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Precision Optics Corporation Announces First Quarter Results and Receipt of Significant New Order
Date:11/20/2007

2007 2006

REVENUES $ 1,101,728 $ 427,625

COST OF GOODS SOLD 795,434 383,460

Gross Profit 306,294 44,165

RESEARCH and DEVELOPMENT EXPENSES 302,433 264,523

SELLING, GENERAL and

ADMINISTRATIVE EXPENSES 475,512 483,024

Total Operating Expenses 777,945 747,547

Operating Loss (471,651) (703,382)

INTEREST INCOME 4,803 15,203

Net Loss $ (466,848) $(688,179)

Loss Per Share - Basic and Diluted $ (0.02) $ (0.04)

Weighted Average Common

Shares Outstanding -

Basic and Diluted 25,458,212 15,458,212

PRECISION OPTICS CORPORATION, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

ASSETS

(UNAUDITED)

September 30, June 30,

CURRENT ASSETS 2007 2007

Cash and Cash Equivalents $ 539,729 $ 840,179

Accounts Receivable, net 657,137 801,206

Inventories, net 699,596 904,736

Prepaid Expenses 34,695 53,039

Total Current Assets 1,931,157 2,599,160

PROPERTY AND EQUIPMENT

Machinery and Equipment 3,581,430 3,559,384

Leasehold Improvements 553,595 553,596

Furniture an
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SOURCE Precision Optics Corporation, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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