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
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9263816068621,1352,288
Cash and cash equivalents2,9263816068621,1352,288
Receivables3,9074,0332,6641,8791,4812,165
Inventory, net of allowances, customer advances and progress billings2,7762,8473,0221,8852,1971,735
Inventory2,7762,8473,0221,8852,1971,735
Prepaid expense250213213151134180
Total current assets:9,8597,4746,5054,7764,9476,368
Noncurrent Assets
Operating lease, right-of-use asset35843951861118
Property, plant and equipment434489627594503383
Intangible assets, net (including goodwill)9,0899,0679,054829783742
Goodwill8,8248,8248,824688688688
Intangible assets, net (excluding goodwill)2652432291429554
Total noncurrent assets:9,8819,99510,1991,4851,4041,125
TOTAL ASSETS:19,74017,46916,7046,2616,3527,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3603,2163,6731,7951,6481,708
Employee-related liabilities717590582534
Accounts payable2,4322,2442,2391,2051,0661,174
Accrued liabilities928972717   
Deferred revenue1,175795905450417
Debt556413408 80910
Other undisclosed current liabilities1691,054(399)2662761,894
Total current liabilities:5,2605,4784,5872,5113,1493,611
Noncurrent Liabilities
Long-term debt and lease obligation2,2441,8642,440 615
Long-term debt, excluding current maturities2,1761,7741,961   
Capital lease obligations5
Finance lease, liability6890112  
Liabilities, other than long-term debt190275    
Operating lease, liability190275367 61
Total noncurrent liabilities:2,4342,1392,807 1225
Total liabilities:7,6947,6177,3942,5113,2723,616
Equity
Equity, attributable to parent12,0479,8528,9713,4312,7723,377
Common stock6156169133132121
Additional paid in capital60,22557,32956,89750,46449,70348,893
Accumulated deficit(48,239)(47,533)(48,094)(47,166)(47,063)(45,637)
Total equity:12,0479,8528,9713,4312,7723,377
Other undisclosed liabilities and equity   339319308500
TOTAL LIABILITIES AND EQUITY:19,74017,46916,7046,2616,3527,493

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues21,04420,41715,67810,6759,9236,804
Cost of revenue(13,310)(12,798)(10,750)(7,241)(6,561)(4,682)
Gross profit:7,7347,6194,9283,4343,3632,122
Operating expenses(8,373)(7,421)(6,442)(4,339)(4,786)(2,735)
Operating income (loss):(639)199(1,514)(906)(1,423)(613)
Interest and debt expense(219)(223)(156)(5)(1)(1)
Loss from continuing operations before equity method investments, income taxes:(857)(25)(1,670)(911)(1,424)(614)
Other undisclosed income from continuing operations before income taxes715742742809  
Income (loss) from continuing operations before income taxes:(143)717(927)(102)(1,424)(614)
Income tax expense (2) (1)(1)(2)(1)
Other undisclosed loss from continuing operations (1)    
Income (loss) from continuing operations:(145)716(928)(103)(1,426)(615)
Income (loss) before gain (loss) on sale of properties:82(928)(103)(1,426)(615)
Net income (loss) available to common stockholders, diluted:(145)716(928)(103)(1,426)(615)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(145)716(928)(103)(1,426)(615)
Comprehensive income (loss), net of tax, attributable to parent:(145)716(928)(103)(1,426)(615)

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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