What happened
Precision Optics Corporation, Inc. (NASDAQ: POCI) said fiscal 2026 revenue reached a record $31.5 million for the year ended June 30, 2026. Quarterly revenue was a record $8.8 million, up from $6.2 million in the same quarter a year earlier and $8.7 million in the most recent sequential quarter. Production revenue was $28.1 million for the year and $8.0 million for the quarter.
Cash and cash equivalents were $9.8 million at June 30, 2026, up from $1.8 million a year earlier. The company said it received a $1.3 million follow-on production order from a large defense company and is still ramping a previously announced $3.5 million follow-on order for the single-use ophthalmic program.
It also recently announced an initial engineering order from a U.S. space technology company and appointed Peter Thier as Senior Vice President of Sales and Marketing.
Key numbers
| Metric | Latest | Change | Source |
|---|---|---|---|
| Fiscal 2026 revenue | $31.5 million | from $19.1 million, + $12.4 million | SEC 8-K |
| Production revenue | $28.1 million | from $14.2 million, + $13.9 million | SEC 8-K |
| Gross margin | 17.2% | from 17.8%, -0.6 percentage points | SEC 8-K |
| Net loss | $(3.6) million | from $(5.8) million, + $2.2 million | SEC 8-K |
| Adjusted EBITDA | $(2.1) million | from $(3.7) million, + $1.6 million | SEC 8-K |
| FY 2027 revenue guidance | in the range of $30 million to $33 million | SEC 8-K |
Why it matters
FY 2026 revenue increased by $12.4 million from $19.1 million, a jump of about 65%. Revenue was a fiscal year record at $31.5 million. Production revenue rose to $28.1 million from $14.2 million.
Gross margin was 17.2% for the year, down from 17.8%. The quarter showed 25.3% gross margin and positive Adjusted EBITDA of $0.4 million.
The company's case is that design wins must turn into higher-margin production before cash burn forces financing. This filing is mixed because fiscal 2027 revenue guidance is $30 million to $33 million, similar to fiscal 2026, and Adjusted EBITDA is expected to stay negative. The outlook reflects a pause in demand from the existing satellite customer. It also cites growth in single-use medical device programs, renewed defense production, additional programs moving into production and new engineering engagements.
What's next
Today's 5:00 p.m. ET conference call is next. The company said it expects a stronger second half as orders are expected to resume from the existing satellite customer.
That timing will matter for the revenue range and the negative Adjusted EBITDA outlook.
Sources
- SEC 8-K — Exhibit 99.1 press release and financial tables dated September 28, 2026.
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