Syntec Optics Posts Record $8.5 Million in Third-Quarter Revenue
Key Facts
Syntec Optics reported record third-quarter revenue of $8.5 million on Nov. 13, 2026, up 23% year over year, according to a statement published via GlobeNewswire. The company said net income was $0.2 million, compared with a net loss of $1.4 million in the year-earlier quarter. That represented a $1.6 million improvement in net income between the periods. Gross profit also rose to $1.9 million, up 127% year over year. The company said adjusted EBITDA was $0.9 million, equal to 10% of revenue, compared with near breakeven a year earlier.
The results reflect simultaneous improvement in sales and profitability compared with the third quarter of 2025. The company said selling, general and administrative expenses were $1.7 million, down $0.3 million from the year-earlier period. The expense decline coincided with higher gross profit and a return to positive net income. Adjusted EBITDA was $0.9 million, or 10% of revenue, according to the statement. A year earlier, the company had described the measure as near breakeven, without giving an exact comparison figure. Net income moved from a loss of $1.4 million to a profit of $0.2 million over the year.
Space technologies and defense technologies together accounted for 64% of quarterly revenue, the company said. Space technologies revenue rose 117% year over year to $1.3 million, while defense technologies revenue increased 31% to $4.2 million. The figures show that the two segments generated more than half of quarterly revenue, with both recording annual growth. The company said life sciences revenue rose 12% to $2.7 million, representing 31% of total quarterly revenue. AI data center activity generated $0.2 million, while other scientific instruments contributed $0.2 million. Reported revenue therefore included space, defense and life sciences, along with smaller contributions from the other two segments.
On liquidity, Syntec ended the quarter with $14.4 million in cash and cash equivalents on Sept. 30, 2026, up from $14.0 million at the end of the second quarter. The company said operating activities generated $1.3 million in cash during the first nine months of the year. The quarter-end balance is compared with the balance on June 30, while the cash flow figure covers the period from the start of the year through the end of September. The statement presented both figures alongside the company’s return to quarterly net profit. It also reported growth in gross profit and revenue, and contributions from the main segments in the quarter. The statement did not report a change in cash compared with the same period a year earlier.
Management said it plans to expand manufacturing capabilities, make use of available capacity and pursue complementary growth opportunities, while focusing on continued revenue growth and stronger profitability. The company said the products involved typically have life cycles of 7 to 10 years. It added that its efforts in the fourth quarter and beyond include adding new programs to use open production capacity. Management said: "Our focus is on converting this opportunity into sustainable revenue growth and stronger profitability." The company linked its plans to operating available capacity and building revenue growth, while listing stronger profitability among its stated goals. The statement gave no revenue or profit targets for future periods.
Syntec scheduled its earnings call for Nov. 17, 2026, at 5:00 p.m. Eastern time, according to the statement. The call is scheduled to follow the Nov. 13 announcement of third-quarter results. The company plans to present results and discuss business developments at that time, according to the announced call schedule. Management’s stated priorities remain revenue growth and improved profitability, alongside expanding manufacturing and using available capacity. The company also said it continues to add new programs in the fourth quarter and subsequent periods. The announcement included no specific future figures for those programs or their expected financial impact.