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OPXS moved to the Nasdaq from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Buyers are ask slapping again today. Back test / chart shows a higher low.
Do go to the $3 to $4 range now?
Almost 20% of the OS of OPXS was bought back, deal is done.
The OS on this firm is tiny.
Military spending is going up, NATO and Germany and Ukraine buying like its candy.
Positive PE, so much cash they bought back almost 20% of the OS retail shares well above the market lows, at almost 35% premium....
Details here:
https://ih.advfn.com/p.php?pid=nmona&article=89101963
My thinking is they are planning an up list to National exchange, and decided the best investment for their profits is to have the treasury buy back shares $OPXS
$OPXS buying back $4 mil dollars of the float now. And making lots of profits...
Optex Systems Holdings, Inc., established in 2009, is the parent company of Optex Systems Inc. Optex Systems, Inc. (Optex) originally founded in 1987, is a veteran- owned small business, serving the United States defense industry.
Fully ITAR-compliant, Optex is specifically targeted towards military products and services. The Company designs, builds, and ships thousands of units per month as either a Prime Contractor to the US Government or as a sub-contractor to original equipment manufacturers, like General Dynamics Land Systems (GDLS), BAE Systems, and L3 Communications.
With an expertise in Optical and Mechanical Assemblies, Optex has established itself as a critical supplier on multiple armored vehicle platforms (Abrams, Stryker, Bradley), fire control systems (howitzers, .50cal machine guns), and night/thermal vision sights (Armored Security Vehicle, Light Armored Vehicle (LAV), night vision rifle scopes).
Huge news a day ago, $OPXS is buying back up 1/3 of the float above market.
Making the retail float get even smaller.
Smart move
https://ih.advfn.com/stock-market/USOTC/optex-systems-qb-OPXS/stock-news/88869878/tender-offer-statement-by-issuer-sc-to-i?xref=ff_sidebar_quote
This beast is insanely undervalued now. Read why:
https://ih.advfn.com/stock-market/USOTC/optex-systems-qb-OPXS/stock-news/87280261/quarterly-report-10-q
52 week highs being made here. IMO one spark of news and This could double in days, with such a small tight share structure, and now with NATO and Germany and others starting to increase spending because of Ukraine-Putin...
Been long on this one since 2013/2014.... 250 new tanks for Poland could be just the start...
I still think OPXS makes a run to $3 to $4, just needs a spark. It has already made the break out...
https://seekingalpha.com/article/4450533-optex-systems-a-high-quality-business-seeing-sharp-increase-in-backlog
Lots of vendors to the government have terrible margins. I’m not sure what the mechanics are that leave margins in the 20’s for these particular products. It may be in our interests anyway as fat 50% margins would likely attract bigger more formidable competition.
I’m just happy with the idea that there is more margin upside.
I wonder why they do not think they can get gross margins to 40 or 50% ?
With these type of products and fed gov as a customer one would think they could do much better than 30%.
Pretty good LD Micro call yesterday. Most notable thing is the company thinks they can grow margins to the 30% range.
https://www.webcaster4.com/Webcast/Page/2019/33279
Yeah the IDIQ contracts are piling up big time
And another big WIN! Congrats Optex! Revenue growth looking like a sure thing for next several years.
Not planning to
As a side note earnings are out and dead center in the middle of my .05-.07 estimate. Also looks like they are pointing to 6.1 million next quarter so it will likely be slightly better, but the bigger revenue numbers look like they will be back weighted to the second half.
Anyone attending this weeks annual meeting?
Completely agree on all counts
I agree with you 100%. I do not expect a big step up in share price next week but I do expect the stock to continue its rise for the next 24 months.
I love what I have seen in the daily trading.....big buying interest from funds.
You know the revenue guidance isn’t that exciting for the upcoming quarter right?
I mean they will make money, maybe .05-.07, but unless they sandbagged on revenue it won’t be as good as last quarter.
As of now it’s the May quarter I’m jazzed about. As of now that one looks like it will be epic.
