Syntec Optics Holdings, Inc. filed its Form 10-Q for the quarter ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 10, 2026, reporting quarterly net income of $256,237 alongside a year-to-date net loss of $641,620.

Key Highlights

  • Q2 net sales of $8,273,858: Net sales for the three months ended June 30, 2026 increased from $6,559,455 in the same period of 2025, according to the filing.
  • Q2 net income of $256,237: The company reported net income of $256,237 for the second quarter of 2026, compared to a net loss of $343,921 in Q2 2025.
  • Six-month net loss of $641,620: For the six months ended June 30, 2026, the company reported a net loss of $641,620, versus a net loss of $20,256 in the same period of 2025.
  • Common stock issuance raised $21,425,932: The company issued 3,285,713 shares during the second quarter, generating proceeds of $21,425,932, per the filing.
  • Cash position rose to $14,047,104: Cash as of June 30, 2026 was $14,047,104, up from $358,867 as of December 31, 2025.
  • Line of credit fully repaid: The line of credit balance was $0 as of June 30, 2026, compared to $6,763,863 as of December 31, 2025.
  • Total stockholders' equity of $30,475,179: Stockholders' equity increased from $9,540,855 at December 31, 2025 to $30,475,179 at June 30, 2026.

Syntec Optics Q2 2026: Revenue Growth, Stock Issuance, and Balance Sheet Changes

According to the filing, Syntec Optics Holdings, Inc. (NASDAQ: OPTX) reported net sales of $8,273,858 for the three months ended June 30, 2026, up from $6,559,455 in the prior-year quarter. Gross profit for the second quarter was $2,143,064, compared to $1,597,966 in Q2 2025. General and administrative expenses were $1,821,676 for the quarter versus $1,744,216 in the same period a year earlier. The company reported income from operations of $321,388 for Q2 2026, compared to a loss from operations of $146,250 in Q2 2025.

For the six months ended June 30, 2026, the company reported net sales of $14,787,224 compared to $13,628,497 in the first half of 2025. The six-month gross profit was $3,103,856, down from $3,906,584 in the comparable prior-year period, as cost of goods sold rose to $11,683,368 from $9,721,913. The filing reported a six-month loss from operations of $454,659, compared to income from operations of $382,202 in the first half of 2025. Basic and diluted net loss per common share for the six-month period was $(0.02), based on a weighted average share count of 38,078,711.

The company's balance sheet reflected material changes during the period. Total assets grew to $38,838,452 at June 30, 2026 from $24,314,108 at December 31, 2025, driven primarily by the increase in cash. The filing shows this cash increase was largely attributable to proceeds from the issuance of 3,285,713 shares of Class A common stock totaling $21,425,932 in the second quarter, which also funded the repayment of the line of credit. As of June 30, 2026, there were 40,279,878 shares of Class A common stock, par value $0.0001, issued and outstanding. The company is classified as a non-accelerated filer, smaller reporting company, and emerging growth company.

What Was Disclosed

Syntec Optics filed its quarterly report covering the period ended June 30, 2026, disclosing second-quarter net income of $256,237, a year-to-date net loss of $641,620, a significant equity offering that raised approximately $21.4 million, and full repayment of its line of credit.