Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.4
Segment Reporting (Tables)
 3 Months Ended
Dec. 28, 2025
Segment Reporting [Abstract]  
Schedule of Summary of Segment Performance

A summary of segment performance for the three months ended December 28, 2025 and December 29, 2024 is included in the table below:

 

                                 
    (Thousands)  
    Three months ended  
    December 28, 2025     December 29, 2024  
   

Optex

Richardson

    

Applied Optics Center

Dallas

   

Other

(non-allocated costs and eliminations)

     Consolidated    

Optex

Richardson

    

Applied Optics Center

Dallas

    

Other

(non-allocated costs and eliminations)

     Consolidated  
                                                 
Revenue from External Customers   $ 5,325       3,820       -       9,145     $ 3,415       4,783       -       8,198  
Intersegment Revenues     -       217       (217 )     -       -       271       (271 )     -  
Total Segment Revenue     5,325       4,037       (217 )     9,145       3,415       5,054       (271 )     8,198  
                                                                 
Total Cost of Sales     3,992       3,274       (217 )     7,049       3,088       3,253       (271 )     6,070  
                                                                 
Gross Profit     1,333       763       -       2,096       327       1,801       -       2,128  
Gross Margin %     25.0 %     18.9 %     -       22.9 %     9.6 %     35.6 %     -       26.0 %
                                                                 
General and Administrative Expense     1,355       380       212       1,947       940       180       92       1,212  
Segment Allocated G&A Expense     (415 )     415       -       -       (328 )     328       -       -  
Net General & Administrative Expense     940       795       212       1,947       612       508       92       1,212  
                                                                 
Operating Income (Loss)     393       (32 )     (212 )     149       (285 )     1,293       (92 )     916  
Operating Income (Loss) %     7.4 %     (0.8 )%     -       1.6 %     (8.3 )%     25.6 %     -       11.2 %
                                                                 

Interest Income (Expense)

     -       -       48       48       -       -       (13 )     (13 )
                                                                 
Income (Loss) before taxes   $ 393       (32 )     (164 )    

197

       (285 )     1,293       (105 )     903  
Income (Loss) before taxes %     7.4 %     (0.8 )%     -       2.2 %     (8.3 )%     25.6 %     -       11.0 %
Schedule of Segment Reporting Information

 The financial tables below present information on the reportable segments’ profit or loss for each period, as well as segment assets as of each period end. The Company does not allocate interest expense, income taxes or unusual items to segments.

 

   

Reportable Segment Financial Information

(thousands)

  
    As of and for the three months ended December 28, 2025  
   

Optex Systems

Richardson

    Applied Optics Center Dallas    

Other

(non-allocated costs and intersegment eliminations)

   

Consolidated

Total

 
                         
Revenues from external customers   $ 5,325     $ 3,820     $ -     $ 9,145  
Intersegment revenues     -       217       (217 )     -  
Total revenue   $ 5,325     $ 4,037     $ (217 )   $ 9,145  
                                 
Depreciation and amortization   $ 34     $ 56     $ -     $ 90  
                                 
Interest income   $ -       -     $ (48 )   $ (48 )
                                 
Income (loss) before taxes   $ 393     $ (32 )   $ (164 )   $ 197  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (415 )   $ 415     $ -     $ -  
Stock compensation expense   $ -     $ -     $ 212     $ 212  
Warranty expense   $ -     $ 6     $ -     $ 6  
                                 
Segment assets   $ 22,279     $ 7,932     $ -     $ 30,211  
Expenditures for segment assets   $ 24     $ 432     $ -     $ 456  

 

   

Reportable Segment Financial Information

(thousands)

  
    As of and for the three months ended December 29, 2024  
    Optex Systems Richardson     Applied Optics Center Dallas     Other (non-allocated costs and intersegment eliminations)     Consolidated Total  
                         
Revenues from external customers   $ 3,415     $ 4,783     $ -     $ 8,198  
Intersegment revenues     -       271       (271 )     -  
Total revenue   $ 3,415     $ 5,054     $ (271 )   $ 8,198  
                                 
Depreciation and amortization   $ 64     $ 65     $ -     $ 129  
                                 
Interest expense     -       -     $ 13     $ 13  
                                 
Income (loss) before taxes   $ (285 )   $ 1,293     $ (105 )   $ 903  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (328 )   $ 328     $ -     $ -  
Stock compensation expense   $ -     $ -     $ 92     $ 92  
Warranty expense   $ -     $ (30 )   $ -     $ (30 )
                                 
Segment assets   $ 16,881     $ 7,925     $ -     $ 24,806  
Expenditures for segment assets   $ 74     $ 245     $ -     $ 319