PRECISION OPTICS CORPORATION Business Summary

Precision Optics Corporation (POCI) operates as a vertically integrated designer and manufacturer of high-performance micro-optics and digital imaging systems, primarily serving the medical robotics and defense/aerospace sectors. The company’s revenue model has recently pivoted from a reliance on engineering services to a high-volume production-led strategy, generating income through multi-year manufacturing agreements for proprietary components such as single-use cystoscopes and aerospace surveillance sub-assemblies. In the second quarter of fiscal 2026, POCI achieved record revenues of $7.4 million, with production revenue accounting for approximately 86% of the total, driven by its core surgical robotics and defense programs. The company competes in a specialized niche of extreme miniaturization against players such as Rochester Precision Optics, Syntec Optics, Edmund Optics, and Optim LLC, positioning itself as a high-complexity, low-to-mid volume partner for OEMs requiring sub-millimeter optical integration. The leadership team is led by Dr. Joseph N. Forkey, President and CEO, who holds a Ph.D. in Applied Physics from Princeton University and has spearheaded the company’s strategic shift toward medical imaging since 2011. In October 2025, the company strengthened its operational oversight by appointing Joseph Traut as Chief Operating Officer to manage the scaling of its manufacturing lines, while Wayne M. Coll serves as Chief Financial Officer, bringing over 30 years of experience in medical device financial management. The company was founded by Richard Forkey and is governed by a board chaired by Peter H. Woodward, a significant investor through MHW Capital Management. This executive core combines deep technical expertise in optical physics with specialized experience in scaling medical-grade manufacturing, supported by a seasoned board that includes industry veterans like Andrew Miclot and Joseph Pellegrino Jr.