v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Mar. 29, 2026
Segment Reporting [Abstract]  
Schedule of Summary of Segment Performance

A summary of segment performance for the three months and six months ended March 29, 2026 and March 30, 2025 is included in the tables below:

 

                         
  

Results of Operations Selective Financial Information

(Thousands)

 
   Three months ended 
   March 29, 2026   March 30, 2025 
  

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  $6,245   $3,382   $ -   $9,627   $6,319   $4,411   $-   $10,730 
Intersegment Revenue   -    369    (369)   -    -    322    (322)   - 
Total Segment Revenue   6,245    3,751    (369)   9,627    6,319    4,733    (322)   10,730 
                                         
Total Cost of Sales   4,291    2,313    (369)    6,235    4,667    3,024    (322)   7,369 
                                         
Gross Profit   1,954    1,438    -    3,392    1,652    1,709    -    3,361 
Gross Margin %   31.3%   38.3%   -    35.2%   26.1%   36.1%   -    31.3%
                                         
General and Administrative Expense   1,114    354    260    1,728    869    183    72    1,124 
Segment Allocated G&A Expense   (424)   424    -    -    (328)   328    -    - 
Net General & Administrative Expense   690    778    260    1,728    541    511    72    1,124 
                                         
Operating Income (Loss)   1,264    660    (260)   1,664    1,111    1,198    (72)   2,237 
Operating Income (Loss) %   20.2%   17.6%   -    17.3%   17.6%   25.3%   -    20.8%
                                         
Interest Income (Expense)   -    -    35    35    -    -    1    1 
                                         
Income (Loss) before taxes  $1,264    660    (225)   1,699    1,111    1,198    (71)   2,238 
Income (Loss) before taxes %   20.2%   17.6%   -    17.6%   17.6%   25.3%   -    20.9%

 

 

                         
  

Results of Operations Selective Financial Information

(Thousands)

 
   Six months ended 
   March 29, 2026   March 30, 2025 
  

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  $11,570   $7,202   $            -   $18,772   $9,734   $9,194   $            -   $18,928 
Intersegment Revenue   -    586    (586)   -    -    593    (593)   - 
Total Segment Revenue   11,570    7,788    (586)   18,772    9,734    9,787    (593)   18,928 
                                         
Total Cost of Sales   8,282    5,588    (586)   13,284    7,755    6,277    (593)   13,439 
                                         
Gross Profit   3,288    2,200    -    5,488    1,979    3,510    -    5,489 
Gross Margin %   28.4%   28.2%   -    29.2%   20.3%   35.9%   -    29.0%
                                         
General and Administrative Expense   2,470    733    472    3,675    1,808    364    164    2,336 
Segment Allocated G&A Expense   (839)   839    -    -    (655)   655    -    - 
Net General & Administrative Expense   1,631    1,572    472    3,675    1,153    1,019    164    2,336 
                                         
Operating Income (Loss)   1,657    628    (472)   1,813    826    2,491    (164)   3,153 
Operating Income (Loss) %   14.3%   8.1%   -    9.7%   8.5%   25.5%   -    16.7%
                                         
Interest Income (Expense)   -    -    83    83    -    -    (12)   (12)
                                         
Income (Loss) before taxes  $1,657    628    (389)   1,896    826    2,491    (176)   3,141 
Income (Loss) before taxes %   14.3%   8.1%   -    10.1%   8.5%   25.5%   -    16.6%
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. A summary of segment performance for the three and six months ended March 29, 2026 and March 30, 2025 is included in the tables below:

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the three months ended March 29, 2026 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

   Consolidated
Total		 
                 
Revenue from external customers  $6,245   $3,382   $             -   $9,627 
Intersegment revenue   -    369    (369)   - 
Total revenue  $6,245   $3,751   $(369)  $9,627 
                     
Interest income  $-   $-   $35   $35 
                     
Depreciation and amortization  $34   $63   $-   $97 
                     
Income before taxes  $1,264   $660   $(225)  $1,699 
                     
Other significant noncash items:                    
Allocated home office expense  $(424)  $424   $-   $- 
Stock compensation expense  $-   $-   $260   $260 
Warranty expense  $-   $(143)  $-   $(143)
                     
Segment assets  $22,484   $8,376   $-   $30,860 
Expenditures for segment assets  $294   $99   $-   $393 

 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the three months ended March 30, 2025 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

   Consolidated
Total		 
                 
Revenue from external customers  $6,319   $4,411   $                 -   $10,730 
Intersegment revenue   -    322    (322)   - 
Total revenue  $6,319   $4,733   $(322)  $10,730 
                     
Interest income  $-   $-   $1   $1 
                     
Depreciation and amortization  $67   $59   $-   $126 
                     
Income before taxes  $1,111   $1,198   $(71)  $2,238 
                     
Other significant noncash items:                    
Allocated home office expense  $(328)  $328   $-   $- 
Stock compensation expense  $-   $-   $72   $72 
Warranty expense  $-   $84   $-   $84 
                     
Segment assets  $19,313   $8,164   $-   $27,477 
Expenditures for segment assets  $134   $-   $-   $134 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the six months ended March 29, 2026 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

   Consolidated
Total		 
                 
Revenue from external customers  $11,570   $7,202   $               -   $18,772 
Intersegment revenue   -    586    (586)   - 
Total revenue  $11,570   $7,788   $(586)  $18,772 
                     
Interest income  $-   $-   $83   $83 
                     
Depreciation and amortization  $68   $119   $-   $187 
                     
Income before taxes  $1,657   $628   $(389)  $1,896 
                     
Other significant noncash items:                    
Allocated home office expense  $(839)  $839   $-   $- 
Stock compensation expense  $-   $-   $472   $472 
Warranty expense  $-   $(137)  $-   $(137)
                     
Segment assets  $22,484   $8,376   $-   $30,860 
Expenditures for segment assets  $318   $531   $-   $849 

 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the six months ended March 30, 2025 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

   Consolidated
Total		 
                 
Revenue from external customers  $9,734   $9,194   $               -   $18,928 
Intersegment revenue   -    593    (593)   - 
Total revenue  $9,734   $9,787   $(593)  $18,928 
                     
Interest expense  $-   $-   $(12)  $(12)
                     
Depreciation and amortization  $131   $124   $-   $255 
                     
Income before taxes  $826   $2,491   $(176)  $3,141 
                     
Other significant noncash items:                    
Allocated home office expense  $(655)  $655   $-   $- 
Stock compensation expense  $-   $-   $164   $164 
Warranty expense  $-   $54   $-   $54 
                     
Segment assets  $19,313   $8,164   $-   $27,477 
Expenditures for segment assets  $218   $245   $-   $463