Syntec Optics Gets $1.3 Million Datacom Microlens Array Orders

MT Newswires Live06-12

Syntec Optics (OPTX) said Tuesday it received $1.3 million orders for datacom microlens arrays in 2024 of which $500,000 has already been delivered.

Forecasted orders for the same product can push the demand to $3.2 million, according to the company.

Deliveries for these orders are planned in 2024 and early 2025, Syntec Optics added.

Price: 2.45, Change: +0.06, Percent Change: +2.51

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment