Disaggregated Revenues |
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| Disaggregated Revenues | Note 3 — Disaggregated Revenues
The following table disaggregates revenue by revenue stream for the three and nine months ended September 30:
Syntec Optics’ management periodically reviews revenue by end market to evaluate its revenue mix and identify trends. Beginning with the quarter ended September 30, 2026, the Company revised its end-market categories from Communication, Consumer, Defense and Medical to Space Tech, Defense Tech, Life Sciences, AI Data Center / Power, and other including Scientific Instruments. The revised categories provide greater visibility into the applications served by the Company’s products and the demand drivers affecting its revenue, including separately identifying space-related applications previously included within broader markets.
This change affects only the classification of revenue by end market and does not affect total revenue, the timing of revenue recognition, or the separate presentation of revenue by revenue stream. Comparative end-market amounts have been reclassified to conform to the current presentation.
Space Tech: Products supporting space technology, including space-related communications and defense applications.
Defense Tech: Products used in non-space-related defense applications. This also includes related items that can be sold into the civilian consumer market.
Life Sciences: Products used in medical devices, diagnostics, laboratory equipment and related applications.
AI Data Center / Power: Products used in artificial intelligence or data center infrastructure.
Other including Scientific Instruments: Primarily optical products sold into the scientific instrument market, together with products serving applications outside the other defined end markets.
Revenue is classified based on the end-use application of the related product or customer program. Space-related applications, including defense applications, are included in Space Tech and excluded from the other categories.
The following table disaggregates revenue as outlined above for the three and nine months ended September 30:
SYNTEC OPTICS HOLDINGS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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