FreeFlyer® modeling confirms feasibility of new orbit families offering persistent lunar access for surveillance, navigation and communication.
LANHAM, MD / ACCESS Newswire / August 12, 2025 / a.i. solutions, a leading provider of mission-critical aerospace engineering services and software, and Coorbital Inc., an emerging startup specializing in cislunar astrodynamics, announced the successful modeling and validation of a newly discovered family of “tulip-shaped” orbits, a first in the field of cislunar astrodynamics. This innovative research, originally developed by Dr. Darin Koblick in collaboration with Texas A&M University, was modeled and verified using a.i. solutions’ FreeFlyer® astrodynamics software.
Recently published in the Journal of Astronautical Sciences, these orbit families, characterized by their distinctive multi-lobed, flower-like geometry, were introduced as “tulip-shaped orbits.” They leverage the gravitational interplay between Earth and the Moon to enable mission profiles previously considered infeasible. Unlike traditional NRHOs or Distant Retrograde Orbits, tulip-shaped orbits enable sidereal resonant coverage with more flexible geometry and lower ΔV demands, offering broad utility for lunar surveillance, communications, navigation and space domain awareness.
“Working with Coorbital Inc., we used FreeFlyer to validate the performance and station-keeping feasibility of tulip-shaped orbits,” said Dr. Brian McCarthy, senior astrodynamicist at a.i. solutions supporting the NASA Gateway Program. “These orbits offer persistent lunar coverage with minimal ΔV and have real potential to support both commercial and government cislunar operations.”
This work aligns with key national priorities to advance lunar exploration and space surveillance capabilities. It supports efforts such as the U.S. Air Force Research Laboratory’s Oracle family, the U.S. Space Force’s Golden Dome, and NASA’s LunaNet architecture. “We have a great deal to learn when it comes to operating, navigating and communicating from cislunar space,” said Col. Jeremy Raley, Director of the AFRL Space Vehicles Directorate.
Employing a novel station-keeping control strategy, Koblick and McCarthy successfully maintained all fourteen families of sidereal resonant tulip-shaped orbits with mean annual ΔV costs between 6-15 m/s, well within operational feasibility for current and future spacecraft.
“This represents a major advancement in astrodynamics research and underscores the value of industry collaboration in advancing both government and commercial space exploration and security missions,” said Koblick. The successful validation of tulip-shaped orbits sets the stage for a near-term demonstration mission, an opportunity to test and confirm their operational advantages. With continued collaboration and real-world testing, tulip-shaped orbits could soon play a foundational role in building secure, scalable infrastructure across the Earth-Moon system.
About a.i. solutions Inc. a.i. solutions is a leading aerospace engineering firm providing mission-critical software, engineering services, and operational support to civilian, commercial, and national security space missions. With a history spanning over two decades, the company is committed to delivering reliable solutions that ensure mission success. Learn more at http://www.ai-solutions.com.
About Coorbital Inc. Coorbital Inc. is a Los Angeles based aerospace startup pioneering next-generation space and missile defense technologies. The company develops advanced solutions for ISR, SDA, hypersonic threats, and interplanetary missions. With a focus on innovation and national security, Coorbital is helping shape the future of defense and space exploration. Learn more at http://www.coorbital.com.
Contact Information
Doug Stewart Vice President of Strategic Marketing, Appleton doug@appletoncreative.com 407-246-0092 ext. 1
Now Offering Veterinary Hemodialysis, Therapeutic Plasma Exchange, and Hemoperfusion
BEND, OR / ACCESS Newswire / August 12, 2025 / The Veterinary Referral Center of Central Oregon (VRCCO) is proud to announce the addition of advanced Extracorporeal Therapies, including Hemodialysis, Therapeutic Plasma Exchange, and Hemoperfusion, to its suite of specialized veterinary services. VRCCO is honored to be among the few facilities in the US to offer these cutting-edge treatments that provide new hope for pets suffering from acute kidney injuries, chronic kidney disease, immune-mediated diseases, and life-threatening toxicities.
Hemodialysis serves as an “artificial kidney” by filtering a pet’s blood to remove harmful substances such as waste, toxins, and excess fluids. While it does not directly heal the kidneys, it provides a vital window of time for recovery, while significantly improving comfort and quality of life for the pet during this critical period. Hemodialysis is most commonly used for acute kidney injuries, severe electrolyte imbalances, fluid overload, and certain toxicities.
Therapeutic Plasma Exchange (TPE) is a procedure designed to remove harmful substances from a pet’s plasma, replacing it with donor plasma. This therapy is particularly effective in managing severe immune-mediated conditions such as immune-mediated hemolytic anemia (IMHA) and myasthenia gravis, as well as certain toxicities. Pets may experience rapid improvement, particularly with immune-mediated diseases that are unresponsive to conventional treatments.
