Syntec Optics (Nasdaq: OPTX) Enabling Optics for Near Vision Correction |
ROCHESTER, NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced it is enabling optics for the clinical development of innovative, non-incisional optics-based refractive error correction to recover near vision. This common age-related vision condition, affecting an estimated 128 million people in the U.S. alone, presents a significant and growing market opportunity for effective treatment solutions. |
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2025-05-07 12:37:00 |
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Syntec Optics (Nasdaq: OPTX) Adds Tom Lopa to the Team as Director of Opto-Mechanicals |
ROCHESTER, NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology products to defense, biomedical, communications, and consumer industry leaders, today announced that Tom Lopa has joined the company as Director of Opto-Mechanicals. Mr. Lopa brings extensive experience in manufacturing operations, strategic leadership, and manufacturing process optimization to Syntec Optics. |
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2025-04-29 12:29:00 |
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Syntec Optics (Nasdaq: OPTX) Announces $5.2 Million in New Orders for Defense Night Vision Goggle Optics |
ROCHESTER, NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (Nasdaq: OPTX), a leading provider of technology to defense, biomedical, communications and consumer industry leaders, today announced it has secured orders totaling nearly $5.2 million so far this year for optics and optomechanicals supporting the latest generation of advanced night vision goggles used in the U.S. defense to keep our soldiers out of harm's way. Syntec's mission-critical optics make the helmet-mounted goggle lighter to reduce neck trauma for soldiers. |
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2025-04-22 12:15:00 |
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Syntec Optics (Nasdaq: OPTX) Receives Increased Demand Approaching $4M in 2025 for Defense Tech Optomechanicals |
ROCHESTER, NEW YORK, April 15, 2025 (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 announced increased production of optomechanicals used in advanced miniature aiming systems. The company has delivered nearly $0.6M of the product in 2025 and is scaling up the production rate by nearly 50% to meet deliveries of an additional nearly $2.4M between April and October of 2025. |
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2025-04-15 12:45:00 |
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Syntec Optics (Nasdaq: OPTX) Secures New $2.1M Advanced Optics Order for Next Generation U.S. Defense Integrated Scopes |
ROCHESTER, NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of technology solutions for defense, communications, biomedical, and consumer end-markets, today announced securing follow-on orders of $2.1M for critical optics that integrate into the next-generation military scopes. |
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2025-04-10 12:45:00 |
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Syntec Optics (Nasdaq: OPTX) Develops New Data Center Optics to Meet Growing Demand; Expands Defense Integrated Scope Optics |
ROCHESTER, NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of technology solutions for defense, communications, biomedical, and consumer end-markets, today announced significant development progress on its new data center connectivity optics and military integrated scope optics. |
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2025-04-03 12:19:00 |
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Syntec Optics Anticipates Return to Double-Digit EBITDA in Q1 2025, Driven by New Management Team and Operational Efficiency |
ROCHESTER, NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of precision optics solutions for defense, communications, biomedical, and consumer end-markets, today announced preliminary expectations for its first quarter 2025 financial results, projecting a return to double-digit EBITDA. This positive outlook resulted from significant efforts by the new team focusing on operations efficiency and financial discipline. The company also continued to invest in new products for space optics, defense tech, biomedical optics, and consumer optics. |
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2025-03-26 18:27:00 |
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Syntec Optics (Nasdaq: OPTX) Expands Optics Product Lines in Growing Space Market |
ROCHESTER, NEW YORK, March 17, 2025 (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 announced a significant expansion of its space products offering to add optomechanicals for satellite optics and ground networks. These products are in the development and Production Part Approval Process (PPAP). Such diverse products further position Syntec to benefit from the rapidly expanding global satellite market, now forecasted by Goldman Sachs to become seven times bigger. |
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2025-03-17 10:15:00 |
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Syntec Optics Enables Revolutionary Photonic Biosensing for Accelerated Drug Discovery |
