Precision Optics FY2026: Revenue Jumps 65% to $31.5M, Loss Narrows, Lender Replaces DSCR Covenant
POCI sits 34% above its 52-week low of $3.55 on elevated volume (2.2× avg).
Summary
Precision Optics reported FY2026 revenue of $31.5M (up 65%), a narrower net loss, and a new bank covenant structure that replaces the debt service coverage ratio with a $2M liquidity requirement. Q4 gross margin was 25.3% and FY2027 Adjusted EBITDA guidance is $(1.2)–$(1.7) million.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Q4 gross margin was 25.3% and FY2027 Adjusted EBITDA guidance is $(1.2)–$(1.7) million.
Key Events · Earnings and Guidance · POCI
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New · · SEC 8-K
Q4 Gross Margin and FY2027 Guidance
Q4 gross margin was 25.3% and FY2027 Adjusted EBITDA guidance is $(1.2)–$(1.7) million.
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Revenue Surges 65% to $31.5M
FY2026 revenue reached $31,531,765, up from $19,091,269. Systems Manufacturing grew 172.9% to $22.6M as the single-use cystoscope program transitioned from development to production.
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Net Loss Narrows to $3.63M
Net loss improved to $3,629,891 from $5,780,246. Gross profit rose to $5.43M, though gross margin dipped slightly to 17.2% from 17.8%.
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Lender Replaces DSCR Covenant
On September 25, 2026, Main Street Bank waived the missed 1.2x debt service coverage ratio covenant and replaced it with a $2.0M minimum liquidity covenant. Revolver access is $750K, expandable to $1.25M upon achieving a 1.2x DSCR.
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March 2026 Offering Raised $10.6M
A public offering of 3,194,444 shares at $3.60 per share closed March 30, 2026, generating net proceeds of $10,630,678. Cash and equivalents stood at $9.84M at June 30, 2026.
Analysis · POCI · Industrial Applications And Services
A transformative fiscal year for Precision Optics: revenue grew 65.2% to $31.5 million, driven by a 172.9% surge in Systems Manufacturing as its single-use cystoscope program moved from development to production. The net loss narrowed to $3.63 million from $5.78 million. A March 2026 public offering raised $10.6 million, lifting cash to $9.8 million. Critically, on September 25, 2026, Main Street Bank waived the missed debt service coverage ratio covenant and replaced it with a $2.0 million minimum liquidity covenant — removing a recurring compliance overhang. The main risk is customer concentration: one customer now accounts for 41% of revenue, up from 22% a year earlier. Q4 gross margin was 25.3% and FY2027 Adjusted EBITDA guidance is $(1.2)–$(1.7) million.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 29.2% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, POCI was trading at $4.74 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $49.5M. The 52-week trading range was $3.55 to $6.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.