secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001683168-22-006986
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316822006986/0001683168-22-006986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316822006986/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-006986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer