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Precision Optics Corporation Announces Fourth Quarter and Year End Results With Highest Revenues in Six Years
Date:10/1/2007

Three Months Fiscal Year

Ended June 30, Ended June 30,

2007 2006 2007 2006

REVENUES $ 1,111,833 $ 573,105 $ 2,477,469 $ 2,149,564

COST OF GOODS SOLD 882,447 535,417 2,002,196 1,899,471

Gross Profit 229,386 37,688 475,273 250,093

RESEARCH & DEVELOPMENT

EXPENSES, Net 345,353 252,295 1,312,240 1,105,967

SELLING, GENERAL and

ADMINISTRATIVE

EXPENSES 487,721 395,178 2,097,959 1,452,021

Total Operating

Expenses 833,074 647,473 3,410,199 2,557,988

Operating Loss (603,688) (609,785) (2,934,926) (2,307,895)

INTEREST INCOME 10,045 16,661 46,011 36,334

Net Loss $ (594,556) $ (594,035) $ (2,889,829) $ (2,272,473)

Basic and Diluted

Loss Per Share $ (0.02) $ (0.04) $ (0.15) $ (0.26)

Weighted Average Common

Shares Outstanding -

Basic and Diluted 25,458,212 14,049,879 19,624,879 8,768,629

PRECISION OPTICS CORPORATION, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

ASSETS

June 30, 2007 June 30, 2006

CURRENT ASSETS

Cash and Cash Equivalents $ 840,179 $ 2,030,428

Accounts Receivable, net 801,206 381,097

Inventories, net 904,736 445,802

Prepaid Expenses 53,039 45,912

Total Current Assets 2,599,160 2,903,239

PROPERTY AND EQUIPMENT'/>"/>

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

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