ROCHESTER, NEW YORK — October 6, 2025 — Leads & Copy — Syntec Optics Holdings, Inc. (Nasdaq: OPTX) reported its financial and operational results for the full year 2024 and the first half of 2025. The company is a leading provider of mission-critical products to advanced technology defense, biomedical, and communications equipment & scientific instruments manufacturers.
Full Year 2024 Financial Highlights:
Sales from products increased by $1.9 million year-over-year. Adjusted EBITDA was positive at $2.2 million, but down $3.1 million from the 2023 adjusted EBITDA of $5.3 million. Cash, including available lines of credit, was nearly $5.1 million.
First Half 2025 Financial Highlights:
Net Sales were $13.6 million, up $0.3 million from $13.3 million compared to 2024. Adjusted EBITDA as a percentage of revenue increased to 15.3% for the six months ended June 30, 2025, compared to 5.8% for the same period in 2024. Cash, including available lines of credit, was $4.3 million. 8% of principal on commercial bank lines was paid down during the six months ended June 30, 2025. Net income for the six-month period ending June 30, 2025, improved by $0.9 million versus the same period in 2024.
Operational and Business Highlights:
Syntec Optics entered a new end-market – Energy – by enabling light for space-based solar power and grid-scale fusion energy products in the first half of 2025. They strengthened the management team in the first part of 2025 for public markets. Continued production on night vision goggles, integrated scope, and other aiming scope optics for defense in 2024 and the first half of 2025. Continued production for disposable optics for biomedical diagnostics in 2024 and the first half of 2025. Continued production for Low Earth Orbit Satellite Space Optics in 2024 and the first half of 2025. Launched one new product in optical connectivity for Artificial Intelligence deployment-based scaling of data centers in 2024, and started production runs in the first half of 2025. Initiated engineering that expands the space optics line of products into new products for complementary ground networks and satellite path tracking.
Investor Relations
InvestorRelations@syntecoptics.com
Source: Syntec Optics Holdings, Inc.
