Filing Flows › Syntec Optics Holdings (OPTX) › Q1 2026
Syntec Optics Holdings (OPTX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Syntec Optics Holdings (OPTX) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -13% from the quarter before. Operating margin was -11.9%, net loss $898K (13.8% of revenue).
Syntec Optics Holdings, Q1 2026: revenue $6.5M (-8% year over year), operating margin -11.9%, net loss $898K, operating cash flow $470K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | -13% | -8% |
| Operating profit | −$776K | -343% | -247% |
| Net earnings | −$898K | — | -377% |
| Operating cash flow | $470K | — | +57% |
| Free cash flow | $175K | — | +107% |
What changed
Revenue was $6.5M in Q1 2026, down 8% year over year and down 13% from the previous quarter. Products was the largest line at 99% of revenue. Products lost $460K year over year (down 7%), 83% of the total change.
Gross margin was 14.8%, down 17.9 points from Q1 2025. Operating costs exceeded revenue by $776K, an operating margin of -11.9%. Operating expenses fell 2% while revenue fell 8%. The quarter ended with a net loss of $898K, wider than the previous quarter's $344K loss.
Operating cash flow was $470K (up 57% year over year). Non-cash charges added back $540K of depreciation and $75K of share-based compensation. Working capital and other items added $753K. Capital expenditures of $294K left free cash flow of $175K.
Questions
What was Syntec Optics Holdings' revenue in the first quarter 2026?
Syntec Optics Holdings (OPTX) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -13% from the quarter before.
Was Syntec Optics Holdings profitable in the first quarter 2026?
Operating loss was $776K (-11.9% of revenue) and net loss $898K.