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

ared to $312,343 for the same period in the prior year, representing an increase of 13.2%. Operating loss for the six months ended December 31, 2012 was $710,319 compared to $575,545 for the same period in the prior year, representing an increase of 23.4%.

The increase in the operating loss in the quarter and six months ended December 31, 2012 over the same periods in the prior year is primarily attributed to lower gross margins as a result of new product start-up manufacturing costs and higher research and development expenses.

Net loss for the quarter ended December 31, 2012 was $906,484, or $0.22 per fully-diluted share, compared to a net loss of $324,875, or $0.27 per fully-diluted share for the same period in the prior year. Net loss in the quarter ended December 31, 2012 includes a non-cash provision for claims for liquidated damages of $629,000, and a gain on the settlement of accounts payable of $76,149. 

Net loss for the six months ended December 31, 2012 was $1,264,578, or $0.47 per fully-diluted share, compared to net income of $1,673,566, or $1.47 per fully-diluted share for the same period in the prior year. Net income in the six months ended December 31, 2011 included a gain on the sale of patents of $2,276,286.

After removal of the non-cash provision for claims for liquidated damages and the gain on the sale of patents described above, the pro forma (non-GAAP) net loss for the three and six months ended December 31, 2012 was $277,484 and $635,578, respectively, compared with a pro forma net loss of $324,875 and $602,720, respectively, for the three and six months ended December 31, 2011. The decrease in the pro forma net loss of $47,391 for the quarter ended December 31, 2012 as compared to the same period in the prior year is primarily attributed to a gain on the settlement of accounts payable of $76,149, partially offset by lower gross margins as a result of new product start-up manufacturing costs and higher resea
'/>"/>

SOURCE Precision Optics Corporation, Inc.
Copyright©2012 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5

Related medicine technology :

