ROCHESTER, NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. ("Syntec Optics" or the "Company") (NASDAQ:OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today reported financial results for the first quarter of 2024. Second Quarter 2024 Financial Highlights Net Sales of $7.01 million increased by 12% from $6.26 million in Q1 2024, and sales from products increased by 20% from $5.8 million in Q2 2023.Adjusted EBITDA increased to $1.32 million from negative $0.67 million in Q1 2024.Earnings per Share increased to $0.01
ROCHESTER, NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and equipment OEMs in diverse defense, biomedical, communications, and consumer end-markets, today announced it will host a conference call to discuss its financial results and provide a business update on Thursday, August 15, 2024, at 5:00 p.m. Eastern Time (ET). Conference Call Details: Date: Thursday, August 15, 2024 Time: 5:00 p.m. ET Dial-In Number: +16469313860,,84095219819#,,,,*311664# (Please dial in prior to the call) Webcast: A recording of the conference call will be available on the Events & Presentations p
ROCHESTER, NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and equipment OEMs in diverse defense, biomedical, communications, and consumer end-markets, announced today that it has launched the production of biomolecules and nanoparticles characterization optics used in direct light scattering instruments for biopharma technologists. Syntec's new disposable optics enable fast measurements for low-volume requirements of proteins, viruses, gene therapy vectors, and more. Disposable optics require precise ports for the fluid flow of biomolecules and nanoparticles. Syntec Optics has many years
ROCHESTER, NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (NASDAQ:OPTX), a leading provider of scientific, technical instruments, aerospace, and defense optics, announced today that it has secured over $2.2 million in orders for its ultra-high-precision space optics. The company will utilize its newly developed dedicated production cell to scale production for deliveries scheduled for the third quarter of 2024. "This significant order demonstrates the growing demand for our advanced optics solutions in the Low Earth Orbit (LEO) satellite market," said Sara Hart, Sales Director at Syntec Optics. "Our commitment to vertical integration, including in-house preform producti
ROCHESTER, NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (NASDAQ:OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, today announced it is scheduling to manufacture orders for two critical optics that fit in the next generation military optics systems. Such new systems provided by the customer integrate several advanced technologies, including a variable magnification optic, laser rangefinder, visible and infrared lasers, a digital display overlay, and several other sensing and calculating abilities. Syntec's mission-critical optics deliveries of nearly $900,000 are scheduled for twelve months. Orders will like
ROCHESTER, NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (NASDAQ:OPTX), a leading provider of scientific, technical instruments, aerospace, and defense optics, announced today that it has successfully developed two different and scalable solutions that deliver higher weekly production volumes to meet demands for optics used in low earth orbit satellites and data centers. Syntec continues to receive orders for these two different lines of products in the newly entered communications end-market that utilize Syntec's broad capabilities, including ultra-high precision nano-machining, precision mechanicals, and replicative molded optics. Continuing orders demonstrate the grow
ROCHESTER, NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Syntec Optics ("Syntec"), a scientific and technical instruments and aerospace and defense mission-critical optics provider that further added product lines in the communications end-market with datacom microlens arrays, announced today $1.3M in secured 2024 orders, including $0.5M already delivered. It has received forecasted orders for the same product that can potentially double the demand to $3.2M. Syntec's experienced team will expand production and metrology for deliveries planned for these orders in 2024 and early 2025. Among several varied optics techniques and capabilities at the facility, Syntec utilized its high-volume repli
ROCHESTER, NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Syntec Optics ("Syntec" or the "Company") (NASDAQ:OPTX) named Dean Rudy Chief Financial Officer, effective June 10, 2024. Mr. Rudy succeeds Mr. Robert (Casey) Nelson. Dean Rudy brings over 30 years of experience with a unique combination of financial and operational leadership skills cultivated in small, medium, and fortune-100-sized businesses with the common thread of partnering with the management team and achieving profitable company growth. Dean started his career and worked for 17 years at Xerox Corporation, where he held many roles within their manufacturing organization. He also served as the worldwide controller for their S
