Precision Optics reported record fiscal fourth-quarter revenue of $8.8 million and fiscal-year revenue of $31.5 million, up approximately 42% and 65%, respectively. Production revenue doubled for the year to $28.1 million, while quarterly gross margin increased to 25.3% as manufacturing efficiency and yields improved. Quarterly Adjusted EBITDA turned positive at $355,000, and the full-year loss narrowed to $3.6 million, or $0.43 per share. The company ended the year with $9.8 million in cash and approximately $1.3 million in bank debt. Fiscal 2027 revenue guidance of $30 million to $33 million reflects an anticipated 40% first-quarter revenue decline from an existing satellite customer and a further reduction in the second quarter, partly offset by medical, defense and new satellite programs. Adjusted EBITDA is expected to remain negative at $1.2 million to $1.7 million, with quarterly profitability returning by year-end.