Precision Optics Q3: Record Revenue, Positive EBITDA

Precision Optics Q3 results are scorching hot, with revenue surging to a record $8.7 million, more than doubling last years same quarter. The company finally turned a profit with $300,000 in adjusted EBITDA, thanks to their top aerospace program and single-use cystoscope, both hitting record sales with impressive yields. Manufacturing efficiency improved significantly under new COO Joe Traut, boosting gross margins to 24% from just 3%. The company also secured a $10 million public offering, bolstering their cash reserves to $10.7 million for scaling up. Investors are excited about the operational turnaround, as Precision Optics plays in high-growth markets like single-use endoscopes, defense aerospace, and satellite communications. Their Unity platform is accelerating development for these markets, with several pipeline programs set to launch next year. Precision Optics raised their full-year revenue guidance to $29-$31 million, with adjusted EBITDA loss narrowed to -$2.5-$2.7 million. The company is poised for an inflection point, leveraging fixed costs for profitability as volumes ramp up and new lines stabilize. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/65c987380f92dc1c