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Precision Optics Corporation, Inc. (POCI)
:POCI
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.13Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: 3.38%
|Next Earnings Date:Sep 27, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress and strategic achievements with the launch of new single-use products, which is expected to drive future growth. However, the current financial performance was negatively impacted by production delays and increased costs, leading to a cautious outlook for immediate financial results but optimism for long-term growth.Company Guidance
During the Precision Optics earnings call for Q1 2025, CEO Dr. Joe Forkey and CFO Wayne Coll reported a revenue of $4.2 million, slightly down from $4.3 million in Q1 2023, with a gross margin decline from 34% to 27% year-over-year. The negative adjusted EBITDA was $1 million compared to $245,000 in the previous year, attributed to production delays and increased operating expenses, including $188,000 in R&D costs. Despite these setbacks, the company anticipates revenue recovery and a strengthened bottom line in upcoming quarters, driven by the resolution of production issues and the commencement of two single-use endoscope programs, projected to significantly contribute to long-term growth. The first program, related to a $9 million production order, is expected to generate $3.6 million in fiscal 2025, while the second program anticipates initial $340,000 orders to support inventory ramp-up. Additionally, the company forecasts that production revenue will grow from $6.6 million last year to over $10 million this year, with an expected gross margin recovery as manufacturing scales up.Single-Use Endoscope Production Milestone
Precision Optics announced their first production order for a single-use ophthalmic product, expected to begin production in January 2025, marking a significant milestone in their strategic investments in single-use endoscope technology.
Strong Market Positioning and Growth Potential
The company has a robust product development pipeline with 11 programs, expecting two to four to enter production in each of the next three years, driving significant growth.
First Quarter Revenue and Market Expansion
Despite a slight revenue decrease to $4.2 million from $4.3 million, Precision Optics highlighted the expected recovery and growth fueled by new production orders and strategic market positioning.
Successful Strategic Investments
Investments in single-use endoscope technology and partnerships, notably with OmniVision and the acquisition of Lighthouse Imaging, have started to pay off with improved image quality and cost-effective solutions.
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POCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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POCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $4.73 | $5.23 | +10.57% |
| Sep 30, 2024 | $5.58 | $5.19 | -6.99% |
| May 15, 2024 | $6.65 | $6.59 | -0.90% |
| Feb 14, 2024 | $6.05 | $6.01 | -0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Precision Optics Corporation, Inc. (POCI) report earnings?
Precision Optics Corporation, Inc. (POCI) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Precision Optics Corporation, Inc. (POCI) earnings time?
Precision Optics Corporation, Inc. (POCI) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is POCI EPS forecast?
Currently, no data Available
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