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 ...