NASDAQ$OPTX
Syntec Optics Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Achieved sequential revenue growth and returned to positive EBITDA and Earnings per Share.
Syntec Optics reported a net sales of $7.01 million for Q2 2024, a 12% increase compared to Q1 2024. The company achieved an adjusted EBITDA of $1.32 million and a net income of $0.3 million, or $0.01 per share, up from negative $1.2 million or negative $0.03 per share for Q1 2024.
- Net sales for Q2 2024 were $7.01 million, a 12% increase compared to $6.3 million in Q1 2024.
- Product revenue increased by 20% to $7.0 million compared to $5.8 million in Q2 2023.
- Adjusted EBITDA for Q2 2024 was $1.32 million, compared to a negative $0.7 million in Q1 2024.
- Net income for Q2 2024 was $0.3 million, or $0.01 per share, up from negative $1.2 million, or negative $0.03 per share for Q1 2024.
Headline financials
Revenue & EPS history
Syntec Optics · Revenue · Quarterly
$0
Revenue by segment
Syntec Optics · $6.51M total across 4 segments · Q1 2026
- Communication$1.84M—28.3%
- Consumer$1.59M—24.5%
- Defense$1.56M—23.9%
- Medical$1.52M—23.3%
Forward guidance
The company expects Q3 2024 revenue to be in the range of $9.5 - $11.0 million and anticipates continued strength from the communications and biomedical end-markets in Q4, with additional growth coming from defense-based product launches. Positive net income is expected in the second half of the year.
Tailwinds
- Ongoing sales into the communications, medical, and defense industries are expected to accelerate in the third quarter.
- Space communications optics and datacom microlens arrays are expected to drive growth in Q3.
- Gross margin is expected to hold level or slightly improve based on the profitability of ramping up products.
- Continued strength is anticipated from the communications and biomedical end-markets in Q4.
- Additional growth is expected from defense-based product launches in Q4.
Headwinds
- General and administrative costs are expected to increase modestly to enable ramped-up engineering, quality, and pilot production to support continued growth in the third quarter.
- Decrease in custom tooling revenue compared to the prior year.
- Decrease in non-recurring engineering revenue compared to the prior year.
- Year-over-year decrease in adjusted EBITDA due to a decrease in gross profit.
- Year-over-year increase in general and administrative expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 10 quarterly earnings reports · overlaid with Q2 2024
-2.6%
Avg return
Earnings day
-3.7%
Avg return
5 days after
-9.6%
Avg return
30 days after
18%
2 / 11 earnings
Positive
+68.5%
Q2 2024
Best reaction
-32.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.3% | +17.6% | — | |
| Q3 2025 | -5.0% | -32.0% | -24.1% | |
| Q2 2025 | -6.1% | +4.1% | +22.5% | |
| Q1 2025 | -16.3% | -22.2% | +7.5% | |
| Q3 2024 | -32.9% | -40.7% | -36.4% | |
| Q2 2024 | +68.5% | +66.7% | +26.9% | |
| Q4 2023 | -7.0% | -13.7% | -0.7% | |
| Q4 2022 | -7.0% | -0.9% | -20.7% | |
| Q1 2024 | +0.3% | +4.4% | -19.0% | |
| Q3 2023 | -17.0% | -23.9% | -51.8% | |
| Q2 2023 | -0.2% | -0.2% | -0.2% |
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