Precision Optics Reports Second Quarter Fiscal Year 2026 Financial Results

Core Viewpoint - Precision Optics Corporation reported record revenue of $7.4 million for Q2 FY 2026, reflecting a 63% increase year-over-year, driven by strong demand in its core production programs and significant growth in its aerospace and single-use cystoscope programs [3][6]. Financial Highlights - Q2 FY 2026 revenues reached $7,369,837, compared to $4,526,907 in Q2 FY 2025, marking a 63% increase [5][6]. - Production revenue was $6.4 million, a 105% increase from $3.1 million in the same quarter of the previous fiscal year [6]. - Engineering revenue decreased to $1.0 million from $1.4 million year-over-year, a decline of 29% [6]. - Gross profit for Q2 FY 2026 was $204,660, with gross margins at 2.8%, down from 23.6% in the same quarter of the previous fiscal year [6][7]. - The net loss for the quarter was $(1.8) million, compared to $(1.0) million in Q2 FY 2025 [6][7]. Future Guidance - The company projects FY 2026 revenue to be between $26 million and $28 million, indicating a growth of 36% to 47% over FY 2025 [6]. - Adjusted EBITDA for FY 2026 is expected to be approximately $(2.5) to $(3.0) million, an improvement from $(3.7) million in FY 2025 [6]. Operational Insights - The company is investing in infrastructure to enhance production efficiency and is seeing operational improvements under new leadership [4]. - Product Development bookings have increased for three consecutive quarters, reaching their highest level in over a year [4]. - The Ross Optical division is entering Q3 with its strongest backlog in more than three years, positioning the company for profitable growth [4].