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

rch and development expenses. The increase in the pro forma net loss of $35,858 for the six months ended December 31, 2012 as compared to the same period 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, partially offset by the gain on the settlement of accounts payable of $76,149. The Company has provided this non-GAAP financial information to aid investors in better understanding the Company's performance.

Cash and cash equivalents were $1,635,422 at December 31, 2012 compared to $145,923 at June 30, 2012. As previously announced, in September 2012, the Company completed a private offering to accredited investors for the sale and purchase of units consisting of common stock and common stock purchase warrants, generating gross proceeds of approximately $2.5 million and net proceeds of approximately $2.2 million. Such funds are currently available for the Company's general working capital needs.

Recent Production and Marketing Activities
We are excited about the continued development, commercialization, and market acceptance of our new products and technical innovations based upon our unique proprietary technology. As previously disclosed in our Current Report on Form 8-K filed with the Securities and Exchange Commission on April 18, 2012, we accepted an order from a customer to purchase very small diameter endoscopes that incorporate our  proprietary Microprecision™ lens technology, for a total purchase amount of $1,032,000 (the "April 2012 Order"). We have successfully completed all substantive pre-production validation testing and are awaiting final customer approval to begin production and shipment of this product, which we expect to begin within the next few months. 

We have also focused recent operational efforts on sales and marketing activities intended to broaden awareness of the benefits of our new t
'/>"/>

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

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:12/19/2014)... Dec. 19, 2014 In today,s increasingly ... web presence to reflect the needs of a ... must meet the needs of key stakeholders while ... According to recent research by benchmarking ... the participating companies averaged more than $100,000 in ...
(Date:12/19/2014)... and CARDIFF-BY-THE-SEA, Calif. , Dec. ... SRNE ;  Sorrento), an oncology company developing ... Conkwest, Inc., a privately-held immuno-oncology company developing proprietary ... cell-line based therapy, announced today that the companies ... develop next generation CAR-TNK™ (pronounced as "Car-Tank") immunotherapies ...
(Date:12/19/2014)... 18, 2014 Research and Markets ... the "Micro Market Monitor: North American Dermatology ... http://photos.prnewswire.com/prnh/20130307/600769 ... steadily, which has resulted in fueling the overall ... main purpose of these dermatology devices is to ...
Breaking Medicine Technology:Building a Best-in-Class Pharma Global Brand Website 2Sorrento and Conkwest Announce Exclusive Global Collaboration 2Sorrento and Conkwest Announce Exclusive Global Collaboration 3Sorrento and Conkwest Announce Exclusive Global Collaboration 4Sorrento and Conkwest Announce Exclusive Global Collaboration 5Micro Market Monitor: North American Dermatology Diagnostic Devices Market 2Micro Market Monitor: North American Dermatology Diagnostic Devices Market 3
(Date:12/21/2014)... 21, 2014 Hundreds of Byetta ... claims involving a class of Type 2 diabetes ... forward in a federal multidistrict litigation now underway ... Bernstein Liebhard LLP reports. According to an Order ... data cut-off date of February 27, 2014 for ...
(Date:12/21/2014)... Muskegon, Mi (PRWEB) December 21, 2014 ... a child in need while at the same time helping ... is a non-profit community-based organization committed to serving those ... to meet their needs to improve the quality of life. ... would make an impact in the local community and he ...
(Date:12/21/2014)... (PRWEB) December 21, 2014 SCI ... of the issues and systemic barriers for disabled athletes ... Paratriathlon Champion. Scheidies has a condition called juvenile macular ... He describes how he adapted his athletic ambitions to ... his success in triathlon to pioneer the way for ...
(Date:12/21/2014)... 2014 The Oncology Institute of Hope and ... Ana and Whittier offices. The Hope for the Holidays Toy ... patients and their families during the holiday season. This year, ... 70 children between both offices. This event continues to be ... community service team, store managers and assistant managers came out ...
(Date:12/20/2014)... (PRWEB) December 21, 2014 MissyDress, a ... for all prom lovers. The business has drastically cut ... prom dresses to everyone until Jan. 30, 2015. Many ... dresses, sweetheart dresses, V-neck dresses, lace dresses, and more. ... are not there every day. Whether A-line princess prom ...
Breaking Medicine News(10 mins):Health News:Byetta Lawsuit News: New Order Issued in Federal Incretin Mimetics Litigation, Bernstein Liebhard LLP Report 2Health News:Byetta Lawsuit News: New Order Issued in Federal Incretin Mimetics Litigation, Bernstein Liebhard LLP Report 3Health News:Byetta Lawsuit News: New Order Issued in Federal Incretin Mimetics Litigation, Bernstein Liebhard LLP Report 4Health News:AlignLife of Norton Shores Makes a Brighter Christmas for Kids in Muskegon 2Health News:Disability in Sports on SCI TV with Triathlon World Champ Aaron Scheidies 2Health News:Disability in Sports on SCI TV with Triathlon World Champ Aaron Scheidies 3Health News:MissyDress: The Prices of Prom Dresses Just Reduced 2
... Serena Gordon HealthDay Reporter , WEDNESDAY, June 8 ... birth control at the same time they,re having a uterine ... to get one compared to women offered one later on, ... the expulsion rate for IUDs inserted immediately after a uterine ...
... Steven Reinberg HealthDay Reporter , WEDNESDAY, June 8 ... Wednesday called for a label warning on the popular statin ... when taken in the highest doses. This risk has ... (simvastatin) a day, particularly during the first year of treatment, ...
... innovative use of "pay-for-performance" bonuses to try to reduce racial ... turned up no evidence of the problem at any of ... that raises questions about the effectiveness of the state,s novel ... of Health Affairs (June 9, 2011), found that ...
... more widespread than was previously realised, research suggests. Blood samples ... of the H1N1 flu season showed that almost half were carrying ... cent who tested positive had contracted swine flu, although some had ... vaccinated. The research, led by the University of Edinburgh, ...
... PORTLAND, Ore. Women who receive a contraceptive known as ... abortion experience few complications and are less likely to have ... by several weeks, according to a new study at Oregon ... in the June 9 New England Journal of Medicine ...
... , WEDNESDAY, June 8 (HealthDay News) -- Brain scans that detect ... States as soon as this year, researchers reported this week, though ... much help for those with the disease. "You,ll ... to people who want to know what,s going on when their ...
Cached Medicine News:Health News:It's Safe to Get IUD Right After Abortion, Miscarriage: Study 2Health News:It's Safe to Get IUD Right After Abortion, Miscarriage: Study 3Health News:FDA Places New Warning Label on Zocor 2Health News:FDA Places New Warning Label on Zocor 3Health News:Pioneering hospital pay-for-performance program falls short of its goals 2Health News:Immediate use of an IUD following abortion more likely to prevent unintended pregnancies 2Health News:Brain Scans to Spot Alzheimer's May Be Available This Year 2
An easy-to-fit high water content spherical soft lens manufactured using cast molding technology, and designed for use in the correction of myopia on a daily wear or extended wear basis....
... With the Hertel, the ... hands and held firmly against ... line with the center of ... against the two temporal orbital ...
Hertel exophthalmometer is used for precise exophthalmos measurements (e.g. exophthalmic goiter)....
Naugle exophthalmometer is superior and inferior orbital rim-based instrument....
Medicine Products: