CORRECTED-Precision Optics Q1 revenue rises

Reuters11-14

CORRECTED-<a href="https://laohu8.com/S/PEYE">Precision Optics</a> Q1 revenue rises

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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