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Precision Optics Reports Fourth Quarter and Fiscal Year 2024 Financial Results

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Precision Optics (NASDAQ: POCI) reported its Q4 and fiscal year 2024 results. FY 2024 revenue was $19.1 million, down from $21.0 million in FY 2023, but exceeding the high-end guidance. Production revenue decreased 25% to $10.8 million, while engineering revenue increased 24% to a record $8.3 million. The company reported a net loss of $3.0 million compared to a $0.1 million loss in the previous year.

For Q4 FY2024, revenue was $4.7 million, down from $5.0 million in Q4 FY2023. The company received a $9 million production order for a high-volume single-use cystoscopy surgery program in May 2024. Despite facing the loss of several significant programs, Precision Optics backfilled a portion of the shortfall with record product development revenue. The company expects double-digit revenue growth for fiscal 2025, with significant increases beginning in Q2 FY2025.

Precision Optics (NASDAQ: POCI) ha riportato i risultati del quarto trimestre e dell'anno fiscale 2024. Il fatturato dell'anno fiscale 2024 è stato di 19,1 milioni di dollari, in calo rispetto ai 21,0 milioni di dollari dell'anno fiscale 2023, ma superiore alle previsioni più ottimistiche. Il fatturato da produzione è diminuito del 25% a 10,8 milioni di dollari, mentre il fatturato da ingegneria è aumentato del 24% raggiungendo un record di 8,3 milioni di dollari. L'azienda ha riportato una perdita netta di 3,0 milioni di dollari rispetto a una perdita di 0,1 milioni di dollari nell'anno precedente.

Per il quarto trimestre dell'anno fiscale 2024, il fatturato è stato di 4,7 milioni di dollari, in calo dai 5,0 milioni di dollari del quarto trimestre dell'anno fiscale 2023. L'azienda ha ricevuto un ordine di produzione da 9 milioni di dollari per un programma di chirurgia alla cistoscopia monouso ad alto volume nel maggio 2024. Nonostante la perdita di diversi programmi significativi, Precision Optics ha compensato parzialmente il calo con un fatturato record nello sviluppo di prodotti. L'azienda prevede una crescita del fatturato a doppia cifra per l'anno fiscale 2025, con significativi aumenti a partire dal secondo trimestre dell'anno fiscale 2025.

Precision Optics (NASDAQ: POCI) reportó sus resultados del cuarto trimestre y del año fiscal 2024. Los ingresos del año fiscal 2024 fueron de 19.1 millones de dólares, en comparación con 21.0 millones de dólares en el año fiscal 2023, pero superando las previsiones más optimistas. Los ingresos por producción disminuyeron un 25% hasta 10.8 millones de dólares, mientras que los ingresos por ingeniería aumentaron un 24% alcanzando un récord de 8.3 millones de dólares. La compañía reportó una pérdida neta de 3.0 millones de dólares en comparación con una pérdida de 0.1 millones de dólares en el año anterior.

Para el cuarto trimestre del año fiscal 2024, los ingresos fueron de 4.7 millones de dólares, en comparación con 5.0 millones de dólares en el cuarto trimestre del año fiscal 2023. La compañía recibió un pedido de producción de 9 millones de dólares para un programa de cirugía cistoscópica desechable de alto volumen en mayo de 2024. A pesar de enfrentar la pérdida de varios programas significativos, Precision Optics compensó parcialmente el déficit con ingresos récord en desarrollo de productos. La compañía espera un crecimiento de ingresos de dos dígitos para el año fiscal 2025, con incrementos significativos a partir del segundo trimestre del año fiscal 2025.

Precision Optics (NASDAQ: POCI)는 2024 회계연도 4분기 및 연간 실적을 보고했습니다. 2024 회계연도 매출은 1910만 달러로, 2023 회계연도 2100만 달러에서 감소했지만, 상한선 예상치를 초과했습니다. 제조 매출은 25% 감소하여 1080만 달러에 달했고, 엔지니어링 매출은 24% 증가하여 기록적인 830만 달러에 달했습니다. 회사는 300만 달러의 순손실을 기록했으며, 이는 전년도의 10만 달러 손실과 비교됩니다.

