$OPXS
Optex Systems Holdings Inc

2024 Q3 Form 10-Q Financial Statement

#000149315224031607 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $9.060M
YoY Change 42.23%
Cost Of Revenue $6.179M
YoY Change 28.27%
Gross Profit $2.881M
YoY Change 85.51%
Gross Profit Margin 31.8%
Selling, General & Admin $1.266M
YoY Change 34.97%
% of Gross Profit 43.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $132.0K
YoY Change 55.29%
% of Gross Profit 4.58%
Operating Expenses $1.266M
YoY Change 34.97%
Operating Profit $1.615M
YoY Change 162.6%
Interest Expense $17.00K
YoY Change 112.5%
% of Operating Profit 1.05%
Other Income/Expense, Net
YoY Change
Pretax Income $1.598M
YoY Change 163.26%
Income Tax $337.0K
% Of Pretax Income 21.09%
Net Earnings $1.261M
YoY Change 163.26%
Net Earnings / Revenue 13.92%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share $0.18
COMMON SHARES
Basic Shares Outstanding 6.873M shares 6.853M shares
Diluted Shares Outstanding 6.888M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $486.0K
YoY Change -28.11%
Cash & Equivalents $1.000M $486.0K
Short-Term Investments
Other Short-Term Assets $316.0K
YoY Change -28.51%
Inventory $14.86M $15.12M
Prepaid Expenses $217.0K $316.0K
Receivables $3.764M $3.321M
Other Receivables $0.00
Total Short-Term Assets $20.07M $19.48M
YoY Change 23.65% 29.66%
LONG-TERM ASSETS
Property, Plant & Equipment $1.292M $1.192M
YoY Change 19.3% 25.74%
Goodwill
YoY Change
Intangibles $951.0K $969.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.154M $4.192M
YoY Change 13.87% 8.04%
Total Long-Term Assets $5.446M $5.384M
YoY Change 15.11% 11.52%
TOTAL ASSETS
Total Short-Term Assets $20.07M $19.48M
Total Long-Term Assets $5.446M $5.384M
Total Assets $25.52M $24.86M
YoY Change 21.72% 25.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.177M $1.709M
YoY Change -26.85% 30.66%
Accrued Expenses $1.258M $1.187M
YoY Change 29.82% 33.37%
Deferred Revenue $255.0K $320.0K
YoY Change 94.66% 144.27%
Short-Term Debt $1.000M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.950M $5.237M
YoY Change 22.68% 43.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.894M
YoY Change -25.08%
Total Long-Term Liabilities $1.760M $1.894M
YoY Change -51.29% -46.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.950M $5.237M
Total Long-Term Liabilities $1.760M $1.894M
Total Liabilities $6.710M $7.131M
YoY Change -12.26% -0.83%
SHAREHOLDERS EQUITY
Retained Earnings -$2.664M -$3.678M
YoY Change -66.12% -56.42%
Common Stock $21.47M $21.41M
YoY Change 1.38% 1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.81M $17.73M
YoY Change
Total Liabilities & Shareholders Equity $25.52M $24.86M
YoY Change 21.72% 25.25%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.261M
YoY Change 163.26%
Depreciation, Depletion And Amortization $132.0K
YoY Change 55.29%
Cash From Operating Activities $50.00K
YoY Change -103.31%
INVESTING ACTIVITIES
Capital Expenditures $306.0K
YoY Change 446.43%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$306.0K
YoY Change 446.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 421.0K
YoY Change -56.33%
NET CHANGE
Cash From Operating Activities 50.00K
Cash From Investing Activities -306.0K
Cash From Financing Activities 421.0K
Net Change In Cash 165.0K
YoY Change -127.32%
FREE CASH FLOW
Cash From Operating Activities $50.00K
Capital Expenditures $306.0K
Free Cash Flow -$256.0K
YoY Change -83.67%

