Precision Optics Corporation Inc. (NASDAQ:POCI) shares jumped 23.69% to $5.69 in after-hours trading on Wednesday after posting third-quarter revenue of $8.7 million, more than double the $4.2 million reported in the same period a year ago.
Record Revenue
Precision’s gross margins swung to 23.6% from a near-flat 2.8% in the prior sequential quarter. Adjusted EBITDA turned positive at $0.3 million versus a loss of $1.3 million a year ago.
According to the Massachusetts-based company, production revenue hit $7.6 million, up 131% year-over-year.
CEO Joe Forkey said, “Our third quarter results were highlighted by revenue of $8.7 million, a new quarterly revenue record, and positive adjusted EBITDA, reflecting the continued strength of our core production programs and meaningful improvements in manufacturing performance.”
Raised FY2026 Guidance
Precision Optics raised its …