The strength in share price is a good sign so I guess I could be wrong. That is certainly my preference.
Starting to get giddy in anticipation of upcoming earnings PR in about a week! Buckle up me thinks.
Nice! Up on big volume. No resistance in sight.
Ps and PE and ev/ebitda all crazy low!
Yesterday's order PR in case you missed it.
1.1 million non-military
http://www.investorpoint.com/stock/OPXS-Optex%20Systems%20Holdings%20Inc/news/6353868083626635/
has been off everyone's radar since pumpers lost interest after last investor rip-off. Is right around first resistance levels and is also in overbought territory so may tick up a few more pennies.
I love how this is completely off anyone's radar. That will change with the next couple quarterly reports. The next should be in first half of Feb, only 3 or so weeks away!
I also like the absence of any chart resistance above the current level. It could run a long way.
Good buy so far!
I expect this next earnings release to be decent not exceptional relative to last quarter. Given revenue guidance you are probably not looking at more than .07/share.
Q2 on the other hand could be a monster of biblical proportions.
Good point but I think opxs is headed higher because we are now only about 1 month from the next earnings release.....and it will be ggggoooooooodddd!
I bought more today at 2.09.
Not in favor, but saber rattling or an actual war with Iran is certainly bullish for defense and OPXS's business.
Seriously, PPS still right 01 cent (pre r/s etc ) and company can no longer blame military cuts etc as a reason. Multiple investor rip-offs hard to transcend and the investment community has clearly been speaking via lack of interest...
I wasn’t entirely clear. That 5.8 million in backlog is for q1. Q2 backlog is almost 7 million.
Yeah action was not exciting
It won't be until Q2 that results get really hard to ignore. If you look at the 10k their orders in backlog right now are 5.8 million. They do a really nice job of guiding on their delivery schedules and its likely that 5.8 is in the ballpark of where they will be. There may be a bit of upside to that around the DLA order as well as normal variance up and down, but revenues are going to likely be in the 6 million range.
They did mention their "distractions" are behind them which I am interpreting to mean their margin issues. That leaves me figuring .06-.07 is a good guess for next quarter.
Where it really gets interesting in Q2. They already have 6.8 in the backlog for Q2 delivery. That number almost always increases as the quarter approaches (with 1 recent exception). It wouldn't surprise me to see revenue in Q2 of 7.5 million and EPS as high as .15/share. That isn't going to be ignorable, and I think it would get you to 5 dollars. Then G&H revenue should hit in the back half of 2020.
Agree...Surprised by the muted volume.
Schoening could have elaborated on the
backlog? He announced an increase of 5%
as of Sept. 29th. But said nothing about
the subsequent orders in November?
As CEO . If you are not going to host
a conference call and answer questions.
You are not being transparent enough.
Well that was a disappointing day for the stock.
Retailers can be sssoooooo silly.
I first read it on Yahoo Finance.
Seeking Alpha also has it.
You have a link? I don't see it in my trading station or anywhere else yet.
Edit:
Never mind its on their website
https://ir.stockpr.com/optexsys/press-releases/detail/526/optex-systems-holdings-inc-announces-fiscal-year-2019
I hope that hits the wires. It was missing from almost every website I use as well as my broker. It was on yahoo finance and their website.
They already issued the PR.
It is great!
Hopefully they do a PR in the AM
As opposed to say 7 pm tonight.
I get normalized EPS of more like .37 if you back out warrant adjustments
Still this is a stock that is under 2 bucks. It could double and still be undervalued. Haven't read through the 10k yet but I did noticed it is peppered with references to nasdaq uplisting requirements. I think that is a near term intent at this point which is another catalyst in addition to earnings numbers.
Wowie Zowie
Trailing EPS is now 45cents per share.
Revenue growing well.
Strong confident statements by Management with the backlog to back it up!
One way or another the stock has to go up.
It should be $6 to $8 range right now. Current price is a silly joke, buy all you can!
