v3.26.1
Segment Reporting (Tables)
 9 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Schedule of Summary of Segment Performance

A summary of segment performance for the three months and nine months ended June 28, 2026 and June 29, 2025 is included in the tables below:

 

                                 
  

Results of Operations Selective Financial Information

(Thousands)

 
   Three months ended 
   June 28, 2026   June 29, 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  $4,677   $5,052   $-   $9,729   $6,838   $4,272   $-   $11,110 
Intersegment Revenue   -    419    (419)   -    -    325    (325)   - 
Total Segment Revenue   4,677    5,471    (419)   9,729    6,838    4,597    (325)   11,110 
                                         
Total Cost of Sales   3,170    3,653    (419)   6,404    5,081    3,186    (325)   7,942 
                                         
Gross Profit   1,507    1,818    -    3,325    1,757    1,411    -    3,168 
Gross Margin %   32.2%   33.2%   -    34.2%   25.7%   30.7%   -    28.5%
                                         
General and Administrative Expense   1,168    500    266    1,934    982    192    83    1,257 
Segment Allocated G&A Expense   (424)   424    -    -    (328)   328    -    - 
Net General & Administrative Expense   744    924    266    1,934    654    520    83    1,257 
                                         
Operating Income (Loss)   763    894    (266)   1,391    1,103    891    (83)   1,911 
Operating Income (Loss) %   16.3%   16.3%   -    14.3%   16.1%   19.4%   -    17.2%
                                         
Interest Income (Expense)   -    -    28    28    -    -    -    - 
                                         
Income (Loss) before taxes  $763    894    (238)   1,419    1,103    891    (83)   1,911 
Income (Loss) before taxes %   16.3%   16.3%   -    14.6%   16.1%   19.4%   -    17.2%

 

 

                                 
  

Results of Operations Selective Financial Information

(Thousands)

 
   Nine months ended 
   June 28, 2026   June 29, 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  $16,248   $12,253   $-   $28,501   $16,572   $13,466   $-   $30,038 
Intersegment Revenue   -    1,005    (1,005)   -    -    917    (917)   - 
Total Segment Revenue   16,248    13,258    (1,005)   28,501    16,572    14,383    (917)   30,038 
                                         
Total Cost of Sales   11,453    9,239    (1,005)   19,687    12,836    9,461    (917)   21,380 
                                         
Gross Profit   4,795    4,019    -    8,814    3,736    4,922    -    8,658 
Gross Margin %   29.5%   30.3%   -    30.9%   22.5%   34.2%   -    28.8%
                                         
General and Administrative Expense   3,638    1,234    738    5,610    2,789    557    247    3,593 
Segment Allocated G&A Expense   (1,263)   1,263    -    -    (983)   983    -    - 
Net General & Administrative Expense   2,375    2,497    738    5,610    1,806    1,540    247    3,593 
                                         
Operating Income (Loss)   2,420    1,522    (738)   3,204    1,930    3,382    (247)   5,065 
Operating Income (Loss) %   14.9%   11.5%   -    11.2%   11.6%   23.5%   -    16.9%
                                         
Interest Income (Expense)   -    -    112    112    -    -    (12)   (12)
                                         
Income (Loss) before taxes  $2,420    1,522    (626)   3,316    1,930    3,382    (259)   5,053 
Income (Loss) before taxes %   14.9%   11.5%   -    11.6%   11.6%   23.5%   -    16.8%
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 nine months ended June 28, 2026 and June 29, 2025 is included in the tables below:

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the three months ended June 28, 2026 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

  

Consolidated

Total

 
                 
Revenue from external customers  $4,677   $5,052   $-   $9,729 
Intersegment revenue   -    419    (419)   - 
Total revenue  $4,677   $5,471   $(419)  $9,729 
                     
Interest income  $-   $-   $28  $28
                     
Depreciation and amortization  $39   $68   $-   $107 
                     
Income before taxes  $763   $894   $(238)  $1,419 
                     
Other significant noncash items:                    
Allocated home office expense  $(424)  $424   $-   $- 
Stock compensation expense  $-   $-   $266   $266 
Warranty expense  $-   $-   $-   $- 
                     
Segment assets  $23,198   $9,283   $-   $32,481 
Expenditures for segment assets  $33   $174   $-   $207 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the three months ended June 29, 2025 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

  

Consolidated

Total

 
                 
Revenue from external customers  $6,838   $4,272   $-   $11,110 
Intersegment revenue   -    325    (325)   - 
Total revenue  $6,838   $4,597   $(325)  $11,110 
                     
Interest income  $-   $-   $-   $- 
                     
Depreciation and amortization  $72   $59   $-   $131 
                     
Income before taxes  $1,103   $891   $(83)  $1,911 
                     
Other significant noncash items:                    
Allocated home office expense  $(328)  $328   $-   $- 
Stock compensation expense  $-   $-   $83   $83 
Warranty expense  $-   $68   $-   $68 
                     
Segment assets  $20,626   $8,554   $-   $29,180 
Expenditures for segment assets  $159   $147   $-   $306 

 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the nine months ended June 28, 2026 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

  

Consolidated

Total

 
                 
Revenue from external customers  $16,248   $12,253   $-   $28,501 
Intersegment revenue   -    1,005    (1,005)   - 
Total revenue  $16,248   $13,258   $(1,005)  $28,501 
                     
Interest income  $-   $-   $112  $112
                     
Depreciation and amortization  $107   $187   $-   $294 
                     
Income before taxes  $2,420   $1,522   $(626)  $3,316 
                     
Other significant noncash items:                    
Allocated home office expense  $(1,263)  $1,263   $-   $- 
Stock compensation expense  $-   $-   $738   $738 
Warranty expense  $-   $(137)  $-   $(137)
                     
Segment assets  $23,198   $9,283   $-   $32,481 
Expenditures for segment assets  $351   $705   $-   $1,056 

 

  

Reportable Segment Financial Information

(thousands)

 
   As of and for the nine months ended June 29, 2025 
  

Optex

Richardson

  

Applied Optics

Center

Dallas

  

Other

(non-allocated

costs and

intersegment

eliminations)

  

Consolidated

Total

 
                 
Revenue from external customers  $16,572   $13,466   $-   $30,038 
Intersegment revenue   -    917    (917)   - 
Total revenue  $16,572   $14,383   $(917)  $30,038 
                     
Interest expense  $-   $-   $(12)  $(12)
                     
Depreciation and amortization  $203   $183   $-   $386 
                     
Income before taxes  $1,930   $3,382   $(259)  $5,053 
                     
Other significant noncash items:                    
Allocated home office expense  $(983)  $983   $-   $- 
Stock compensation expense  $-   $-   $247   $247 
Warranty expense  $-   $121   $-   $121 
                     
Segment assets  $20,626   $8,554   $-   $29,180 
Expenditures for segment assets  $218   $245   $-   $463