Optical Works Corporation
How we got $2.2M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 6% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 9 | $3.1M |
| 2020 | Form 5500 | 7 | $2.4M |
| 2021 | Form 5500 | 7 | $2.4M |
| 2022 | Form 5500 | 8 | $2.7M |
| 2023 | Form 5500 | 8 | $2.7M |
| 2024 | Form 5500 | 7 | $2.4M |
| 2025 | Form 5500 | 6 | $2.0M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Some signs of a sale
- In business 38 years (since 1988)
From public records and the company's website, not a statement that it's for sale.
What they do
Optical Works Corporation is an optical manufacturing and products business offering traditional craftsmanship for the optical industry, with new or rebuilt optical fabricating equipment, parts, service and training.
From the company's website. Industry: Commercial and Service Industry Machinery Manufacturing.
Customers & suppliers
Customers
- Federal Prison Industries / Unicor · federal contracts $122K
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| OPTICAL WORKS CORPORATION this business | $4.0M | — |
| HOUSTON BROTHERS, INC. Broken Arrow · 2 employees | $919K | 23.2 mi |
| INDUSTRIAL ENTERPRISE, INC Chouteau · 4 employees | $1.8M | 31.2 mi |
| FENIX EQUIPMENT CO Tulsa · 4 employees | $1.9M | 33.7 mi |
| HEM INC Pryor · 160 employees | $75.9M | 36.0 mi |
| OKLAHOMA SHAMROCK SALES INC Tulsa · 15 employees | $5.9M | 36.8 mi |
| FLUID CONTROLS INC Tulsa · 13 employees | $5.1M | 37.2 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.5M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $563K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.2M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.2M – $3.0M |
| Revenue range | $2.7M – $4.6M |
| EBITDA range | $370K – $642K |
| Industry (NAICS) | Commercial and Service Industry Machinery Manufacturing (333314) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“OWC was founded in 1988 with the goal of providing excellent customer service and traditional craftsmanship to the optical industry.”
Advisors
- BankingArmstrong BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Armstrong Bank PPP 2020, PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $126K | 9 |
| 1/26/2021 | second | $105K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Optical Works Corporation
Optical Works Corporation is a family-owned commercial and service industry machinery manufacturing company in Muskogee, Oklahoma, in business since 1988. Its estimated annual revenue is about $4.0M, with roughly $563K of EBITDA. It has about 6 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.0M).
Common questions
- Who owns Optical Works Corporation?
- The owner of Optical Works Corporation isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Optical Works Corporation make?
- SeeBITDA estimates Optical Works Corporation's annual revenue at about $4.0M (likely between $2.7M and $4.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Optical Works Corporation worth?
- About $2.2M, roughly 3.9× its estimated EBITDA of $563K, typical for a commercial and service industry machinery manufacturing company its size. Likely range: $1.2M–$3.0M.
- How many employees does Optical Works Corporation have?
- About 6, from its 2025 retirement-plan filing.
- When was Optical Works Corporation founded?
- Optical Works Corporation has been in business since 1988.