Production Backlog Reaches 20-Year High
Precision Optics has the largest production backlog in over 20 years, indicating strong future demand and potential revenue growth.
Aerospace Program Growth
Production levels for the aerospace program increased from $300,000 in Q1 to $900,000 in Q3. The company doubled line capacity and expects further growth in Q4.
Launch and Positive Reception of Unity Platform
The Unity platform, launched in late January, has received a positive response with increased interest from potential customers, leading to a 15% increase in website traffic.
Secured Long-term Aerospace Contract
A new agreement with minimum annual purchase commitments of nearly $4 million for 2025 and 2026 provides predictability and visibility for production revenue.