Facts In Submission

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dei Entity Registrant Name
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243000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
320000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
481000 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
5237000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4077000 usd
CY2023Q4 OPXS Credit Facility Noncurrent
CreditFacilityNoncurrent
1000000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1894000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2282000 usd
CY2024Q2 us-gaap Liabilities
Liabilities
7131000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
21285000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
960000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Net Income Loss
NetIncomeLoss
2754000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-161000 usd
OPXS Increase Decrease In Accrued Loss Reserves
IncreaseDecreaseInAccruedLossReserves
-143000 usd
OPXS Increase Decrease In Accrued Loss Reserves
IncreaseDecreaseInAccruedLossReserves
-156000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
368000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
300000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
486000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
576000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
13316000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
14860000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
360000 usd
OPXS Stock Issued During Period Value Vested Restricted Stock Units Issued Net Of Tax Withholding
StockIssuedDuringPeriodValueVestedRestrictedStockUnitsIssuedNetOfTaxWithholding
-243000 usd
us-gaap Net Income Loss
NetIncomeLoss
2754000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
17731000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
12408000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
12408000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
134000 usd
OPXS Stock Issued During Period Value Vested Restricted Stock Units Issued Net Of Tax Withholding
StockIssuedDuringPeriodValueVestedRestrictedStockUnitsIssuedNetOfTaxWithholding
-58000 usd
us-gaap Net Income Loss
NetIncomeLoss
832000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
13316000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
13316000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
Shares vested 50% January 1, 2024 and will vest 50% January 1, 2025
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
Shares vested 50% January 1, 2024 and will vest 50% January 1, 2025
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.50 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.50 pure
CY2024Q2 us-gaap Area Of Land
AreaOfLand
93967 sqft
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
9302000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
8211000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
6164000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4460000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
659000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
489000 usd
CY2024Q2 us-gaap Inventory Gross
InventoryGross
16125000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
13160000 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1007000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1007000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
15118000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
12153000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_845_eus-gaap--ConcentrationRiskCreditRisk_zfX60HCkZsWi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zRDjqo51K8El">Concentration of Credit Risk</span>:</i></b> The Company’s accounts receivables as of June 30, 2024 consisted of U.S. government agencies (<span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--USGovernmentAgenciesMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zJYmJFy4U3Ne" title="Concentration risk percentage">14</span>%), five major U.S. defense contractors (<span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--MajorUSDefenseContractorOneMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zXimr1qNF2nh" title="Concentration risk percentage">22</span>%, <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--MajorUSDefenseContractorTwoMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zuoeY115mOIe" title="Concentration risk percentage">11</span>%, <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--MajorUSDefenseContractorThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvVavplQMpq3" title="Concentration risk percentage">11</span>%, <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--MajorUSDefenseContractorFourMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zgXqo1zWmQod" title="Concentration risk percentage">10</span>%, and <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--MajorUSDefenseContractorFiveMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zrDUZhaLCE48" title="Concentration risk percentage">6</span>%, respectively), one commercial customer (<span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--OneCommercialCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zRzoLXrzO8cc" title="Concentration risk percentage">12</span>%) and all other customers (<span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240630__srt--TitleOfIndividualAxis__custom--AllOtherCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zIN0uhrm2oBf" title="Concentration risk percentage">14</span>%). The Company does not believe that this concentration results in undue credit risk because of the financial strength of the customers and the Company’s long history with these customers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 OPXS Warranty Reserve
WarrantyReserve
36000 usd
CY2023Q4 OPXS Warranty Reserve
WarrantyReserve
75000 usd
CY2024Q1 OPXS Warranty Reserve
WarrantyReserve
69000 usd
CY2023Q2 OPXS Warranty Reserve
WarrantyReserve
266000 usd
CY2023Q4 OPXS Warranty Reserve
WarrantyReserve
75000 usd
CY2022Q4 OPXS Warranty Reserve
WarrantyReserve
169000 usd
CY2024Q2 OPXS Product Warranty Accrual Warranty Costs
ProductWarrantyAccrualWarrantyCosts
-15000 usd
CY2023Q3 OPXS Product Warranty Accrual Warranty Costs
ProductWarrantyAccrualWarrantyCosts
-82000 usd
OPXS Product Warranty Accrual Warranty Costs
ProductWarrantyAccrualWarrantyCosts
-52000 usd
OPXS Product Warranty Accrual Warranty Costs
ProductWarrantyAccrualWarrantyCosts
-99000 usd
CY2024Q2 OPXS Product Warranty Accrual Reserved For New Product Shipping
ProductWarrantyAccrualReservedForNewProductShipping
26000 usd
CY2023Q3 OPXS Product Warranty Accrual Reserved For New Product Shipping
ProductWarrantyAccrualReservedForNewProductShipping
57000 usd
OPXS Product Warranty Accrual Reserved For New Product Shipping
ProductWarrantyAccrualReservedForNewProductShipping
90000 usd
OPXS Product Warranty Accrual Reserved For New Product Shipping
ProductWarrantyAccrualReservedForNewProductShipping
177000 usd
CY2024Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-44000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-77000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-6000 usd
CY2024Q2 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-18000 usd
CY2023Q3 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
57000 usd
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
13000 usd
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
