Precision Optics Corporation, Inc. provided revenue guidance for the first quarter, first half of fiscal 2024 and full year 2024. For the first quarter, the company expected to see strong continued engineering revenue. Ross operations experienced a pullback from fourth quarter of 2023 to first quarter of 2024 that will cause overall revenue to be somewhat lower in the first quarter.

For the first half, the company expected revenue in the first half of fiscal 2024 to bounce around the current level as company digest some puts and takes in customer programs and transfer new programs to production.

For the full year 2024, with the expectation of a number of pipeline projects, including certain key projects with a significant long-term revenue potential transferring to production, along with continued strong performance from engineering team, the company expected overall revenue growth during fiscal 2024.