Precision Optics Corporation, Inc. (NASDAQ:POCI) Q4 2023 Earnings Call Transcript

He had worked with small companies. So we’ve been building that team even for the last three or four years. The acquisition of Lighthouse, of course, was a significant increase in our technical capability. That grew our technical team from something like six or eight people up to as many as 15 or 20 people. But even with that growth in the engineering team, we still find that the engineering team is pretty much fully saturated and that we have as many opportunities as we can respond to. So we are continuing to expand the engineering team. We hired two junior engineers about a year ago, I think both fresh out of college. We added two more engineers over the last three months. I think it was more senior engineers. We still have two or three requisitions that are open for some additional engineering staff.

And so while it is true that it’s a challenging environment to hire people at any level, it’s particularly challenging to find really top-notch, good engineers because we won’t just hire anyone, we need engineers that can satisfy the cutting-edge technology that we work on. It’s a challenge, but it’s one that we have been able to overcome and we have successfully grown the engineering team by bringing more people on, and it’s something that I expect we will continue to do for the indefinite future.

Robert Blum: All right. Perfect. Thank you, Joe. Gary, I’ll turn it back over to you at this point.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Joseph Forkey for any closing remarks.

Joseph Forkey: Thank you, Gary, and thank you, everyone, for joining us on the call today. I look forward to speaking with all of you soon. Thank you. Have a good evening, and stay safe. Bye.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.