secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001683168-24-006792
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Precision Optics FY2024 revenue $19.1M, net loss widens to $3.0M; Q1 FY2025 guided $4.2-$4.4M
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- FY2024 revenue $19.1M exceeded high-end of $18.9M guidance; down from $21.0M prior year.
- Net loss ($3.0M) vs ($0.1M) prior; Adjusted EBITDA negative ($1.6M). Gross margin 30.3% vs 36.8%.
- Engineering revenue record $8.3M (+24% YoY); production revenue $10.8M (-25% YoY).
- Q1 FY2025 revenue guided $4.2-$4.4M, flat YoY; double-digit FY growth expected starting Q2.
- Recent $9M production order for single-use cystoscopy began shipments July 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316824006792/0001683168-24-006792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316824006792/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006792

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