Syntec Optics Holdings (OPTX) AI Stock Analysis

• Market Cap: $216.35M
• Dividend Yield: N/A
• Average Volume (3M): 242.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.14
• Revenue Growth: -44.83%
• EPS Growth: -296.14%
• Country: US
• Employees: 148
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 36,920,227
• 10 Day Avg. Volume: 342,440
• 30 Day Avg. Volume: 242,031
• PEG Ratio: 0.17
• Price to Book (P/B): 8.09
• Price to Sales (P/S): 3.14
• P/FCF Ratio: -40.90
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 8.56
• Enterprise Value/Gross Profit: 41.57
• Enterprise Value/Ebitda: 582.73
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $8.00 ▲(129.89% Upside)

The score is held down primarily by weak financial performance (losses, negative equity, and negative free cash flow), partially offset by strong technical momentum with overbought risk. Valuation adds uncertainty because the negative P/E reflects unprofitable operations and there is no dividend support.

Positive Factors

Margin Improvement

Improving gross and EBITDA margins indicate better cost control and operational efficiency. Sustained margin expansion provides a clearer path to profitability even if revenue is soft, improving free cash flow potential and resilience to moderate top-line pressure over months.

Governance & Incentives

Stronger governance and approved equity incentives align management and employees with shareholder interests, improving retention and oversight. This structural governance stability supports consistent strategy execution and financial discipline over the medium term.

Improving Cash Flow Trend

A large improvement in free cash flow growth rate signals improving cash conversion from operations. If this trend persists, it reduces reliance on external financing, helps fund operations, and can materially improve liquidity and strategic flexibility over several quarters.

Negative Factors

Negative Equity

Material negative equity and elevated leverage constrain the company’s ability to access capital and increase insolvency risk. Over the medium term this limits funding for growth, increases refinancing vulnerability, and may force dilutive or costly capital raises.

Unprofitable Operations

Persistent negative margins mean the business is not generating sufficient profits to self-fund investments. Continued losses erode balance sheet strength, hinder retained-earnings recovery, and require sustained operational improvement to restore long-term financial stability.

Revenue Weakness

A shrinking top line reduces scale benefits and limits the impact of margin gains. If revenue weakness persists, fixed-cost absorption and margin improvements may be insufficient to reach sustained profitability, pressuring cash flows and strategic options over the coming quarters.

Syntec Optics Holdings Business Overview & Revenue Model

Company Description

Syntec Optics Holdings, Inc. manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials. The company also provides clean room assembly, such as opto mechanical, opto electronic, and integrated photonics; infrared optics, microlens arrays, software development, and optical metrology, and catalog optics services. In addition, it offers driverless cars, integrated photonics, robotics, sensors, VR and AR, machine vision, facial imagining, heads up display, finger print scanners, and laser scanners technology for consumers; night vision goggles, missile laser guides, biometrics, infrared and thermal imaging, ordnance optics, head mounted displays, 2D and 3D scanners, humvee lighting , laser targeting, protective domes and windows, and lidar technologies for defense and miliary; and medical diagnostic, microfluidics, surgical components and systems, and medical sensing technology for medical sectors. The company was founded in 1981 and is based in Rochester, New York.

How the Company Makes Money

Syntec Optics Holdings generates revenue primarily through the sale of its optical products to original equipment manufacturers (OEMs) and direct consumers. The company has established key revenue streams in the form of bulk orders from large electronics manufacturers, partnerships with automotive companies for specialized lens solutions, and contracts with medical device firms for custom optics. Additionally, Syntec Optics may benefit from ongoing maintenance and support services related to its products, as well as potential licensing agreements for its proprietary technologies. Strategic collaborations and joint ventures with industry leaders further bolster its market presence and contribute to its earnings.

Syntec Optics Holdings Financial Statement Overview

Summary

Overall financial quality is weak: revenue declined 3.18% (TTM), profitability is negative (net margin -5.46%, EBIT margin -3.28%), and cash flow remains negative despite improved free cash flow growth. The balance sheet is the biggest risk, with negative stockholders’ equity (-1,309,471) and elevated leverage (debt-to-equity 1.05).

