Overview
Optical instruments maker's fiscal Q2 revenue rose 63% yr/yr to a record $7.4 mln
Company reported gross margins of 2.8%, down from 23.6% yr/yr
Net loss widened to $1.8 mln from $1.0 mln yr/yr
Outlook
Company projects FY 2026 revenue between $26 mln and $28 mln
Precision Optics expects FY 2026 Adjusted EBITDA of $(2.5) to $(3.0) mln
Company anticipates margin improvement in the second half of fiscal year
Result Drivers
PRODUCTION GROWTH - Record revenue driven by 105% year-over-year growth in production, particularly in aerospace and single-use cystoscope programs
MARGIN DECLINE - Gross margins fell to 2.8% due to inefficiencies in ramping production and infrastructure investments
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income | -$1.80 mln | ||
Q2 Adjusted EBITDA | -$1.50 mln | ||
Q2 Gross Margin | 2.80% |
Press Release: ID:nGNX9XphBg
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(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.)