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POCI on Nasdaq

PRECISION OPTICS CORPORATION, INC.

PRECISION OPTICS CORPORATION, INC. is an American electromedical and electrotherapeutic apparatus company.1 It is headquartered in Littleton, Massachusetts.1 Its shares trade on Nasdaq under the symbol POCI.1

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Last updated Oct 21, 2026.

Overview

$31.5MRevenue, fiscal 20262
-$3.6MNet income, fiscal 20262

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  • TickerPOCI on Nasdaq1
  • IndustryElectromedical & Electrotherapeutic Apparatus1
  • HeadquartersLittleton, Massachusetts1
  • Incorporated inMA3
  • Business address550 King Street,, Bldg. A, Ste. 100, Littleton, Ma 014603
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

17.2%Gross margin2
-11.1%Operating margin2
-11.5%Net margin2
65.2%Revenue growth, 20262
-17.8%Return on equity2
0.03×Debt to equity2
-$2.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Systems Manufacturing brought in 72% of the revenue PRECISION OPTICS CORPORATION, INC. broke down this way in fiscal 2026.

  1. Systems Manufacturing$22.6M272%up 173% from 2025
  2. Ross Optical Industries$4.9M216%up 32% from 2025
  3. Engineering Design Services$3.5M211%down 30% from 2025
  4. Micro Optics Lab$519.5K22%down 76% from 2025
Products and services by year
Products and services20252026
Systems Manufacturing$8.3M$22.6M
Ross Optical Industries$3.7M$4.9M
Engineering Design Services$4.9M$3.5M
Micro Optics Lab$2.1M$519.5K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue74¢$26.1M
  • Research and development3¢$1.0M
  • Selling, general and admin23¢$7.9M
  • Income tax0¢$5.0K

Out of $31.5M in revenue.2 The company lost money this year.

Financial statements

Revenue4567892$31.5M in 2026+363% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $6.8M$6.8M20192020: $9.9M$9.9M2020+46%2021: $10.7M$10.7M2021+8%2022: $15.7M$15.7M2022+47%2023: $21.0M$21.0M2023+34%2024: $19.1M$19.1M2024−9%2025: $19.1M$19.1M2025−0%2026: $31.5M$31.5M2026+65%
Gross profit4567892$5.4M in 2026+156% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $2.1M$2.1M20192020: $3.4M$3.4M2020+58%2021: $3.4M$3.4M2021+2%2022: $4.9M$4.9M2022+44%2023: $7.7M$7.7M2023+57%2024: $5.8M$5.8M2024−25%2025: $3.4M$3.4M2025−41%2026: $5.4M$5.4M2026+60%
Operating income4567892-$3.5M in 2026+473% since 2019
-$6.0M-$4.0M-$2.0M02019: -$612.5K-$612.5K20192020: -$1.4M-$1.4M2020+132%2021: -$905.6K-$905.6K2021−36%2022: -$1.5M-$1.5M2022+67%2023: -$638.5K-$638.5K2023−58%2024: -$2.7M-$2.7M2024+327%2025: -$5.6M-$5.6M2025+104%2026: -$3.5M-$3.5M2026−37%
Net income4567892-$3.6M in 2026+490% since 2019
-$6.0M-$4.0M-$2.0M02019: -$614.9K-$614.9K20192020: -$1.4M-$1.4M2020+132%2021: -$102.8K-$102.8K2021−93%2022: -$928.4K-$928.4K2022+803%2023: -$144.6K-$144.6K2023−84%2024: -$3.0M-$3.0M2024+1941%2025: -$5.8M-$5.8M2025+96%2026: -$3.6M-$3.6M2026−37%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-06-302025-06-30
Revenues$31.5M$19.1M
Cost of goods sold$26.1M$15.7M
Gross profit$5.4M$3.4M
Research and development expenses, net$1.0M$1.2M
Selling, general and administrative expenses$7.9M$7.8M
Total operating expenses$8.9M$9.0M
Operating loss-$3.5M-$5.6M
Interest expense-$148.1K-$227.0K
Interest income$31.8K$0
Loss before provision for income taxes-$3.6M-$5.8M
Provision for income taxes$5.0K$1.9K
Net loss-$3.6M-$5.8M
Loss per share: Basic-$0.43-$0.85
Loss per share: fully diluted-$0.43-$0.85
Weighted average common shares outstanding: Basic8.5M shares6.8M shares
Weighted average common shares outstanding: fully diluted8.5M shares6.8M shares

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Corporate structure

PRECISION OPTICS CORPORATION, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PRECISION OPTICS CORPORATION, INC.

