Precision Optics reports record preliminary Q1 revenue of $5.1M, up 118% YoY; plans reverse split for Nasdaq uplisting

PRECISION OPTICS CORPORATION, INC.

Preliminary Q1 FY2023 revenue ~$5.1M vs $2.3M YoY (118% increase); record quarterly revenue.
Excluding Lighthouse acquisition, organic revenue grew ~63% YoY; Lighthouse contributed ~$1.3M.
CEO cites new defense/aerospace and spinal surgery orders, plus otoscopy production deliveries.
Company to implement reverse stock split (ratio 1:1.5–1:3) to meet Nasdaq minimum bid price for planned uplisting.
Expects Nasdaq listing 1–2 weeks after split if closing price ≥$3.00 for 5 consecutive days and volume threshold met.

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