Hallelujah! The turnaround confirmed.
10K is out. Looks like a blowout Q4
I get normalized EPS of about .11/share.
I always admire those with whom I agree.
Earnings to be announced this week.
Aim high Optex. It can't hurt the gun.
The downside of buying things that seem really undervalued is that they are almost always unknown (until they aren’t)
Hopefully that’s the case here. A lot of the optics line up for them to get noticed
Big contract
Overseas sales through g&h
A potential uplisting
They need to execute of course and they do lay an egg sometimes as they did last quarter.
Wow no one follows this at all.
A 35 million contract is significant even shared.
Some uncertainty on realizable size given it’s an IDIQ, but yeah great contract.
And they should start booking orders for G&H early next year which is another sweetener.
Will be interesting to see where the current quarter lands and what the delivery schedule looks like for the next couple quarters. I have been a bit concerned about margins but typically higher revenues mean better margins for them and they were guiding for a high revenue quarter.
Beautiful contract news tonight!
Stock is silly cheap.
When I bought there were 7000 at an ask of 1.60 so I bought those.
Then a few minutes later there were 2000 at ask of 1.63 and I bought those with a 3000 sh buy at the market. That is what took it to 1.77.
Glad you weren’t the only buyer. There were a couple other decent blocks at the ask.
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Company website: www.optexsys.com
Optex Systems Holdings, Inc., (OTCQB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc is a well positioned defense company with an established history in the industry, a strong customer base and a backlog of contracts moving forward.
Optex Systems, Inc. was founded in 1987 as an ISO 9001:2000. In February 2009, the Optex ISO status changed to 9001:2008 certified concern, which manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.
Market Opportunity - U.S. Military
Optex products are currently marketed in the military and related government markets. Since 1998, American military spending has increased over 225% on an annual basis to over $600 billion per year. As the American presence overseas continues, this level of spending should continue to exist. Also, the market for replacement parts for existing military equipment is significant.
Optex meets the U.S. military requirements with its product line:
Optex products are currently sold exclusively to military and related government markets. We believe we have significant potential retail opportunities to commercialize various products we presently manufacture. Our initial focus will be directed in three product areas.
Big Eye Binoculars - While the military application we produce is based on mature military designs, Optex owns all castings, tooling and glass technology. These large fixed mount binoculars could be sold to Cruise Ships, Personal Yachts and Cities/Municipalities.
Night Vision Goggles - Optex presently manufactures the Optical System for the NL-61 Night Vision Goggles for the Ministry of Defense of Israel. This technology is based on the IR Squared design and could be implemented for retail commercial applications.
Infrared Imaging Equipment - Optex manufactures and assembles Infrared Imaging Equipment for Textron and components for Raytheon's Thermal Imaging M36 Mount product. This equipment and technology has potential to be assembled for border patrol, police and security agencies.
Optex products are installed on a majority of types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Advanced Security Vehicles and have been selected for installation on the Stryker family of 10 vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.
Specific product line includes:
Optex serves customers in three primary categories:
1. Prime contractor for TACOM, U.S. Army, Navy and the Marine Corps.
2. Subcontractor for BAE (LSE: BA.L), General Dynamics (NYSE: GD), Northrop Grumman Corporation (NYSE:NOC) and Raytheon Company (NYSE: RTN).
3. Supplier to foreign governments that include Israel, Australia, NAMSA and South America.
As of September 2013, we derived approximately 89% of our gross business revenue from three customers: 47% from General Dynamics Land Systems Divisions, 30% from The U.S. Government (primarily DLA), and 12% from BAE Systems (with which we have approximately 75 discrete contracts for items that are utilized in vehicles, product lines and spare parts.)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As of August 8, 2014
Outstanding Shares = 170,913,943 --- Float = 56.23M
(Authorized Shares = 2B)
$10.3M (Assets) - $3.0M (Liabilities) = $7.3M (Net Assets)
Market Cap = $2.87M
Price/Book Value = .33 --- Book Value Per Share = .04
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