Optex Systems Q1 revenue up 11.6%, gross margin falls

Reuters

Feb 11

Optex Systems Q1 revenue up 11.6%, gross margin falls

Overview

Optical sighting systems maker's Q1 revenue rose 11.6% yr/yr
Gross margin fell to 22.9% due to increased gold costs
Company incurred $0.3 mln in non-recurring costs for CEO transition and other executive changes

Outlook

Optex expects higher revenues and gross profits in fiscal year 2026
Optex does not expect gross profit to drop over rest of 2026
Company anticipates increased demand due to higher defense spending
Optex plans to invest in R&D to expand product lines

Result Drivers

PERISCOPE DEMAND - Increased demand for periscopes and XM30 program development drove revenue growth, per CEO Chad George
GOLD COSTS - Margins compressed due to increased gold costs on Abrams day window program, impacting gross profit
CEO TRANSITION COSTS - Non-recurring costs of $0.3 mln incurred for CEO transition and retirement of senior employees

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$9.15 mln
Q1 Net Income		$242,000
Q1 Adjusted EBITDA		$728,000
Q1 Gross Margin		22.90%
Q1 Gross Profit		$2.10 mln
Q1 Operating Income		$149,000

Press Release: ID:nACSpmYfja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4187","symbol_name":"航天航空与国防","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260211:nL1N3Z70RE:1","article_id":"2610953084","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610953084","pubTimestamp":1770818978,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Optex Systems Q1 revenue up 11.6%, gross margin fallsOverviewOptical sighting systems maker's Q1 revenue rose 11.6% yr/yrGross margin fell to 22.9% due to increased gold costsCompany incurred $0.3 mln","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4187":"航天航空与国防","OPXS":"Optex Systems Holdings, Inc."},"translate_title":"Optex Systems第一季度收入增长11.6%，毛利率下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OPXS":0.9},"content_text":"Optex Systems Q1 revenue up 11.6%, gross margin fallsOverviewOptical sighting systems maker's Q1 revenue rose 11.6% yr/yrGross margin fell to 22.9% due to increased gold costsCompany incurred $0.3 mln in non-recurring costs for CEO transition and other executive changesOutlookOptex expects higher revenues and gross profits in fiscal year 2026Optex does not expect gross profit to drop over rest of 2026Company anticipates increased demand due to higher defense spendingOptex plans to invest in R&D to expand product linesResult DriversPERISCOPE DEMAND - Increased demand for periscopes and XM30 program development drove revenue growth, per CEO Chad GeorgeGOLD COSTS - Margins compressed due to increased gold costs on Abrams day window program, impacting gross profitCEO TRANSITION COSTS - Non-recurring costs of $0.3 mln incurred for CEO transition and retirement of senior employeesKey DetailsMetricBeat/MissActualConsensus EstimateQ1 Revenue$9.15 mlnQ1 Net Income$242,000Q1 Adjusted EBITDA$728,000Q1 Gross Margin22.90%Q1 Gross Profit$2.10 mlnQ1 Operating Income$149,000Press Release: ID:nACSpmYfjaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}