Strong Production Growth
Production increased by 42% from Q1 to Q2, driven by key programs in single-use cystoscope and defense aerospace.
Launch of Unity Imaging Platform
The Unity imaging platform was launched, aiming to accelerate the development and reduce risks in CMOS-based endoscopic systems.
Record Production Revenue Forecast
Forecasted revenue for Q4 is approximately $6 million, which would be a quarterly record for Precision Optics.
Strong Backlog and Future Demand
Substantial backlogs for major programs, indicating strong future demand and anticipated continued growth.
Defense and Aerospace Program Success
Successful defense aerospace program with a production capacity increase aiming for a $3 million to $4 million annual run rate.