Record Revenue Growth
Precision Optics Reports Record Fiscal Revenue Driven By Medical And Aerospace Growth
Anonymous
Precision Optics reported record fiscal 2026 revenue of $31.5 million, up about 65% from the prior year, and record fourth-quarter revenue of $8.8 million. Its full-year net loss narrowed to $3.6 million from $5.8 million, while quarterly Adjusted EBITDA turned positive at about $0.4 million; cash rose to $9.8 million. Growth was driven by increased manufacturing output, including aerospace, defense and single-use medical-device programs, alongside new orders and engineering engagements. The company forecasts fiscal 2027 revenue of $30 million to $33 million, roughly flat with fiscal 2026, citing a temporary pause in orders from a satellite customer while anticipating a second-half recovery; it expects Adjusted EBITDA to remain negative.
Key Points
1
Production revenue doubled year over year to $28.1 million for fiscal 2026, while gross margin was 17.2%, down from 17.8% a year earlier.
2
The company said its single-use cystoscope moved from development work into manufacturing, and Ross Optical sales increased 31.7%; resumed deliveries that customers had deferred also boosted order flow.
3
Precision Optics ramped production under a previously announced $3.5 million follow-on order for a single-use ophthalmic program and received a separate $1.3 million follow-on production order from a large defense customer.
4
The company secured initial engineering orders from a U.S. space technology company and a second satellite customer, and appointed Peter Thier as Senior Vice President of Sales and Marketing.
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