secwatch.observer — SEC 8-K summary
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Issuer:     SYNTEC OPTICS HOLDINGS, INC. (OPTX)
CIK:        0001866816
Form:       8-K/A
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001493152-24-002746
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy Syntec reports $0.97M net income for 9mo 2023 vs loss of $0.2M in 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866816/000149315224002746/0001493152-24-002746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866816/000149315224002746/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002746

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer