Precision Optics reports net loss for Q1

Precision Optics Corporation, a developer of optical instruments, has reported that net loss for the first quarter ended September 30, 2012 was $358,094, or $0.27 loss per diluted share, compared to net income of $2 million, or $1.15 per dilute share, for the same quarter ended September 30, 2011.

Revenues for the first quarter of ended September 30, 2012 were $563,398, compared to $504,749 for the same quarter ended September 30, 2011.

Gross profit for the first quarter ended September 30, 2012 was $129,473, compared to $139,294 for the same quarter ended September 30, 2011.

Operating loss for the first quarter ended September 30, 2012 was $356,844, compared to an operating loss of $263,202, for the same quarter ended September 30, 2011.