Q1 2026 Precision Optics Corporation Inc Earnings Call Transcript

Nov 13, 2025 / 10:00 PM GMT

Release Date Price: $4.83 (-2.03%)

Transcript 10-Q

Key Points

Positve

Precision Optics Corp Inc (POCI) reported record quarterly revenue of $6.7 million, marking a 46% increase compared to the same quarter a year ago.
The company has successfully negotiated agreements with key customers to reimburse tariffs, which positively impacts gross margins.
POCI's aerospace program achieved a revenue increase of more than 800% year-over-year, with a backlog of over $9 million.
The company signed two new large development agreements, expanding its exposure to the aerospace and defense industry.
POCI expects fiscal year 2026 revenue to exceed $25 million, with approximately $500,000 of positive adjusted EBITDA despite a first-quarter loss.

Negative

Gross margins were 14.4%, down from 26.6% in the first quarter of the previous year, due to under absorption of engineering resources and delays in defense orders.
The company experienced challenges in ramping up production operations, impacting gross margins and requiring infrastructure and process changes.
Product development revenue was limited in the first quarter, with a significant drop to $656,000, the lowest in many years.
There was a delay in receiving a large defense customer's reorder for the micro optics division, impacting revenue and margin.
The company incurred $184,000 in employee severance and increased stock-based compensation, contributing to higher SG&A expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

POCI.OQ - Precision Optics Corporation Inc
Q1 2026 Precision Optics Corporation Inc Earnings Call
Nov 13, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the Precision optics Q126 earnings event.

All participants will be in a listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation there will be an opportunity to ask questions. To ask a question you may press and then 1 on your touchstone telephones to withdraw your questions you may press and 2.

Please also note today's event is being recorded.

At this time I'd like to turn the floor over to Robert Bloom with Litham Partners. Sir, please.

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Unidentified_2

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