2024 Q4 Form 10-K Financial Statement

#000149315224050771 Filed on December 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $34.00M
YoY Change 32.49%
Cost Of Revenue $24.47M
YoY Change 28.5%
Gross Profit $9.529M
YoY Change 43.96%
Gross Profit Margin 28.03%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $487.0K
YoY Change 41.16%
% of Gross Profit 5.11%
Operating Expenses
YoY Change
Operating Profit $4.821M
YoY Change 72.98%
Interest Expense $47.00K
YoY Change -14.55%
% of Operating Profit 0.97%
Other Income/Expense, Net
YoY Change
Pretax Income $4.774M
YoY Change 74.74%
Income Tax $1.006M
% Of Pretax Income 21.07%
Net Earnings $3.768M
YoY Change 66.5%
Net Earnings / Revenue 11.08%
Basic Earnings Per Share $0.56
Diluted Earnings Per Share $0.55
COMMON SHARES
Basic Shares Outstanding 6.897M shares 6.873M shares 6.762M shares
Diluted Shares Outstanding 6.833M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.000M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $14.86M
Prepaid Expenses $217.0K
Receivables $3.764M
Other Receivables
Total Short-Term Assets $20.07M
YoY Change 23.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.292M
YoY Change 19.3%
Goodwill
YoY Change
Intangibles $951.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.154M
YoY Change 13.87%
Total Long-Term Assets $5.446M
YoY Change 15.11%
TOTAL ASSETS
Total Short-Term Assets $20.07M
Total Long-Term Assets $5.446M
Total Assets $25.52M
YoY Change 21.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.177M
YoY Change -26.85%
Accrued Expenses $1.258M
YoY Change 29.82%
Deferred Revenue $255.0K
YoY Change 94.66%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.950M
YoY Change 22.68%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.760M
YoY Change -51.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.950M
Total Long-Term Liabilities $1.760M
Total Liabilities $6.710M
YoY Change -12.26%
SHAREHOLDERS EQUITY
Retained Earnings -$2.664M
YoY Change -66.12%
Common Stock $21.47M
YoY Change 1.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.81M
YoY Change
Total Liabilities & Shareholders Equity $25.52M
YoY Change 21.72%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $3.768M
YoY Change 66.5%
Depreciation, Depletion And Amortization $487.0K
YoY Change 41.16%
Cash From Operating Activities $1.781M
YoY Change -701.69%
INVESTING ACTIVITIES
Capital Expenditures $681.0K
YoY Change 81.12%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.731M
YoY Change 360.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$245.0K
YoY Change -126.01%
NET CHANGE
Cash From Operating Activities $1.781M
Cash From Investing Activities -$1.731M
Cash From Financing Activities -$245.0K
Net Change In Cash -$195.0K
YoY Change -172.22%
FREE CASH FLOW
Cash From Operating Activities $1.781M
Capital Expenditures $681.0K
Free Cash Flow $1.100M
YoY Change -263.69%

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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1009000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1204000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1204000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
534000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
47000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
55000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
12408000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
247000 usd
CY2023 OPXS Stock Issued During Period Value Vested Restricted Stock Units Issued Net Of Tax Withholding
StockIssuedDuringPeriodValueVestedRestrictedStockUnitsIssuedNetOfTaxWithholding
-58000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2263000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
14860000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
14860000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
425000 usd
CY2024 OPXS Stock Issued During Period Value Vested Restricted Stock Units Issued Net Of Tax Withholding
StockIssuedDuringPeriodValueVestedRestrictedStockUnitsIssuedNetOfTaxWithholding
-245000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
3768000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
18808000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
18808000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
Shares vest on 50% January 1, 2024 and 50% January 1, 2025
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.50 pure
CY2024Q3 us-gaap Area Of Land
AreaOfLand
93967 sqft
CY2024 OPXS Number Of Employees
NumberOfEmployees
128 integer
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_z9051LxWUCEb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_861_zZkoxoy9hCL5">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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_847_eus-gaap--FiscalPeriod_zSW46pwxSwqa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zb0cW15mhRuk">Fiscal Year</span>: </i></b>Optex System Holdings’ fiscal year ends on the Sunday nearest September 30. Fiscal year 2024 ended on September 29, 2024 and included 52 weeks. Fiscal year 2023 ended on October 1, 2023 and included 52 weeks.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1000000.0 usd
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zqwBi9PGrCt4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_863_zKL76H8SnzN9">Concentration of Credit Risk</span>:</i></b> The Company’s revenues for fiscal year ended September 29, 2024 were derived from sales to U.S. government agencies (<span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--USGovernmentAgenciesMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zmbwX8ntsXhl" title="Concentration risk percentage">20</span>%), four major U.S. defense contractors (<span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorOneMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zQ0HnNHikPel" title="Concentration risk percentage">25</span>%, <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorTwoMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zHjbKQcTM5D2" title="Concentration risk percentage">7</span>%, <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorThreeMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zayiv1gKMBVf" title="Concentration risk percentage">6</span>% and <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorFourMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zU1SdhwpjHoc" title="Concentration risk percentage">6</span>%), one major commercial customer (<span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--OneMajorCommercialCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zyliO0yXCM2" title="Concentration risk percentage">13</span>%) and all other customers (<span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20231002__20240929__srt--MajorCustomersAxis__custom--AllOtherCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zmbYL1WqAQO" title="Concentration risk percentage">23</span>%). The Company’s revenues for fiscal year ended October 1, 2023 were derived from sales to U.S. government agencies (<span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20221003__20231001__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--USGovernmentAgenciesMember_zA4tDCBjUaAe" title="Concentration risk percentage">22</span>%), three U.S. defense contractors (<span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20221003__20231001__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorOneMember_zPVEUsbVcnS7" title="Concentration risk percentage">14</span>%, <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20221003__20231001__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorTwoMember_z5cEVA3CbFY8" title="Concentration risk percentage">7</span>%, and <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20221003__20231001__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--MajorUSDefenseContractorThreeMember_zyG8vbPyboB5" title="Concentration risk percentage">6</span>%), one major commercial customer (<span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20221003__20231001__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneMajorCommercialCustomerMember_znOSqX1FHmq6" title="Concentration risk percentage">23</span>%) and all other customers (<span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20221003__20231001__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--AllOtherCustomersMember_zslbDfaL4lDi" title="Concentration risk percentage">28</span>%). Optex Systems Holdings does not believe that this concentration results in undue credit risk because of the financial strength of the obligees.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5000 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