Hemoperfusion involves filtering a pet’s blood through a cartridge containing activated charcoal or similar materials to adsorb toxins. This technique is especially valuable in cases of NSAID overdoses (e.g., ibuprofen, carprofen) or exposure to other harmful substances where no antidote exists. Treatments are generally completed within 2-4 hours, and a single session is often sufficient if administered before organ damage occurs.
VRCCO utilizes the same advanced dialysis machines and materials used in human medicine, ensuring the highest standards of care. Throughout treatments, patients are continuously monitored for vital parameters including blood clotting times, fluid balance, hematocrit, electrolytes, and cardiac health, with personalized attention from their care team. Pet Parents should also be aware of the following while considering these therapies:
Comfort & Compassionate Care: Dialysis treatments are not painful. Pets rest comfortably on soft bedding under the continuous care and observation of VRCCO’s specialized team. Sedation is rarely required.
Patient Size & Suitability: Most companion animals, regardless of size, can be safely treated. VRCCO’s in-house blood bank ensures the availability of transfusions if necessary.
Prognosis & Expectations: Treatment outcomes are highly variable and depend on the severity and cause of the condition. Some pets may require only a few treatments, while others may need ongoing therapy.
Early Intervention is Critical: Starting dialysis before severe complications arise, such as fluid overload or organ dysfunction, dramatically improves the likelihood of a positive outcome.
The Veterinary Referral Center’s board-certified specialists encourage pet parents and referring veterinarians to consult with them to determine whether these therapies are appropriate for individual cases. In many situations, time is a critical factor and early intervention can be life-saving. To learn more about Extracorporeal Therapies or VRCCO’s comprehensive specialty services, please contact the Veterinary Referral Center of Central Oregon at 541-209-6960 or info@vrcvet.com.
GREENSBORO, NC—Jeffrey Segal, MD, JD, the founder of Medical Justice and a nationally recognized medico‑legal authority, supports a newly issued Position Statement from the American Academy of Neurology, American Epilepsy Society, and Epilepsy Foundation of America that revisits when—and under what circumstances—people who experience seizures may safely resume driving. The Statement, “Seizures, Driver Licensure, and Medical Reporting Update,” replaces a 2007 version and urges states to anchor their licensing rules in clinical evidence while preserving the physician‑patient relationship.
Dr. Segal dissects the Position Statement’s findings in his blog post “How Soon Can Patients Who Experience a Seizure Resume Driving, If at All?”, noting that the societies’ research confirms a “modest but real” increase in motor‑vehicle accidents (MVAs) associated with epileptic seizures, yet also shows that fatal‑crash risk is LOWER than that posed by alcohol use disorder and by young, inexperienced drivers.
“The data overturn the notion that every person with a seizure disorder represents an outsized menace on the road,” Dr. Segal explained. “Risk clearly decreases the longer a patient remains seizure‑free, and that decline becomes meaningful at about three months. A universal requirement that people wait six, nine, or twelve months after a seizure looks more punitive than protective.”
Dr. Segal endorses the Position Statement’s central recommendation: a minimum three‑month seizure‑free interval, with flexibility for state medical‑review boards to shorten or lengthen that period based on individualized factors such as medication adherence, nocturnal‑only seizure patterns, or a history of treatment‑resistant epilepsy.
“Blanket prohibitions do little to enhance public safety if they push patients into unlicensed driving or discourage them from being honest with their doctors,” he said. “A tailored, evidence‑driven approach respects patient autonomy and still allows regulators to intervene when red flags appear, like recurrent seizures despite aggressive therapy or clear non‑compliance with medication.”
Equally significant, according to Dr. Segal, is the Position Statement’s stance on reporting. The societies conclude that mandatory physician reporting of every seizure does not reduce crash rates, yet does increase unlicensed driving and patient reluctance to disclose essential information. The Statement therefore recommends placing primary responsibility on patients to self‑report seizure activity to their departments of motor vehicles (DMVs) and recommends granting clinicians legal authority—but not an obligation—to notify authorities when a patient poses a clear hazard.
“Imposing a mandate to report every seizure creates an adversarial dynamic,” Dr. Segal commented. “Physicians become reluctant enforcers, patients clam up, and genuine public‑safety threats go underground. Authorizing, but not compelling, reporting, coupled with robust immunity for clinicians who in good faith choose to report or not report, strikes the right balance.”
The Position Statement also urges states to keep licensing criteria in regulations or guidelines rather than hard‑coding them into statutes. “That’s an important procedural safeguard,” Dr. Segal observed. “Evidence evolves, and regulators need agility to adjust rules as new data emerge without waiting for a legislature to reconvene.”
