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ROCHESTER, NY - Syntec Optics Holdings, Inc. (NASDAQ:OPTX), an $84 million market cap company whose stock has surged nearly 84% over the past six months according to InvestingPro, has manufactured over 17,000 satellite optics to support the deployment of low-Earth-orbit (LEO) satellites, the company announced Monday.
The optics enable satellites to create laser mesh networks that route data traffic in space rather than on the ground, providing faster and more reliable data transmission. These components are critical for the expanding constellation of LEO satellites being launched for global communications.
"Backwards integration into making blanks for final optics is critical to achieve super high tolerances of about one 3000th the size of human hair," said Joel Lawther, Program Engineer at Syntec Optics, in the press release.
The company is leveraging its experience in manufacturing high-tolerance optics to contribute to satellite networks that serve various critical needs, including communications during natural disasters, military operations, telehealth, and education.
Industry analysts project significant growth in the satellite market. According to data cited in the company’s statement, Goldman Sachs estimates the satellite market could expand from $15 billion to $108 billion by 2035, while Morgan Stanley forecasts the global space economy will reach $1 trillion by 2040. Syntec Optics generated $28.82 million in revenue over the last twelve months, though InvestingPro data shows the company is not yet profitable, with a negative earnings per share of $0.04.
Syntec Optics, headquartered in Rochester, NY, describes itself as one of the largest custom optics and photonics manufacturers in the United States. The company has been operating for over two decades and has expanded its product lines to include optics for LEO satellites, lightweight night vision goggles, biomedical applications, and data centers supporting artificial intelligence.
The announcement comes as the satellite industry continues its shift from radar-based signals to laser-based communications to improve latency in data transmission. Trading at a high EBITDA multiple of 52.4x, InvestingPro analysis indicates the stock is currently overvalued. Subscribers can access the comprehensive Pro Research Report, which provides detailed insights into Syntec Optics’ valuation, financial health, and growth prospects, along with 7 additional ProTips for informed investment decisions.
In other recent news, Syntec Optics Holdings, Inc. reported improved profitability for the first half of 2025. The company saw its adjusted EBITDA as a percentage of revenue rise to 15.3%, up from 5.8% in the same period last year. Net sales reached $13.6 million, a slight increase from $13.3 million in the first half of 2024. Syntec Optics also achieved a breakeven net income position, marking a $0.9 million improvement over the previous year’s $927,300 loss. Additionally, the company regained compliance with Nasdaq listing requirements after submitting its outstanding Form 10-K annual report and Form 10-Q quarterly reports. This compliance followed notifications from Nasdaq earlier in the year regarding unmet periodic filing requirements. During its Q2 2025 earnings call, Syntec Optics highlighted its focus on innovation and operational improvements, although specific financial results were not disclosed. The company’s strategic direction appears to be generating optimism among investors.
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