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PRECISION OPTICS CORPORATION ANNOUNCES THIRD QUARTER RESULTS

 GARDNER, Mass., April 22 /PRNewswire/ -- Precision Optics Corporation, Inc. (NASDAQ: POCI) announced today that revenues for the third quarter ended March 31, 1993 were $1,490,486 compared to $1,374,586 for the same period last year. The net loss was $141,363, or $0.02 per share, compared to a net loss of $42,753, or $0.01 per share, for the same period one year ago.
 For the nine months ended March 31, 1993, revenues were $3,477,925 compared to $4,471,434 for the same period last year. The net loss was $573,694, or $0.10 per share, compared to a net loss of $3,219, or $0.00 per share, for the corresponding period last year.
 The increase in revenues for the third quarter resulted primarily from higher sales of night-vision products and thin film coatings.
 In comparison to the second quarter of fiscal 1993, revenues for the third quarter increased by $381,452, or 34.4 percent.
 Revenues decreased during the nine-month period primarily due to lower volume of a night-vision contract that expired in the second quarter. This revenue decrease was partially offset by initial shipments of a new lens contract. The contract, as previously announced, will total $1,438,000 over 12 months.
 The net loss in the third quarter and nine-month periods resulted primarily from increased marketing and selling expenses for the company's Precise Medical subsidiary. Net loss for the nine-month period was further impacted by lower sales volume in the first two quarters.
 The company is continuing its investment in product and market development related to Precise Medical. Due to the general uncertainty in the medical community that has extended sales cycles and deferred customer purchases, Precise Medical recently refocused its marketing efforts, concentrating on New England and New York. This approach is intended to increase market penetration while focusing resources for better efficiency.
 Precision Optics Corporation designs, develops, manufactures and markets 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
 (Unaudited)
 Third Quarter Ended March 31,
 1993 1992
 Revenues $1,490,486 $1,374,586
 Net Income (Loss) $ (141,363) $ (42,753)
 Weighted Average Shares Outstanding 5,707,676 5,279,226
 Earnings (Loss) Per Share $ (0.02) $ (0.01)
 Nine Months Ended March 31,
 1993 1992
 Revenues $3,477,925 $4,471,434
 Net Income (Loss) $(573,694) $ (3,219)
 Weighted Average Shares Outstanding 5,707,626 4,692,799
 Earnings (Loss) Per Share $ (0.10) $ 0.00
 -0- 04/22/93
 /CONTACT: Tom de Petra of de Petra & Associates, Inc., 612-338-7630 or 800-969-7630, for Precision Optics Corporation/
 (POCI)


CO: Precision Optics Corporation ST: Minnesota IN: MTC SU: ERN

KH -- MN020 -- 9562 04/22/93 14:26 EDT
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Date:Apr 22, 1993
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