1. A New Era of Vision Correction Arrives: Breakthrough Computer Guided Laser Cataract Surgery, Finally Offers Patients Unprecedented Precision
2. Personna Industrial Previews a New Line of Precision Blades at MD&M West
3. PrecisionMD Launches NEW Anti-Redness Product - DermaChromatic
4. Precision Optics Corporation, Inc. Announces Operating Results for the First Quarter Ended September 30, 2012
5. TechPrecision Receives Additional Medical Purchase Orders Exceeding $1.5 Million
6. Precision Automation Expert DWFritz Automation Announces Website Launch www.DWFritz.com
7. Plainfield Precision Achieves ISO 13485:2003 Quality Management Certification for Medical Device Manufacturing
8. Volcano to Highlight its Leadership in Precision Guided Therapy at EuroPCR 2012
9. Precision Optics Corporation Announces $1 Million Order for Microprecision™ Based Endoscopes
10. Global Medical Fiber Optics Industry
11. Denton Vacuum Ships Breakthrough Wafer-level Optics Development System to Leading German R&D Organization
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/20/2013)... 20, 2013   National Community Pharmacists Association ... RPh, MBA issued the following statement today regarding a ... Part D "preferred pharmacy" drug plans , which ... plan,s lowest advertised co-payments: (Logo:  http://photos.prnewswire.com/prnh/20100106/DC33253LOGO ... and MedPAC , 16 U.S. Senators ...
(Date:5/20/2013)... , May 20, 2013 /PRNewswire-iReach/ -- Today at ... Christine Ginocchio discussed Specific ... for rapid identification of microorganisms producing bloodstream infection. ... Chief of the Division of Infectious Disease Diagnostics ... largest not-for-profit, non-sectarian health system. (Photo: ...
(Date:5/20/2013)... -- Hill-Rom Holdings, Inc. (NYSE: HRC ) invites ... 38 th Annual Deutsche Bank Health Care Conference ... 2013, at 1:30 p.m. EDT. (Logo: ... listen to the live discussion via the internet link ... http://www.media-server.com/m/p/f7bj3q84 . A recorded replay of the discussion ...
Breaking Medicine Technology:Poll: Over One Million Seniors Have Problems with Medicare 'Preferred Pharmacy' Drug Plans 2Poll: Over One Million Seniors Have Problems with Medicare 'Preferred Pharmacy' Drug Plans 3Poll: Over One Million Seniors Have Problems with Medicare 'Preferred Pharmacy' Drug Plans 4Specific Technologies Bloodstream Infection Identification Solutions Discussed at the American Society for Microbiology Conference by Award Lecturer Christine Ginocchio 2Specific Technologies Bloodstream Infection Identification Solutions Discussed at the American Society for Microbiology Conference by Award Lecturer Christine Ginocchio 3
... 2011 Nopras Technologies, Inc., a ... services for organizations in the Pharmaceutical, Biotechnology, Medical ... January 10th, 2011 that it has achieved ... well documented procedures and processes, its proactive response, ...
... 10, 2011 Drawing attention to its TemporalScanner™ Temporal ... "game-time temperature" for national radio broadcasts of NFL games ... The "Exergen Game Time Temperature" promotion is the only ... Night Football and Monday Night Football regular season games, ...
Cached Medicine Technology:Nopras Technologies, Inc. Achieves ISO 9001:2008 Certification 2Exergen TemporalScanner Sponsors 'Game Time Temperature' for NFL and College Bowl Games 2
(Date:5/20/2013)... 20, 2013 When a shopper decides to ... part of the process. Much of the stress and concern ... not knowing what to expect. Best Mattress Online, a ... use to ensure their purchase proves smooth. , In the ... Mattress Online ”, readers find helpful tips divided into two ...
(Date:5/20/2013)... Fastcare Miami Beach clinic advises patients to ... symptoms, as if not treated, it may involve the ureter ... a urinary tract infection in itself is not life threatening, ... called pyelonephritis. Women seem to have many more urinary tract ... percentage as women after the age of fifty. , ...
(Date:5/20/2013)... Los Angeles, CA (PRWEB) May 20, 2013 ... has just been released to the public creating ... to gain access to this elite business training. ... the course as well as an exclusive bonus. ... known for providing elite business training to individuals ...
(Date:5/20/2013)... 20, 2013 Leading facial plastic surgeon and ... as a “Top Doc” in the field of Otolaryngology in ... , The Palm Beacher magazine, one of Palm Beach County’s ... in the May/June 2013 issue, including 70 of the very ... dining, events, things to do, health and fitness, people to ...
(Date:5/20/2013)... The Environmental Design Research ... of continuing education credit opportunities for design professionals, ... Architects Continuing Education System (AIA/CES), the Landscape Architecture ... Design Continuing Education Council (IDCEC). EDRA44Providence ... at the Omni Providence Hotel in Providence, Rhode ...
Breaking Medicine News(10 mins):Health News:See What to Expect When You Buy a Mattress Online With Latest Guide From Best Mattress Online 2Health News:Fastcare Advises on How to Prevent a UTI 2Health News:Eben Pagan's Accelerate: Review and Bonus Released By WealthSpringMarketing.com 2Health News:Dr. Schwartz Named “Top Doc” by The Palm Beacher Magazine 2Health News:Environmental Design Research Conference to Feature AIA/CES, LA CES, and IDCEC Continuing Education Credits 2
... Consortium, a group of researchers, clinicians and families dedicated ... autism, announced today that it has completed the first ... Autism Gene Discovery Project and has released the reference ... the world can use. The scan was conducted ...
... (Chicago, IL, October 22, 2007) Hospitalized patients who ... the use of hypnotherapy than patients using other smoking ... the 73rd annual international scientific assembly of the American ... who participated in one hypnotherapy session were more likely ...
... Bayer Consumer Care announces,the availability of the ... Sinus), combining a long-lasting nasal decongestant with the,pain-relieving ... from,multiple sinus and pain symptoms. The combination ... in a recent survey of adults who suffer ...
... upon its impressive past,successes, the Midwest Orthopaedic Research ... will propel it forward in the coming decade. ... product,innovation, will solidify MORF as a world-class research ... MORF will be restructuring the board of directors,and ...
... Mind,s emotion centers less controlled when weary, MRI study shows ... little testy after a bad night,s sleep? Scientists may ... lack of sleep causes the brain,s emotional centers to dramatically ... lobe -- a brain region that normally keeps emotions under ...
... annual awards recognize technology innovation for healthcare., ... Healthcare Users Group (MS-HUG) and Microsoft Corp. today,announced ... Healthcare Innovation,Awards. The contest, open to any healthcare ... improve the quality and delivery of,healthcare. (Logo: ...
Cached Medicine News:Health News:Autism Consortium releases data on genes involved in autism to researchers worldwide 2Health News:Autism Consortium releases data on genes involved in autism to researchers worldwide 3Health News:Autism Consortium releases data on genes involved in autism to researchers worldwide 4Health News:Hypnosis for smoking cessation sees strong results 2Health News:ALEVE-D(R) Sinus & Cold Offers Option for the More Than 50% of Consumers Not Satisfied with Current Sinus Medication 2Health News:ALEVE-D(R) Sinus & Cold Offers Option for the More Than 50% of Consumers Not Satisfied with Current Sinus Medication 3Health News:Sleepless Nights Make for Grumpier Brains 2Health News:Call for Entries Announced for 2008 MS-HUG Innovation Awards 2Health News:Call for Entries Announced for 2008 MS-HUG Innovation Awards 3
... Ergonomic Design for Unparalleled Comfort Pick ... Notice the balance. Notice the trigger and ejector ... Thats because our pipettors are ergonomically designed to ... hours of pipetting. Productivity In The Palm ...
... Ergonomic Design for Unparalleled Comfort ... it. Notice the balance. Notice the trigger and ... left-handed. Thats because our pipettors are ergonomically designed ... long hours of pipetting. Productivity In The ...
... The Finnpipette BioControl multichannel ... features as the single ... handle fits all seven ... channel tip cone modules. ...
... , The new Finnpipette Novus is so user-friendly that ... few minutes. With the intuitive instantly familiar menu and ... functions you need quickly and easily. The large, clear ... names of all functions. The easily accessible two ...
Medicine Products: