Optex Systems Q1 revenue up 11.6% but net income falls 71%; new $10M buyback authorized

Optex Systems Holdings Inc

2026-Q1 EPS reported $0.03 revenue$9,145,000

Revenue $9.1M (+11.6% YoY); net income $0.2M vs $0.8M; diluted EPS $0.03 vs $0.12.
Gross margin 22.9% vs 26.0% due to loss reserve on gold usage in Abrams coating contract.
Operating income $0.1M vs $0.9M; $0.3M non-recurring G&A costs from CEO transition and senior retirements.
New orders $7.9M (+31.7%); $2.2M laser filter order from prime contractor received post-quarter.
Board approved new $10M stock repurchase program; prior program terminated.

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