Precision Optics Corp Q1 EPS $(0.08) Down From $(0.03) YoY, Sales $4.32M Down From $5.09M YoY
Portfolio Pulse from Benzinga Newsdesk
Precision Optics Corp (NASDAQ:POCI) reported a larger quarterly loss of $(0.08) per share compared to $(0.03) per share in the same period last year, representing a 166.67% increase in losses. Sales also decreased by 15.02% to $4.32M from $5.09M in the same quarter of the previous year.
November 14, 2023 | 10:30 pm
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Precision Optics Corp reported a significant increase in quarterly losses and a decrease in sales compared to the same period last year.
The reported increase in losses and decrease in sales are negative indicators that are likely to impact investor sentiment and the stock price negatively in the short term. The magnitude of the loss increase and sales decline suggests a significant impact on the company's financial performance, which is critical for investors.
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