Savvy Trades and Investments

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OPXS announced a $5.3M IDIQ contract late yesterday-

https://finance.yahoo.com/news/optex-systems-announces-5-3-200500122.html

Positive news, but I thought the more interesting thing was the backlog total. With this order, they said backlog is over $38M. Still extremely strong but down from the $41.6M mentioned in the earnings PR last month. I thought fiscal Q2 top & bottom lines were underwhelming, but they had a huge backlog and were looking for higher revenues in the back half of the fiscal year. Well if the backlog was $41.6M on 4/3/23...and now it's closer to $38M with the $5.3M order...doesn't that suggest revenues in the current quarter are pushing $9M?!? The would obviously be an excellent revenue quarter for them, and possibly big EPS to boot.

The stock has pulled back after popping to $3.80 earlier this month on decent volume and no news. I think it looks like a good one to accumulate in the low $3's ahead of reporting what could be a very large fiscal Q3 in August. Should make for an eye-popping comp too.

Link to the Q2 report-

https://finance.yahoo.com/news/optex-systems-holdings-inc-announces-200500567.html