Peter V. Anania, a director at Precision Optics Corporation (NASDAQ:POCI), recently sold 14,400 shares of the company's common stock. The transaction, dated November 20, 2024, was executed at a price of $5 per share, totaling $72,000. Following this sale, Anania holds 196,198 shares directly.
In an additional transaction on the same date, Anania disposed of 57,600 shares through a gift, which did not involve any monetary exchange. This leaves him with a total of 138,598 shares in direct ownership.
In other recent news, Precision Optics Corporation reported its Q1 FY2025 financial results, with a slight decrease in revenue to $4.2 million, down from $4.3 million year-over-year due to production delays. However, the company anticipates stronger revenue in the second quarter and beyond, as production issues have been resolved. The firm expects growth in production revenue from $6.6 million to over $10 million, driven by new orders for single-use ophthalmic endoscopes and cystoscope imaging systems.
The company also announced a net loss of $1.3 million for the quarter. Despite this, Precision Optics remains optimistic about future growth, with 11 programs in the pipeline and plans to transition 2-4 into production annually over the next three years. The Ross Optical Components division's revenue is predicted to remain flat in FY2025, with growth projected for FY2026.
These are some of the recent developments for Precision Optics, which also includes the launch of a new platform solution aimed at reducing development risks and time to market. Furthermore, the company is expecting future orders, including a $9 million single-use program with projected deliveries of $3.6 million in fiscal 2025.
InvestingPro Insights
Following the recent insider transaction by director Peter V. Anania, it's worth examining some key financial metrics and insights for Precision Optics Corporation (NASDAQ:POCI). According to InvestingPro data, the company currently has a market capitalization of $32.32 million, reflecting its relatively small size in the optics industry.
An InvestingPro Tip indicates that POCI has seen a strong return over the last month, with a 21.67% price total return. This recent performance is particularly noteworthy given the director's decision to sell shares, and may suggest positive short-term momentum for the stock.
However, it's important to note that POCI is not currently profitable, as highlighted by another InvestingPro Tip. This is reflected in the company's negative P/E ratio of -8.41 and an operating income margin of -14.26% for the last twelve months as of Q1 2025. The company's revenue for the same period stands at $18.98 million, with a slight decline in revenue growth of -6.41%.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights that could provide valuable context to the recent insider transaction and the company's financial position. There are several more InvestingPro Tips available for POCI, which could help investors make more informed decisions about the company's prospects.
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