Added to YB: 2026-02-13
Pitch date: 2026-02-11
OPTX [bearish]
Syntec Optics Holdings, Inc.
-0.8%
current return
Author Info
Fugazi Research exposes inflated valuations built on illusion — not substance. We dissect the narratives, trace the incentives, and reveal who’s really cashing in. In a market full of noise, we show what’s real behind the fugazi. Sign up for the newsletter.
Company Info
Syntec Optics Holdings, Inc. manufactures and supplies integrated optics and photonics components, sub-systems, and optical systems for defense, medical, and consumer end-markets worldwide.
Market Cap
$270.6M
Pitch Price
$6.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
692.85
P/E
-90.41
EV/Sales
10.09
Sector
Electronic Equipment, Instruments and Components
Category
N/A
$OPTX: Zooming in on a Capone Style De-SPAC Where the Boss Cashes in and Takes All
OPTX (short): CEO controls 80%+ of shares post-SPAC, can unlock 21M more at price thresholds. Cash plunged 72% to $600K, OCF -$900K vs +$2.8M prior yr, net loss -$2.6M vs +$1.5M profit. Sales down 3.4%, 3 customers = 47% revenue. Multiple Nasdaq non-compliance notices, covenant breaches requiring waivers, insider loans. Former CEO refused to sign 10-K citing governance failures & financial reporting concerns. Net negative liquidation value makes shares worthless.
Read full article (11 min)