v3.25.4
Segment Reporting (Tables)
 3 Months Ended
Dec. 28, 2025
Segment Reporting [Abstract]  
Schedule of Summary of Segment Performance

A summary of segment performance for the three months ended December 28, 2025 and December 29, 2024 is included in the table below:

 

                         
   (Thousands) 
   Three months ended 
   December 28, 2025   December 29, 2024 
  

Optex

Richardson

  

Applied Optics Center

Dallas

  

Other

(non-allocated costs and eliminations)

   Consolidated  

Optex

Richardson

  

Applied Optics Center

Dallas

  

Other

(non-allocated costs and eliminations)

   Consolidated 
                                 
Revenue from External Customers  $5,325    3,820    -    9,145   $3,415    4,783    -    8,198 
Intersegment Revenues   -    217    (217)   -    -    271    (271)   - 
Total Segment Revenue   5,325    4,037    (217)   9,145    3,415    5,054    (271)   8,198 
                                         
Total Cost of Sales   3,992    3,274    (217)   7,049    3,088    3,253    (271)   6,070 
                                         
Gross Profit   1,333    763    -    2,096    327    1,801    -    2,128 
Gross Margin %   25.0%   18.9%   -    22.9%   9.6%   35.6%   -    26.0%
                                         
General and Administrative Expense   1,355    380    212    1,947    940    180    92    1,212 
Segment Allocated G&A Expense   (415)   415    -    -    (328)   328    -    - 
Net General & Administrative Expense   940    795    212    1,947    612    508    92    1,212 
                                         
Operating Income (Loss)   393    (32)   (212)   149    (285)   1,293    (92)   916 
Operating Income (Loss) %   7.4%   (0.8)%   -    1.6%   (8.3)%   25.6%   -    11.2%
                                         

Interest Income (Expense)

   -    -    48    48    -    -    (13)   (13)
                                         
Income (Loss) before taxes  $393    (32)   (164)   

197

    (285)   1,293    (105)   903 
Income (Loss) before taxes %   7.4%   (0.8)%   -    2.2%   (8.3)%   25.6%   -    11.0%
Schedule of Segment Reporting Information

 The financial tables below present information on the reportable segments’ profit or loss for each period, as well as segment assets as of each period end. The Company does not allocate interest expense, income taxes or unusual items to segments.

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the three months ended December 28, 2025 
  

Optex Systems

Richardson

   Applied Optics Center Dallas  

Other

(non-allocated costs and intersegment eliminations)

  

Consolidated

Total

 
                 
Revenues from external customers  $5,325   $3,820   $-   $9,145 
Intersegment revenues   -    217    (217)   - 
Total revenue  $5,325   $4,037   $(217)  $9,145 
                     
Depreciation and amortization  $34   $56   $-   $90 
                     
Interest income  $-    -   $(48)  $(48)
                     
Income (loss) before taxes  $393   $(32)  $(164)  $197 
                     
Other significant noncash items:                    
Allocated home office expense  $(415)  $415   $-   $- 
Stock compensation expense  $-   $-   $212   $212 
Warranty expense  $-   $6   $-   $6 
                     
Segment assets  $22,279   $7,932   $-   $30,211 
Expenditures for segment assets  $24   $432   $-   $456 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the three months ended December 29, 2024 
   Optex Systems Richardson   Applied Optics Center Dallas   Other (non-allocated costs and intersegment eliminations)   Consolidated Total 
                 
Revenues from external customers  $3,415   $4,783   $-   $8,198 
Intersegment revenues   -    271    (271)   - 
Total revenue  $3,415   $5,054   $(271)  $8,198 
                     
Depreciation and amortization  $64   $65   $-   $129 
                     
Interest expense   -    -   $13   $13 
                     
Income (loss) before taxes  $(285)  $1,293   $(105)  $903 
                     
Other significant noncash items:                    
Allocated home office expense  $(328)  $328   $-   $- 
Stock compensation expense  $-   $-   $92   $92 
Warranty expense  $-   $(30)  $-   $(30)
                     
Segment assets  $16,881   $7,925   $-   $24,806 
Expenditures for segment assets  $74   $245   $-   $319