Income Statement

Syntec Optics Holdings has shown fluctuating revenue growth with a recent decline of 3.18% in TTM. The gross profit margin has improved to 23.34% in TTM from 20.04% in 2024, indicating better cost management. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -5.46% and negative EBIT margin of -3.28% in TTM. The EBITDA margin has improved to 6.32% in TTM, suggesting some operational improvements.

Balance Sheet

The balance sheet shows a concerning negative stockholders' equity of -1,309,471 in TTM, indicating potential financial instability. The debt-to-equity ratio is high at 1.05, reflecting significant leverage. Return on equity is negative, highlighting profitability challenges. The equity ratio is not calculable due to negative total assets, indicating financial distress.

Cash Flow

Cash flow analysis reveals a significant increase in free cash flow growth rate at 233.67% in TTM, but the free cash flow remains negative. The operating cash flow to net income ratio is low at 0.11, indicating weak cash generation relative to net income. The free cash flow to net income ratio is negative, reflecting cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.90M	28.45M	29.44M	27.84M	26.62M
Gross Profit	5.75M	5.70M	7.92M	6.13M	6.59M
EBITDA	410.06K	189.32K	4.31M	2.61M	4.64M
Net Income	-2.99M	-2.48M	1.98M	-434.57K	3.25M
Balance Sheet
Total Assets	24.58M	27.96M	28.27M	23.03M	147.43M
Cash, Cash Equivalents and Short-Term Investments	577.92K	598.79K	2.16M	526.18K	494.60K
Total Debt	11.37M	11.41M	8.93M	10.00M	0.00
Total Liabilities	14.77M	16.92M	15.21M	13.57M	5.24M
Stockholders Equity	9.81M	11.03M	13.06M	9.46M	142.19M
Cash Flow
Free Cash Flow	44.85K	-2.18M	871.04K	687.08K	-274.02K
Operating Cash Flow	1.30M	-942.83K	2.79M	1.93M	-274.02K
Investing Cash Flow	-1.26M	-930.87K	-1.92M	-685.43K	-146.63M
Financing Cash Flow	56.29K	314.24K	761.02K	-3.02M	147.39M

Syntec Optics Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPTX, the sentiment is Positive. The current price of 3.48 is below the 20-day moving average (MA) of 6.55, below the 50-day MA of 4.35, and above the 200-day MA of 2.37, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 26.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OPTX.

Syntec Optics Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LPTH	53 Neutral	$648.64M	-26.25	-33.03%	―	36.85%	-77.93%
ELTK	51 Neutral	$56.68M	49.50	2.70%	2.16%	2.54%	-79.99%
OPTX	49 Neutral	$216.35M	-77.22	-27.25%	―	-44.83%	-296.14%
GNSS	49 Neutral	$90.42M	-6.16	-183.60%	―	69.76%	43.82%
REFR	44 Neutral	$33.98M	-18.33	-87.36%	―	-16.49%	-59.21%
LINK	41 Neutral	$52.92M	-26.02	-13.78%	―	-1.70%	17.13%

Syntec Optics Holdings Corporate Events

Syntec Optics Shareholders Approve Key Governance and Equity Items

On January 20, 2026, Syntec Optics Holdings, Inc. held its Annual Meeting of Stockholders, where shareholders voted on board elections, auditor ratification, equity compensation, and corporate charter changes. Investors re-elected Class II directors Wally Bishop and Albert A. Manzone to serve until the 2028 annual meeting, ratified the appointment of CBIZ, Inc. as the independent registered public accounting firm for the fiscal year ending December 31, 2025, approved the grant of restricted stock units under the 2023 Equity Incentive Plan, endorsed an amendment to the company’s Second Amended and Restated Certificate of Incorporation, and authorized the consideration of any other business, collectively reinforcing the company’s governance structure, executive and employee incentive alignment, and financial oversight framework.

The most recent analyst rating on (OPTX) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Syntec Optics Holdings stock, see the OPTX Stock Forecast page.