He added that DMVs should retain ultimate decision‑making authority, even when they consult treating practitioners. “Physicians supply the facts; medical advisory boards weigh those facts against risk‑tolerance thresholds set by the public and its elected representatives.”
Commercial and professional drivers warrant more stringent scrutiny, the societies acknowledge, because of greater road exposure and larger vehicles. Dr. Segal agrees but cautions against overgeneralization. “A long‑haul trucker who has been seizure‑free for years under stable therapy should not be lumped with someone who had a breakthrough tonic‑clonic episode last month,” he said. “Regulations must reflect real‑world risk, not fear.”
Functional (psychogenic non‑epileptic) seizures, which lack the electrical abnormalities of epilepsy yet still impair consciousness and motor control, also fall under the new guidance. The statement recommends that drivers experiencing these events receive counseling and restrictions comparable to those for epileptic seizures until more data emerge. Dr. Segal supports this inclusion: “Ignoring functional seizures would create a dangerous loophole. The societies wisely err on the side of safety while signaling the need for further study.”
Ultimately, Dr. Segal views the Position Statement as a timely nudge for states whose rules still rely on decades‑old assumptions. “It is long overdue,” he said. “States should update their regulations to adopt a three‑month minimum seizure‑free interval, allow nuanced adjustments, and place reporting responsibility primarily on drivers. We cannot legislate perfect safety, but we can remove arbitrary barriers that penalize well‑controlled patients and undermine candid doctor‑patient dialogue.”
About Medical Justice: Founded by Jeffrey Segal, MD, JD, Medical Justice has guided physicians through the complex intersection of medicine, law, and public policy for nearly two decades. Healthcare professionals seeking advice on medico‑legal risk management are invited to schedule a complimentary 15‑minute consultation online and explore Medical Justice’s protection plans for doctors, which provide wide-ranging strategies from in-office risk management protocols to online reputation management.
Strategic acquisition expands capabilities in financial incentives and behavioral engagement, further strengthening Clutch’s growing healthcare footprint
AMBLER, PENNSYLVANIA / ACCESS Newswire / August 12, 2025 / Clutch, the leading AI-powered engagement platform serving both commerce and healthcare verticals, today announced its acquisition of Reciprocity Health, a healthcare technology company known for its behavioral science-driven approach to financial incentives and patient engagement.
The acquisition marks a significant expansion of Clutch Health, Clutch’s dedicated healthcare business line. By integrating Reciprocity Health’s specialized technology and experienced healthcare team, Clutch Health is poised to scale faster, serve broader use cases, and deliver even more impactful outcomes across the healthcare ecosystem.
“Clutch Health has been growing rapidly, and the addition of Reciprocity accelerates everything; capabilities, talent, and strategic reach,” said Craig Hauben, CEO of Clutch. “We’re combining the science and discipline of healthcare engagement with the consumer-grade technology Clutch is known for. It’s a natural evolution of the platform.”
A Platform Built for Behavioral Impact
This acquisition unites two mission-aligned organizations:
Reciprocity Health’s TheraPay® platform leveraging gamified, incentive-based models to drive plan adherence and patient/member action
Clutch Health’s personalized engagement engine, designed to deliver 1:1 communication and behavioral nudges at scale
Together, Clutch Health will offer enhanced capabilities for healthcare organizations, payers, providers, health plans, cost management and VBC entities to engage consumers more intelligently, efficiently, and measurably.
“With market healthcare opportunities rapidly expanding and a focus towards enhanced consumerism and patient/provider engagement through care journeys,” said Jim Mayhall, CEO of Reciprocity Health. “joining Clutch furthers our mission in empowering patients with customized incentives to enhance adherence, improve outcomes, and reduce costs”
Reciprocity Health was born from the vision of Co-Founders Matt Swanson and Jon Silvon in applying innovative retail behavioral science technology to improve outcomes in complex care journeys for members in vulnerable populations. This vision has broadened to deliver commercially scalable solutions to help activate, empower, and engage members in a variety of healthcare settings.
“This next phase is about more than scaling technology – it’s about combining Reciprocity’s clinical, decision science expertise with Clutch’s world-class AI and data science to redefine how healthcare engagement works,” said Matt Swanson, Co-Founder of Reciprocity Health. “We’re operating in a rapidly evolving market that demands greater precision in patient activation and, together with Clutch, we’re bringing the full power of behavioral science and dynamic incentives to the center of value-based care.”
No Shift Away from Commerce, Just Expanding the Vision
Clutch remains committed to its Commerce line of business supporting leading brands in retail, grocery, restaurants, and consumer services. This acquisition simply reflects Clutch’s multi-sector strategy, where the same core technology powers high-performance engagement across both consumer and healthcare domains.
