Precision Optics Announces Receipt Of $720,000 Follow-On Production Order From Top Tier Defense/Aerospace CustomerFfor New Optical Application
Portfolio Pulse from Benzinga Newsdesk
Precision Optics Corporation, Inc. (NASDAQ:POCI) announced receiving a $720,000 follow-on production order from a top tier defense/aerospace customer for a new optical application, bringing total orders to over $1.9 million. The company anticipates strong sequential revenue growth and continued order volumes into the next fiscal year, highlighting its expansion in the defense and aerospace market.
April 18, 2024 | 1:11 pm
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Precision Optics received a significant follow-on order, indicating strong customer satisfaction and potential for future growth in the defense and aerospace sectors.
The follow-on order not only demonstrates the company's strong relationship with its customer but also suggests confidence in Precision Optics' technology and products. This, combined with the anticipation of continued order volumes and strong revenue growth, is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100