Precision Optics Q1 revenue rises
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Precision Optics reported a 59% year-over-year increase in fiscal Q1 2026 revenue, reaching a record $6.7 million. Despite this growth, the company faced a net loss of $1.6 million and a decline in gross margins to 14.2%. The company projects FY 2026 revenue to exceed $25 million, with expected improvements in gross margins. Record production revenue was driven by demand from aerospace and surgical robotics sectors, while new agreements in AR systems and borescopes expand aerospace exposure.
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