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Optex Systems Holdings Inc. (OPXS)

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                             Optex Systems Holdings Inc.

 Optex Systems Holdings Inc. Headquarters

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.

 

  • December 16, 2013, Optex issued the first Patent covering its Digital Day and Night Elbow Technology - See DDAN Datasheet
     

 



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:

  • Reliabilty - failure can cost lives
    Cost effectiveness
    Ability to deliver on schedule
    Armed forces need to see to perform
    Mission critical products

     
 Market Opportunity - Commercial/Retail

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.
 

Products

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:

  • Electronic sighting systems
    Mechanical sighting systems
    Laser protected glass periscopes
    Laser protected plastic periscopes
    Non-laser protected plastic periscopes
    Howitzer sighting systems
    Ship binoculars
    Replacement optics (e.g. filters, mirrors)


Customer Base

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.)

 

December 9, 2013 - Optex Systems, Inc. Wins $1.0 Million Award Under General Dynamics Contract
 
• April 8, 2014 - Optex Systems Holdings, Inc. Announces First Shipment to South America

August 21, 2014 - Optex Systems Wins $3,276,112.50 Federal Contract

• November 4, 2014 - Optex Systems Announces Acquisition of Applied Optics Center, Division of L-3 Communications Warrior Systems Sector
 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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



 

See long term (2010-2014) OPXS chart analogy from SPM55  - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104764246

 
OPXS
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OPXS News: Quarterly Report (10-q) 05/14/2019 04:04:17 PM
OPXS News: Notice of Effectiveness (effect) 03/21/2019 06:01:51 AM
OPXS News: Post-effective Amendment to Registration Statement (pos Am) 03/06/2019 02:47:19 PM
OPXS News: Amended Statement of Ownership (sc 13g/a) 02/13/2019 05:03:53 PM
OPXS News: Quarterly Report (10-q) 02/11/2019 05:04:14 PM
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PostSubject
#21746   The legend of OPXS continues! Ecomike 05/22/19 03:07:34 PM
#21745   1.2 million dollar order gilead23 05/22/19 08:13:03 AM
#21744   I am sure that you do realize this fireopal 05/21/19 11:15:21 PM
#21743   PE is now 10:1 Ecomike 05/17/19 01:06:43 PM
#21742   Just a hunch but I think the market subslover 05/17/19 12:07:46 PM
#21741   Holding nicely here. 2 year chart shows no Ecomike 05/17/19 10:58:07 AM
#21740   YES SIR! They certainly do. Nice follow through subslover 05/16/19 09:39:45 AM
#21739   When does the OPXS short covering start??? Ecomike 05/15/19 06:18:39 PM
#21738   I am surprised that there isn't more of tsoprano-1 05/15/19 03:57:28 PM
#21737   1/4 million dollars dropped down here in a Ecomike 05/15/19 11:26:59 AM
#21736   Miracles do happen Ecomike 05/15/19 10:57:59 AM
#21735   OPXS NEW 52 week high on HUGE REV's subslover 05/15/19 09:58:11 AM
#21734   Short volume was reported as $120,000 recently. Ecomike 02/20/19 12:23:02 PM
#21733   LOL, I love it, I was thinking the Ecomike 02/20/19 12:05:20 PM
#21732   Understood and was only letting you know Redburns fireopal 02/16/19 12:28:12 AM
#21731   I bought my shares in March 2017. dg33 02/15/19 10:01:27 PM
#21730   are you holding shares you bought a while fireopal 02/15/19 05:12:34 PM
#21729   Optex Systems Announces $1.9 Million Order from DLA subslover 02/13/19 12:14:14 AM
#21728   Margins generally should go higher on higher revs littlefish 02/12/19 09:21:17 PM
#21727   LF any thoughts on margins near term? This has gilead23 02/12/19 07:46:10 PM
#21726   Smoke and mirrors like the after-hours announcement today dg33 02/12/19 07:39:54 PM
#21725   Just more smoke and mirrors. "Recognized a gain redburns 02/12/19 07:17:41 PM
#21724   "With this order, Optex’s current backlog stands at littlefish 02/12/19 05:03:44 PM
#21723   Optex Systems Holdings, Inc. Announces First Quarter 2019 subslover 02/12/19 09:41:22 AM
#21722   lol not irrelevant for some that we both fireopal 01/30/19 05:52:20 PM
#21721   Irrelevant, except for this from the link (thanks) Ecomike 01/30/19 05:39:09 PM
#21720   lol $2 is like 02 cents before r/s fireopal 01/30/19 05:23:59 PM
#21719   Impressive bounce/rally looks like it is targeting making Ecomike 01/30/19 02:13:16 PM
#21718   Well this answers, at least in part, who Ecomike 01/03/19 09:40:45 PM
#21717   What the hell just happened today? Shorted?, Ecomike 12/20/18 01:19:53 PM
#21716   Ya given the backlog numbers. But like last littlefish 12/20/18 12:20:57 PM
#21715   Hey down .24, is premise secure? swampboots 12/20/18 10:57:18 AM
#21714   Agreed on warrants. However, they deliver $1.5 per littlefish 12/09/18 11:46:27 PM
#21713   I’m fairly new to investing, in doing research Lee2512 12/09/18 05:29:54 PM
#21712   Interesting view from a bipartisan congressional panel- littlefish 11/15/18 12:09:56 AM
#21711   I think OPXS has the sole source contract, Ecomike 10/10/18 06:51:58 PM
#21710   Might help little suppliers like Optex (I think littlefish 10/04/18 09:49:19 PM
#21709   With another 20 days before the Q ending snakess 09/11/18 01:24:47 AM
#21708   7 Million in new contracts announced this quarter gilead23 09/10/18 08:57:44 AM
#21707   Thanks LF appreciate any info gilead23 09/07/18 03:13:06 PM
#21706   It's a public site. Took me awhile to littlefish 09/07/18 03:06:02 PM
#21705   Where did you see the contract award? Usaspending? gilead23 09/06/18 01:57:23 PM
#21704   Not certain but think OPXS just won a littlefish 09/06/18 10:17:07 AM
#21703   Sorry to hear about family health issues & fireopal 08/17/18 04:57:14 PM
#21702   You actually did get me in it. After gilead23 08/17/18 08:54:35 AM
#21701   since the end of the fiscal yr for snakess 08/17/18 12:41:18 AM
#21700   Ya was trying to bug some of you littlefish 08/16/18 08:18:22 PM
#21699   This was certainly a great call around a gilead23 08/16/18 07:07:35 PM
#21698   Have some unfortunate health stuff to deal with littlefish 08/16/18 06:58:09 PM
#21697   lol was wondering if you were still around fireopal 08/16/18 04:23:51 PM
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