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Precision Optics , Inc. (NASDAQ: POCI) has announced the receipt of a $720,000 follow-on production order from a top-tier defense/aerospace customer for a new optical application. This order adds to the initial $680,000 production order received in September 2023, and $517,000 in follow-on orders in November and December 2023, bringing the total production orders for this application to over $1.9 million. The company's innovative optical assembly has met high-performance requirements, leading to multiple follow-on orders expected to be delivered by August 2024. CEO Dr. Joe Forkey expressed confidence in strong revenue growth for fiscal year 2024 and anticipated continued order volumes for the next fiscal year and beyond, signaling expansion in the defense and aerospace market.
Precision Optics, Inc. (NASDAQ: POCI) ha annunciato il ricevimento di un ordine di produzione aggiuntivo del valore di 720.000 dollari da parte di un cliente di primo livello nel settore della difesa/aerospaziale per una nuova applicazione ottica. Questo ordine si aggiunge al primo ordine di produzione di 680.000 dollari ricevuto nel settembre 2023, e a ordini aggiuntivi per 517.000 dollari nei mesi di novembre e dicembre 2023, portando il totale degli ordini di produzione per questa applicazione a oltre 1,9 milioni di dollari. L'innovativo assemblaggio ottico dell'azienda ha soddisfatto requisiti di alte prestazioni, conducendo a numerosi ordini successivi che si prevede verranno consegnati entro agosto 2024. Il CEO Dr. Joe Forkey ha espresso fiducia in una forte crescita del fatturato per l'anno fiscale 2024 e prevede il mantenimento di un volume di ordini sostenuto per il prossimo anno fiscale e oltre, segnalando un'espansione nel mercato della difesa e aerospaziale.
Precision Optics, Inc. (NASDAQ: POCI) ha anunciado la recepción de un pedido de producción adicional de $720,000 de un cliente de primer nivel en defensa/aeroespacial para una nueva aplicación óptica. Este pedido se suma al pedido de producción inicial de $680,000 recibido en septiembre de 2023, y $517,000 en pedidos adicionales en noviembre y diciembre de 2023, llevando el total de pedidos de producción para esta aplicación a más de $1.9 millones. El ensamblaje óptico innovador de la compañía ha cumplido con los requisitos de alto rendimiento, resultando en múltiples pedidos adicionales que se espera sean entregados para agosto de 2024. El CEO Dr. Joe Forkey ha expresado confianza en un fuerte crecimiento de los ingresos para el año fiscal 2024 y anticipa que el volumen de pedidos continuará en el próximo año fiscal y más allá, señalando una expansión en el mercado de defensa y aeroespacial.
Precision Optics, Inc. (NASDAQ: POCI)는 최상위 방위/항공우주 고객으로부터 새로운 광학 응용 프로그램을 위한 72만 달러의 후속 생산 주문을 받았다고 발표했습니다. 이 주문은 2023년 9월에 받은 초기 68만 달러 생산 주문과 11월과 12월에 이어진 51만7천 달러의 후속 주문에 더해져 이 응용 프로그램에 대한 총 생산 주문액이 190만 달러를 넘어섰습니다. 회사의 혁신적인 광학 조립품은 높은 성능 요구 사항을 충족하여 2024년 8월까지 납품될 예정인 여러 후속 주문을 이끌어냈습니다. CEO 조 포키 박사는 2024 회계연도에 강력한 매출 성장을 확신하고 있으며, 다음 회계연도 및 그 이후에도 지속될 주문량을 예상하며, 방위 및 항공우주 시장의 확장을 시사했습니다.
Precision Optics, Inc. (NASDAQ: POCI) a annoncé la réception d'une commande de production supplémentaire de 720 000 dollars d'un client de premier plan dans le secteur de la défense/aérospatiale pour une nouvelle application optique. Cette commande s'ajoute à la commande de production initiale de 680 000 dollars reçue en septembre 2023, et à 517 000 dollars de commandes supplémentaires en novembre et décembre 2023, portant le total des commandes de production pour cette application à plus de 1,9 million de dollars. L'assemblage optique innovant de l'entreprise a répondu aux exigences de hautes performances, entraînant plusieurs commandes supplémentaires qui devraient être livrées d'ici août 2024. Le PDG, Dr. Joe Forkey, a exprimé sa confiance en une forte croissance des revenus pour l'exercice fiscal 2024 et anticipe une continuation du volume des commandes pour l'exercice suivant et au-delà, signalant une expansion sur le marché de la défense et de l'aérospatiale.