  • NEEDHAM INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on PRECISION OPTICS CORPORATION, INC., latest May 14, 2026 (4 filings since May 17, 2024)
  • Norman H. Pessin Filed SCHEDULE 13D/A on PRECISION OPTICS CORPORATION, INC., latest Mar 31, 2026 (4 filings since Oct 6, 2021)
  • Richard E. Teller Filed SCHEDULE 13G/A on PRECISION OPTICS CORPORATION, INC., latest Nov 21, 2025 (2 filings since Nov 14, 2025)
  • Peter Anania V. Filed SC 13D on PRECISION OPTICS CORPORATION, INC., latest Apr 17, 2023
  • DOLPHIN OFFSHORE PARTNERS LP Filed SC 13D/A on PRECISION OPTICS CORPORATION, INC., latest Mar 20, 2023
  • PRECISION OPTICS CORPORATION, INC. Littleton, Massachusetts

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PRECISION OPTICS CORPORATION, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$3.4M2 Jun 30, 2026$3.4M2 Jun 30, 2025+0.7%
Furniture and fixtures$645.0K2 Jun 30, 2026$538.4K2 Jun 30, 2025+19.8%
Leasehold improvements$1.2M2 Jun 30, 2026$871.4K2 Jun 30, 2025+40.7%
Property and equipment, before depreciation$5.3M2 Jun 30, 2026$4.8M2 Jun 30, 2025+10.1%
Accumulated depreciation$4.4M2 Jun 30, 2026$4.3M2 Jun 30, 2025+3.1%
Property and equipment, net$887.7K2 Jun 30, 2026$533.8K2 Jun 30, 2025+66.3%
Operating-lease assets (leased space)$2.3M2 Jun 30, 2026$141.8K2 Jun 30, 2025+1522.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.8M2 Jun 30, 2026$1.8M2 Jun 30, 2025+454.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$8.8M2 Jun 30, 2026$8.8M2 Jun 30, 20250%
Finite-lived intangibles, net$212.9K2 Jun 30, 2026$232.5K2 Jun 30, 2025−8.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.8M2 Jun 30, 2026$3.6M2 Jun 30, 2025+7.5%
Work in process$570.4K2 Jun 30, 2026$598.7K2 Jun 30, 2025−4.7%
Finished goods$1.2M2 Jun 30, 2026$1.2M2 Jun 30, 2025+4.5%

Properties, in its own words

We conduct our domestic operations at three facilities in Gardner, Massachusetts, one facility in Littleton, Massachusetts, one facility in El Paso, Texas, and one facility in South Portland, Maine. The facilities in El Paso, Littleton and South Portland are leased from unrelated parties. The Company rents a manufacturing facility in Gardner, Massachusetts from Equity Assets, Inc. (“EAI”), an entity formerly owned by the Company’s founder Richard E. Forkey and then later owned by a trust controlled by his step-daughter, established for the benefit of the step-daughter and four siblings (including Joseph N. Forkey, who is Chief Executive Officer, President, Treasurer and a Director of the Company). The original lease for the principal facility in Gardner expired in 1999, and the Company has since been a tenant-at-will, paying rent to EAI of $9,000 per month for that facility. On July 19, 2023, the trust distributed the EAI shares equally among the five beneficiaries (20% each). Those shareholders then entered into a shareholder agreement under which all five were elected as directors of EAI and under which Joseph N. Forkey has been elected as president. The shareholder agreement provides that Dr. Forkey will be recused from any matters involving negotiations with the Company, including without limitation any lease negotiations. Dr. Forkey is not compensated by EAI for his services as president or a director, and his present 20% interest in rents being received from the Company is $21,600 per year.

On May 13, 2025, the Company entered into a First Lease Extension Agreement (the “Extension”) with Texzona Industries, Inc., pursuant to which the Company will continue to lease approximately 9,375 square feet of commercial space located at 1410 Gail Borden, El Paso, Texas. The term of Extension is for a period of 36 months commencing on June 1, 2025 and shall end on May 31, 2028. Base rent for each year of the term is $49,219, $50,695 and $52,216. In addition to base rent, the Company is responsible for taxes, insurance and common area maintenance (“CAM”). Beginning June 1, 2025, the total monthly rental payment including CAM is $6,601.

The rest of Item 2

On May 14, 2025, the Company entered into a Lease Agreement (the “Southborough Lease”) with 400 Southborough, LLC, pursuant to which the Company has leased approximately 8,750 square feet of commercial space located at 400 Southborough Drive, City of South Portland, County of Cumberland, Maine. The commencement date was August 1, 2025. The Southborough Lease provides the Company with two options to extend the term for additional five-year periods, exercisable with at least nine months’ prior written notice. Base rent for the initial term is abated for the first five months following the commencement date, after which the annual base rent payable is $131,250 (or $10,937.50 per month), with annual increases of 3%. Base rent for any extension term will be as agreed by the parties or, if not agreed, at 95% of the then-current fair market base rental rate for similar space in South Portland, as determined by appraisal, with annual increases of 3% during each extension term.

In addition to base rent, the Company is responsible for its proportionate share (19.34%) of Operating Expenses, as defined in the Lease. The Lease is structured as a triple net lease. The Company was entitled to a tenant improvement allowance of $25 per rentable square foot for fit-up costs and $0.15 per rentable square foot for architectural costs, to be disbursed as costs are incurred. The Landlord was responsible for completing certain improvements to the Premises prior to occupancy, including interior wall construction, loading area, and separate utility metering. The lease commencement date of the Southborough Lease was August 1, 2025.

On June 2, 2025, the Company entered into a Lease Agreement (the “Lease”) with 550 King Street, LLC (the “Landlord”), pursuant to which the Company has leased approximately 19,590 rentable square feet of commercial space located at 550 King Street, Building A, Suite 100, Littleton, Massachusetts (the “Premises”). The Lease provides for an initial term of seven (7.0) years, commencing upon substantial completion of tenant improvements and receipt of a certificate of occupancy (the “Term Commencement Date”). The Term Commencement Date was October 1, 2025.

The Lease includes two options to extend the term for additional five-year periods, exercisable with at least nine months’ prior written notice. Base rent for the initial term is abated for the first six months following the Term Commencement Date, after which base rent is payable as follows: The annual base rent for the first year of the lease is $361,435.50 (or $30,119.63 per month), and such annual base rent increases by three percent (3%) each lease year over the previous year’s annual base rent. In addition to base rent, the Company is responsible for its pro-rata share (7.22%) of real estate taxes and operating expenses, as further defined in the Lease. The Lease provides for the permitted use of the Premises for general office, laboratory, manufacturing, warehousing, showroom, and related legal uses. The Lease grants the Company a right of first offer on contiguous space that becomes available in the building during the lease term or any extension.

The extensions associated with the leases discussed above have been accounted with the assumption that they will not be extended.

Item 2 of the 10-K filed Sep 28, 2026.12

Leadership

Who has led PRECISION OPTICS CORPORATION, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard E. Forkey2006
  2. Joseph Norman Forkey2011–now

President

  1. Richard E. Forkey2006

Chief financial officer

  1. R. Michael Arbon2006
  2. Michael Thaddeus Pieniazek2006
  3. Jack P. Dreimiller2008–2016
  4. Donald Andrew Major2016–2018
  5. Daniel S. Habhegger2019–2022
  6. Edward Kevin Dahill2023
  7. Wayne M. Coll2023–now

Chief operating officer

  1. Mahesh Lawande2023–2025
  2. Joseph Traut2025–now
2010201520202025
Board members and other officers (17)

Former names

  • PRECISION OPTICS Corp INCNov 3, 2011 to Jul 16, 20143
  • PRECISION OPTICS CORPORATION INCNov 4, 1996 to Oct 25, 20113

Timeline

  1. Sep 28, 20268-K Results of operations39
  2. Mar 30, 20268-K Entered a material agreement; Unregistered sale of shares; Other events40
  3. Mar 20, 20268-K Shareholder vote41
  4. Oct 3, 20258-K Executive or director change42
  5. Jun 3, 20258-K Entered a material agreement43
  6. May 23, 20258-K Shareholder vote44
  7. May 20, 20258-K Entered a material agreement45
  8. May 19, 20258-K Entered a material agreement46
  9. Mar 20, 20258-K Executive or director change47
  10. Mar 4, 20258-K Executive or director change48
  11. Feb 20, 20258-K Entered a material agreement; Other events49
  12. Oct 1, 20248-K Results of operations50
  13. Oct 25, 2011New chief executive Joseph Norman Forkey becomes CEO13
  14. May 11, 2006New chief executive Richard E. Forkey becomes CEO14

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202651

When it reported results

  1. Sep 28, 2026Reported quarterly or annual results39
  2. Oct 1, 2024Reported quarterly or annual results50
  3. Aug 14, 2024Reported quarterly or annual results52
  4. Oct 20, 2022Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

186 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 28 major events, 74 insider forms, 12 large holders, 1 private raises, 48 other. The latest 20:

  1. Oct 6, 20264/A EDGAR
  2. Oct 2, 20264 EDGAR
  3. Sep 28, 20268-K CURRENT REPORT EDGAR
  4. Sep 28, 202610-K FORM 10-K FOR JUNE 2026 EDGAR
  5. Sep 24, 20264 EDGAR
  6. Sep 24, 20264 EDGAR
  7. Sep 24, 20264 EDGAR
  8. Aug 27, 20264 EDGAR
  9. Aug 27, 20263 EDGAR
  10. Aug 13, 20264 EDGAR
  11. May 14, 2026SCHEDULE 13G/A EDGAR
  12. May 13, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
  13. May 6, 20263 EDGAR
  14. Apr 6, 20263 EDGAR
  15. Apr 2, 20264 EDGAR
  16. Apr 1, 20264 EDGAR
  17. Apr 1, 20264 EDGAR
  18. Apr 1, 20264 EDGAR
  19. Mar 31, 2026SCHEDULE 13D/A EDGAR
  20. Mar 30, 20268-K EDGAR

The 186 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 9 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 30, 2026COLL WAYNE MChief Financial OfficerBuy20,833$3.60$75.0KForm 4
Mar 30, 2026TRAUT JOSEPHChief Operating OfficerBuy41,666$3.60$150.0KForm 4
Mar 30, 2026Forkey Joseph NormanChief Executive OfficerBuy1,388$3.60$5.0KForm 4
Nov 20, 2024Anania Peter V.DirectorSale14,400$5.00$72.0KForm 4
Aug 15, 2024Lawande MaheshChief Operating OfficerBuy1,726$9,993.54$17.2MForm 4
Aug 15, 2024COLL WAYNE MChief Financial OfficerBuy4,317$24,995.43$107.9MForm 4
Aug 15, 2024Forkey Joseph NormanChief Executive OfficerBuy1,725$9,987.75$17.2MForm 4
Nov 30, 2022Anania Peter V.DirectorBuy332$6.00$2.0KForm 4
Oct 31, 2022Pessin Brian L.10% ownerBuy79,300$1.91$151.5KForm 4
Oct 4, 2021DiRubio JeffreyVP of Sales and MarketingBuy12,500$1.60$20.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dr. Joseph N. Forkey$270.4K$1.1M59
2025Wayne M. Coll$301.6K$487.1K59
2025Mahesh Lawande$275.6K$424.0K59
2024Chief Financial OfficerSecretary$301.5K$301.5K59
2024Former Chief Operating Officer$275.6K$275.6K59
2024DirectorChief Executive Officer, President and Treasurer$251.0K$251.0K59

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.3M 2020–2023
Money received by yearMoney received by year, 2020–2023: $3.3M in all. Private raises (Form D) $2.5M; PPP loans $809.0K.$0$1M$2M$3M2020 · PPP loans: $809.0K2020202120222023 · Private raises (Form D): $2.5M2023
Figures by year
YearPrivate raises (Form D)PPP loansTotal
2023$2.5M–$2.5M
2020–$809.0K$809.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jun 20, 2023Raised $2.5 million in a private offering of equity60 Form D: 8 investors so far Form D

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA61. Matched to this company by name and state.

