Syntec Optics Holdings, Inc. announced a new $1.9 million order for low‑Earth‑orbit (LEO) satellite optics, to be shipped by the end of February 2026. The booking expands the company’s backlog in its rapidly growing space‑communications business.
The order follows a year of strong demand; Syntec shipped more than $2.6 million of space optics in 2025, and the new booking represents a 27% increase in quarterly revenue if realized. The company’s vertically integrated manufacturing platform has enabled it to meet the stringent performance and yield requirements of constellation operators.
Management highlighted the order as evidence of Syntec’s ability to scale production. Matt Carey, VP of Business Development and Delivery, said, “The demand for our LEO satellite optics is not just continuing; it is trending upward at an accelerated pace. Adding another $1.9 million to our backlog for delivery through early 2026 is exciting.”
Despite the positive order, Syntec’s Q3 2025 results showed net losses and margin compression due to investments in labor and overhead to support quality and delivery. Gross profit fell from $1.6 million in Q2 to $0.9 million in Q3, reflecting the company’s strategic spending to maintain its competitive edge.
The company’s cash position remains modest, with accessible liquidity of about $1.3 million, and it continues to navigate covenant compliance issues. The new order adds to the revenue pipeline but does not offset the current profitability challenges.
Analysts note that while the order signals momentum in the high‑growth LEO segment, investors will monitor how Syntec translates this demand into sustainable profitability and whether the company can maintain its investment pace without eroding margins further.
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