Precision Optics Q1 revenue rises

Precision Optics

13/11/2025 21:42

Corrects revenue figure in Key Details to $6.7 mln from $2.5 mln

Overview

Precision Optics fiscal Q1 2026 revenue grows 59% yr/yr to a record $6.7 mln

Company reports fiscal Q1 net loss of $1.6 mln, wider than last year

Gross margins decline to 14.2% from 26.6% due to lower engineering revenue

Outlook

Company projects FY 2026 revenue to exceed $25 mln, a 31% growth over FY 2025

Precision Optics expects FY 2026 Adjusted EBITDA to be approximately $0.5 mln

Company anticipates gross margin improvements in subsequent quarters

Result Drivers

PRODUCTION REVENUE - Record production revenue growth driven by demand from aerospace and surgical robotics customers

GROSS MARGIN DECLINE - Decline attributed to lower engineering revenue and underutilization of resources

NEW DEVELOPMENT AGREEMENTS - Secured agreements for AR system sub-assemblies and high-resolution borescope, expanding aerospace exposure

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$6.7 mln


Press Release: ID:nGNX2T774r

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)