9460000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
8211000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
5954000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4460000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
556000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
489000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
15970000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
13160000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1107000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1007000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
14863000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
12153000 usd
CY2024Q3 us-gaap Inventory Adjustments
InventoryAdjustments
100000 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2700000 usd
CY2024Q3 OPXS Warranty Reserve
WarrantyReserve
52000 usd
CY2023Q4 OPXS Warranty Reserve
WarrantyReserve
75000 usd
CY2023Q4 OPXS Warranty Reserve
WarrantyReserve
75000 usd
CY2022Q4 OPXS Warranty Reserve
WarrantyReserve
169000 usd
CY2024 OPXS Product Warranty Accrual Warranty Costs
ProductWarrantyAccrualWarrantyCosts
-52000 usd
CY2023 OPXS Product Warranty Accrual Warranty Costs
ProductWarrantyAccrualWarrantyCosts
-133000 usd
CY2024 OPXS Product Warranty Accrual Reserved For New Product Shipping
ProductWarrantyAccrualReservedForNewProductShipping
106000 usd
CY2023 OPXS Product Warranty Accrual Reserved For New Product Shipping
ProductWarrantyAccrualReservedForNewProductShipping
223000 usd
CY2024 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-77000 usd
CY2023 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-184000 usd
CY2024 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
29000 usd
CY2023 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
39000 usd
CY2024Q3 OPXS Warranty Reserve
WarrantyReserve
52000 usd
CY2023Q4 OPXS Warranty Reserve
WarrantyReserve
75000 usd
CY2024Q3 us-gaap Deferred Revenue
DeferredRevenue
226000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
242000 usd
CY2024Q3 OPXS Accrued Selling Expense Current
AccruedSellingExpenseCurrent
237000 usd
CY2023Q4 OPXS Accrued Selling Expense Current
AccruedSellingExpenseCurrent
336000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
219000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
336000 usd
CY2022Q4 OPXS Contract Value
ContractValue
3400000 usd
CY2024Q3 OPXS Customer Advance Deposits
CustomerAdvanceDeposits
255000 usd
CY2023Q4 OPXS Customer Advance Deposits
CustomerAdvanceDeposits
481000 usd
CY2024Q3 OPXS Contract Loss Reserves Current
ContractLossReservesCurrent
259000 usd
CY2023Q4 OPXS Contract Loss Reserves Current
ContractLossReservesCurrent
243000 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33995000 usd
CY2024 us-gaap Interest Expense
InterestExpense
47000 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
487000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4774000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
425000 usd
CY2024 OPXS Warranty Expense
WarrantyExpense
29000 usd
CY2024 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
25518000 usd
CY2024 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
1731000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25659000 usd
CY2023 us-gaap Interest Expense
InterestExpense
55000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
345000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2732000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
247000 usd
CY2023 OPXS Warranty Expense
WarrantyExpense
39000 usd
CY2023 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
22219000 usd
CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
376000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4752000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4365000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1292000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
998000 usd
CY2024 us-gaap Depreciation
Depreciation
387000 usd
CY2023 us-gaap Depreciation
Depreciation
345000 usd
CY2023 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 usd
CY2024 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 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
CY2024Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
20000 usd
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q3 OPXS Finite Lived Intangible Assets Intellectual Property Acquisition
FiniteLivedIntangibleAssetsIntellectualPropertyAcquisition
1030000 usd
CY2024Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
20000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
99000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
951000 usd
CY2024Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
439000 usd
CY2023Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
403000 usd
CY2024Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
122000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
108000 usd
CY2024Q3 OPXS Accrued Operating Expenses
AccruedOperatingExpenses
398000 usd
CY2023Q4 OPXS Accrued Operating Expenses
AccruedOperatingExpenses
484000 usd
CY2024Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
299000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
270000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1258000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1265000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
656000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
662000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
679000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
572000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
83000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2652000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
254000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2398000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2233000 usd
CY2024Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.050 pure
CY2024 OPXS Lessee Operating Lease Effective Date
LesseeOperatingLeaseEffectiveDate
2021-01-11
CY2024Q3 us-gaap Deferred Rent Credit
DeferredRentCredit
165000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
638000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1760000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
40000 shares
CY2023Q2 OPXS Sharebased Compensation Arrangement By Sharebased Payment Award Options Amortized Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAmortizedGrantDateFairValue
124000 usd
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
CY2024 OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Performance Period Start
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPerformancePeriodStart
2023-10-02
CY2024 OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Performance Period End
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPerformancePeriodEnd
2028-10-01
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y5M1D
CY2024 OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Time Steps In Simulation
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTimeStepsInSimulation
1,365
CY2024 OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Time Steps Per Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTimeStepsPerYear
252
CY2024Q3 us-gaap Share Price
SharePrice
3.04
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.500 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0337 pure
CY2024 OPXS Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Cost Of Equity
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsCostOfEquity
0.115 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
425000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
247000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
317000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
473000 usd
CY2023 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
the Company offered a qualified automatic contribution arrangement (QACA) with a 100% match of the first 1% and 50% matching of the next 5% and a 2-year vesting requirement.