  1. Apr 28, 2020$809.0K PPP loan (first draw) from Bank of America, National Association61To PRECISION OPTICS CORPORATION INC, Gardner MA; $816.2K forgiven Mar 31, 2021

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 31. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Needham Investment Management LLC1,670,550$8.5M0.3%No change
Nantahala Capital Management, LLC560,000$2.9M0.1%+280,000
MYDA Advisors LLC375,000$1.9M0.5%−25,000
Vanguard Capital Management LLC325,751$1.7M0.0%+131,626
WealthTrust Axiom LLC260,458$1.3M0.3%+6,350
Morgan Stanley179,694$916.4K0.0%+35,900
HighTower Advisors, LLC124,343$634.1K0.0%+27,778
Geode Capital Management, LLC66,137$337.4K0.0%+155
Renaissance Technologies LLC54,100$275.9K0.0%New
Essex Investment Management Co LLC46,630$237.8K0.0%New
Stonepine Capital Management, LLC46,390$236.6K0.2%−53,610
Citadel Advisors LLC41,735$212.8K0.0%+18,500
Vanguard Fiduciary Trust Co38,747$197.6K0.0%+9,406
BlackRock, Inc.27,084$138.1K0.0%+10,979
Mesirow Financial Investment Management, Inc.23,364$119.2K0.0%−23,364
Jane Street Group, LLC21,374$109.0K0.0%New
XTX Topco Ltd16,215$82.7K0.0%+6,139
Northern Trust Corp14,633$74.6K0.0%−8,779
Legato Capital Management LLC11,005$56.1K0.0%New
Mercer Global Advisors Inc /adv10,000$51.0K0.0%New
Tower Research Capital LLC (TRC)1,877$9.6K0.0%+1,220
UBS Group AG387$2.0K0.0%−328
Barclays PLC46$2350.0%New
Fmr LLC37$1890.0%New
Front Row Advisors LLC26$1100.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PRECISION OPTICS CORPORATION, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPRECISION OPTICS CORPORATION, INC.1
  • CIK0000867840
  • Employer ID (EIN)04-279529412
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company12
  • Incorporated inMassachusetts12
  • Fiscal year endsJune 301
  • Industry code (SIC)3845 Electromedical & Electrotherapeutic Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address550 King Street,, Bldg. A, Ste. 100, Littleton, MA 014601
  • Phone978-630-18001
  • Shares outstanding10,972,792 shares as of Sep 20, 202612
  • Public float$25.6M as of Dec 31, 202512
  • AuditorStowe & Degon LLC, Westborough, Massachusetts PCAOB ID 577; no auditor attestation of internal control over financial reporting12
  • On EDGAR sinceSep 19, 19961
  • Filings801 in all: 4 (218), 8-K (136), 10-Q (54), 10QSB (36), 424B3 (33), SC 13D/A (33), 3 (28), CORRESP (24)1
    All 47 form types

    UPLOAD (23), 10-K (19), DEF 14A (18), SC 13G/A (16), EFFECT (15), S-1/A (15), S-1 (13), 10KSB (12), S-8 (12), SC 13D (10), SC 13G (10), D (9), PRE 14A (7), 10-K/A (6), S-3/A (6), S-3 (5), 424B5 (4), 8-K/A (4), 4/A (3), NT 10-K (3), REGDEX (3), SCHEDULE 13G/A (3), 10KSB/A (2), 3/A (2), DEFA14A (2), PX14A6G (2), SB-2 (2), SCHEDULE 13D/A (2), 10-Q/A (1), 10QSB/A (1), 144 (1), 8-A12B (1), ARS (1), CERT (1), DEFR14A (1), DEL AM (1), S-8 POS (1), SB-2/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Sep 28, 2026
    Quarterly report (10-Q) May 13, 2026
    Proxy statement (DEF 14A) Feb 2, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.01 par valuePOCINasdaq

From the cover page of the 10-K filed Sep 28, 2026 (Section 12(b) of the Exchange Act).12

Risk factors and legal proceedings

The risks PRECISION OPTICS CORPORATION, INC. names in Item 1A of its 10-K filed Sep 28, 2026: 32 risks under these headings, as written.12

