Optex Systems Holdings, Inc. announced financial results for the three and six months ended March 30, 2025, reporting a record-breaking quarter for revenue. Consolidated revenue for the quarter increased by 25.9% year-over-year to $10.73 million, contributing to a 22.2% increase for the six months, totaling $18.93 million.
Profitability saw significant improvement, with consolidated gross profit for the three months rising by 31.4% to $3.36 million, resulting in a gross margin of 31.3%. Net income increased by 66.5% to $1.77 million for the quarter and 74.9% to $2.61 million for the six months, driven by strong gross profit growth and stable general and administrative expenses.
The company's financial health is robust, with $3.53 million in cash and cash equivalents and zero outstanding debt on its revolving credit facility. Working capital increased to $17.9 million from $15.1 million. The backlog as of March 30, 2025, stood at $41.1 million, with a subsequent $5.7 million award bringing the total to $46.8 million, providing a solid foundation for future revenue.
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