Under the Clutch umbrella:
Clutch Commerce continues to grow with leading commerce clients
Clutch Health expands its reach, capabilities, and delivery model now strengthened by the Reciprocity Health team and technology
Expanded Capabilities for a Growing Market
With this acquisition, Clutch Health now offers:
Advanced Financial Incentive Management: Deploy secure, gamified incentives tied to plan and program milestones
Hyper-Personalized Outreach: Use AI and behavioral data to drive targeted, outcome-based messaging
Integrated Behavioral Science: Build durable engagement models that improve outcomes and reduce churn
The combined team is already delivering results across existing client portfolios and is poised for rapid expansion through the remainder of 2025 and beyond.
About Clutch
Clutch is an AI-powered Retention, Loyalty, and Engagement Platform that helps businesses in Commerce and Healthcare build stronger relationships with their customers, patients, and members. Through personalized, data-driven communication, automation, and incentives, Clutch helps clients drive measurable outcomes in loyalty, retention, and health engagement.
About Reciprocity Health
Reciprocity Health is a healthcare engagement company that uses behavioral science and financial incentives to activate patients and members. Its flagship platform, TheraPay®, delivers personalized nudges, gamified engagement, and real-time rewards to help individuals take action on their care plans and health journeys.
MAHWAH, NEW JERSEY / ACCESS Newswire / August 12, 2025 / Core Development Group, a nationally ranked, independent, trusted clean energy provider, today announced its sponsorship and attendance at RE+ 2025 in Las Vegas from September 8-11, 2025. The event will feature exhibits and presentations on renewable energy and is expected to attract over 40,000 industry experts, innovators, and thought leaders in the clean energy sector.
RE+ 25 is more than just the largest clean energy event; it brings the modern energy industry together to foster a cleaner future. What began as Solar Power International (SPI) has evolved into RE+, bringing together renewable energy leaders for four days of educational and networking opportunities. Today’s RE+25 brings together industry leaders from across the clean energy industry, including solar, energy storage, hydrogen, microgrids, EV charging and infrastructure, wind energy, and now geothermal energy.
“The RE+25 Las Vegas conference unites the global clean energy community and provides business networking and educational opportunities that give attendees the insights and strategies needed to position themselves for 2026 and beyond,” said Henry Cortes, CEO and Founder of Core Development Group “We are grateful to the commitment of RE+ and other sponsors who have consistently pledged to support sustainability and clean energy in making the RE+ conference a continued success.”
Core Development Group designs and builds solutions to lead the way forward to net zero. Collaborating with the right partners is crucial to success in the clean energy sector. RE+ serves as a common ground for innovators and industry leaders to connect and learn from one another. Sharing ideas, challenges, and solutions makes for a stronger market that can grow and adapt more quickly, ensuring a future powered by clean energy.
Every year, Core Development Group hosts vendor and partner gatherings at RE+. Conference days can be long, so Core Development Group meets with key partners in casual, face-to-face settings to unwind, share ideas, and review accomplishments in the company’s increasingly complex and challenging projects.
RE+25 also enables new partners and customers to connect and speak with Core Development Group experts to discuss how to address critical clean energy challenges.
About Core Development Group
Core Development Group is a trusted and agile independent U.S. renewable energy developer, contractor and consultant. The company helps organizations transition to clean, renewable energy and provides solar energy systems, battery storage, microgrids, and EV charging infrastructure to companies in the U.S. and abroad. Core Development Group also provides world-class engineering, design, construction, quality assurance, and construction management consulting services for renewable energy projects. Founded in 2012, Core Development Group is headquartered in Mahwah, New Jersey. Learn more at coredevusa.com.
About RE+ Events
RE+ Events is the global event and association management organization specializing in the clean energy industry. Our flagship event, RE+ (formerly SPI), is the largest renewable energy event in North America. The RE+ Events portfolio also includes events within the U.S. focusing on trends and policies in specific states/regions, and international events that bring together clean energy leaders in up-and-coming markets across the world. Visit re-plus.events.
RICHARDSON, TX / ACCESS Newswire / August 12, 2025 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced financial results for the three and nine months ended June 29, 2025.
Danny Schoening, CEO of Optex Systems Holdings, Inc., commented, “We are proud to announce another record-breaking quarter for revenue, a testament to our unwavering commitment to excellence, reliability, and customer support. This milestone reflects not only our strong operational performance but also the momentum we are building across the business.
“In addition to surpassing previous revenue records, we are excited to report several significant new program wins that expand our footprint in both domestic and international markets. These new awards are the result of our consistent delivery of high-quality products and the trust we have earned as a dependable defense manufacturing partner.
“Our factory performance continues to highlight the strength of our team and the efficiency of our processes. As we celebrate this achievement, we remain focused on sustaining this growth trajectory, investing in innovation, and delivering superior value to our customers and shareholders.
“We thank our employees, customers, and investors for their ongoing support in making this success possible.”
