Optex Systems Holdings Inc

Optex Systems Holdings, Inc. (Nasdaq: OPXS) manufactures optical sighting systems and assemblies primarily for the United States Department of Defense, foreign military applications, and commercial markets. The company operates through two main segments: Optex Richardson and Applied Optics Center, with approximately 90 percent of business supporting U.S. military products during the twelve-month period ended September 28, 2025.

The company's core products include periscopes in both laser and non-laser protected configurations, optical sighting systems, thermal imaging assemblies, collimators, and specialized optical components. Optex Richardson produces periscopes, sighting systems, and related optical assemblies for installation on major U.S. military platforms including the Abrams tank, Bradley fighting vehicle, and Stryker family of vehicles. The Applied Optics Center manufactures laser interference filters, optical assemblies, reticles, specialty thin film coatings, and high-efficiency anti-reflective coatings for infrared applications serving both military and commercial customers.

Optex Systems operates manufacturing facilities totaling approximately 93,967 square feet across its Richardson, Texas and Dallas, Texas locations. The company serves customers across four primary categories: prime defense contractors including the Defense Logistics Agency, defense subcontractors such as General Dynamics and BAE Systems, foreign governments including Israel and Canada, and commercial optical assembly suppliers. During the twelve months ended September 28, 2025, approximately 70 percent of gross business revenue derived from five major customers, with U.S. government agencies representing 29 percent and four U.S. defense contractors representing 19, 10, 6, and 6 percent respectively.

The company maintains approximately 120 discrete contracts and holds 31 active ITAR licenses with a total contract value of approximately $3.3 million as of December 3, 2025. Optex Systems is classified as a smaller reporting company and is not a well-known seasoned issuer. The company's business model emphasizes build-to-customer specifications, quality reliability, adherence to delivery schedules, and system life cycle extension for mission-critical soldier safety applications. The company website is www.optexsystems.com.