Precision Optics Corporation, Inc
Precision Optics Corporation is a U.S.-based developer and manufacturer of advanced optical instruments and micro-optics for medical devices and defense/aerospace applications. Its operations combine custom optical design, engineering services, systems manufacturing, and optical components and assemblies through its POC, Ross Optical, and Lighthouse Imaging businesses.
Fiscal year 2026 · change from previous year
Development 2021–2026
Business
Share of revenueCustom optical and medical device design, prototyping, and process development for customer programs.
Manufacture and assembly of complex optical systems and subassemblies for medical and aerospace customers.
Sourcing, inspection, processing, and resale of custom and catalog optical components.
Micro-precision optics, lenses, and small-format imaging components for specialized applications.
Products
Reported · share of revenue- Systems Manufacturing71.8 %
- Ross Optical Industries15.6 %
- Engineering Design Services11.0 %
- Micro Optics Lab1.6 %
Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company sells primarily to medical device companies that outsource optical engineering and manufacturing for minimally invasive surgical products. It also serves defense and aerospace customers that need compact, high-precision optical systems, plus industrial buyers through Ross Optical. Many customers use Precision Optics as a development and manufacturing partner rather than a branded end-product supplier.
Buy endoscopes, imaging systems, and optical subassemblies for minimally invasive surgery programs.
Buy compact optical assemblies and micro-optics for mission-critical systems and communications.
Buy custom or catalog optical components through Ross Optical for specialized applications.
Buy engineering support and early-stage product development services to bring new devices to market.
Strategy
The company is focused on moving customer programs from engineering into manufacturing, where its optical design and production capabilities can be leveraged at scale. It is also building depth in systems manufacturing, micro-optics, and end-to-end medical visualization through Lighthouse Imaging, while maintaining Ross Optical as a sourcing and resale channel. The strategic logic is to win complex outsourced programs, then expand revenue as designs transition into production.
Production work better monetizes completed designs and uses existing manufacturing capabilities.
Integrated engineering and manufacturing can attract customers seeking single-source development.
Higher execution quality supports larger customer programs and more reliable delivery.
A wider pipeline reduces dependence on any one program and supports future transitions to production.
Geography
The company is headquartered in the United States and markets primarily to U.S.-based medical device customers, while also serving defense and aerospace programs. Its supply chain is global, with specialized optical components sourced from domestic and overseas suppliers, including exposure to tariff-sensitive imports. Manufacturing and engineering operations are centered in the U.S., including assets in Maine and Texas.
Risks
The business depends on a limited number of customer programs, so revenue can swing when projects end, delay, or move between development and production. It also faces supply-chain, tariff, regulatory, and cybersecurity risks because its products rely on specialized components, controlled defense-related activity, and sensitive customer data.
- Customer concentration and program timingImpact: HighLikelihood: High
Revenue depends on a small number of development and manufacturing programs that can end or delay unexpectedly.
Exposure: Engineering and systems manufacturing
- Tariffs and trade restrictionsImpact: HighLikelihood: Medium
The company sources specialized optical components globally, so tariffs can raise costs and disrupt supply.
Exposure: Ross Optical and custom manufacturing supply chain
- ITAR and export-control complianceImpact: HighLikelihood: Low
Defense-related optical products are subject to U.S. regulatory oversight and registration requirements.
Exposure: Ross Optical and defense/aerospace business
- Competitive pressureImpact: MediumLikelihood: High
Larger competitors may have greater capital, manufacturing scale, and sales resources.
Exposure: Medical device and defense/aerospace markets
- Cybersecurity and data protectionImpact: MediumLikelihood: Medium
The company handles proprietary designs and customer information, making breaches operationally and reputationally damaging.
Exposure
Accounting
Judgemental itemsEngineering, systems manufacturing, and resale activities may recognize revenue at different points in time, affecting comparability.
Impact: Quarterly mix can shift reported revenue and margins
Management explicitly identifies this as a critical estimate, affecting receivables valuation.
Impact: Bad-debt provisions can change reported earnings
Custom optical builds and specialized parts can become obsolete or slow-moving.
Impact: Write-downs can affect gross profit
Acquired businesses and related intangible assets require ongoing recoverability assessment.
Impact: Potential non-cash charges if expected cash flows weaken
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Last updated: 24/09/2026