Precision Optics, Inc. (NASDAQ: POCI) hat den Eingang eines Folgeproduktionsauftrags über 720.000 Dollar von einem erstklassigen Kunden aus der Verteidigungs-/Luftfahrtbranche für eine neue optische Anwendung bekannt gegeben. Dieser Auftrag ergänzt den anfänglichen Produktionsauftrag über 680.000 Dollar, der im September 2023 erhalten wurde, sowie Folgeaufträge im Wert von 517.000 Dollar im November und Dezember 2023, womit die gesamten Produktionsaufträge für diese Anwendung auf über 1,9 Millionen Dollar ansteigen. Die innovative optische Baugruppe des Unternehmens hat hohe Leistungsanforderungen erfüllt, was zu mehreren Folgeaufträgen führte, die voraussichtlich bis August 2024 ausgeliefert werden. Der CEO Dr. Joe Forkey zeigte sich zuversichtlich in Bezug auf ein starkes Umsatzwachstum für das Geschäftsjahr 2024 und rechnet mit einer Fortsetzung des Auftragsvolumens für das nächste Geschäftsjahr und darüber hinaus, was auf eine Expansion im Verteidigungs- und Luftfahrtmarkt hindeutet.
Positive
Precision Optics received a $720,000 follow-on production order for a new optical application.
Total production orders for this application now exceed $1.9 million.
Orders are expected to be delivered by August 2024.
CEO Dr. Joe Forkey anticipates strong revenue growth for fiscal year 2024.
Continued order volumes are expected for the next fiscal year and beyond, indicating market expansion.
Negative
None.
GARDNER, Mass., April 18, 2024 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, today announced it has received a $720,000 follow on production order from a top tier defense/aerospace company addressing a commercial application that leverages the Company's proprietary manufacturing technology developed for high precision micro-optics systems.
The Company received an initial $680,000 production order as of September 2023, and $517,000 in follow on production orders in November and December 2023. With today’s announcement, total production orders for this leading-edge application now total more than $1.9 million. All orders currently received for this program are expected to be delivered by August 2024.
“Precision Optics continues to be at the forefront of innovation, helping yet another of the world’s leading defense and aerospace companies develop next generation solutions,” commented Dr. Joe Forkey, CEO of Precision Optics. “The optical assembly we developed for this program met the high-performance requirements necessary to support our customer’s product, leading to multiple follow-on orders that will be delivered in the near-term. This program, coupled with others for which we have recently received manufacturing orders, gives us confidence that we will see strong sequential revenue growth throughout the remainder of fiscal year 2024. Importantly, based on customer discussions, we anticipate continuing order volumes for the next fiscal year and beyond. We believe our success here bodes well for our continued expansion efforts in the defense and aerospace market.”
About Precision Optics Corporation Founded in 1982, Precision Optics is a vertically integrated optics company primarily focused on leveraging its proprietary micro-optics and imaging technologies to the healthcare and defense/aerospace industries by providing services ranging from new product concept through mass manufacture. Utilizing its leading-edge in-house design, prototype, regulatory and fabrication capabilities as well as its Lighthouse Imaging division's electronic imaging expertise and its Ross Optical division's high volume world-wide sourcing, inspecting and production resources, the Company designs and manufactures next-generation product solutions to the most challenging customer requirements. Within healthcare, Precision Optics enables next generation medical device companies around the world to meet the increasing demands of the surgical community who require more enhanced and smaller imaging systems for minimally invasive surgery, including single-use medical devices, as well as 3D endoscopy systems to support the rapid proliferation of surgical robotic systems. In addition to these next generation applications, Precision Optics has supplied top tier medical device companies with a wide variety of optical products for decades, including complex endocouplers and specialized endoscopes. The Company is also leveraging its technical proficiency in micro-optics to enable leading edge defense/aerospace applications which require the highest quality standards and the optimization of size, weight and power. For more information, please visit www.poci.com.
About Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include, but are not limited to, statements which express the Company's intentions, beliefs, expectations, strategies, predictions or any other statements related to the Company's future activities or future events or conditions. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by the Company's management. These statements are not guarantees of future performances and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement, except as required by law.
Company Contact: PRECISION OPTICS CORPORATION 22 East Broadway Gardner, Massachusetts 01440-3338 Telephone: 978-630-1800
Investor Contact: LYTHAM PARTNERS, LLC Robert Blum Telephone: 602-889-9700 poci@lythampartners.com
FAQ
What is the amount of the follow-on production order received by Precision Optics from the defense/aerospace customer?
Precision Optics received a $720,000 follow-on production order.
When are the orders for the new optical application expected to be delivered?
All orders for this program are expected to be delivered by August 2024.
Who is the CEO of Precision Optics?
Dr. Joe Forkey is the CEO of Precision Optics.
What is the total amount of production orders received for the new optical application?
The total production orders for this application now exceed $1.9 million.
What market does Precision Optics primarily serve?
Precision Optics primarily serves the medical and defense industries.
