0001683168-26-001109
SEC filingPrecision 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.
Precision Optics Corporation, Inc. (POCI) reported Q2 2026 financials for the period ending December 31, 2025. Revenues reached $7.4M with cost of goods sold at $7.2M, yielding gross profit of $205K. Research and development expenses were $250K and selling, general, and administrative expenses $1.7M, totaling $1.9M in operating expenses. This resulted in an operating loss of -$1.7M. After $38K interest expense, net loss was -$1.8M, or -$0 per basic and fully diluted share based on 7.7M weighted average shares outstanding. Compared to June 30, 2025, shares outstanding increased from 7,714,701 to 7,720,229. Total assets stood at $22.9M with stockholders' equity at $9.3M. Cash position weakened to $881K from higher prior levels, reflecting quarterly cash usage.
Revenues for the quarter were $7.4M. No specific segment breakdown, geographic mix, or growth drivers are disclosed in the filing. Accounts receivable net was $4.9M at December 31, 2025, with allowance for credit losses at $99,258, up from $80,192 at June 30, 2025. Contract liabilities totaled $2.0M, indicating deferred revenue recognition.
Gross margin was 2.8% ($205K gross profit on $7.4M revenues), reflecting high cost of goods sold at 97.3% of revenue. Operating margin was -23.0% due to $1.9M operating expenses exceeding gross profit. No prior period margins provided for direct QoQ comparison. Stock-based compensation contributed $489K to expenses.
Net cash used in operating activities was -$178K, adjusted from -$1.8M net loss by $139K depreciation, $489K stock compensation, and working capital changes including $3.1M accounts payable increase and $702K inventory reduction. Investing activities used -$398K mainly for $401K fixed asset purchases. Financing used -$316K for debt and lease payments. Net cash decrease was -$892K, with ending cash at $881K versus $1.8M end-of-period note (likely beginning balance). Balance sheet shows $10.4M current assets, $10.0M current liabilities (including $6.0M payables), long-term debt $1.0M, total liabilities $13.6M.
No management guidance, strategic priorities, or specific risk factors are disclosed in the provided filing content.