Syntec Optics Q3 swings to net income of $246,574 as revenue rises 23% to $8.5 million
OPTX•Syntec Optics reported third-quarter net income of $246,574, compared with a year-earlier loss, as revenue rose 23% to a record $8.54 million. Space Tech revenue more than doubled to $1.3 million, and Defense Tech revenue climbed 31% to $4.2 million.
1. Quarterly results
Syntec Optics swung to third-quarter net income of $246,574 from a loss a year earlier. Revenue increased 23% year over year to a record $8.54 million.
2. Segment revenue and orders
Space Tech revenue more than doubled year over year to $1.3 million, while Defense Tech revenue climbed 31% to $4.2 million. After quarter-end, orders for a new actuator program expanded the company's space portfolio into hardware supporting NASA's Artemis III lunar mission.