  • Risks Related to Our Business
  • We have a history of losses; we may continue to incur losses and not achieve profitability in the near term; and we may need to raise additional funds.
  • We rely on a small number of customers who may not consistently purchase our products in the future and if we lose any one of these customers, our revenues may decline.
  • We could suffer unrecoverable losses on our customers’ accounts receivable, which would adversely affect our financial results.
  • We rely heavily upon the talents of our Chief Executive Officer and other senior officers, the loss of whom could damage our business.
  • We must continue to be able to attract and retain employees with the scientific and technical skills that our business requires and if we are unable to attract and retain such individuals, our business could be severely damaged.
  • We are subject to a high degree of regulatory oversight and, if we do not continue to receive the necessary regulatory approvals, our revenues may decline.
  • We face risks inherent in product development and production under fixed-price purchase orders and these purchase orders may not be profitable over time.
  • We perform engineering and manufacturing services for our customers who could decide to use another vendor for these services in the future.
  • We resell products we purchase from third parties and our customers could decide to use another supplier to acquire those products.
  • We depend on the availability of certain key supplies and services that are available from only a few sources and if we experience difficulty with a supplier, we may have difficulty finding alternative sources of these supplies or services.
  • Our customers may claim that the products we sold them were defective and if our insurance is not sufficient to cover such a claim, we would be liable for the excess.
The other 21 risks
  • We would be liable if our business operations harmed the environment and a failure to maintain compliance with environmental laws could severely damage our business.
  • Many of our competitors are large, well-financed companies who have research and marketing capabilities that are superior to ours.
  • Ross Optical is subject to tariffs and regulatory scrutiny, and it faces the risk of changes to this regulatory environment and business in the future.
  • Our business and financial performance may be adversely affected by cyber-attacks on information technology infrastructure and products, as well as changes in cybersecurity and if our information technology security systems were infiltrated and confidential and/or proprietary information were taken, we could be subject to fines, lawsuits and loss of customers.
  • Risks Related to Our Intellectual Property
  • Third parties may infringe on our intellectual property and, as a result, we could incur significant expense in protecting our patents or not have sufficient resources to protect them.
  • Third parties may claim that we have infringed on their patents and, as a result, we could be prohibited from using all or part of any technology used in our products.
  • We may be subject to claims that our employees have wrongfully used or disclosed alleged trade secrets of their former employers.
  • If we are not able to adequately prevent disclosure of trade secrets and other proprietary information, the value of our technology and products could be significantly diminished.
  • We will not be able to protect our intellectual property rights throughout the world.
  • Risks Related to our Stock
  • Trading in our common stock may be subject to substantial volatility.
  • Our quarterly financial results vary quarter to quarter and depend on many factors. As a result, we cannot predict with a high degree of certainty our operating results in any particular fiscal quarter.
  • We are contractually obligated to issue shares in the future, diluting your percentage interest in us.
  • Failure to maintain our internal control over our financial reporting could cause our financial reports to be inaccurate.
  • Failure to maintain our accounting systems and controls could impair our ability to comply with the financial reporting and internal controls requirements for publicly traded companies.
  • Certain provisions in our organizational documents could enable our board of directors to prevent or delay a change of control.
  • General Risk Factors
  • Your ownership may be diluted if additional capital stock is issued to raise capital, to finance acquisitions or in connection with strategic transactions.
  • Negative research about our business published by analysts or journalists could cause our stock price to decline. A lack of regularly published research about our business could cause trading volume or our stock price to decline.
  • Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.
  • We have no intention of declaring dividends in the foreseeable future.
  • Artificial intelligence presents risks and challenges that can impact our business, including by posing security risks to our confidential information, proprietary information and personal data.
  • Changes in U.S. Tariff Policy and Related Trade Actions Could Adversely Affect Our International Supply Chain, Costs, and Competitive Position

Legal proceedings

Our Company, on occasion, may become involved in legal matters arising in the ordinary course of our business, which could have a material adverse effect on our business, financial condition or results of operations. We are not currently aware of any pending or threatened litigation against us or our officers and directors in their capacity as such that could have a material impact on our operations or finances.

The opening of Item 3, Legal Proceedings.12

Sources

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