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Precision Optics Announces Product Development Agreement to Develop Custom High-End Borescope for Jet Engines
Globenewswire· 2025-11-11 14:00
GARDNER, Mass., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, today announced the receipt of a product development order to design and build a next generation borescope system to be used to inspect the inside of jet engines from a large aerospace and defense company. The system involves the development of a high-end, small-diameter borescope designed in ...
Precision Optics Reports Fourth Quarter and Fiscal Year 2025 Financial Results
Globenewswire· 2025-09-29 20:30
Core Insights - Precision Optics Corporation reported a record quarterly revenue of $6.2 million for Q4 2025, representing a 31% increase year-over-year, driven by strong demand from aerospace and surgical robotics sectors [6][7] - The company anticipates fiscal year 2026 revenue to exceed $25 million, indicating over 30% growth compared to fiscal year 2025 [6][8] - The appointment of Joseph Traut as the new Chief Operating Officer is expected to enhance operational efficiency and production capacity [9][10] Financial Highlights for Q4 2025 - Quarterly revenue reached $6.2 million, up from $4.7 million in Q4 2024, marking a growth of approximately 31% [6][7] - Production revenue was $5.1 million, a 54% increase from $2.8 million in the same quarter last year [7] - Gross margins decreased to 13.0% from 21.7% in the same quarter of the previous fiscal year [7] Financial Highlights for FY 2025 - Total revenue for FY 2025 was $19.1 million, consistent with the previous fiscal year [7][24] - Production revenue increased by 34% to $14.2 million compared to $10.6 million in FY 2024 [7] - The net loss for FY 2025 was $(5.8) million, compared to $(3.0) million in FY 2024 [7][24] FY 2026 Financial Guidance - The company projects FY 2026 revenue to exceed $25 million, representing a growth of approximately 31% over FY 2025 [6][8] - Expected gross margin for FY 2026 is approximately 30%, an improvement from 18% in FY 2025 [7][8] - Projected Adjusted EBITDA for FY 2026 is approximately $0.5 million, compared to $(3.7) million in FY 2025 [7][8] Operational Challenges and Improvements - Margins were impacted by production yields, staffing, and efficiency challenges, along with unexpected tariff costs [8] - The company has renegotiated pricing agreements to address yield shortfalls and anticipates improvements in gross margins throughout FY 2026 [8] - New product development initiatives are expected to enhance the utilization of engineering resources [8] Leadership Changes - Joseph Traut has been appointed as the new Chief Operating Officer, effective October 1, 2025, bringing extensive experience in operations management within the medical device sector [9][10] - The company expects Traut's expertise to contribute significantly to scaling operations and improving manufacturing efficiency [10]
首次开办智能光谱分会场:第十四届光谱网络会议(iCS2025)即将开幕
仪器信息网· 2025-06-30 08:35
Core Viewpoint - The article emphasizes the explosive growth of spectral data and the challenges traditional analysis methods face, highlighting the revolutionary solutions brought by artificial intelligence and machine learning in the field of intelligent spectroscopy, marking the beginning of a new era in this industry [1]. Group 1: Industry Trends - The rise of intelligent spectroscopy is not just a technological innovation but a powerful engine driving future development across various industries [1]. - The "14th Spectral Network Conference (iCS2025)" will take place from July 1-3, 2025, featuring six major sessions, including a new session on "New Advances in Intelligent Spectroscopy Technology and Applications" [1]. Group 2: Conference Details - The conference will include a variety of reports and discussions on the integration of AI with spectroscopy, industry upgrades, and the latest research findings [1]. - The conference schedule includes notable presentations from experts in the field, covering topics such as SERS technology, hyperspectral remote sensing, and applications in biomedicine and environmental monitoring [3][4]. Group 3: Participation Information - Participants must complete a registration process, with a review conducted the day before the conference to ensure completeness of the application [5][6]. - Upon approval, participants will receive a reminder and a link to join the conference on the day of the event [6].