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Precision Optics Corporation, Inc. Operating Results for Six Months Ended December 31, 2012 and Recent Operating Activities
Date:2/25/2013

GARDNER, Mass., Feb. 25, 2013 /PRNewswire/ -- Precision Optics Corporation, Inc. (OTCQB: PEYE) (the "Company") today announced operating results for the three and six month periods ended December 31, 2012, as filed with the Securities and Exchange Commission on February 14, 2013.

The following table summarizes the results for the three and six months ended December 31, 2012 and 2011, presented in accordance with generally accepted accounting principles (GAAP):

 Three MonthsEnded December 31,Six MonthsEnded December 31,2012201120122011Revenues$

498,667$

493,774$

1,062,065$

998,523Operating Loss(353,475)(312,343)(710,319)(575,545) 

Other income (expense)Gain on Sale of Patents---2,276,286Non-Cash Provision for Claims for Liquidated Damages(629,000)-(629,000)-Other75,991(12,532)74,741(27,175)Net Income (Loss)$

(906,484)$

(324,875)$

(1,264,578)$

1,673,566Income (Loss) Per Share:Basic$

(0.22)$

(0.27)$

(0.47)$

1.55Diluted$

(0.22)$

(0.27)$

(0.47)$

1.47Weighted Average Common Shares Outstanding:Basic4,035,6561,191,1382,688,7881,081,075Diluted4,035,6561,191,1382,688,7881,160,355 

Revenues for the quarter ended December 31, 2012 were $498,667 compared to $493,774 for the same period in the prior year, representing an increase of 1.0%. Revenues for the six months ended December 31, 2012 were $1,062,065 compared to $998,523 for the same period in the prior year, representing an increase of 6.4%.

The year-over-year increase in revenues resulted from increases in the Company's ongoing sales of previously developed products, as well as a newly designed addition to the Company's line of advanced surgical visualization products for use in spinal surgery.

Operating loss for the quarter ended December 31, 2012 was $353,475 comp
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SOURCE Precision Optics Corporation, Inc.
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