Optex Systems Lands $1.25M Government Order for Laser Protection Filters
OPXS sits 59% above its 52-week low of $8.42.
Summary
Optex Systems secured a $1.25 million order from the U.S. Government for laser protection filters, with deliveries scheduled from Q3 FY2027 through Q1 FY2028. This order, similar in size to one announced in March, contributes to the company's total backlog, which now exceeds $32.5 million. This continued business is a positive development, especially following the 10.3% Q2 revenue decline reported in May and the CEO's full share sale in March. The substantial backlog provides a solid revenue base for future periods.
At the time of this announcement, OPXS was trading at $13.41 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $93.3M. The 52-week trading range was $8.42 to $17.76. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.