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Side-by-side financial comparison of GSI TECHNOLOGY INC (GSIT) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.
SYNTEC OPTICS HOLDINGS, INC. is the larger business by last-quarter revenue ($7.5M vs $6.1M, roughly 1.2× GSI TECHNOLOGY INC). SYNTEC OPTICS HOLDINGS, INC. runs the higher net margin — -4.6% vs -49.7%, a 45.1% gap on every dollar of revenue. On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs 2.5%). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-8.2M). Over the past eight quarters, SYNTEC OPTICS HOLDINGS, INC.'s revenue compounded faster (9.5% CAGR vs 8.6%).
Triad GSI is an American voting machine vendor based in Xenia, Ohio. Their main products are election-related computer hardware and software for counting ballots, as well as voter registration.
GSIT vs OPTX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $7.5M |
| Net Profit | $-3.0M | $-343.8K |
| Gross Margin | 52.7% | 23.6% |
| Operating Margin | -113.7% | 4.2% |
| Net Margin | -49.7% | -4.6% |
| Revenue YoY | 12.2% | 2.5% |
| Net Profit YoY | 25.0% | 77.7% |
| EPS (diluted) | $-0.09 | $-0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $6.1M | $7.5M | ||
| Q3 25 | $6.4M | $7.0M | ||
| Q2 25 | $6.3M | $6.6M | ||
| Q1 25 | $5.9M | $7.1M | ||
| Q4 24 | $5.4M | $7.3M | ||
| Q3 24 | $4.5M | $7.9M | ||
| Q2 24 | $4.7M | $7.0M | ||
| Q1 24 | $5.2M | $6.3M |
| Q4 25 | $-3.0M | $-343.8K | ||
| Q3 25 | $-3.2M | $-1.4M | ||
| Q2 25 | $-2.2M | $-343.9K | ||
| Q1 25 | $-2.2M | $323.7K | ||
| Q4 24 | $-4.0M | $-1.5M | ||
| Q3 24 | $-5.5M | $-13.3K | ||
| Q2 24 | $1.1M | $281.8K | ||
| Q1 24 | $-4.3M | $-1.2M |
| Q4 25 | 52.7% | 23.6% | ||
| Q3 25 | 54.8% | 12.3% | ||
| Q2 25 | 58.1% | 24.4% | ||
| Q1 25 | 56.1% | 32.7% | ||
| Q4 24 | 54.0% | 13.5% | ||
| Q3 24 | 38.6% | 23.3% | ||
| Q2 24 | 46.3% | 31.0% | ||
| Q1 24 | 51.6% | 11.3% |
| Q4 25 | -113.7% | 4.2% | ||
| Q3 25 | -49.5% | -17.5% | ||
| Q2 25 | -34.6% | -2.2% | ||
| Q1 25 | -38.7% | 7.5% | ||
| Q4 24 | -74.9% | -19.6% | ||
| Q3 24 | -122.7% | 1.4% | ||
| Q2 24 | 23.1% | 2.3% | ||
| Q1 24 | -87.6% | -22.5% |
| Q4 25 | -49.7% | -4.6% | ||
| Q3 25 | -49.4% | -20.6% | ||
| Q2 25 | -35.3% | -5.2% | ||
| Q1 25 | -37.9% | 4.6% | ||
| Q4 24 | -74.4% | -21.0% | ||
| Q3 24 | -120.0% | -0.2% | ||
| Q2 24 | 23.1% | 4.0% | ||
| Q1 24 | -83.9% | -19.3% |
| Q4 25 | $-0.09 | $-0.01 | ||
| Q3 25 | $-0.11 | $-0.04 | ||
| Q2 25 | $-0.08 | $-0.01 | ||
| Q1 25 | $-0.09 | $0.01 | ||
| Q4 24 | $-0.16 | $-0.05 | ||
| Q3 24 | $-0.21 | $0.00 | ||
| Q2 24 | $0.04 | $0.01 | ||
| Q1 24 | $-0.17 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $70.7M | — |
| Total DebtLower is stronger | — | $2.6M |
| Stockholders' EquityBook value | $83.6M | $9.5M |
| Total Assets | $98.5M | $24.3M |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.7M | — | ||
| Q3 25 | $25.3M | — | ||
| Q2 25 | $22.7M | — | ||
| Q1 25 | $13.4M | — | ||
| Q4 24 | $15.1M | — | ||
| Q3 24 | $18.4M | — | ||
| Q2 24 | $21.8M | — | ||
| Q1 24 | $14.4M | — |
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $3.1M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $83.6M | $9.5M | ||
| Q3 25 | $38.6M | $9.8M | ||
| Q2 25 | $37.4M | $11.0M | ||
| Q1 25 | $28.2M | $11.4M | ||
| Q4 24 | $29.9M | $11.0M | ||
| Q3 24 | $33.3M | $12.1M | ||
| Q2 24 | $38.0M | $12.1M | ||
| Q1 24 | $36.0M | $11.9M |
| Q4 25 | $98.5M | $24.3M | ||
| Q3 25 | $52.0M | $24.6M | ||
| Q2 25 | $50.5M | $25.3M | ||
| Q1 25 | $43.3M | $26.3M | ||
| Q4 24 | $44.1M | $26.0M | ||
| Q3 24 | $47.4M | $27.3M | ||
| Q2 24 | $52.3M | $25.8M | ||
| Q1 24 | $42.5M | $24.6M |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.9M | $-3.9K |
| Free Cash FlowOCF − Capex | $-8.2M | $-4.4K |
| FCF MarginFCF / Revenue | -134.4% | -0.1% |
| Capex IntensityCapex / Revenue | 4.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.5M | $28.3K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-3.9K | ||
| Q3 25 | $-887.0K | $535.3K | ||
| Q2 25 | $-1.7M | $-158.0K | ||
| Q1 25 | $-1.7M | $299.3K | ||
| Q4 24 | $-3.6M | $623.8K | ||
| Q3 24 | $-3.5M | $417.3K | ||
| Q2 24 | $-4.3M | $-1.7M | ||
| Q1 24 | $-7.1M | $-289.8K |
| Q4 25 | $-8.2M | $-4.4K | ||
| Q3 25 | $-906.0K | $496.3K | ||
| Q2 25 | $-1.7M | $-548.1K | ||
| Q1 25 | $-1.7M | $84.6K | ||
| Q4 24 | $-3.6M | $12.1K | ||
| Q3 24 | $-3.5M | $43.8K | ||
| Q2 24 | $-4.3M | $-1.9M | ||
| Q1 24 | $-7.2M | $-385.1K |
| Q4 25 | -134.4% | -0.1% | ||
| Q3 25 | -14.1% | 7.1% | ||
| Q2 25 | -27.6% | -8.4% | ||
| Q1 25 | -28.3% | 1.2% | ||
| Q4 24 | -66.1% | 0.2% | ||
| Q3 24 | -76.6% | 0.6% | ||
| Q2 24 | -92.0% | -26.5% | ||
| Q1 24 | -139.0% | -6.2% |
| Q4 25 | 4.9% | 0.0% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.3% | 5.9% | ||
| Q1 25 | 0.1% | 3.0% | ||
| Q4 24 | 0.1% | 8.4% | ||
| Q3 24 | 0.1% | 4.7% | ||
| Q2 24 | 0.7% | 2.3% | ||
| Q1 24 | 0.2% | 1.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.96× | -6.01× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GSIT
| Distribution | $5.6M | 92% |
| Other | $459.0K | 8% |
OPTX
Segment breakdown not available.
