Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
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| Precision Optics Corporation, Inc.POCI · healthcare | |
|---|---|
| Grade |  Dfourth fifth of 371 graded peers; percentile 74.3, sampling error 2.5 points; lower is stronger |
| Rank | 276 of 371 |
| Profitability | Dpercentile 66.1 |
| Solvency | C/Dpercentile 57.8 |
| Growth and financing | Cpercentile 45.6 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $32.3M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution · fortress balance sheetnot computable: distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Sep 28, 202611 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.592026-10-08; market equity $50.4M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Sep 29, 2025; the document on sec.gov.
advanced optical instruments since 1982, and we operate primarily in two key market segments: medical devices and advanced defense/aerospace products. Within our proprietary optical and imaging technology, our unique custom designs, expert manufacturing capabilities, and advanced engineering and development capabilities have generated traditional endoscopes and endocouplers, digital imaging endoscopes using CMOS sensor technology, some designed and manufactured for single-use, as well as other, more advanced, custom imaging and illumination products for our customers’ use in minimally invasive surgical procedures.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 66.1 | |||||||
| Gross profitability | 16.8% | [1,7] | 32.2% | 68.5 | 372 | 2026-06-30 | |
| Return on invested capital | not computable | 9.3% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (8.0%) | [1,8-10] | (6.6%) | 48.8 | 811 | 2026-06-30 | |
| Gross margin stability, five years | 7.8 pts | [2,7,11-18] | 2.8 pts | 81.0 | 243 | 2026-06-30 | |
| Solvency, sleeve percentile 57.8 | |||||||
| Twelve-month failure probability | not computable | 0.07% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (2.77) | [1,19-24] | (0.31) | 48.3 | 756 | 2026-06-30 | |
| Net debt to EBITDA | not computable | 1.82x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | (4.51x) | |||||
| latest aligned inputs end 2025-06-30; latest annual assets end 2026-06-30 | |||||||
| Current ratio | 2.28x | [19-20] | 2.96x | 67.3 | 839 | 2026-06-30 | |
| Growth and financing, sleeve percentile 45.6 | |||||||
| Revenue growth, three-year compound | 14.4% | [2,12,14,16] | 10.0% | 40.1 | 415 | 2026-06-30 | |
| Free cash flow growth, three-year compound | not computable | 10.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 37.1% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | 17.9% | [1,10,25-26] | 2.1% | 23.0 | 704 | 2026-06-30 | |
| Net share issuance, one year | 42.2% | [3-4] | 2.5% | 73.8 | 634 | 2026-09-20 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.145; sampling error 2.5 percentile points on 371 peers.
Among 371 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 271 | Elanco Animal Health Inc. (ELAN) Elanco Animal Health Inc. (ELAN) Dfourth fifth; percentile 73.0 NYSE · Pharmaceutical Preparations market equity $11.3B; last close $22.53 No active warnings; 8 of 14 inputs | 73.0 | D | |
| 272 | ICU Medical Inc/De (ICUI) ICU Medical Inc/De (ICUI) Dfourth fifth; percentile 73.2 Nasdaq · Surgical & Medical Instruments & Apparatus market equity $3.9B; last close $157.16 No active warnings; 9 of 14 inputs | 73.2 | D | |
| 273 | Butterfly Network, Inc. (BFLY) Butterfly Network, Inc. (BFLY) Dfourth fifth; percentile 73.5 NYSE · X-Ray Apparatus & Tubes & Related Irradiation Apparatus last close $8.02 No active warnings; 7 of 14 inputs | 73.5 | D | |
| 274 | Vir Biotechnology, Inc. (VIR) Vir Biotechnology, Inc. (VIR) Dfourth fifth; percentile 73.8 Nasdaq · Biological Products, (No Diagnostic Substances) market equity $1.9B; last close $11.12 No active warnings; 9 of 14 inputs | 73.8 | D | |
| 275 | Viatris Inc. (VTRS) Viatris Inc. (VTRS) Dfourth fifth; percentile 74.1 Nasdaq · Pharmaceutical Preparations market equity $20.0B; last close $17.44 No active warnings; 10 of 14 inputs | 74.1 | D | |
| 276 | Precision Optics Corporation, Inc. (POCI) Precision Optics Corporation, Inc. (POCI) Dfourth fifth; percentile 74.3 Nasdaq · Electromedical & Electrotherapeutic Apparatus market equity $51.2M; last close $4.59 Warnings: dilution, fortress balance sheet; 8 of 14 inputs | 74.3 | D | dilution, fortress balance sheet |
| 277 | Retractable Technologies Inc. (RVP) Retractable Technologies Inc. (RVP) Dfourth fifth; percentile 74.6 NYSE · Surgical & Medical Instruments & Apparatus market equity $19.8M; last close $0.68 Warnings: fortress balance sheet; 8 of 14 inputs | 74.6 | D | fortress balance sheet |
| 278 | NutriBand Inc. (NTRB) NutriBand Inc. (NTRB) Dfourth fifth; percentile 75.0 Nasdaq · Orthopedic, Prosthetic & Surgical Appliances & Supplies last close $6.08 Warnings: fortress balance sheet; 7 of 14 inputs | 75.0 | D | fortress balance sheet |
| 279 | NutriBand Inc. (NTRBW) NutriBand Inc. (NTRBW) Dfourth fifth; percentile 75.0 Nasdaq · Orthopedic, Prosthetic & Surgical Appliances & Supplies last close $0.92 Warnings: fortress balance sheet; 7 of 14 inputs | 75.0 | D | fortress balance sheet |
| 280 | Teleflex Inc. (TFX) Teleflex Inc. (TFX) Dfourth fifth; percentile 75.4 NYSE · Surgical & Medical Instruments & Apparatus market equity $5.3B; last close $124.12 No active warnings; 10 of 14 inputs | 75.4 | D | |
