Ironwood Precision Optics
Everything that has happened with this deal, newest first — the updates, calls and financials they've sent, and the money that's come back.
Events
52
on the record
Documents
15
13 read & summarised
Distributions
35
cash returned
Invested
$4.00M
2016-09-01
History
52 shown
2025
12-31
Tax document
Tax document
04-30
Exited
04-30
Ironwood Precision Optics sold to a strategic buyer at 2.85x
Significant
Capital statement
The sale to a listed optics group closed in April 2025; proceeds of $11.4M were received in full and the escrow was released after twelve months.
03-31
Ironwood launches a sale process
Significant
Update
5 figures
The board engaged a banker to run a sale process; first-round indications came from two strategic buyers. Revenue of $10.8M was in line with the $10.8M budget, up 5% on a year earlier. EBITDA of $1.97M (18% margin) was on plan.
03-21
Distribution $316K
01-13
Ironwood 2025 budget approved: revenue $43.9M
Financials
The board-approved 2025 budget plans revenue of $43.9M, 4% above 2024's actual revenue, and EBITDA of $8.34M, a 19% margin.
2024
12-31
Ironwood on plan in Q4 2024
Update
5 figures
Revenue of $10.8M was in line with the $10.7M budget, up 5% on a year earlier. EBITDA of $2.20M (20% margin) beat plan by 9%. Nothing in the package changes the full-year view.
12-21
Distribution $262K
09-30
Ironwood: Q3 2024 in line with budget
Update
5 figures
Revenue of $10.8M was in line with the $10.5M budget, up 11% on a year earlier. EBITDA of $1.99M (18% margin) was on plan. No changes to the team or the capital structure.
09-13
Distribution $240K
06-30
Ironwood on plan in Q2 2024
Update
5 figures
Revenue of $10.2M was in line with the $10.4M budget, up 1% on a year earlier. EBITDA of $1.76M (17% margin) was 11% short of plan. Nothing in the package changes the full-year view.
06-10
Distribution $313K
03-31
Ironwood: Q1 2024 in line with budget
Update
5 figures
Revenue of $10.3M was in line with the $10.3M budget, up 6% on a year earlier. EBITDA of $2.11M (20% margin) beat plan by 8%. No changes to the team or the capital structure.
03-24
Distribution $281K
Includes a one-off recapitalisation distribution.
01-20
Ironwood 2024 budget approved: revenue $41.9M
Financials
The board-approved 2024 budget plans revenue of $41.9M, 5% above 2023's actual revenue, and EBITDA of $7.95M, a 19% margin.
2023
12-31
Ironwood wins a defense optics program
Update
5 figures
A five-year program for targeting optics was awarded to the company as the second source. Revenue of $10.2M was in line with the $10.2M budget, up 4% on the prior quarter. EBITDA of $1.99M (20% margin) was on plan.
12-27
Distribution $228K
09-30
Ironwood on plan in Q3 2023
Update
5 figures
Revenue of $9.78M was in line with the $10.0M budget, down 2% on the prior quarter. EBITDA of $2.00M (20% margin) beat plan by 5%. Nothing in the package changes the full-year view.
09-20
Distribution $294K
Includes a one-off recapitalisation distribution.
06-30
Ironwood: Q2 2023 in line with budget
Update
5 figures
Revenue of $10.0M was in line with the $9.92M budget, up 3% on the prior quarter. EBITDA of $1.83M (18% margin) was on plan. No changes to the team or the capital structure.
06-10
Distribution $264K
03-31
Ironwood on plan in Q1 2023
Update
5 figures
Revenue of $9.71M was in line with the $9.80M budget. EBITDA of $1.73M (18% margin) was 7% short of plan. Nothing in the package changes the full-year view.
03-17
Distribution $364K
01-09
Ironwood 2023 budget approved: revenue $39.9M
Financials
The board-approved 2023 budget plans revenue of $39.9M, 5% above 2022's actual revenue, and EBITDA of $7.58M, a 19% margin.
2022
12-26
Distribution $437K
09-16
Distribution $359K
06-10
Distribution $454K
03-26
Distribution $224K
2021
12-21
Distribution $440K
09-18
Distribution $441K
Includes a one-off recapitalisation distribution.
06-11
Distribution $445K
03-13
Distribution $410K
2020
12-13
Distribution $323K
09-26
Distribution $248K
06-14
Distribution $270K
03-26
Distribution $252K
2019
12-27
Distribution $286K
09-11
Distribution $204K
06-27
Distribution $357K
03-13
Distribution $352K
Includes a one-off recapitalisation distribution.
2018
12-18
Distribution $393K
09-18
Distribution $262K
06-19
Distribution $283K
03-22
Distribution $230K
2017
12-19
Distribution $360K
09-25
Distribution $443K
Includes a one-off recapitalisation distribution.
06-24
Distribution $249K
03-16
Distribution $213K
2016
12-11
Distribution $444K
Includes a one-off recapitalisation distribution.
09-16
Distribution $213K
09-01
Invested $4.00M
Undated
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Legal document
Legal document
Every entry is a real record — click a filename to open the original in SharePoint. Documents in grey are on file but haven't been read yet, so they show as an event without a summary; run the extractor to fill them in. “Significant” marks an update that changes the investment case, as opposed to routine reporting.