Precision Optics Corporation, Inc. announced the receipt of a follow-on production order totaling approximately $2.3 million from a large medical device company for an otoscopy application to meet enhanced demand for the product. The order is expected to be delivered over the next 12 to 24 months commencing in early calendar 2023. Precision Optics has supplied sophisticated optical assemblies to the customer since 2018.

Due to the impact of the pandemic, however, production of the assemblies had halted in December 2020, with little revenue recognized during the past eight quarters from this customer. The end product application has since regained traction in the marketplace with an expectation for ongoing production orders into the future.