PRECISION OPTICS CORPORATION ANNOUNCES RESULTS
PRECISION OPTICS CORPORATION ANNOUNCES RESULTS GARDNER, Mass., Nov. 12 /PRNewswire/ -- Precision Optics
Corporation, Inc. (BSE: POC) announced financial results for the first quarter of fiscal year 1992, ended Sept. 29, 1991.
Total revenues for the first quarter of fiscal year 1992 were $1,641,014; an increase of $992,657 or approximately 153 percent over the $648,357 total revenues for the same period in 1991. Net income was $32,481; an increase of approximately 605 percent over the $4,610 net income for the same period in 1991. Per share earnings were $0.01 versus negligible per share earnings for the same period last year. Night vision production accounted for the major portion of the revenue increase, followed by medical and industrial product sales. 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, Mass., is traded over-the-counter and on the Boston Stock Exchange (POC). -0- 11/12/91 /CONTACT: Richard Forkey of Precision Optics Corporation, 508-630-1800/ (POC) CO: Precision Optics Corp. ST: Massachusetts IN: SU: ERN AL -- MN006 -- 3408 11/12/91 11:10 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 12, 1991|
|Previous Article:||REGENERON PHARMACEUTICALS DEMONSTRATES IN ANIMAL STUDIES THAT NERVE GROWTH FACTOR CNTF SLOWS PROGRESSION OF LOU GEHRIG'S DISEASE|
|Next Article:||TEXACO CHAIRMAN PROPOSES DEVELOPMENT OF NEW TYPES OF POLITICAL RISK INSURANCE & MODIFICATION OF PRODUCTION CONTRACT TERMS|