Backlog as of June 29, 2025 was $38.3 million, compared to a backlog of $45.6 million as of June 30, 2024, representing a decrease of $7.3 million, or 16.0% from the prior year June period. Subsequent to the period ended June 29, 2025, the Company announced several new awards including a $2.8 million order for the XM30 program, a $10.2 million five-year requirement-type contract award for optical sighting systems, and a $1.6 million order for laser filters, bringing our total backlog to $45.0 million as of August 5, 2025.
For the three months ended June 29, 2025, our total revenue increased by $2.1 million, or 22.6%, compared to the prior year period. For the nine months ended June 29, 2025, our total revenue increased by $5.5 million, or 22.3%, compared to the prior year period. The increase in revenue was primarily driven by higher periscope production levels at the Optex Richardson segment, combined with increased customer demand across both the Optex Richardson and the Applied Optics operating segments.
Consolidated gross profit for the three months ended June 29, 2025 increased by $0.3 million, or 10.0%, compared to the prior year period. Consolidated gross profit for the nine months ended June 29, 2025 increased by $1.5 million, or 21.6%, compared to the prior year period. The increase in the most recent three and nine-month period gross profit was primarily attributable to increased revenue and changes in product mix.
Our operating income for the three months ended June 29, 2025 increased by $0.3 million, or 18.3%, compared to the prior year period. Our operating income for the nine months ended June 29, 2025 increased by $1.5 million, or 43.8%, compared to the prior year period. The increase in operating income was primarily driven by higher revenue and gross profit.
As of June 29, 2025, Optex Systems Holdings had working capital of $19.4 million, as compared to $15.1 million as of September 29, 2024. During the nine months ended June 29, 2025, we generated operating cash of $5.4 million, primarily driven by increased net income, reductions in inventory and increased accounts payable. During the nine months ended June 29, 2025, we paid $1.0 million against the credit facility and purchased capital assets of $0.5 million.
At June 29, 2025, the Company had approximately $4.9 million in cash and no draws against its revolving credit line. As of June 29, 2025, our outstanding accounts receivable balance was $4.1 million to be collected during the fourth quarter of fiscal 2025.
Our key performance measures for the three and nine months ended June 29, 2025 and June 30, 2024 are summarized below.
(Thousands)
Three months ended
Nine months ended
Metric
Jun 29, 2025
Jun 30, 2024
% Change
Jun 29, 2025
Jun 30, 2024
% Change
Revenue
$
11,110
$
9,060
22.6
%
$
30,038
$
24,552
22.3
%
Gross Profit
$
3,168
$
2,881
10.0
%
$
8,658
$
7,122
21.6
%
Gross Margin %
28.5
%
31.8
%
(10.4
)%
28.8
%
29.0
%
(0.7
)%
Operating Income
$
1,911
$
1,615
18.3
%
$
5,065
$
3,523
43.8
%
Net Income
$
1,510
$
1,261
19.7
%
$
4,122
$
2,754
49.7
%
Adjusted EBITDA (non-GAAP)
$
2,125
$
1,837
15.7
%
$
5,698
$
4,224
34.9
%
The table below summarizes our three- and nine-month operating results for the periods ended June 29, 2025 and June 30, 2024, in terms of both the GAAP net income measure and the non-GAAP Adjusted EBITDA measure. We believe that including both measures allows the reader better to evaluate our overall performance.
(Thousands)
Three months ended
Nine months ended
June 29, 2025
June 30, 2024
June 29, 2025
June 30, 2024
Net Income (GAAP)
$
1,510
$
1,261
$
4,122
$
2,754
Add:
Federal Income Tax Expense
401
337
931
737
Depreciation and Amortization
131
132
386
341
Stock Compensation
83
90
247
360
Interest (Income) Expense
–
17
12
32
Adjusted EBITDA – Non GAAP
$
2,125
$
1,837
$
5,698
$
4,224
Adjusted EBITDA has limitations and should not be considered in isolation or a substitute for performance measures calculated under GAAP. This non-GAAP measure excludes certain cash expenses that we are obligated to make. In addition, other companies in our industry may calculate Adjusted EBITDA differently than we do or may not calculate it at all, which limits the usefulness of Adjusted EBITDA as a comparative measure.
Our net income increased by $0.2 million to $1.5 million for the three months ended June 29, 2025, as compared to net income of $1.3 million for the prior year period. Our adjusted EBITDA increased by $0.3 million to $2.1 million for the three months ended June 29, 2025, as compared to adjusted EBITDA of $1.8 million for the prior year period.
Our net income increased by $1.3 million to $4.1 million for the nine months ended June 29, 2025, as compared to net income of $2.8 million for the prior year period. Our adjusted EBITDA increased by $1.5 million to $5.7 million for the nine months ended June 29, 2025, as compared to adjusted EBITDA of $4.2 million for the prior year period.
