secwatch.observer — SEC 8-K summary
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Issuer:     SYNTEC OPTICS HOLDINGS, INC. (OPTX)
CIK:        0001866816
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001493152-24-032098
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Syntec Optics Q2 revenue $7.01M (+12% seq), guides Q3 $9.5-11M, turns EBITDA positive.
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- Net sales $7.01M, up 12% from Q1 2024; product sales up 20% YoY to $7.0M.
- Adjusted EBITDA $1.32M vs negative $0.67M in Q1; EPS $0.01 vs negative $0.03.
- Q3 2024 revenue guidance $9.5-$11.0M; expects positive net income in H2.
- Secured orders for space optics, defense microdisplays; entered data center market with first order forecasted to $3.2M annually.
- Chairman Al Kapoor became CEO; Joe Mohr became Chief Manufacturing Officer; new CFO appointed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866816/000149315224032098/0001493152-24-032098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866816/000149315224032098/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-032098

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