2024 회계연도 4분기 동안 매출은 470만 달러로, 2023 회계연도 4분기의 500만 달러에서 감소했습니다. 회사는 2024년 5월에 높은 양산 단일 사용 신장 내시경 수술 프로그램을 위한 900만 달러의 생산 주문을 받았습니다. 여러 중요한 프로그램의 손실에도 불구하고, Precision Optics는 제품 개발 매출에서 기록적인 성과로 일부 부족분을 메웠습니다. 회사는 2025 회계연도에 두 자릿수 매출 성장을 예상하고 있으며, 2025 회계연도 2분기부터 상당한 증가가 시작될 것으로 보입니다.

Precision Optics (NASDAQ: POCI) a annoncé ses résultats du quatrième trimestre et de l'exercice fiscal 2024. Le chiffre d'affaires pour l'exercice fiscal 2024 s'est élevé à 19,1 millions de dollars, en baisse par rapport à 21,0 millions de dollars lors de l'exercice fiscal 2023, mais dépassant les prévisions les plus optimistes. Le chiffre d'affaires de production a diminué de 25 % pour atteindre 10,8 millions de dollars, tandis que le chiffre d'affaires d'ingénierie a augmenté de 24 % pour atteindre un niveau record de 8,3 millions de dollars. L'entreprise a enregistré une perte nette de 3,0 millions de dollars, comparativement à une perte de 0,1 million de dollars l'année précédente.

Pour le quatrième trimestre de l'exercice 2024, le chiffre d'affaires s'est établi à 4,7 millions de dollars, en baisse par rapport à 5,0 millions de dollars lors du quatrième trimestre de l'exercice 2023. L'entreprise a reçu un ordre de production de 9 millions de dollars pour un programme de chirurgie de cystoscopie à usage unique à fort volume en mai 2024. Malgré la perte de plusieurs programmes significatifs, Precision Optics a compensé en partie le manque à gagner par des revenus record en développement de produits. L'entreprise prévoit une croissance à deux chiffres du chiffre d'affaires pour l'exercice 2025, avec des augmentations significatives débutant au deuxième trimestre de l'exercice 2025.

Precision Optics (NASDAQ: POCI) hat die Ergebnisse für das 4. Quartal und das Geschäftsjahr 2024 veröffentlicht. Der Umsatz für das Geschäftsjahr 2024 betrug 19,1 Millionen Dollar, ein Rückgang von 21,0 Millionen Dollar im Geschäftsjahr 2023, jedoch über der optimistischen Prognose. Der Produktionsumsatz sank um 25% auf 10,8 Millionen Dollar, während der Ingenieureumsatz um 24% auf einen Rekord von 8,3 Millionen Dollar anstieg. Das Unternehmen berichtete von einem Nettoverlust von 3,0 Millionen Dollar im Vergleich zu einem Verlust von 0,1 Millionen Dollar im Vorjahr.

Für das 4. Quartal des Geschäftsjahres 2024 betrug der Umsatz 4,7 Millionen Dollar, ein Rückgang von 5,0 Millionen Dollar im 4. Quartal des Geschäftsjahres 2023. Das Unternehmen erhielt im Mai 2024 einen Produktionsauftrag über 9 Millionen Dollar für ein hochvolumiges Einmal-Cystoskopie-Chirurgie-Programm. Trotz des Verlusts mehrerer wichtiger Programme konnte Precision Optics einen Teil des Rückgangs durch Rekordeinnahmen aus Produktentwicklungen ausgleichen. Das Unternehmen rechnet mit doppelzifferigem Umsatzwachstum für das Geschäftsjahr 2025, mit signifikanten Steigerungen ab dem 2. Quartal des Geschäftsjahres 2025.

Positive
  • Record engineering revenue of $8.3 million, up 24% year-over-year
  • Received a $9 million production order for a high-volume single-use cystoscopy surgery program
  • Expects double-digit revenue growth for fiscal 2025
  • Q4 FY2024 revenue of $4.7 million exceeded the high end of the guidance range
Negative
  • FY 2024 revenue decreased to $19.1 million from $21.0 million in FY 2023
  • Production revenue decreased by 25% compared to the previous fiscal year
  • Net loss increased to $3.0 million from $0.1 million in the previous year
  • Gross margin declined to 30.3% from 36.8% in the previous fiscal year
  • Q4 FY2024 gross margins decreased to 21.7% from 35.0% in the same quarter of the previous year

Insights

Precision Optics 's FY2024 results present a mixed picture. The company reported $19.1 million in revenue, exceeding their guidance but down from $21.0 million in the previous year. This 9.5% decrease is primarily due to a 25% drop in production revenue, partially offset by a record 24% increase in engineering revenue.

The company's gross margin contracted significantly from 36.8% to 30.3% and they reported a net loss of $3.0 million compared to a $0.1 million loss in the previous year. Adjusted EBITDA also turned negative at $(1.6) million.

However, there are positive signs for future growth:

  • A $9 million production order for a high-volume cystoscopy program
  • Transition of several programs from development to production phase
  • Expectation of double-digit revenue growth for FY2025

While the company faces short-term challenges, particularly in Q1 FY2025, management's outlook for the rest of the fiscal year is optimistic. Investors should monitor the company's ability to execute on its production ramp-up and maintain strong engineering revenue.

Precision Optics' focus on advanced optical instruments for medical and defense/aerospace industries positions them in high-potential markets. The 24% increase in engineering revenue to a record $8.3 million indicates strong demand for their design capabilities and potential for future production contracts.

The $9 million order for a high-volume single-use cystoscopy program is particularly noteworthy. This represents a significant opportunity in the growing market for minimally invasive surgical devices. Single-use scopes address critical issues of cross-contamination and reduce reprocessing costs for healthcare providers.

However, the company's challenges in ramping up production for new programs are concerning. These issues, while reportedly mostly resolved, highlight the complexities in transitioning from engineering to high-volume manufacturing in the medical device industry. The company's ability to efficiently scale production will be important for capitalizing on their engineering successes and improving financial performance in FY2025 and beyond.

Conference Call Scheduled for today, September 30, 2024, at 5:00pm ET.

GARDNER, Mass., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, announced operating results on an unaudited basis for its fourth quarter and fiscal year ended June 30, 2024.

FY 2024 Financial Highlights (Year Ended June 30, 2024):

  • Revenue was $19.1 million compared to $21.0 million in the previous fiscal year. Revenue of $19.1 million, exceeded the high end of the expected range announced on August 14, 2024 of $18.9 million.
  • Production revenue was $10.8 million, a decrease of 25% compared to the previous fiscal year.
  • Engineering revenue was a record $8.3 million, an increase of 24% compared to the previous fiscal year.
  • Gross margin was 30.3% compared to 36.8% in the previous fiscal year, which included a one-time sale of $600,000 in technology rights relating to a single-use medical device..
  • Net loss was ($3.0) million which compared to net loss of ($0.1) million in the previous year.
  • Adjusted EBITDA, defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation and other income, was $(1.6) million, compared to $0.5 million in the previous fiscal year.

Q4 FY2024 Financial Highlights (3 Months Ended June 30, 2024):

  • Revenue was $4.7 million compared to $5.0 million in the same quarter of the previous fiscal year. Revenue of $4.7 million exceeded the implied high end of the range we announced on August 14, 2024 of 4.5 million.
  • Engineering revenue was $1.9 million compared to $1.4 million in the same quarter of the previous fiscal year.
  • Production revenue was $2.8 million compared to $3.6 million in the same quarter of the previous fiscal year.
  • Gross margins were 21.7% compared to 35.0% in the same quarter of the previous year.
  • Net loss for the quarter was ($1.4) million, compared to $(0.1) million in the same quarter of the previous year.
  • Adjusted EBITDA was $(1.1) million for the quarter compared to $(0.4) million in the same quarter of the previous year.

Recent Additional Highlights:

  • In May 2024, the Company announced the receipt of a $9 million production order for a high volume single-use cystoscopy surgery program. The program began production shipments of product in July, 2024.
  • Subsequent to the end of the fiscal year, in August 2024 the Company announced a closing of a $1.4 million registered direct offering of common stock, which included participation from directors and officers.

Precision Optics' CEO, Joseph Forkey, commented, “Upon exiting fiscal 2023, we were facing the loss of several significant programs that would not be continuing in fiscal 2024, totaling more than $7 million in annualized revenue. Due to the strength of our engineering pipeline, we backfilled a significant portion of the shortfall with record levels of product development revenue coupled with new products entering production. Currently several programs are transitioning from the development phase to production, including the program associated with the $9 million purchase order we announced in May. We have now reached a new phase for the Company, with a sizeable and growing base of production programs and product development revenue continuing at the record levels we achieved last year.”

“As we look forward to fiscal 2025, we expect our first quarter revenue will be in the range of $4.2 to $4.4 million, relatively flat compared to the previous year’s first quarter. Revenue for the first quarter was impacted by certain challenges in the start-up and ramp of key production programs. However, these issues are mostly now resolved, and with the growth of production and ongoing strong product development sales, we expect double digit revenue growth for fiscal 2025 with significant increases in revenue beginning with the second quarter of fiscal 2025,” Dr. Forkey concluded.

The following table summarizes the fourth quarter (unaudited) and fiscal year to date results for the periods ended June 30, 2024, and 2023:

 Three Months Year
 Ended June 30 Ended June 30
 20242023 20242023
Revenues$4,716,226 $5,024,140 $19,104,350 $21,044,467 
      
Gross Profit 1,024,451  1,934,945   5,797,777  7,909,956 
      
Stock Compensation Expenses 210,393  139,686   959,784  884,066 
Other 2,170,410  2,407,733   7,562,326  7,664,437 
Total Operating Expenses 2,380,803  2,547,419   8,522,110  8,548,503 
      
Operating Income (Loss) (1,356,352) (612,475)  (2,724,333) (638,548)
      
Net Income (Loss) (1,411,106) (96,125)  (2,951,377) (144,613)
      
Income (Loss) per Share     
Basic & Fully Diluted$(0.23)$(0.02) $(0.49)$(0.03)
              
Weighted Average Common Shares Outstanding             
Basic & Fully Diluted 6,071,846  5,666,034   6,068,329  5,666,034 
              

Note: The Common Shares in this table reflect shares on a post reverse split basis for all periods presented.

Conference Call Details
Date and Time: Monday, September 30, at 5:00pm ET

Call-in Information: Interested parties can access the conference call by dialing (844) 735-3662 or (412) 317-5705.

Live Webcast Information: Interested parties can access the conference call via a live webcast, which is available at https://app.webinar.net/0Aa98ozwG53.

Replay: A teleconference replay of the call will be available until October 3, 2024, at (877) 344-7529 or (412) 317-0088, replay access code 7367981. A webcast replay will be available at https://app.webinar.net/0Aa98ozwG53.

About Precision Optics Corporation
Founded in 1982, Precision Optics is a vertically integrated optics company primarily focused on leveraging its proprietary micro-optics and 3D 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 for 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.

Non-GAAP Financial Measures

Precision Optics has provided in this press release financial information that has not been prepared in accordance with accounting principles generally accepted in the Unites States of America (“non-GAAP”). The non-GAAP financial measure is Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). Adjusted EBITDA also excludes from Net Income (Loss) the effect of stock-based compensation, restructuring and other acquisition-related items.

This non-GAAP financial measure assists Precision Optics management in comparing its operating performance over time because certain items may obscure the underlying business trends and make comparisons of long-term performance difficult, as they are of a nature and/or size that occur with inconsistent frequency or relate to discrete acquisition or restructuring plans that are fundamentally different from the ongoing productivity of the Company. Precision Optics management also believes that presenting this measure allows investors to view its performance using the same measures that the Company uses in evaluating its financial and business performance and trends.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information calculated in accordance with GAAP. Investors are encouraged to review the reconciliation of non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of the non-GAAP financial measure presented above to GAAP results has been provided in the financial tables included with this press release.

About Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that 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 performance 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 risk factors, including those risks discussed in the Company's annual report on Form 10-K and in other documents that we file from time to time with the SEC. 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

 
PRECISION OPTICS CORPORATION, INC.
Consolidated Balance Sheets at June 30, 2024 and 2023
       
  2024  2023 
ASSETS        
Current Assets:        
Cash and cash equivalents $405,278  $2,925,852 
Accounts receivable, net of allowance for credit losses of $118,872 at June 30, 2024 and $606,715 at June 30, 2023  3,545,491   3,907,407 
Inventories  2,868,100   2,776,216 
Prepaid expenses  299,364   249,681 
Total current assets  7,118,233   9,859,156 
         
Fixed Assets:        
Machinery and equipment  3,341,194   3,227,481 
Leasehold improvements  810,914   825,752 
Furniture and fixtures  416,425   242,865 
   4,568,533   4,296,098 
Less—Accumulated depreciation and amortization  4,074,960   3,862,578 
Net fixed assets  493,573   433,520 
         
Operating lease right-of-use asset  189,999   358,437 
Patents, net  286,559   265,111 
Goodwill  8,824,210   8,824,210 
         
TOTAL ASSETS $16,912,574  $19,740,434 
         
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Current Liabilities:        
Revolving line of credit $1,000,000  $- 
Current portion of capital lease obligation  41,113   43,209 
Current maturities of long-term debt  276,928   513,259 
Accounts payable  1,397,313   2,432,264 
Customer advances  1,172,350   1,174,690 
Accrued compensation and other  840,662   927,521 
Operating lease liability  178,450   168,677 
Total current liabilities  4,906,816   5,259,620 
         
Capital lease obligation, net of current portion  27,369   68,482 
Long-term debt, net of current maturities  1,899,052   2,175,980 
Operating lease liability, net of current portion  11,549   189,760 
         
Stockholders’ Equity:        
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding – 6,073,939 shares at June 30, 2024 and 6,066,518 shares at June 30, 2023  60,739   60,665 
Additional paid-in capital  61,197,433   60,224,934 
Accumulated deficit  (51,190,384)  (48,239,007)
Total stockholders’ equity  10,067,788   12,046,592 
         
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $16,912,574  $19,740,434 


 
PRECISION OPTICS CORPORATION, INC.
Consolidated Statements of Operations
for the Years Ended June 30, 2024 and 2023
 
  2024  2023 
       
Revenues $19,104,350  $21,044,467 
Cost of goods sold  13,306,573   13,310,331 
         
Gross profit  5,797,777   7,734,136 
         
Research and development expenses, net  981,781   992,375 
Selling, general and administrative expenses  7,540,329   7,380,309 
Total operating expenses  8,522,110   8,372,684 
         
Operating loss  (2,724,333)  (638,548)
         
Other income (expense)        
Interest expense  (225,108)  (218,927)
Gain on revaluation of contingent earn-out liability     714,798 
         
Loss before provision for income taxes  (2,949,441)  (142,677)
         
Provision for income taxes  1,936   1,936 
         
Net loss $(2,951,377) $(144,613)
         
Loss per share:        
Basic and fully diluted $(0.49) $(0.03)
         
Weighted average common shares outstanding:        
Basic and fully diluted  6,068,329   5,666,034 


