Press Release: Precision Optics Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Dow Jones10-01
Cash and cash equivalents, end of year  $   405,278   $ 2,925,852 
                                         ==========    ========== 
 
Supplemental disclosure of cash flow 
information: 
  Cash paid during the year for income 
   taxes                                $     1,936   $     1,936 
                                         ==========    ========== 
 
 
 
        PRECISION OPTICS CORPORATION, INC. AND SUBSIDIARIES 
       RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES 
                          ADJUSTED EBITDA 
 
                      Three Months                   Year 
                     Ended June 30,             Ended June 30, 
                ------------------------  -------------------------- 
                    2024         2023         2024          2023 
                ------------  ----------  ------------  ------------ 
Net Income 
 (loss) 
 (GAAP)         $(1,411,106)  $ (96,125)  $(2,951,377)  $(144,613) 
 
Stock based 
 compensation       210,393     149,242       959,784     919,032 
 
Depreciation 
 and 
 amortization        55,796      53,442       212,382     218,927 
 
State Income 
 Taxes                1,936       1,936         1,936       1,936 
 
Revaluation of 
 earn-out 
 liability                -    (571,838)            -    (714,798) 
 
Interest 
 expense             52,818      53,552       225,108     210,735 
                 ----------    --------    ----------    -------- 
 
Adjusted 
 EBITDA 
 (non-GAAP)     $(1,090,163)  $(409,791)  $(1,552,167)  $ 491,219 
                 ==========    ========    ==========    ========

(END) Dow Jones Newswires

September 30, 2024 16:30 ET (20:30 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment