Every 10-Q that Precision Optics Corporation, Inc. (POCI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow POCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full POCI filings page.
Precision Optics Corporation reported sharply higher results for the quarter ended March 31, 2026, driven by strong systems manufacturing demand and a recent equity raise. Quarterly revenue rose to $8.7 million from $4.2 million, while the net loss narrowed to $108,283 from $2.1 million. For the first nine months, revenue grew to $22.8 million from $12.9 million and the net loss improved to $3.5 million from $4.4 million. Gross margin increased to 23.6% in the quarter, helped by operating leverage and $224,544 of grant income, though full-year gross margin is lower due to earlier mix and ramp costs. The company strengthened its balance sheet with a March 2026 public offering that raised net proceeds of $10.6 million, boosting cash to $10.7 million and stockholders’ equity to $20.1 million. Management notes ongoing debt service coverage covenant waivers through fiscal 2025 and is discussing longer-term solutions with its lender while stating current liquidity is sufficient to repay outstanding term loans if required.
Precision Optics Corporation reported sharply higher sales but continued losses for the quarter and six months ended December 31, 2025. Quarterly revenue rose to $7.37 million from $4.53 million, and six-month revenue reached $14.05 million versus $8.72 million, driven mainly by strong Systems Manufacturing growth.
Profitability deteriorated significantly. Gross margin fell to 2.8% for the quarter and 8.2% year-to-date, with gross profit of only $0.20 million in the quarter. The company posted a quarterly net loss of $1.78 million and a six-month net loss of $3.42 million, larger than the prior-year losses.
Liquidity is tight. Cash and cash equivalents were $0.88 million at December 31, 2025, down from $1.77 million at June 30, 2025. Management states existing cash is insufficient to fund planned operations for at least one year from issuance of the statements and concludes there is substantial doubt about the company’s ability to continue as a going concern.
Precision Optics (POCI) filed its quarterly results for the period ended September 30, 2025. Revenue rose to $6.68 million from $4.20 million a year ago, driven by a near tripling in Systems Manufacturing sales as programs scaled. Despite higher sales, profitability weakened: gross margin fell to 14.2% from 26.6%, and net loss widened to $1.64 million (basic and diluted loss per share $0.21), matching the prior-year per‑share loss on a higher share count.
Engineering Design Services revenue decreased as work transitioned to production, Micro Optics was soft on delayed defense orders, and Ross Optical grew modestly. Operating cash flow was a small positive at $78,227, while cash ended at $1.39 million. Accounts payable and contract liabilities increased alongside activity. The company obtained lender waivers of its debt service coverage covenant for fiscal 2024 and 2025; as of September 30, 2025, it was not in compliance with the 1.20x quarterly test, and future advances under the revolver depend on meeting that covenant. Management states current plans, potential credit availability, and access to capital markets are expected to support at least 12 months of operations.