other material
confidence high
sentiment positive
materiality 0.65
Legacy Syntec reports $0.97M net income for 9mo 2023 vs loss of $0.2M in 2022
SYNTEC OPTICS HOLDINGS, INC.
- Net sales $21.2M (9mo 2023) vs $20.8M (9mo 2022); gross profit $5.9M vs $4.2M.
- Q3 2023 net income $354K vs Q3 2022 net loss $71.5K; EPS $101.17 vs ($20.44).
- Cash $103K at Sep 30 2023, down from $526K at Dec 31 2022; line of credit $6.55M.
- Total assets $23.7M; stockholder's equity $10.4M up from $9.5M at year-end 2022.