LightPath Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 11, 2023 at 04:03 pm EDT
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LightPath Technologies, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 7.41 million compared to USD 8.31 million a year ago. Net loss was USD 1.16 million compared to USD 0.495003 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago.
For the nine months, sales was USD 23.25 million compared to USD 26.65 million a year ago. Net loss was USD 3.24 million compared to USD 2.18 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.08 a year ago.
LightPath Technologies, Inc. is a vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. The Company designs and manufactures optical and infrared components, including molded glass aspheric lenses and assemblies, custom molded glass freeform lenses, infrared lenses and thermal imaging assemblies, fused fiber collimators, and Black DiamondTM (BD6) chalcogenide-based glass lenses. Its business is organized into three product groups: Precision molded optics (PMO), infrared products and specialty products. Its PMO product group consists of visible precision molded optics with varying applications. Its infrared product group is comprised of infrared optics, both molded and diamond-turned, and thermal imaging assemblies. Its specialty product group is comprised of value-added products, such as optical subsystems, assemblies, collimators, and non-recurring engineering (NRE) products.
LIGHTPATH TECHNOLOGIES, INC. 