The increase in net income and adjusted EBITDA for the most recent three and nine-month periods compared to the prior year periods is primarily driven by increased revenue and gross profit.
We currently do not anticipate any significant material risks as a result of the recent tariff uncertainties or China’s stranglehold on rare earths. Our defense products are primarily sourced domestically, but those which are imported are generally not subject to tariff or duties. We produce some commercial optical assemblies with selective components sourced from Taiwan; however, our current customer backlog is covered with existing material in inventory. We anticipate any future orders for these commercial products will be subject to revised pricing inclusive of any potential tariff impact.
Highlights of the Consolidated and Segment Results of Operations have been prepared in accordance with GAAP. These financial highlights do not include all information and disclosures required in the consolidated financial statements and footnotes and should be read in conjunction with our Quarterly Report on Form 10Q for the three and nine months ended June 29, 2025 filed with the SEC on August 12, 2025.
Optex Systems Holdings, Inc. Condensed Consolidated Balance Sheets
(Thousands, except share and per share data)
June 29, 2025
September 29, 2024
(Unaudited)
ASSETS
Cash and Cash Equivalents
$
4,871
$
1,009
Accounts Receivable, Net
4,140
3,764
Inventory, Net
14,514
14,863
Contract Asset
155
219
Prepaid Expenses
469
217
Current Assets
24,149
20,072
Property and Equipment, Net
1,475
1,292
Other Assets
Deferred Tax Asset
852
947
Intangible Assets, Net
845
951
Right-of-use Asset
1,836
2,233
Security Deposits
23
23
Other Assets
3,556
4,154
Total Assets
$
29,180
$
25,518
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts Payable
$
1,778
$
1,177
Credit Facility
–
1,000
Operating Lease Liability
645
638
Federal Income Taxes Payable
–
74
Accrued Expenses
1,227
1,258
Accrued Selling Expense
169
237
Accrued Warranty Costs
173
52
Contract Loss Reserves
423
259
Customer Advance Deposits
285
255
Current Liabilities
4,700
4,950
Other Liabilities
Operating Lease Liability, net of current portion
1,346
1,760
Other Liabilities
1,346
1,760
Total Liabilities
6,046
6,710
Commitments and Contingencies
–
–
Stockholders’ Equity
Common Stock – ($0.001 par, 2,000,000,000 authorized, 6,912,919 and 6,873,938 shares issued and outstanding, respectively)
7
7
Additional Paid in Capital
21,669
21,465
Retained Earnings (Accumulated Deficit)
1,458
(2,664
)
Stockholders’ Equity
23,134
18,808
Total Liabilities and Stockholders’ Equity
$
29,180
$
25,518
The accompanying notes in our Quarterly Report on Form 10Q for the three and nine months ended June 29, 2025 filed with the SEC on August 12, 2025 are an integral part of these financial statements.
Optex Systems Holdings, Inc. Condensed Consolidated Statements of Operations (Unaudited)
(Thousands, except share and per share data)
Three months ended
Nine months ended
June 29, 2025
June 30, 2024
June 29, 2025
June 30, 2024
Revenue
$
11,110
$
9,060
$
30,038
$
24,552
Cost of Sales
7,942
6,179
21,380
17,430
Gross Profit
3,168
2,881
8,658
7,122
General and Administrative Expense
1,257
1,266
3,593
3,599
Operating Income
1,911
1,615
5,065
3,523
Interest Expense
–
17
12
32
Income Before Taxes
1,911
1,598
5,053
3,491
Income Tax Expense, net
401
337
931
737
Net Income
$
1,510
$
1,261
$
4,122
$
2,754
Basic income per share
$
0.22
$
0.19
$
0.60
$
0.41
Weighted Average Common Shares Outstanding – basic
6,884,429
6,799,807
6,856,776
6,744,997
Diluted income per share
$
0.22
$
0.18
$
0.60
$
0.40
Weighted Average Common Shares Outstanding – diluted
6,929,625
6,888,208
6,911,817
6,812,431
The accompanying notes in our Quarterly Report on Form 10Q for the three and nine months ended June 29, 2025 filed with the SEC on August 12, 2025 are an integral part of these financial statements.
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company’s website at www.optexsys.com.
Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” and similar expressions.
These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); customer demand; orders and backlog; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.
These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government’s interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.
You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.
NORTH CONWAY, NH / ACCESS Newswire / August 12, 2025 / Digitunity, in collaboration with Brian Whitacre, Professor in the Department of Agricultural Economics at Oklahoma State University, and AT&T, has released a new report, Supportive and Sustainable Computer Ownership Ecosystems for Rural America: Key Takeaways and Actionable Strategies. Based on a 15-month initiative in Mississippi and Arizona, the report provides practical recommendations on how to increase computer ownership and digital skills in rural communities.
