M&A
confidence high
sentiment positive
materiality 0.65
Precision Optics provides audited & pro forma financials for Lighthouse Imaging acquisition
PRECISION OPTICS CORPORATION, INC.
- Lighthouse Imaging 2020 revenue $3.71M with net income $10K; 2019 revenue $3.19M with net loss $765K.
- For nine months ended Sep 30, 2021, Lighthouse revenue $3.94M and net income $247K.
- Pro forma combined balance sheet as of Jun 30, 2021 shows total assets $16.2M and cash $1.61M.
- Lighthouse customer deposits grew from $247K (2019) to $827K (Sep 2021), indicating strong order pipeline.
- Precision Optics financed acquisition with $4.1M in new cash and $2.6M notes payable.