Syntec Optics, a leading provider of precision optics solutions for defense, communications, biomedical, and consumer end-markets, today announced preliminary expectations for its first quarter 2025 financial results, projecting a return to double-digit EBITDA. This positive outlook resulted from significant efforts by the new team focusing on operations efficiency and financial discipline. The company also continued to invest in new products for space optics, defense tech, biomedical optics, and consumer optics.
The company anticipates robust performance in Q1 2025, reflecting the successful execution of its strategic initiatives and the increasing demand for advanced optical solutions. Significant top-line efforts include:
- Space Optics Expansion: Continued progress in adding a supply of critical optics for ground-based networks, building on the prior success of satellite optics and its further expansion into newer needs.
- Viper Defense Night Vision: Meeting resolution requirements with lighter night vision optics systems.
- Biomedical Optics: Meeting cutting-edge requirements for biomedical scanning and imaging.
- Commercial Defense Aiming Systems: Sustained investing in assets and creating operational efficiency for high-accuracy aiming systems.
“It all starts with a great team. We have been focusing a lot of our efforts to create a culture of trust and team-based problem solving that has opened up capacity and is starting to drive efficiency improvements,” said Mike Ransford, new Site Leader of Syntec Optics and head of operations.
“The anticipated return to double-digit EBITDA financial performance, coupled with our strong top-line growth prospects, reflects our team’s hard work and dedication and the increasing value we deliver to our customers. We are confident in our ability to build on the significant opportunities ahead and drive sustained growth,” said Matt Carey, head of business development and product delivery.
“By the end of Q1, we are approaching Diamond Status for highest quality on our current night vision product lines. The new team, built to drive changes, achieved 500% reductions in quality returns this quarter. This remarkable improvement was accomplished by excellence in both, industrial engineering practices and management of our supply chain for very high precision products,” added the Program Manager for Night Vision and retired Master Sergeant Salinas, a former member of Army Special Operations Command and two-time recipient of the Purple Heart for combat actions during the Global War on Terrorism.
“We have made exceptional improvements to achieve a grade of ‘A’ for both quality and delivery on the supplier scorecard of one of our important customers. The score for delivery has improved about 10 percent month over month in Q1, driving several new large critical to mission space projects we are working together on,” said Joel Lawther, Senior Program Engineer.
The company will complete its financial close processes at the end of the first quarter of fiscal year 2025 to finalize GAAP financial results for the quarter.
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