ROCHESTER, NEW YORK, March 10, 2025 (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 announced its continued collaboration to enable development of a novel photonic biosensing technology poised to transform drug discovery and testing. |
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2025-03-10 10:15:00 |
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Syntec Optics to Enable Next-Gen Augmented Reality System |
ROCHESTER, NEW YORK, March 04, 2025 (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 announced it is developing critical optics manufacturing and sub-assembly processes for the world's first approach to project vital information directly into the eye eliminating need for any Augmented/Virtual/Mixed Reality (AR/VR/MR) display optics. This groundbreaking product enabled for our OEM represents a paradigm shift in AR/VR/MR wearable technology. |
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2025-03-04 10:15:00 |
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Zacks Initiates Coverage of Syntec Optics With Neutral Recommendation |
Find out why Zacks has assigned a "Neutral" rating to Syntec Optics, being the first on Wall Street to initiate coverage on the stock. Uncover the company's growth in space optics and defense contracts, weighed against profitability challenges. |
zacks.com |
2025-02-14 15:31:06 |
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Mike Ransford Joins Syntec Optics (Nasdaq: OPTX) as Site Manager |
ROCHESTER, NEW YORK, Dec. 16, 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 announced the appointment of Michael J. Ransford as Site Manager. In this role, Ransford will oversee technology and operations. |
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2024-12-16 18:15:00 |
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Syntec Optics (Nasdaq: OPTX) Secures $2.1M in New Orders for Space Optics |
ROCHESTER, NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced that it has secured over $2.1 million in orders for its ultra-high-precision space optics. The company will utilize its dedicated production cell to continue delivering products. |
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2024-12-09 10:15:00 |
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Syntec Optics Stock Drops 36% Since Q3 Earnings Release, Sales Up Y/Y |
OPTX's earnings break even in Q3 and decline year over year. Revenue rise 19.2% year over year, boosted by data center and night vision demand. |
zacks.com |
2024-11-19 15:05:20 |
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Syntec Optics (Nasdaq: OPTX) to Host Conference Call to Discuss Financial Results and Business Update |
ROCHESTER, NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment manufacturers, today announced it will host a conference call on Monday, November 18, 2024, at 5:00 p.m. Eastern Time (ET) to discuss its financial results and provide a business update. |
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2024-11-15 13:37:00 |
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Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Third Quarter 2024 Financial Results |
ROCHESTER, NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (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. Third Quarter 2024 Financial Highlights Net Sales of $7.86 million increased by 12.3% from $7.01 million in Q2 2024, and sales from products of $7.33 million increased by 17.2% from $6.26 million in Q3 2023. |
globenewswire.com |
2024-11-14 18:37:00 |
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Syntec Optics (Nasdaq: OPTX) Plans to Restart Production for Precision Laser Guidance Optics for Next Five Years |
The award-winning production line contributes to increased success rate of military missions The award-winning production line contributes to increased success rate of military missions |
globenewswire.com |
2024-11-05 10:10:00 |
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Syntec Optics (Nasdaq: OPTX) Chairman & CEO to Keynote the Future of Photonics that Enables the Tech Frontier from Artificial Intelligence to Quantum and Defense |
CEO will deliver a speech titled “The Photonic Evolution: Current Trends and Future Growth Area” at the Global Photonics Forum 2024 CEO will deliver a speech titled “The Photonic Evolution: Current Trends and Future Growth Area” at the Global Photonics Forum 2024 |
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2024-09-24 12:14:00 |
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Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Second Quarter 2024 Financial Results |
Syntec achieves sequential revenue growth and returns to positive EBITDA and Earnings per Share. Syntec achieves sequential revenue growth and returns to positive EBITDA and Earnings per Share. |
globenewswire.com |
2024-08-14 19:12:00 |
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Syntec Optics (Nasdaq: OPTX) to Host Conference Call to Discuss Financial Results and Business Update |
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). |
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2024-08-13 20:30:00 |
