Precision Optics Corporation, Inc.

Precision Optics Corporation, Inc. (POCI) reported Q2 2026 results for the period ending December 31, 2025, with revenues of $7.4M, up slightly from prior periods based on available data. Gross profit was $205K after $7.2M cost of goods sold, reflecting a tight 2.8% gross margin. Operating expenses totaled $1.9M, including $250K R&D and $1.7M SG&A, driving an operating loss of -$1.7M. Interest expense of $38K contributed to a net loss of -$1.8M, or -$0 per share on 7.7M weighted average shares. Balance sheet shows total assets of $22.9M, with current assets at $10.4M including $881K cash and $4.9M receivables. Current liabilities stood at $10.0M, primarily $6.0M accounts payable and $2.0M contract liabilities, yielding stockholders' equity of $9.3M. Cash flow from operations used -$178K, investing -$398K, and financing -$316K, resulting in a $892K net decrease in cash to $881K. Compared to June 30, 2025, cash declined from implied higher levels, shares outstanding increased slightly to 7,720,229, and allowance for credit losses rose to $99,258. The quarter highlights ongoing operational challenges with low margins and cash burn, amid elevated working capital needs.

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