| 281 | Standard Biotools Inc. (LAB) Standard Biotools Inc. (LAB) Dfourth fifth; percentile 75.7 Nasdaq · Pharmaceutical Preparations market equity $263.1M; last close $0.67 Warnings: late filer, fortress balance sheet; 7 of 14 inputs | 75.7 | D | late filer, fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 64.1 | 2204 |
| sector peers, equal sleeves (the grade) | D | 74.3 | 371 |
| same exchange, equal sleeves | D | 67.7 | 1219 |
| sector peers, equal inputs | D | 74.3 | 371 |
Each letter is one fifth of the 371 graded peers, about 74 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (1.1%) | 8.0% | 46 | hotter than 46 of 100 peers |
| Distance from 52-week high | (21.7%) | (31.4%) | 63 | closer to its high than 63 of 100 peers |
| EBIT to enterprise value | (8.2%) | (1.5%) | 35 | pricier than 65 of 100 peers |
| Free cash flow yield | (3.9%) | (1.0%) | 42 | pricier than 58 of 100 peers |
| Book value to price | 0.40 | 0.28 | 61 | pricier than 39 of 100 peers |
| Sales to price | 0.62 | 0.31 | 72 | pricier than 28 of 100 peers |
| Composite equity issuance, five years | not computable | 20.3% | five-year total-return history is required | |
| Relative strength against the sector, log excess return | (0.22) | (0.14) | 46 | ahead of 46 of 100 peers |
Inputs: market equity $51.2M; EBIT -$3.5M; free cash flow -$2.0M; book equity $20.3M; sales $31.5M; debt $1.3M; cash $9.8M[3].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | (18.3%) | ✗ fail[8,10] |
| Operating cash flow above zero | -$1.6M | ✗ fail[9] |
| Return on assets improved | 15.8 pts | ✓ pass[8,10,25,27] |
| Operating cash flow exceeds net income | $2.1M | ✓ pass[8-9] |
| Long-term leverage fell | (4.3 pts) | ✓ pass[1,10,25,28-29] |
| Current ratio improved | 64.3 pts | ✓ pass[19-20,30-31] |
| No new shares issued | 42.2% | ✗ fail[3-4] |
| Gross margin improved | (0.6 pts) | ✗ fail[2,7,11-12] |
| Asset turnover improved | 46.4 pts | ✓ pass[2,10,12,25] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $9.8M[5] |
| Operating cash flow, four quarters | -$1.6M[5,9,32-34] |
| Months of runway | 76.2 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 11 |
| 10-K received Sep 28, 2026 | |
| Median daily dollar volume | $170,397 |
| 63 sessions | |
| Days since newest grade input | 11 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $32.3M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $31.5M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 10,972,792 | 2026-09-20 | 2026-09-28 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 7,714,701 | 2025-09-20 | 2025-10-28 | 10-K/A | filing · viewer · series |
| 5 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $9.8M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $1.3M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $5.4M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 8 | net income | us-gaap:NetIncomeLoss | -$3.6M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 9 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.6M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 10 | assets | us-gaap:Assets | $19.8M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $3.4M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:Revenues | $19.1M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $5.8M | 2024-06-30 | 2025-09-29 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:Revenues | $19.1M | 2024-06-30 | 2025-09-29 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $7.7M | 2023-06-30 | 2024-09-30 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:Revenues | $21.0M | 2023-06-30 | 2024-09-30 | 10-K | filing · viewer · series |
| 17 | gross profit | us-gaap:GrossProfit | $4.9M | 2022-06-30 | 2023-09-28 | 10-K | filing · viewer · series |
| 18 | revenue | us-gaap:Revenues | $15.7M | 2022-06-30 | 2023-09-28 | 10-K | filing · viewer · series |
| 19 | current assets | us-gaap:AssetsCurrent | $20.1M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 20 | current liabilities | us-gaap:LiabilitiesCurrent | $8.8M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 21 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$60.6M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 22 | operating income | us-gaap:OperatingIncomeLoss | -$3.5M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 23 | book equity | us-gaap:StockholdersEquity | $20.3M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 24 | liabilities | us-gaap:Liabilities | $12.0M | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $16.9M | 2024-06-30 | 2025-09-29 | 10-K | filing · viewer · series |
| 26 | assets | us-gaap:Assets | $19.7M | 2023-06-30 | 2024-09-30 | 10-K | filing · viewer · series |
| 27 | net income | us-gaap:NetIncomeLoss | -$5.8M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 28 | long term debt | us-gaap:LongTermDebtNoncurrent | $711,305 | 2026-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 29 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.3M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 30 | current assets | us-gaap:AssetsCurrent | $10.1M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 31 | current liabilities | us-gaap:LiabilitiesCurrent | $6.2M | 2025-06-30 | 2026-09-28 | 10-K | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$901,110 | 2026-03-31 | 2026-05-13 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$177,852 | 2025-12-31 | 2026-02-17 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $78,227 | 2025-09-30 | 2025-11-13 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 74.3 is 5.7 points from the nearest band edge; sampling error is 2.5 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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