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Stock impact report

Zacks Initiates Coverage of Optex Systems With Outperform Recommendation [Yahoo! Finance]

Optex Systems Holdings, Inc. (OPXS) 
NASDAQ:AMEX Investor Relations: ir.stockpr.com/optexsys
Company Research Source: Yahoo! Finance
This bullish stance reflects the firm's strong financial performance and strategic positioning within the defense sector, making it an attractive investment in the growing market for military-grade optical systems. Optex Systems has demonstrated robust growth, with revenues increasing significantly from $17.6 million to $24.6 million for the nine months ended Jun 30, 2024. This 39.8% year-over-year growth underscores the company's ability to capitalize on rising defense spending and demand for its specialized products, including periscopes, rifle sights and night vision systems. The company's expanding order backlog, which grew from $43.5 million to over $47 million within a few months, highlights its successful acquisition of new contracts and sustained market demand. Notable among these is a $3.8 million order for laser-protected periscopes and a $2.5 million contract for laser filter units. These wins solidify Optex Systems' role as a key supplier to the U.S. Department of Defe Show less Read more
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