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Syntec Optics Holdings, Inc. (NASDAQ:OPTX) announced Friday that it has regained compliance with Nasdaq listing requirements following the timely filing of its periodic reports. According to a statement based on a recent SEC filing, the company had previously received notifications from the Nasdaq Stock Market LLC on April 16, May 28, and August 29 indicating that it had not met the periodic filing requirements. The stock has shown strong momentum recently, with InvestingPro data showing a 23% return over the past week and an impressive 88% gain over the last six months.
The company submitted its outstanding Form 10-K annual report and Form 10-Q quarterly reports on October 6. Following these filings, Nasdaq staff determined that Syntec Optics is now in compliance with its obligations, and the matter has been closed. InvestingPro analysis reveals that OPTX typically moves counter to market trends with a beta of -1.17, making it an interesting consideration for portfolio diversification.
Syntec Optics’ common stock and redeemable warrants continue to trade on the Nasdaq Capital Market under the symbols OPTX and OPTXW, respectively. The company is incorporated in Delaware and maintains its principal executive offices in Rochester, New York.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Syntec Optics Holdings, Inc. reported improved profitability for the first half of 2025. The company’s adjusted EBITDA as a percentage of revenue rose to 15.3%, up from 5.8% in the same period last year. Syntec Optics posted net sales of $13.6 million for the six months ending June 30, 2025, showing a slight increase from $13.3 million in the comparable period of 2024. The company achieved a breakeven net income, marking a $0.9 million improvement over the $927,300 loss reported in the first half of 2024. Additionally, during its Q2 2025 earnings call, Syntec Optics emphasized its strategic focus on innovation and operational improvements. Although specific financial results were not disclosed during the call, the company is prioritizing the completion of its financial reports. The recent developments reflect Syntec Optics’ commitment to enhancing its financial performance and strategic initiatives.
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