Precision Optics (PEYE) Q3 2024 Earnings Report

Precision Optics Corporation Inc (PEYE) reported QQ3 2024 results with modest topline growth but ongoing profitability challenges. Revenue for the quarter stood at $5.24 million, up 3.85% year-over-year and 4.35% quarter-over-quarter, while gross profit rose to $1.86 million and gross marginheld a solid 35.45%. Despite the revenue strength, the company posted an operating loss of $0.259 million and a net loss of $0.317 million, resulting in an EPS of −0.0522. EBITDA was negative at −$0.206 million, signaling limited operating leverage given fixed cost structure and ongoing R&D/SG&A investments. Cash burn persisted, with net cash provided by operating activities of −$0.214 million and free cash flow of −$0.325 million for QQ3 2024. The balance sheet remains liquidity-constrained and heavily weighted by goodwill, with cash of $0.93 million and total assets of $18.27 million; total liabilities were $7.01 million and net debt stood at approximately $2.09 million. The company’s current ratio of 1.64 and quick ratio of 1.05 indicate marginal liquidity headroom, but working capital dynamics show continued pressure from accounts receivable and other working capital items. Management commentary for the quarter is not contained in the provided transcript data; as a result, the executive summary cannot incorporate specific call-driven guidance or quotes.