OPTX is a micro-cap micro-cap supplier positioned to benefit from Anduril's $22B IVAS defense contract, with real earnings and potential exposure to a generational program.
OPTX makes polymer optics for Anduril's AR helmets; NDAA mandates domestic sourcing; real earnings ($28M revenue, 15.3% EBITDA); tiny free float ($20M) creates potential leverage.
The Anduril supply chain is worth paying attention to. $OPTX - Syntec Optics just announced participation in what they describe as "the largest effort of its kind to equip every U.S. soldier with superhuman perception and decision-making capabilities." That exact phrase appears in Anduril's EagleEye announcement. Anduril took the $22 Billion IVAS contract from Microsoft. Now building AR helmets fusing night vision, AI, and battlefield data for every soldier. $OPTX makes the polymer optics. Lighter than glass. Lower cost. High performance. They claim to be the largest independent manufacturer in the U.S. with full vertical integration. The numbers: $148M market cap ~$28M annualized revenue 5.3x P/S 15.3% EBITDA margin H1 2025 82% insider ownership ~$20M free float NDAA now mandates domestic sourcing for defense optics. China currently dominates polymer optics production globally. This is not a pre-revenue bet. It is a micro-cap component supplier with real earnings and potential exposure to a generational defense program.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +6.7% | +5.5% |
| 1 week | +38.3% | +35.7% |
| 1 month | +61.2% | +60.2% |
| 3 months | +150.6% | +146.0% |
| 6 months | +90.5% | +81.0% |