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IT News Online - Optex Systems Holdings, Inc Announces Fiscal Year 2020 Financial Highlights

Optex Systems Holdings, Inc. Announces Fiscal Year 2020 Financial Highlights ACCESSWIRE 2020-12-17 RICHARDSON, TX / ACCESSWIRE / December 17, 2020 / Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced financial highlights for its twelve month period ended September 27, 2020. Danny Schoening, CEO of Optex Systems Holdings, Inc., commented, The fourth quarter was a strong finish for Optex in our fiscal 2020. We were able to ship the majority of the volume against contracts which were long lead time items providing improved operating cash flow and decreasing our overall inventory. We enter 2021 with an extremely strong balance sheet and anticipate to add to our backlog as the new National Defense Spending Act is approved in the coming weeks. We believe the decrease in orders is simply a timing delay and not indicative to any long-term trends in the

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