$POCI, a $50M Company Quietly Supplying Satellite Laser Networks, Defense Infrastructure, and the Optics of Modern Directed Energy Warfare

**What they do**

On the surface this is a niche medical tech company… one that makes tiny camera systems for surgical robots and endoscopes. That's exactly what most people still think it is today, but they’ve recently stepped into some really sexy sectors.

Precision Optics is an ITAR-registered, 100% US-domestic manufacturer of precision micro-optics. Things like lenses as small as 0.37mm and prisms as small as 0.10mm. To put that in context, 50 microns is the width of a human hair. POCI is aligning optical elements to within 5 microns , one tenth the width of a human hair, in all three dimensions simultaneously.

Think about that from a manufacturing standpoint. You can't hold a 0.10mm prism with tweezers. This is 30 years of workers highly trained to do something most of the industry won’t attempt.

In modern defense and aerospace, everything is getting smaller. Drones, satellite sensors, jet engine inspection cameras, laser terminals… all of those need optics that conventional manufacturers can’t make at the tolerances required. When size, weight, and power are everything, ( SWaP) , you go to whoever can make the smallest, most precise product. In the US, under ITAR, that's POCI.

**Numbers**

Q1 FY26 record revenue of $6.7M, up 46% year over year.
Q3 FY26 another record. $8.7M in a single quarter, up 108% year over year. Adjusted EBITDA went positive for the first time.
Aerospace segment specifically - revenue grew more than 800% year over year.

Backlog now exceeds $9 million. In March 2026 they raised $10M in an oversubscribed offering to scale capacity to meet order flow.
Full year FY26 guidance - revenue exceeding $25M with positive adjusted EBITDA.

A company with 800% aerospace revenue growth and a $9M backlog is trading at $50M market cap. Roughly 2x sales.

That's what happens when the market still thinks you're a boring medical device company.

**Vegas Presentation**

On June 17 2026, CEO Joseph Forkey presented at the Planet MicroCap Conference in Las Vegas.

He described their second major program. A large satellite company building a LEO constellation. POCI is making optomechanical assemblies for their inter-satellite laser terminals, the system that points a laser beam from one satellite to another that's hundreds or thousands of miles away in space.

That program alone is running at a $12 million annual run rate. He said it will run continuously. He said it will continue to grow. And then he explained something that I think is the most important part of the whole thesis, how LEO satellites only survive three to five years before they burn up on reentry.

The constellation has to be continuously replenished. This isn't a one-time order, it’s a permanent production line partnership for as long as the constellation exists.
And then he casually mentioned laser weapons, as the optics required for directed energy systems need very small, very precise lenses. The kind POCI makes. He said they're working with large defense contractors on exactly that.
I've been researching this company for weeks. That presentation was the moment I stopped second-guessing myself.

**Ross Optical**

In 2019 POCI acquired Ross Optical, based in El Paso, Texas. At the time it looked like a supply chain move. It's become something much more interesting.

Ross sits hours from SpaceX Starbase at Boca Chica. Same state as major Raytheon, L3Harris, and Lockheed Martin operations.
Ross fabricates micro prisms down to 0.10mm. They apply laser damage threshold coatings, the kind of coatings that let optical elements survive being hit by high-power laser beams without exploding. On fused silica, sapphire, germanium, and silicon substrates. All inhouse under one ITAR roof.

And what makes Ross particularly interesting from a business standpoint … when aerospace segment revenue grew 800% year over year, a large amount of that dropped straight to the bottom line. Management has been explicit about this… catalog orders at Ross don't require headcount increases. The coating chamber runs whether coating ten parts or a hundred. That's operating leverage people aren't modeling into Ross.

**Why it’s so cheap**

The market is anchored to the old story. Medical optics company. That was true for a long time and it shaped how people think about this stock.

But the manufacturing process that makes a surgical endoscope camera is the same as a satellite laser terminal assembly. Same cleanroom, ITAR etc .

The pivot from medical to defense isn't a reinvention, it's applying existing abilities to a highly profitable sector. Their medical segment is still a large revenue driver, with many huge partnerships.

**Patience and conviction, because I know volumes low.**

I watched $OCC go from $2.81 to $20.20 in twelve months. From 11k volume in 6/2025, to 1m in 6/2026. I built a thesis but didn't have the patience to hold it. Low volume. No coverage. Boring sector. My thesis was right. But i never pulled the trigger.

$POCI has low volume. No analyst coverage. A sector most people find boring until suddenly they don't. A CEO who just told a room of investors his company is supplying laser terminal assemblies for a major LEO constellation, entering the directed energy weapons supply chain, and generating 800% aerospace revenue growth… and the stock is still at $50M market cap.

Sometimes the best investments are hidden beneath the surface.

$POCI

NFA!