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Syntec Optics (Nasdaq: OPTX) Launches Production of New Disposable Optics for Characterization of Biomolecules and Nanoparticles |
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. |
globenewswire.com |
2024-08-01 12:18:00 |
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Syntec Optics (Nasdaq: OPTX) to Manufacture over $1M in Advanced Optics for Next Generation U.S. Defense Integrated Optics System |
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. |
globenewswire.com |
2024-07-12 12:00:00 |
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Why Is Syntec Optics (OPTX) Stock Up 186% Today? |
Syntec Optics (NASDAQ: OPTX ) stock is rocketing higher on Wednesday alongside heavy pre-market trading of the optics and photonics components company's shares. This has more than 4.6 million shares of OPTX stock changing hands as of this writing. |
investorplace.com |
2024-06-26 11:57:07 |
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Syntec Optics (NASDAQ: OPTX) Announces Dean Rudy as New Chief Financial Officer |
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. |
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2024-06-10 20:05:00 |
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Syntec Optics (Nasdaq: OPTX) Secures Order to Develop a High Resolution and High Numerical Aperture Lens System for Next Generation Digital Night Vision |
Allows new digital night vision defense devices to approach legacy analog system performance Allows new digital night vision defense devices to approach legacy analog system performance |
globenewswire.com |
2024-05-30 12:00:00 |
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Syntec Optics (Nasdaq: OPTX) to Host Conference Call to Discuss Financial Results and Business Update |
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). |
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2024-05-24 20:15:00 |
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Syntec Optics Holdings, Inc. (Nasdaq: OPTX) Reports Fourth Quarter 2023, Full Year 2023 and First Quarter 2024 Financial Results |
Full Year 2023 Revenue and Adjusted EBITDA Grew Compared to 2022, Full Year 2023 Earnings per Share Rises to $0.06 from Negative $0.01 in 2022 Full Year 2023 Revenue and Adjusted EBITDA Grew Compared to 2022, Full Year 2023 Earnings per Share Rises to $0.06 from Negative $0.01 in 2022 |
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2024-05-24 11:26:00 |
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Syntec Optics (Nasdaq: OPTX) Announces Executive Changes to Support Growth Plan |
ROCHESTER, NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Syntec Optics Holdings, Inc. (“Syntec Optics” or the “Company”) (Nasdaq: OPTX), a leading provider of mission-critical optics to scientific and technical instruments and defense and aerospace OEMs, announced today executive-level changes. These changes will support its manufacturing excellence for organic growth and build upon its strategic initiatives for future inorganic growth. These executives will provide leadership across all key functions for continuing growth and development. |
globenewswire.com |
2024-04-15 12:00:00 |
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Syntec Optics (Nasdaq: OPTX) Secures Order to Develop New Disposable Optics for Digital Health Treatment |
ROCHESTER, NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- Syntec Optics, a leading provider of mission-critical optics for scientific and technical instruments and defense and aerospace OEMs, announced today the launch of process development for a high-volume production line to make disposable medical optics. After nearly three years of concept proposals, Syntec Optics secured the order and plans to install a fully automated advanced production line for this new product. |
globenewswire.com |
2024-04-12 12:00:00 |
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Syntec Optics (Nasdaq: OPTX) to Showcase Advanced Imaging and Sensing Technologies at SPIE Defense + Commercial Sensing 2024 |
ROCHESTER, NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Syntec Optics (Nasdaq: OPTX), a mission-critical supplier of scientific and technical instruments and defense and aerospace optics to OEMs, gears up for a dynamic presence at SPIE Defense + Commercial Sensing (DCS) 2024, taking place April 21 – 25, 2024, in National Harbor, Maryland. At booth #938, Syntec Optics will demonstrate its latest breakthroughs, engage with valued customers, and ignite further partnerships within the vibrant defense and sensing community. |
globenewswire.com |
2024-04-05 12:00:00 |
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Syntec Optics (Nasdaq: OPTX) Secures New Optics Order for Defense Head-Up Microdisplays |
ROCHESTER, NEW YORK, April 01, 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 orders for a new high-resolution, wide-field-of-view, innovative freeform prism subsystem that makes up high-brightness and high-contrast defense microdisplays used for viewing vital information. These new orders add to orders received for other versions of microdisplay optics already in production. |
globenewswire.com |
2024-04-01 12:53:00 |
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