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Precision Optics Corporation Inc   (POCI)
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Price: $6.5595 $-0.03 -0.463%
Day's High: $6.5595 Week Perf: 0.45 %
Day's Low: $ 6.56 30 Day Perf: 15.69 %
Volume (M): 0 52 Wk High: $ 6.99
Volume (M$): $ 1 52 Wk Avg: $6.01
Open: $6.56 52 Wk Low: $5.12



 Market Capitalization (Millions $) 40
 Shares Outstanding (Millions) 6
 Employees -
 Revenues (TTM) (Millions $) 19
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Precision Optics Corporation Inc
Precision Optics Corporation Inc is a medical device company that specializes in the design, development, and manufacturing of advanced optical instruments and components. The company mainly focuses on delivering high-quality optical solutions for medical, defense, and industrial applications. With expertise in precision optics, the company provides innovative endoscopes, microscopes, and custom optical systems to meet the unique requirements of their customers. Precision Optics Corporation Inc strives to deliver cutting-edge technology, superior quality, and exceptional customer service to clients worldwide.


   Company Address: 22 East Broadway Gardner 1440 MA
   Company Phone Number: 630-1800   Stock Exchange / Ticker: NASDAQ POCI
   


   

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Precision Optics Corporation Inc

Precision Optics Corporation Inc Sees Record-Breaking $9 Million Production Order Impact Financial Performance2.



Precision Optics Corporation, Inc. (POC) has recently announced securing a record-breaking production order worth $9 million from a prominent surgical company for their high volume single-use cystoscopy surgery program. This groundbreaking order is set to positively impact POC's financial performance and future growth prospects. As a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, POC's expertise in micro-optics and digital imaging technologies has positioned them favorably to capitalize on the increasing demand for single-use applications.
Financial Performance Overview:
In the financial period ending March 31, 2024, POC reported a net loss per share of $-0.05, indicating a decline from the previous year's figure of $0.00. However, the company experienced a revenue increase of 3.853%, reaching $5.24 million compared to the same reporting period the previous year. Despite this positive revenue growth, POC fell short of the industry's top-line advance of 6.53% achieved during the similar period. In the previous financial reporting period, POC generated $4.82 million in revenue and recorded a net loss of $-0.13 per share.

Product Service News

Precision Optics Secures Record-Breaking $9 Million Production Order for High Volume Single-Use Cystoscopy Surgery Program

Published Thu, May 9 2024 1:00 PM UTC

Precision Optics Corporation, Inc. (POC) has secured a record-breaking production order worth $9 million from a leading surgical company for their high volume single-use cystoscopy surgery program. POC, a renowned designer and manufacturer of advanced optical instruments for the medical and defense industries, will supply single-use endoscope assemblies, leveraging their cut...

Financing Agreement

Precision Optics Solidifies Defense Industry Presence with $1.26 Million Follow-On Production Order

Published Thu, Apr 25 2024 1:00 PM UTC

Precision Optics Receives $1.26 Million Follow-On Production Order from Leading Defense Contractor
GARDNER, Mass., April 25, 2024 - Precision Optics Corporation, Inc. (NASDAQ: POCI), a renowned designer and manufacturer of advanced optical instruments catering to the medical and defense sectors, recently announced the procurement of a follow-on production order valued at...

Product Service News

Precision Optics Clinches $720,000 Top-Tier Defense Order, Reinforcing its Industry Dominance

Published Thu, Apr 18 2024 1:00 PM UTC

Precision Optics Corporation, Inc. (NASDAQ: POCI) announced recently that it has secured a significant order of $720,000. This comes from a top-tier defense and aerospace customer who tapped the company for a commercial application involving its proprietary manufacturing technology. This technology is particularly formulated for high precision micro-optics systems. This new ...

Precision Optics Corporation Inc

The Diminishing Returns Have Enlarged to -$0.13 at Precision Optics Corporation Inc During October to December 31, 2023 Financial Interval

The financial results for Precision Optics Corporation Inc for the October to December 31 2023 financial interval reveal a challenging period for the company. The company posted a loss per stock of $-0.13 per share, a significant decrease from $0.11 a year ago and $0.00 per share from the previous reporting period. The revenue also took a hit, receding by -18.051% to $4.82 million from $5.89 million in the same reporting period a year ago. However, there was a sequential revenue improvement of 11.641% from $4.32 million.
In the Medical Equipment & Supplies sector, there was an overall revenue improvement in the second quarter of 2024. Precision Optics Corporation Inc logged a net loss of $-0.759 million for the October to December 31 2023 financial interval, compared to 0 in the same reporting period a year before. The company also saw an increase in inventories, which rose to $3.1 million, higher than in the preceding quarter and the corresponding quarter a year ago. On the other hand, the level of accounts receivable declined to $3.5 million, potentially indicating slowing demand.






 

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