Computer Ownership Is a Challenge in Rural Communities
One in seven households still lacks access to a large-screen computer in the United States, and the gap is even wider in rural areas, where many households rely solely on smartphones, while others lack any computers at all. In the absence of access, there are limited opportunities for education, employment, health care, and community engagement.
Key Findings and Solutions
The report documents the unique barriers rural communities face, including limited local resources for device supply, refurbishment, and deployment. It provides 20 actionable takeaways, including:
Building partnerships with trusted local organizations to understand community needs
Creating sustainable systems for computer donation and deployment
Formalizing device distribution practices and digital skills training
Leveraging field catalyst organizations to connect rural communities with national partners, donors, and resources
Supportive and Sustainable Computer Ownership Ecosystems for Rural America includes case studies from Mississippi and Arizona. These reports present detailed survey data, best practices, and recommendations for stakeholders seeking to expand digital opportunities in rural America.
Collaboration and Impact
Digitunity led the project, collaborating with AT&T, Oklahoma State University, Chicanos Por La Causa, Arizona Students Recycling Used Technology (AZStRUT), and the Mississippi Broadband Association, among other partners. The initiative led to the deployment of hundreds of computers, digital skills workshops, and the development of tools and templates now available to rural communities nationwide.
“Our goal is to shape and strengthen systems to make computer ownership possible for everyone, no matter where they live,” said Karisa Tashjian, Senior Director of Programs and Strategic Partnerships at Digitunity. “This report offers practical guidance and real-world examples for communities demonstrating that lasting solutions are possible.”
Download the Report
The full report, Supportive and Sustainable Computer Ownership Ecosystems for Rural America: Key Takeaways and Actionable Strategies, is available for download here.
About Digitunity: Digitunity is a national nonprofit organization with a mission to make owning a computer possible for everyone. For over 40 years, Digitunity has been engaged in the work of shaping and strengthening systems to address computer ownership among those impacted by the digital divide. Through generating and placing donated computers with organizations serving people in need, supporting a national practitioner network, and providing strategic advisory support to states and cities, Digitunity works to create sustainable solutions that make computer ownership possible for all.
With 3-Year Revenue Growth of 2,961%, TEAL also ranks as 9th fastest growing software company in United States
SEATTLE, WASHINGTON / ACCESS Newswire / August 12, 2025 / Inc., the leading media brand and playbook for entrepreneurs and business leaders shaping our future, today announced that TEAL (Teal Communications, Inc.) ranked No. 122 on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list provides a data-driven snapshot of the most successful companies within the economy’s most dynamic segment-its independent, entrepreneurial businesses – and is based on verified revenue growth over a 3-year period. Past honorees include companies such as Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, and Patagonia.
“Being recognized on the Inc. 5000 list is a reflection of our team’s relentless commitment to innovation and delivering exceptional value to our customers. Through our Network Orchestration Service (NOS), we’re empowering businesses with the freedom and control they need to connect physical AI and IoT products to data networks globally. This achievement underscores the transformative impact we’re having across many fast-growing industries, and we’re honored to stand alongside so many inspiring companies driving growth and innovation,” said Michael Johnston, Co-Founder and CBO at TEAL.
This year’s Inc. 5000 honorees have demonstrated exceptional growth while navigating economic uncertainty, inflationary pressure, and a fluctuating labor market. Among the top 500 companies on the list, the median 3-year revenue growth rate reached 1,552%, and those companies have collectively added more than 48,678 jobs to the U.S. economy over the past three years.
For the full list, company profiles, and a searchable database by industry and location, visit: www.inc.com/inc5000.
“Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company’s tenacity and clarity of vision,” says Mike Hofman, editor-in-chief of Inc. “These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn’t just weather the storm-they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy.”
Inc. will celebrate the honorees at the 2025 Inc. 5000 Conference & Gala, taking place October 22-24 in Phoenix, and the top 500 will be listed in the Fall issue of Inc. magazine.
About TEAL
TEAL’s wholly owned and US-built cloud-native Network Orchestration Service (NOS) connects physical AI and mission critical devices to data networks globally. With more direct network operator agreements than any other company, TEAL gives enterprise flexibility and control to access and remotely switch between networks, ensuring unmatched performance, reliability, and security. TEAL supports customers across diverse industries, including mobility, robotics, BVLOS drones, healthcare, agriculture, smart city infrastructure, EV charging, and energy. For more information, please visit teal.io.
About Inc.
Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.
Methodology
Companies on the 2025 Inc. 5000 are ranked according to percentage revenue growth from 2021 to 2024. To qualify, companies must have been founded and generating revenue by March 31, 2021. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2024. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2021 is $100,000; the minimum for 2024 is $2 million.
