PRECISION OPTICS CORPORATION, INC. (PEYE) Financial Statements (2024 and earlier)

Company Profile

Business Address 22 EAST BROADWAY
GARDNER, MA 01440
State of Incorp. MA
Fiscal Year End June 30
Industry (SIC) 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,926612381674606832
Cash and cash equivalents2,926612381674606832
Receivables3,9074,3904,0333,4152,6643,348
Inventory, net of allowances, customer advances and progress billings2,7762,9602,8472,7563,0222,965
Inventory2,7762,9602,8472,7563,0222,965
Prepaid expense250308213187213319
Total current assets:9,8598,2697,4747,0316,5057,463
Noncurrent Assets
Operating lease, right-of-use asset358399439479518141
Property, plant and equipment434445489591627626
Intangible assets, net (including goodwill)9,0899,0749,0679,0679,0549,037
Goodwill8,8248,8248,8248,8248,8248,824
Intangible assets, net (excluding goodwill)265249243243229213
Total noncurrent assets:9,8819,9179,99510,13610,1999,804
TOTAL ASSETS:19,74018,18717,46917,16816,70417,267
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3603,9553,2164,5403,6734,263
Employee-related liabilities1,117717862
Accounts payable2,4322,6492,2442,3062,2392,538
Accrued liabilities9281,3069721,117717862
Deferred revenue1,1751,3887951,0339051,018
Debt556414413413408408
Other undisclosed current liabilities1697381,054(789)(399)82
Total current liabilities:5,2606,4955,4785,1964,5875,771
Noncurrent Liabilities
Long-term debt and lease obligation2,2441,7611,8642,2842,4402,270
Long-term debt, excluding current maturities2,1761,6821,7741,8651,9612,053
Finance lease, liability688090101112122
Liabilities, other than long-term debt190233275   
Operating lease, liability19023327531836795
Total noncurrent liabilities:2,4341,9942,1392,6022,4402,366
Total liabilities:7,6948,4897,6177,7987,3948,136
Equity
Equity, attributable to parent12,0479,6989,8528,9738,9718,528
Common stock615656169169169
Additional paid in capital60,22557,78457,32956,97256,89756,723
Accumulated deficit(48,239)(48,143)(47,533)(48,168)(48,094)(48,364)
Total equity:12,0479,6989,8528,9738,9718,528
Other undisclosed liabilities and equity    397339602
TOTAL LIABILITIES AND EQUITY:19,74018,18717,46917,16816,70417,267

Income Statement (P&L) ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Revenues5,0245,0485,8875,0854,7944,651
Cost of revenue(3,265)(3,312)(3,162)(3,361)(3,352)(2,923)
Gross profit:1,7591,7362,7251,7251,4411,728
Operating expenses(2,374)(2,229)(2,028)(1,741)(1,862)(1,789)
Operating income (loss):(615)(493)697(17)(420)(61)
Interest and debt expense(51)(48)(62)(57)(51)(53)
Income (loss) from continuing operations before equity method investments, income taxes:(666)(541)634(74)(472)(114)
Other undisclosed income from continuing operations before income taxes 715   742 
Income (loss) from continuing operations before income taxes:49(541)634(74)270(114)
Other undisclosed loss from continuing operations (2)   (1) 
Income (loss) from continuing operations:47(541)634(74)269(114)
Income (loss) before gain (loss) on sale of properties:(74)269(114)
Net income (loss):47(541)634(74)269(114)
Other undisclosed net income (loss) attributable to parent (143)143    
Net income (loss) available to common stockholders, diluted:(96)(398)634(74)269(114)

Comprehensive Income ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Net income (loss):47(541)634(74)269(114)
Comprehensive income (loss), net of tax, attributable to parent:47(541)634(74)269(114)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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