ROCHESTER, NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (NASDAQ:OPTX), a leading provider of mission-critical optics to scientific and technical instruments and aerospace and defense OEMs, announced today that Company Chairman and CEO Al Kapoor has been invited to present at the "Charting the Course: Navigating the Intersection of TMT and Business in the AI Era" Conference, presented by Maxim Group LLC, on Tuesday, June 4th and Wednesday, June 5th, 2024, at 8:00 a.m. Syntec Optics will be taking part in the "Charting the Course: Navigating the Intersection of TMT and Business in the AI Era" Conference and will present at 1.30 pm on June 4, 2024. The continuous
ROCHESTER, NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (NASDAQ:OPTX), a leading provider of mission-critical optics to scientific and technical instruments and aerospace and defense OEMs, announced today that it secured an order from an industry-leading blue chip customer to develop optical system for state-of-the-art low light digital sensors. These lenses allow more light to reach the camera sensor, thus enabling better performance in low-light conditions. Such pioneering systems require high technical challenges to design and make. Jim Olson, VP of Systems at Syntec Optics, said, "Preliminary results look very promising. Syntec's unique architecture performs well
ROCHESTER, NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and equipment OEMs in diverse defense, biomedical, communications, and consumer end-markets, today announced it will host a conference call to discuss its financial results and provide a business update on Thursday, August 15, 2024, at 5:00 p.m. Eastern Time (ET). Conference Call Details: Date: Thursday, August 15, 2024 Time: 5:00 p.m. ET Dial-In Number: +16469313860,,84095219819#,,,,*311664# (Please dial in prior to the call) Webcast: A recording of the conference call will be available on the Events & Presentations p
ROCHESTER, NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (NASDAQ:OPTX), a leading provider of mission-critical optics for scientific and technical instruments and defense and aerospace OEMs, today announced it will host a conference call to discuss its financial results and provide a business update on Tuesday, May 28, 2024, at 5:00 p.m. Eastern Time (ET). Conference Call Details: Date: Tuesday, May 28, 2024Time: 5:00 p.m. ETDial-In Number: +16469313860,,88062474752#,,,,*488772# (Please dial in prior to the call)Webcast: A recording of the conference call will be available on the Events & Presentations pa
10-Q - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
8-K - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
8-K - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
8-K - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
SD - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
10-Q - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
10-K - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
NT 10-Q - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
8-K - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
NT 10-K - SYNTEC OPTICS HOLDINGS, INC. (0001866816) (Filer)
Syntec Optics (NASDAQ:OPTX), a leading provider of scientific, technical instruments, aerospace, and defense optics, announced today that it has secured over $2.2 million in orders for its ultra-high-precision space optics. The company will utilize its newly developed dedicated production cell to scale production for deliveries scheduled for the third quarter of 2024.
Gainers Presto Automation (NASDAQ:PRST) shares rose 45.5% to $0.11 during Thursday's pre-market session. The company's market cap stands at $12.5 million. SMX (Security Matters) (NASDAQ:SMX) shares rose 23.02% to $0.15. The market value of their outstanding shares is at $5.7 million. Schmid Group (NASDAQ:SHMD) stock rose 16.72% to $4.99. The company's market cap stands at $214.4 million. Syntec Optics Holdings (NASDAQ:OPTX) stock rose 14.76% to $2.41. The market value of their outstanding shares is at $88.4 million. Cyngn (NASDAQ:CYN) stock increased by 10.83% to $0.09. The market value of their outstanding shares is at $12.4 million. Vuzix (NASDAQ:VUZI) shares increased by 10.52% to $
Gainers Comtech Telecom (NASDAQ:CMTL) stock increased by 86.6% to $4.05 during Wednesday's regular session. The market value of their outstanding shares is at $115.3 million. As per the news, the Q3 earnings report came out yesterday. Actelis Networks (NASDAQ:ASNS) stock moved upwards by 84.38% to $2.12. The company's market cap stands at $7.1 million. VirnetX Holding (NYSE:VHC) shares rose 19.61% to $4.94. The market value of their outstanding shares is at $18.1 million. Wrap Technologies (NASDAQ:WRAP) shares increased by 19.54% to $1.59. The market value of their outstanding shares is at $70.3 million. Airship AI Holdings (NASDAQ:AISP) shares moved upwards by 18.7% to $4.76. The marke
Syntec Optics ("Syntec"), a scientific and technical instruments and aerospace and defense mission-critical optics provider that further added product lines in the communications end-market with datacom microlens arrays, announced today $1.3M in secured 2024 orders, including $0.5M already delivered. It has received forecasted orders for the same product that can potentially double the demand to $3.2M. Syntec's experienced team will expand production and metrology for deliveries planned for these orders in 2024 and early 2025. Among several varied optics techniques and capabilities at the facility, Syntec utilized its high-volume replicative process for this microlens array in ultra-precise