Revenue: As of FY2024 Q2, the actual value is USD 7.006 M.EPS: As of FY2024 Q2, the actual value is USD 0.01.EBIT: As of FY2024 Q2, the actual value is USD 310.93 K.<h3>Segment Revenue</h3><ul><li>Products: Revenue for the three months ended June 30, 2024, was $6,947,620, compared to $5,795,534 for the same period in 2023. For the six months ended June 30, 2024, revenue was $13,198,323, compared to $12,272,586 in 2023.</li><li>Custom Tooling: Revenue for the three months ended June 30, 2024, was $15,443, compared to $776,681 for the same period in 2023. For the six months ended June 30, 2024, revenue was $19,648, compared to $1,114,061 in 2023.</li><li>Non-Recurring Engineering: Revenue for the three months ended June 30, 2024, was $42,937, compared to $1,120,081 for the same period in 2023. For the six months ended June 30, 2024, revenue was $43,937, compared to $1,190,085 in 2023.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income (Loss): For the three months ended June 30, 2024, net income was $281,843, compared to $567,765 for the same period in 2023. For the six months ended June 30, 2024, net loss was - $927,300, compared to net income of $620,787 in 2023.</li><li>Gross Profit: For the three months ended June 30, 2024, gross profit was $2,174,327, compared to $2,376,634 for the same period in 2023. For the six months ended June 30, 2024, gross profit was $2,881,770, compared to $4,088,336 in 2023.</li><li>Operating Income (Loss): For the three months ended June 30, 2024, income from operations was $158,544, compared to $767,364 for the same period in 2023. For the six months ended June 30, 2024, loss from operations was - $1,248,556, compared to income of $961,104 in 2023.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities was - $1,983,883 for the six months ended June 30, 2024, compared to net cash provided by operating activities of $587,648 for the same period in 2023.</li><li>Investing Cash Flow: Net cash provided by investing activities was $54,233 for the six months ended June 30, 2024, compared to net cash used in investing activities of - $828,299 for the same period in 2023.</li><li>Financing Cash Flow: Net cash provided by financing activities was $601,884 for the six months ended June 30, 2024, compared to net cash used in financing activities of - $224,353 for the same period in 2023.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Syntec Optics plans to further add bolt-on acquisitions for inorganic growth in the fragmented photonics industry by expanding its portfolio of existing, U.S.-based, advanced manufacturing processes. The company aims to grow into new end markets of communications and sensing.</li><li>Non-Core Business: Syntec Optics is currently engaged as a supplier for a U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) funded research and development project for the sensing end market.</li></ul>

SYNTEC OPTICS HLDGS INC C/WTS (TO PUR COM) | 10-Q: FY2024 Q2 Revenue: USD 7.006 M