Precision Optics Announces Record $9M Production Order For High Volume Single-Use Cystoscopy Surgery Program; Expects A Related $0.5M Order For Related Specialty Engineering Work Over The Next Six Months, Bringing The Total Order Value To ~$9.5M
Portfolio Pulse from Benzinga Newsdesk
Precision Optics Corporation, Inc. (NASDAQ:POCI) announced a record $9M order for single-use endoscope assemblies for cystoscopy surgeries, with an additional $0.5M expected for engineering work, totaling $9.5M. Deliveries start July 2024, spanning into fiscal 2027. This marks POC's largest order, highlighting the growth in single-use medical applications.
May 09, 2024 | 1:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Precision Optics announced a record $9.5M order for cystoscopy surgery endoscopes, with deliveries starting July 2024, highlighting significant revenue growth potential.
The announcement of a record order for Precision Optics signifies a major revenue opportunity and a validation of its technology in the medical field. The size of the order and the scheduled deliveries over multiple fiscal years suggest a positive outlook for the company's financial health and market position. This news is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100