LightPath Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2022
September 14, 2022 at 04:01 pm EDT
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LightPath Technologies, Inc. reported earnings results for the fourth quarter and full year ended June 30, 2022. For the fourth quarter, the company reported sales was USD 8.91 million compared to USD 8.33 million a year ago. Net loss was USD 1.36 million compared to USD 2.91 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.11 a year ago.
For the full year, sales was USD 35.56 million compared to USD 38.46 million a year ago. Net loss was USD 3.54 million compared to USD 3.19 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.12 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. 
