Optex Systems reports Q2 revenue of $9.6M, missing estimates as EPS holds at $0.19 amid a 10.3% year-over-year decline.
Optex Systems Holdings posted a Q2 GAAP EPS of $0.19, matching expectations, but revenue of $9.6 million missed estimates by $3.1 million. The company saw a 10.3% year-over-year decline in revenue.
Adjusted EBITDA for the quarter was $2.0 million, down from $2.4 million in the same period last year. New orders increased 3.8% year over year, offering a slight positive offset to the revenue shortfall.
The results reflect ongoing challenges in revenue performance despite stable earnings per share.