CY2024 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
the Company offered a qualified automatic contribution arrangement (QACA) with a 100% match of the first 1% and 50% matching of the next 5% and a 2-year vesting requirement.
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
202000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
163000 usd
CY2024 us-gaap Dividends
Dividends
0 usd
CY2023 us-gaap Dividends
Dividends
0 usd
CY2024 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
110868 shares
CY2024 OPXS Income Taxes Withheld
IncomeTaxesWithheld
245000 usd
CY2024 OPXS Settlement Of Restricted Stock Units Under Vested Shares
SettlementOfRestrictedStockUnitsUnderVestedShares
13000 shares
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
46432 shares
CY2023 OPXS Income Taxes Withheld
IncomeTaxesWithheld
58000 usd
CY2023 OPXS Settlement Of Restricted Stock Units Under Vested Shares
SettlementOfRestrictedStockUnitsUnderVestedShares
66000 shares
CY2023 OPXS Stock Issued During Period Un Vested Restricted Shares Cancelled
StockIssuedDuringPeriodUnVestedRestrictedSharesCancelled
40000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
40000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6873938 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6763070 shares
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1045000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
484000 usd
CY2024 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-14000 usd
CY2023 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-35000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1031000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
449000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-25000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1006000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
469000 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1003000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
574000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3000 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
14000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-4000 usd
CY2024 OPXS Prior Year Federal Income Tax Adjustment
PriorYearFederalIncomeTaxAdjustment
14000 usd
CY2023 OPXS Prior Year Federal Income Tax Adjustment
PriorYearFederalIncomeTaxAdjustment
35000 usd
CY2023 OPXS Prior Year Federal Income Tax Adjustment Percentage
PriorYearFederalIncomeTaxAdjustmentPercentage
-0.01 pure
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
69000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.03 pure
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1006000 usd
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
469000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17 pure
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
177000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
151000 usd
CY2024Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
232000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
211000 usd
CY2024Q3 OPXS Deferred Tax Assets Unicap
DeferredTaxAssetsUnicap
59000 usd
CY2023Q4 OPXS Deferred Tax Assets Unicap
DeferredTaxAssetsUnicap
47000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
56000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
53000 usd
CY2024Q3 OPXS Deferred Tax Assets Property Plant And Equipments
DeferredTaxAssetsPropertyPlantAndEquipments
-233000 usd
CY2023Q4 OPXS Deferred Tax Assets Property Plant And Equipments
DeferredTaxAssetsPropertyPlantAndEquipments
-212000 usd
CY2024Q3 OPXS Deferred Tax Assets Intangible Asset Amortization
DeferredTaxAssetsIntangibleAssetAmortization
10000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
54000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
51000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
92000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
85000 usd
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1223000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1258000 usd
CY2024Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
50000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
52000 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1720000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1696000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
773000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
774000 usd
CY2024Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
947000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
922000 usd
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5800000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
6000000.0 usd
CY2023Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
2100000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
400000 usd
CY2024Q3 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
800000 usd
CY2023Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
800000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1200000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
500000 usd
CY2024Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
74000 usd
CY2024 ecd Trd Arr Adoption Date
TrdArrAdoptionDate
September 24, 2024
CY2024 ecd Trd Arr Ind Title
TrdArrIndTitle
Chief Executive Officer
CY2024 ecd Trd Arr Ind Name
TrdArrIndName
Danny Schoening
CY2024 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2024 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
42000 shares
CY2024 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024 ecd Trd Arr Expiration Date
TrdArrExpirationDate
March 31, 2025
CY2024 dei Auditor Firm
AuditorFirmId
726

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