Precision Optics Reports Fourth Quarter and Fiscal Year 2019 Financial Results
PRECISION OPTICS CORP NEW (PEYE)
NASDAQ:AMEX Investor Relations:
poci.com/about-us/investor.php
Company Research
Source: PR Newswire
GARDNER, Mass., Sept. 26, 2019 /PRNewswire/ -- Precision Optics Corporation, Inc. (OTCQB: PEYE), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced operating results on an unaudited basis for its fourth quarter and fiscal year ended June 30, 2019.Fourth quarter fiscal 2019 highlights:Revenue for the quarter (ended June 30, 2019) was $2.4 million compared to $1.5 million in the same quarter of the previous fiscal year, an increase of 63% driven primarily by an increase in production revenue for medical devices that incorporate the Company's Microprecision™ technology, as well as one month of contribution from Ross Optical. Ross Optical contributed $656,000 to Precision Optics' revenue during the month of June 2019. Production revenue was $912,000 in the quarter, an increase of 18% compared to $770,000 in the same quarter of the previous fiscal year. Gross margins of 36% in the quarter continued to improve sequentially f
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