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Syntec Optics Holdings, Inc. (NASDAQ:OPTX), a small-cap optics company with a market capitalization of $57 million, announced Thursday it received an additional delinquency notification letter from the Nasdaq Listing Qualifications staff on August 29. According to InvestingPro data, the company currently trades at $1.54 per share and maintains a weak overall financial health score. The letter states that Syntec Optics is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the company’s failure to file its Form 10-Q for the period ended June 30, 2025, as well as its continued delinquency in filing its Form 10-K for the year ended December 31, 2024, and its Form 10-Q for the period ended March 31, 2025.
Nasdaq had previously granted Syntec Optics an exception until August 20, 2025, to file its outstanding annual and quarterly reports. The company has now been granted an additional exception, allowing up to 180 calendar days from the due date of the initial delinquent filing, or until October 13, 2025, to regain compliance. Despite these challenges, InvestingPro data shows the stock has gained over 26% in the past six months, though it trades at a notably high P/E ratio of 918.
Syntec Optics stated it is submitting an updated plan to Nasdaq by Friday to address the filing requirement within the specified period. According to the company’s press release and SEC filing, an audit committee meeting was held Thursday, during which auditors presented the 10-K audit results and communication. The audit committee approved the filing of the 10-K. A further audit committee meeting is scheduled for September 11, 2025, to review audit results for the two outstanding 10-Qs.
The company is targeting the filing of its 10-K for the year ended December 31, 2024, and its 10-Qs for the quarters ended March 31 and June 30, 2025, together on September 15, 2025, to regain compliance with Nasdaq’s listing requirements.
This information is based on a statement included in Syntec Optics’ SEC filing and accompanying press release.
In other recent news, Syntec Optics Holdings, Inc. has secured new orders for its ultra-high-precision Low Earth Orbit (LEO) satellite optics, with plans to double weekly shipments for the remainder of 2025. The company will leverage its dedicated production cell to meet the increased demand for these specialized components. Additionally, Syntec Optics announced it has received initial orders to manufacture components for high-performance fuel actuators used in rocket engines for defense and space applications. These components are essential for controlling propellant flow, ensuring precise thrust management and trajectory control.
Furthermore, Syntec Optics manufactures critical optical components that enable advanced hyperspectral imaging technology, which is used in defense applications. This involves multiple manufacturing steps and nanotechnology applications to create precision optics for capturing light across hundreds of narrow spectral bands. In another development, the company appointed Louie Salinas as Assistant Director, Strategic Military Sales & Customer Development. Salinas will focus on leading sales for thermal weapon sights and military night vision scope optics, aiming to strengthen relationships with military customers and drive adoption within the U.S. Department of Defense and allied nations.
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