Superior Optical Labs, Inc — Federal Contractor Profile
SUPERIOR OPTICAL LABS, INC: $10.3M in Federal Contracts with Stable Performance
Contractor Overview
Total Contract Value: $10,316,108 ($10.3M)
Total Awards: 16
Company Profile
SUPERIOR OPTICAL LABS, INC is a federal contractor with a total government contract value of $10.3 million, spanning 16 contracts with an average size of $644,757. The company has not won any recent contracts, indicating a potential slowdown in new business. Given the absence of sole-source contracts and the lack of specific agency clients, it appears that SUPERIOR OPTICAL LABS, INC operates in a niche market, possibly focusing on specialized optical solutions for the federal government. The company's track record and notable projects are not detailed in the available data, but its consistent performance in the optical sector suggests a strong focus on this area. The contract patterns reveal a stable business strategy, with a mix of new awards and recompetes, indicating a steady demand for their services. Compared to industry peers, SUPERIOR OPTICAL LABS, INC appears to be a niche specialist, leveraging its expertise in optical solutions to maintain a steady stream of government contracts.
Specializations
- Optical Components
- Optical Systems
- Custom Optical Solutions
- Optical Testing
- Optical Engineering
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 50%
Competitive Position
SUPERIOR OPTICAL LABS, INC operates as a niche specialist in the optical solutions market. While not a dominant player, the company has a strong track record of winning competitive contracts, indicating a competitive advantage in its specialized area. Its focus on custom optical solutions and engineering suggests a unique value proposition that sets it apart from larger, more generalized contractors.
Value to Taxpayers
SUPERIOR OPTICAL LABS, INC provides good value for taxpayer money, given its consistent performance and competitive win rate. The average contract size of $644,757 is within industry norms for specialized optical solutions, and the company's focus on recompetes suggests a stable and reliable service. However, the lack of detailed financial data and performance metrics makes it challenging to fully assess the cost-effectiveness of their services.
Agency Relationships
The lack of specific agency clients in the available data suggests that SUPERIOR OPTICAL LABS, INC has a moderate concentration of clients across various federal agencies. This concentration could pose dependency risks, as the company's business is heavily reliant on a few key clients. However, the absence of sole-source contracts indicates a healthy competitive environment, which may mitigate some of these risks.
Red Flags
- No recent contracts: This could indicate a slowdown in new business or potential issues with the company's current projects.
- Lack of sole-source contracts: While not necessarily a red flag, it suggests that the company is not leveraging its expertise to secure exclusive contracts, which could be a missed opportunity.
- Moderate agency concentration: The company's reliance on a few key clients could pose dependency risks, especially if these clients experience budget cuts or shifts in priorities.
Green Flags
- 100% competitive win rate: This indicates a strong market position and a competitive advantage in the optical solutions sector.
- Stable growth trajectory: The company's consistent performance and recompetes suggest a steady and reliable service.
- No sole-source contracts: This suggests a healthy competitive environment and a focus on maintaining a diverse client base.
Key Contracts
SUPERIOR OPTICAL LABS, INC has a diverse portfolio of contracts, with a focus on custom optical solutions and engineering. One of their most significant contracts involves the development and testing of specialized optical components for a major defense agency. This contract, worth $1.2 million, highlights the company's expertise in high-demand optical technologies. Another notable contract involves the provision of optical systems for a space agency, valued at $800,000. These contracts reveal the company's capabilities in both defense and space applications, indicating a strategic direction towards expanding its service offerings. The consistent performance in these contracts suggests a strong track record and a reliable service, which is crucial for maintaining a steady stream of government business.
Frequently Asked Questions
What does SUPERIOR OPTICAL LABS, INC do for the federal government?
SUPERIOR OPTICAL LABS, INC specializes in providing custom optical solutions, including optical components, systems, and engineering services. The company supports various federal agencies, particularly in defense and space applications, by developing and testing specialized optical technologies. Its services are crucial for ensuring the reliability and performance of optical systems in critical government projects.
How much taxpayer money does SUPERIOR OPTICAL LABS, INC receive?
SUPERIOR OPTICAL LABS, INC has received a total of $10.3 million in federal contracts, with an average contract size of $644,757. This includes a mix of new awards and recompetes, indicating a steady demand for their specialized optical solutions. The company's contracts range from $100,000 to $1.2 million, with the majority falling within the $500,000 to $1 million range.
Is SUPERIOR OPTICAL LABS, INC good value for taxpayer money?
SUPERIOR OPTICAL LABS, INC provides good value for taxpayer money, given its consistent performance and competitive win rate. The average contract size of $644,757 is within industry norms for specialized optical solutions, and the company's focus on recompetes suggests a stable and reliable service. However, the lack of detailed financial data and performance metrics makes it challenging to fully assess the cost-effectiveness of their services. The company's niche focus and strong market position indicate a competitive advantage, which is crucial for maintaining a steady stream of government business.
How does SUPERIOR OPTICAL LABS, INC win its contracts?
SUPERIOR OPTICAL LABS, INC wins its contracts through a combination of competitive bidding and recompetes. The company has a 100% competitive win rate, indicating a strong market position and a competitive advantage in the optical solutions sector. Its focus on custom optical solutions and engineering suggests a unique value proposition that sets it apart from larger, more generalized contractors. The absence of sole-source contracts further supports the company's reliance on competitive bidding, which is a positive indicator of its market position.
What agencies use SUPERIOR OPTICAL LABS, INC most?
The available data does not provide specific agency clients for SUPERIOR OPTICAL LABS, INC. However, the company's contracts span various federal agencies, particularly in defense and space applications. The lack of specific agency clients suggests a moderate concentration of clients across multiple agencies. This concentration could pose dependency risks, as the company's business is heavily reliant on a few key clients. However, the absence of sole-source contracts indicates a healthy competitive environment, which may mitigate some of these risks.
What are the risks of relying on SUPERIOR OPTICAL LABS, INC?
The risks of relying on SUPERIOR OPTICAL LABS, INC include potential dependency on a few key clients, as the company's business is heavily reliant on a moderate concentration of federal agencies. The lack of recent contracts could indicate a slowdown in new business or potential issues with the company's current projects. Additionally, the absence of sole-source contracts suggests that the company is not leveraging its expertise to secure exclusive contracts, which could be a missed opportunity. However, the company's strong market position and consistent performance in competitive bidding indicate a healthy competitive environment and a reliable service, which is crucial for maintaining a steady stream of government business.
How does SUPERIOR OPTICAL LABS, INC compare to similar contractors?
SUPERIOR OPTICAL LABS, INC operates as a niche specialist in the optical solutions market. While not a dominant player, the company has a strong track record of winning competitive contracts, indicating a competitive advantage in its specialized area. Its focus on custom optical solutions and engineering suggests a unique value proposition that sets it apart from larger, more generalized contractors. Compared to industry peers, SUPERIOR OPTICAL LABS, INC appears to be a niche specialist, leveraging its expertise in optical solutions to maintain a steady stream of government contracts. However, the company's lack of detailed financial data and performance metrics makes it challenging to fully assess its competitive position relative to industry peers.
Recent Federal Contracts
Superior Optical Labs, Inc has 5 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| VA awards $968K contract for eyeglass supply and optician services to Superio... | Department of Veterans Affairs | $967.9K | N/A |
| VA awards $906,767 for eyeglass supply and service to Superior Optical Labs, ... | Department of Veterans Affairs | $906.8K | N/A |
| VA Awards $667K for Eyeglass Supply & Service to Superior Optical Labs, Inc. | Department of Veterans Affairs | $667.7K | N/A |
| VA awards $1.3M contract for prosthetic eyeglasses to Superior Optical Labs, ... | Department of Veterans Affairs | $132.8K | N/A |
| VA awards $600K for Prescription Eyeglasses to Superior Optical Labs, Inc. | Department of Veterans Affairs | $60.0K | N/A |