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PRECISION OPTICS ANNOUNCES RESULTS

 PRECISION OPTICS ANNOUNCES RESULTS
 GARDNER, Mass., Nov. 13 /PRNewswire/ -- Precision Optics


Corporation, Inc. (NASDAQ: POCI) announced financial results on an unaudited basis for the first quarter for fiscal year 1993, ended Sept. 30, 1992.
 Revenues for the quarter were $878,405 compared to $1,641,014 for the same period in fiscal year 1992. Net loss was $214,350 compared to net income of $32,481 in fiscal year 1992. Loss per share was $.04 versus earnings per share of $.01 for the same period last year.
 The decrease in revenues was due to the expected reduction in night- vision sales because of the scheduled lower shipments of lens systems during the final delivery stage of the current contract. The $1.4 million night-vision lens order, announced in May, is now in production and will result in shipments towards the end of the second quarter.
 Additional costs to expand selling and marketing resources combined with the lower sales volume were the major factors contributing to the net loss. The company is continuing its start-up efforts to market its new surgical video systems under its new "Precise Medical" trade name, as previously announced. It is anticipated that significant investments in new product development and sales and marketing will continue throughout the fiscal year 1993.
 Precision Optics Corporation designs, develops, manufactures and sells specialized optical systems and components and optical thin film coatings. Its products and services include medical and industrial optical systems, lens systems for night vision equipment, optical thin film coatings, and advanced optical system design and development.
 Precision Optics Corporation, located in Gardner, is traded over- the-counter (NASDAQ "POCI") and on the Boston Stock Exchange ("POC").
 -0- 11/13/92
 /CONTACT: Richard Forkey of Precision Optics, 508-630-1800/
 (POCI) CO: Precision Optics Corporation ST: Massachusetts IN: SU: ERN


AL -- MN017 -- 0841 11/13/92 16:14 EST
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Publication:PR Newswire
Date:Nov 13, 1992
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