Optex Systems' (OPXS) Earnings Surge Y/Y in June Quarter [Yahoo! Finance]
Optex Systems Holdings, Inc. (OPXS)
NASDAQ:AMEX Investor Relations:
ir.stockpr.com/optexsys
Company Research
Source: Yahoo! Finance
The company achieved an earnings per share (EPS) of 18 cents, a significant increase from 9 cents recorded in the same period last year. Revenues for the quarter came in at $9.1 million, marking a 26.3% increase from the $7.2 million reported in the comparable quarter of the previous year. The quarterly performance of Optex Systems was robust, driven by increased deliveries across its two primary segments: the Optex Richardson segment and the Applied Optics Center segment. The Richardson segment, which includes optical sighting systems for military applications, saw a substantial revenue increase of $1.6 million, while the Applied Optics Center contributed an additional $0.3 million. This growth reflects a strong recovery in military product demand, which offset a decline in commercial optical assemblies. Image Source: Zacks Investment Research Key Business Metrics Gross Profit and Margins Gross profit for the quarter surged by 68.3% to $2.9 million from $1.7 million in th
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