Syntec Optics Holdings, Inc.
OPTX Technology Electronic Components
In the quarter to June 2026, revenue grew 26.1%, EPS grew 165.0%, free cash flow fell 96.1% and total debt fell 11.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Syntec Optics Holdings, Inc. (OPTX) Altman Z-score
Syntec Optics Holdings, Inc.'s Altman Z-score for fiscal 2025 is 5.96, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.96 | 0.87 |
| FY2024 | 5.09 | (4.21) |
| FY2023 | 9.30 | (7.09) |
| FY2022 | 16.40 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.19 | |
| Retained earnings / total assets | 0.28 | — | 0.39 | |
| EBIT / total assets | (0.02) | — | −0.07 | |
| Market value of equity / total liabilities | 7.15 | — | 4.29 | |
| Sales / total assets | 1.16 | — | 1.16 | |
| Altman Z-score | Safe zone | 5.96 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.51 | ||
Z and Z″ put Syntec Optics Holdings, Inc. in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MPTI M-tron Industries, Inc. compare | 20.4× |
| LPTH LightPath Technologies, Inc. compare | 10.6× |
| KULR KULR Technology Group, Inc. compare | 7.2× |
| RELL Richardson Electronics, Ltd. compare | 6.5× |
| OPTX Syntec Optics Holdings, Inc. | 6.0× |
| DAKT Daktronics, Inc. compare | 5.1× |
| LYTS LSI Industries Inc. compare | 2.5× |
| KOPN Kopin Corporation compare | 2.1× |
| MEI Methode Electronics, Inc. compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets