ability of Syntec Optics to successfully increase market penetration into its target markets; 3) the addressable markets that Syntec Optics intends to target do not grow as expected; 4) the loss of any key executives; 5) the loss of any relationships with key suppliers including suppliers abroad; 6) the loss of any relationships with key customers; 7) the inability to protect Syntec Optics’ patents and other intellectual property; 8) the failure to successfully execute manufacturing of announced products in a timely manner or at all, or to scale to mass production; 9) costs related to any further business combination; 10) changes in applicable laws or regulations; 11) the possibility that Syntec Optics may be adversely affected by other economic, business and/or competitive factors; 12) Syntec Optics’ estimates of its growth and projected financial results for the future and meeting or satisfying the underlying assumptions with respect thereto; 13) the impact of any pandemic, including any mutations or variants thereof and the Russian/Ukrainian or Israeli conflict, and any resulting effect on business and financial conditions; 14) inability to complete any investments or borrowings in connection with any organic or inorganic growth; 15) the potential for events or circumstances that result in Syntec Optics’ failure to timely achieve the anticipated benefits of Syntec Optics’ customer arrangements; and 16) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in prior SEC filings including registration statement on Form S-4 filed with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Syntec Optics does not give any assurance that Syntec Optics will achieve its expected results. Syntec Optics does not undertake any duty to update these forward-looking statements except as otherwise required by law. For further information, please contact: Investor Relations [email protected] SOURCE: Syntec Optics Holdings, Inc. (Nasdaq: OPTX) SYNTEC OPTICS HOLDINGS, INC. CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2025 AND 2024 SYNTEC OPTICS HOLDINGS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 SYNTEC OPTICS HOLDINGS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 NON-GAAP RECONCILIATION OF EBITDA FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024