Replies to post #17402 on Optex Systems Holdings Inc. (OPXS)

[Anjango]

Not all bad !

Backlog as of December 28, 2014, was $11.2 million as compared to a backlog of $10.4 million as of December 29, 2013, representing an increase of $0.8 million or 7.7%.


We added $3.4 million in backlog in the three months ending December 28, 2014. The acquisition of the Applied Optical Coatings Product Line on November 3, 2014 added $2.1 million to our open backlog.

During the three months ending December 38, 2014, Optex Systems Holdings received $2.6 million in new orders consisting of $1.8 million of new orders for Applied Optical Coatings, $0.7 million in plastic periscopes, and $0.1 million in miscellaneous spares orders.


We are anticipating increased orders over the next several quarters and have several large bid proposals pending. In the first six weeks of our second fiscal quarter beginning in January, we have already booked an addition $2.1 million in new orders, consisting of a $1.2 million commercial order for our newly acquired AOC product line and an additional $1 million in orders for our legacy periscopes.

[SPM555]

Revenue wise it's definitely lacking in luster, but really no surprise at this point (as the zero market reaction indicates). The government budget cuts have negatively affected the revs and that's still being reflected in this last Q, but that's also prompting their expansion into the commercial market and imo will be what turns this stock around.

The backlog as of Dec 28 2014 saw an increase over the backlog as of Dec 29 2013 and the acquisition of the AOC product line is already being put to good use.

We added $3.4 million in backlog in the three months ending December 28, 2014 . The acquisition of the Applied Optical Coatings Product Line on November 3, 2014 added $2.1 million to our open backlog. During the three months ending December 38, 2014, Optex Systems Holdings received $2.6 million in new orders consisting of $1.8 million of new orders for Applied Optical Coatings, $0.7 million in plastic periscopes, and $0.1 million in miscellaneous spares orders. We are anticipating increased orders over the next several quarters and have several large bid proposals pending. In the first six weeks of our second fiscal quarter beginning in January, we have already booked an addition $2.1 million in new orders, consisting of a $1.2 million commercial order for our newly acquired AOC product line and an additional $1 million in orders for our legacy periscopes.

After years of declining revs, stock price, and expectations, the stock has imo priced in all of the bad news and negative sentiment, but the company isn't dead and the insiders are all still holding their shares. The analogy of squeezing blood from a stone fits well here, and at this point the VAST majority of sellers are short sales, ie not actual people/groups holding and bailing but someone or some group borrowing and selling those shares (which means eventually they will be buyers).

The best opportunities arise in the market when (most) everyone has given up on a stock and expectations are as low as they can get, then something happens to exceed those expectations. Another Q with a decrease in revs has virtually no effect on the share price any more (who's left to sell down here other than shorts?) but you better believe that the first increase we see in one of these Qs is going to have a very positive effect. The bold and underlined part I pointed out in the box above is a very good sign I'd say and I'm saying that's an official 'light at the end of tunnel'.

So today's 10q wasn't the explosive good news/results we'd all like to see, though I don't think many people expected it to be, but I'm feeling as good now about my position as I ever have.