Precision Optics announced a $9M production order from a surgical company to supply single-use endoscope assemblies used in their cystoscopy surgery system. This is the largest order POC has ever received. Production deliveries are scheduled to begin July 2024 and proceed over several quarters. The company presently estimates approximately $2.2M in deliveries during its FY25, $4.6M in FY26, and the remainder in the first half of FY27. The company expects a related $0.5M order for related specialty engineering work over the next six months, bringing the total order value to approximately $9.5M. Initially, POC will produce all of the ordered units in its own facilities. The customer has the option to transfer production to non-POC manufacturing facilities in exchange for multi-year royalties back to POC.
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