Record Quarterly Revenue
Precision Optics reported record quarterly revenue of $6.7 million in Q1 fiscal 2026, representing a 46% increase compared to the same quarter a year ago after adjusting for tariff reimbursements.
Aerospace Program Growth
Revenue from the aerospace program reached $2.5 million, net of tariffs, marking an increase of more than 800% compared to a year ago, with a backlog of over $9 million.
Cystoscope Program Expansion
Revenue from the single-use cystoscope program was $1.5 million, net of tariff reimbursements, an 85% increase compared to the previous quarter and a 180% year-over-year increase.
New Product Development Agreements
Signed two new large development agreements for augmented reality systems for defense and a high-resolution borescope for jet engine inspection, totaling approximately $1.4 million.
Ross Optical Division Growth
Ross Optical division saw a 10% quarter-over-quarter revenue increase, indicating a potential recovery in the optical components market.