Highest-materiality recent filing
Precision Optics closes upsized $10M public offering at $3.60/share
Offering of 2,777,777 shares at $3.60/share; net proceeds ~$10.7M (including overallotment).
Precision Optics appoints Joseph Traut as COO; Mahesh Lawande to depart Oct 31
Mahesh Lawande's employment ends Oct 31, 2025; serves as Advisor to President for October; severance extended to 7 months (~$160,417).
Sold 1,272,500 shares at $4.00 each; gross proceeds ~$5.1M, expected net ~$5.0M.
Precision Optics FY2024 revenue $19.1M, net loss widens to $3.0M; Q1 FY2025 guided $4.2-$4.4M
FY2024 revenue $19.1M exceeded high-end of $18.9M guidance; down from $21.0M prior year.
Precision Optics names Wayne Coll permanent CFO; Dahill resigns as interim CFO
Wayne Coll appointed CFO effective June 12, 2023; annual base salary $300,000.
Precision Optics appoints Mahesh Lawande as COO; cites rapid growth
Mahesh Lawande becomes COO effective April 24, 2023; annual base salary of $275,000.
Precision Optics CFO Daniel Habhegger steps down; E. Kevin Dahill named Interim CFO
CFO Daniel Habhegger transitions to part-time SVP Finance as of Jan 7; remains principal financial/accounting officer through Feb 14 to file 10-Q.
Precision Optics completes 1:3 reverse stock split targeting Nasdaq uplisting
Reverse stock split effective Nov 1, 2022; shares outstanding reduced from 16,915,089 to ~5,638,302.
Preliminary Q1 FY2023 revenue ~$5.1M vs $2.3M YoY (118% increase); record quarterly revenue.
Precision Optics provides audited & pro forma financials for Lighthouse Imaging acquisition
Lighthouse Imaging 2020 revenue $3.71M with net income $10K; 2019 revenue $3.19M with net loss $765K.
Closed acquisition of Lighthouse Imaging assets for $2.855M cash (adjusted from $3.25M) plus up to $1.5M earn-out and 2.5M unregistered shares.
On March 19, 2025, the Board appointed Joseph P. Pellegrino, Jr., 60 years old, to fill the vacancy on the Board created with Peter Anania’s retirement.
On March 15, 2025, Peter Anania tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of March 15, 2025.
On February 26, 2025, Dr. Richard B. Miles tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of February 28, 2025.
On February 28, 2025, the Board appointed Buell Duncan, 71 years old, to fill the vacancy on the Board created with Dr. Miles’ retirement.
Jeffrey L. DiRubio, the Precision Optics Corporation, Inc.’s (the “ Company ”) Senior Vice President of Sales and Marketing, resigned from the Company effective as of June 30, 2024.
Effective June 12, 2023, the Company has appointed Wayne M. Coll, age 59, as its Chief Financial Officer.
In connection with the Company’s appointment of a permanent Chief Financial Officer, Mr. Dahill resigned as an officer and employee effective June 11, 2023.
Effective April 24, 2023, the Company has appointed Mahesh Lawande, age 50, as its Chief Operating Officer.
Mr. Habhegger will remain an employee of the Company, serving in a reduced capacity as Senior Vice President, Finance
Commencing January 7, 2023, the Company has hired E. Kevin Dahill, age 75, as its Interim CFO.
On October 6, 2021, our Board appointed Mr. Peter V. Anania as a class II director for a three-year term or until his successor is duly elected or qualified.
Max materiality 0.90 · Median 0.55 · Most common event other_material