A Gateway for Manufacturers, Distributors, and Innovators
DALLAS, TX / ACCESS Newswire / August 12, 2025 / Expo CIHAC, Latin America’s leading construction, architecture, and design exhibition, and Expo Contratista, the largest national Hispanic construction trade show in the United States, are proud to announce a groundbreaking collaboration aimed at fostering stronger trade, investment, and industry connections between Mexico and the U.S.
Through this strategic alliance, companies in both countries will gain unparalleled opportunities to exhibit their products, explore new markets, and form key partnerships. Manufacturers in Mexico will be able to connect directly with U.S. distributors and contractors, while American companies will find a gateway to Mexico’s rapidly growing construction and infrastructure market.
Driving Bilateral Growth in Construction Materials Trade According to U.S. Census Bureau trade data, the U.S. imported over $6.5 billion worth of construction materials from Mexico in 2024, with exports to Mexico exceeding $5.2 billion. This cross-border flow of goods-ranging from steel, cement, and glass to innovative building systems-continues to grow as both nations invest heavily in housing, commercial real estate, and infrastructure.
By leveraging Expo CIHAC‘s deep network in Mexico and Expo Contratista‘s influential platform in the U.S., the partnership will create a year-round synergy, boosting both import and export opportunities. This initiative also aims to strengthen the supply chain resilience of construction materials, encourage innovation in manufacturing, and promote sustainable building practices on both sides of the border.
Leadership Endorsements Tania Díaz, Show Director of Expo CIHAC, expressed her enthusiasm: “This collaboration represents more than a business alliance-it’s a bridge for knowledge, innovation, and opportunity between two of the most dynamic construction markets in the world.”
Sergio Terreros, President of Expo Contratista, echoed this vision: “By joining forces, we are opening the door for manufacturers, distributors, and contractors to expand beyond borders. The Hispanic workforce is the backbone of construction in the U.S., and this partnership will ensure that talent, materials, and innovation flow seamlessly between our countries.”
A Gateway for Manufacturers, Distributors, and Innovators With Expo CIHAC’s annual event in Mexico City and Expo Contratista’s upcoming show on October 24-25, 2025, at the Irving Convention Center in Dallas, this alliance provides a dual-platform presence for companies seeking to dominate in both markets. Exhibitors will benefit from targeted matchmaking programs, bilingual marketing support, and access to industry decision-makers from both countries.
About Expo CIHAC Expo CIHAC is the premier exhibition for the construction, architecture, and design industries in Latin America, bringing together thousands of professionals to showcase the latest technologies, products, and solutions.
About Expo Contratista Expo Contratista is the largest Hispanic construction trade show in the U.S., uniting thousands of contractors, general contractors, and industry leaders to connect, learn, and grow their businesses
BELLEVUE, WA / ACCESS Newswire / August 12, 2025 / CoreStack, a leading global multi-cloud governance provider, today announced it has been named to the prestigious Inc. 5000 list of the fastest-growing private companies in America for the third consecutive year. This recognition reaffirms CoreStack’s continued momentum in delivering AI-powered cloud governance that drives business outcomes for enterprises worldwide.
Published annually by Inc. magazine, the Inc. 5000 list honors the most successful independent companies in the U.S. based on revenue growth over a three-year period. Past honorees have included household names such as Microsoft, Intuit, Zappos, and Patagonia.
“This achievement is a testament to the hard work, innovation, and customer obsession of our team,” said Ezhilarasan Natarajan, CEO of CoreStack. “We are proud to help organizations confidently embrace the cloud and unlock its full potential. Being recognized again on the Inc. 5000 list underscores our ability to deliver measurable value to our customers while scaling our business globally.”
CoreStack’s AI-powered NextGen Cloud Governance and Security platform enables enterprises to achieve continuous and autonomous cloud governance at scale across FinOps, SecOps, and CloudOps. Trusted by 750+ global enterprises and governing over $2B in annual cloud consumption, CoreStack empowers customers to achieve compliance, optimize costs, and accelerate innovation in multi-cloud environments.
About the Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in America, ranked according to percentage revenue growth over a three-year period. The 2025 Inc. 5000 list recognizes the most dynamic businesses in the U.S. that have demonstrated resilience, innovation, and growth in a competitive market. Learn more at https://www.inc.com/inc5000
About CoreStack
CoreStack is an AI-powered NextGen Cloud Governance and Security platform that enables enterprises to embrace the cloud with confidence, rapidly achieving continuous and autonomous governance at scale. CoreStack helps 750+ global enterprises govern more than $2B in annual cloud consumption. The company is a Microsoft Azure (Legacy) Gold Partner, Amazon AWS Technology Partner with Cloud Operations Competency, Oracle Cloud Build Partner, and Google Cloud Build Partner. For more information, visit https://www.corestack.io/.
