Optex Systems Holdings, Inc. (OPXS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Optex Systems Holdings Inc. 3Q earnings call. At this time, all participants have been placed on a listen-only mode. The floor will be open for your questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Danny Schoening, Chairman and CEO at Optex Systems. Danny, the floor is yours. Thank you, Paul. Hello, my name is Danny Schoening and I'm the Chairman and CEO of Optex Systems. I'd like to begin by introducing Karen Hawkins, our CFO, who will walk you through the financials. And then I'll come back to talk a little bit more about the business. Karen? Thank you, Danny. Hi, this is Karen Hawkins. And before we begin, I would first like to briefly discuss the use of forward-looking statements during this call. Statements made during today's call and our responses during Q&A may include forward-looking statements. And these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from the statements made. Factors that could cause actual results to differ are described in our annual filings with the SEC, including the risk factors section of our annual report on Form 10-K filed with the SEC. Now that the legalese is out of the way, we'll move on to discuss the financial information. On our balance sheet, we ended June 29, 2025 with a strong cash balance of $4.9 million, up from $1.0 million as of the year ended September 29, 2024. Our accounts receivable increased $0.4 million to $4.1 million from $3.8 million as of September year end on higher revenue. Accounts payable increased $0.6 million to $1.8 million from $1.2 million as of September year end on material purchases in support of increased revenue. Our accru...