 
PRECISION OPTICS CORPORATION, INC.
Consolidated Statements of Cash Flows
For the Years Ended June 30, 2024 and 2023
 
  2024  2023 
Cash Flows from Operating Activities:       
Net loss $(2,951,377) $(144,613)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities-       
Gain on revaluation of contingent earn-out liability  -   (705,892)
Depreciation and amortization  212,382   210,735 
Stock-based compensation expense  959,784   919,032 
Non-cash interest expense  17,504   4,087 
Changes in operating assets and liabilities:       
Accounts receivable, net  361,916   (1,243,535)
Inventories  (91,884)  245,931 
Prepaid expenses  (49,683)  (36,233)
Accounts payable  (1,034,951  193,089 
Customer advances  (2,340  269,577 
Accrued compensation and other  (104,363  206,732 
Net cash used in operating activities  (2,683,012)  (81,090)
        
Cash Flows from Investing Activities:       
Additional patent costs  (21,448)  (35,713)
Purchases of property and equipment  (272,435)  (16,784)
Net cash used in investing activities  (293,883)  (52,497)
        
Cash Flows from Financing Activities:       
Payment of capital lease obligations  (43,209)  (40,705)
Payments of long-term debt  (513,259)  (367,341)
Issuance of long-term debt  -   750,000 
Payment of debt issuance costs  -   (22,275)
Payment of acquisition earn-out liability  -   (166,667)
Borrowings on revolving line of credit  1,000,000     
Gross proceeds from private placements of common stock  -   2,288,281 
Gross proceeds from exercise of stock options  12,789   12,397 
Net cash provided by financing activities  456,321   2,453,690 
        
Net increase (decrease) in cash and cash equivalents  (2,520,574)  2,320,103 
Cash and cash equivalents, beginning of year  2,925,852   605,749 
        
Cash and cash equivalents, end of year $405,278  $2,925,852 
        
Supplemental disclosure of cash flow information:       
Cash paid during the year for income taxes $1,936  $1,936 
        


PRECISION OPTICS CORPORATION, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA
             
  Three Months Year
Ended June 30,Ended June 30,
  2024 2023 2024 2023
Net Income (loss) (GAAP) $(1,411,106) $(96,125) $(2,951,377) $(144,613)
             
Stock based compensation  210,393   149,242   959,784   919,032 
             
Depreciation and amortization  55,796   53,442   212,382   218,927 
             
State Income Taxes  1,936   1,936   1,936   1,936 
             
Revaluation of earn-out liability  -   (571,838)  -   (714,798)
             
Interest expense  52,818   53,552   225,108   210,735 
             
Adjusted EBITDA (non-GAAP) $(1,090,163) $(409,791) $(1,552,167) $491,219 
             

FAQ

What was Precision Optics' (POCI) revenue for fiscal year 2024?

Precision Optics (POCI) reported revenue of $19.1 million for fiscal year 2024, compared to $21.0 million in the previous fiscal year.

How did Precision Optics' (POCI) engineering revenue perform in fiscal year 2024?

Precision Optics (POCI) achieved record engineering revenue of $8.3 million in fiscal year 2024, representing a 24% increase compared to the previous fiscal year.

What was the net loss for Precision Optics (POCI) in fiscal year 2024?

Precision Optics (POCI) reported a net loss of $3.0 million for fiscal year 2024, compared to a net loss of $0.1 million in the previous year.

What is Precision Optics' (POCI) revenue guidance for Q1 fiscal year 2025?

Precision Optics (POCI) expects Q1 fiscal year 2025 revenue to be in the range of $4.2 to $4.4 million, relatively flat compared to the previous year's first quarter.

What significant order did Precision Optics (POCI) receive in May 2024?

In May 2024, Precision Optics (POCI) received a $9 million production order for a high-volume single-use cystoscopy surgery program.

Precision Optics Corporation, Inc.

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Medical Instruments & Supplies
Electromedical & Electrotherapeutic Apparatus
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United States of America
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