Syntec Optics turns to net loss of $897,857 in Q1 FY26; net sales fall 8% to $6.51 million

• Syntec Optics Holdings posted a net loss of $897,857 for quarter ended March 31, 2026, swinging from net income of $323,665 a year earlier.
• Net sales fell 8% to $6.51 million, while gross profit dropped 58% to $960,792.
• Cost of goods sold rose to $5.55 million on higher material costs, particularly for aluminum, pushing gross margin down 18 percentage points to 15%.
• Subsequent to quarter-end, Syntec completed a public stock offering that generated about $21.5 million in net proceeds, then repaid its revolving line of credit balance to no outstanding amount.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Syntec Optics Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023833), on May 15, 2026, and is solely responsible for the information contained therein.