Precision Optics Corporation Inc

poci.com

What Do They Do?

Manufactures optical systems and assemblies, including endoscopes and medical cameras, for medical-device and defense/aerospace customers.

How Do They Make Money?

Customers buy manufactured systems and optical products when goods ship; engineering customers are invoiced for time and materials as services are provided and for project materials when received.

revenue

Segment	Share	How money arrives
Engineering Design Services Usage-based	11% FY2023: 32%	Usage-based
Systems Manufacturing Sold outright	72%	Sold outright
Micro Optics Lab Sold outright	1.7%	Sold outright
Ross Optical Industries Sold outright	16%	Sold outright

Who Are Their Customers?

Markets directly to established medical-device companies and seeks projects with emerging medical-device and defense/aerospace companies; it also supplies custom optical parts for medical, military, defense, and industrial uses.

Customers above 10% of revenue, FY2026

of revenue from two customers (41%, 27%)

FY2025: 42% from two customers

Do Revenues Turn Into Profits?

No. It lost $3.6M in FY2026.

Operating income, FY2026

−11% of revenue

▼ −37% (Loss) vs FY2025 (−$5.6M, −29%)

Net income, FY2026

−12% of revenue

▼ −37% (Loss) vs FY2025 (−$5.8M, −30%)

Free cash flow, FY2026

−6% of revenue

▼ −45% (Loss) vs FY2025 (−$3.6M, −19%)

How Are They Changing?

Growing. Revenue grew 2.0x in 4 years, from $15.7M in FY2022 to $31.5M in FY2026, about 19% a year.

Modular imaging platform The latest report describes Unity, a modular endoscope system with customization options, alongside the earlier focus on custom endoscopes and camera modules.

Revenue over time

Engineering Design Services Systems Manufacturing Micro Optics Lab Ross Optical Industries Optical Components Medical Device Products And Assemblies

$50M$25M$0

FY2022 FY2023 FY2024 FY2025 FY2026

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