171000 usd
CY2024Q2 OPXS Warranty Reserve
WarrantyReserve
36000 usd
CY2023Q3 OPXS Warranty Reserve
WarrantyReserve
241000 usd
CY2024Q2 OPXS Warranty Reserve
WarrantyReserve
36000 usd
CY2023Q3 OPXS Warranty Reserve
WarrantyReserve
241000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zI6chqM74Sdc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_868_zSsHIxnEYuvg">Use of Estimates</span>: </i></b>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 OPXS Revenue From Customer Deposit Liabilities
RevenueFromCustomerDepositLiabilities
161000 usd
OPXS Revenue From Customer Deposit Liabilities
RevenueFromCustomerDepositLiabilities
161000 usd
CY2023Q3 OPXS Revenue From Customer Deposit Liabilities
RevenueFromCustomerDepositLiabilities
0 usd
OPXS Revenue From Customer Deposit Liabilities
RevenueFromCustomerDepositLiabilities
223000 usd
CY2024Q2 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
320000 usd
CY2023Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
481000 usd
CY2024Q2 OPXS Accrued Selling Expense Current
AccruedSellingExpenseCurrent
250000 usd
CY2023Q4 OPXS Accrued Selling Expense Current
AccruedSellingExpenseCurrent
336000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
237000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
336000 usd
CY2022Q4 OPXS Contract Value
ContractValue
3400000 usd
CY2024Q2 OPXS Contract Loss Reserves Current
ContractLossReservesCurrent
101000 usd
CY2023Q4 OPXS Contract Loss Reserves Current
ContractLossReservesCurrent
243000 usd
CY2024Q2 OPXS Change In Estimate On Contract Losses
ChangeInEstimateOnContractLosses
16000 usd
OPXS Change In Estimate On Contract Losses
ChangeInEstimateOnContractLosses
45000 usd
CY2024Q2 OPXS Amount Shipped Against Existing Loss Reserves
AmountShippedAgainstExistingLossReserves
34000 usd
OPXS Amount Shipped Against Existing Loss Reserves
AmountShippedAgainstExistingLossReserves
97000 usd
OPXS Decreased Related To Temporary Tax Adjustments
DecreasedRelatedToTemporaryTaxAdjustments
100000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9060000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
17000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
132000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1598000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
90000 usd
CY2024Q2 OPXS Warranty Expense
WarrantyExpense
-18000 usd
CY2024Q2 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
24862000 usd
CY2024Q2 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
306000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7172000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
22000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
730000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
81000 usd
CY2023Q3 OPXS Warranty Expense
WarrantyExpense
57000 usd
CY2023Q3 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
20964000 usd
CY2023Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
222000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24552000 usd
us-gaap Interest Expense
InterestExpense
32000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
341000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3491000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
360000 usd
OPXS Warranty Expense
WarrantyExpense
13000 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
24862000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
1503000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17582000 usd
us-gaap Interest Expense
InterestExpense
31000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
252000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1055000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
134000 usd
OPXS Warranty Expense
WarrantyExpense
171000 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
20964000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
368000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
162000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
656000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
662000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
679000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
572000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
83000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2814000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
286000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2528000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2362000 usd
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.050 pure
OPXS Lessee Operating Lease Effective Date
LesseeOperatingLeaseEffectiveDate
2021-01-11
CY2024Q2 us-gaap Deferred Rent Credit
DeferredRentCredit
166000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
634000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1894000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
40000 shares
CY2023Q2 OPXS Sharebased Compensation Arrangement By Sharebased Payment Award Options Amortized Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAmortizedGrantDateFairValue
320000 usd
CY2023Q2 OPXS Sharebased Compensation Arrangement By Sharebased Payment Award Options Amortized Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAmortizedGrantDateFairValue
124000 usd
OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Performance Period Start
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPerformancePeriodStart
2023-10-02
OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Performance Period End
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPerformancePeriodEnd
2028-10-01
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y5M1D
OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Time Steps In Simulation
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTimeStepsInSimulation
1,365
OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Time Steps Per Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTimeStepsPerYear
252
CY2024Q2 us-gaap Share Price
SharePrice
3.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.500 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0337 pure
OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Cost Of Equity
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsCostOfEquity
0.115 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
90000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
81000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
360000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
134000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
375000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
462000 usd
CY2024Q1 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
1000000 usd
CY2024Q1 us-gaap Long Term Purchase Commitment Milestones
LongTermPurchaseCommitmentMilestones
The acquisition included transaction costs of $30 thousand for legal fees. Pursuant to the asset purchase agreement, the total earnout payment would have been $238 thousand only if the earnout revenue milestones were achieved during the earnout period, otherwise the earnout would be zero
CY2024Q1 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
83000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1030000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
969000 usd
CY2024Q2 us-gaap Dividends
Dividends
0 usd
us-gaap Dividends
Dividends
0 usd
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6873234 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6763070 shares

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