Lightpath Technologies, Inc. Reports Earnings Results for the Fourth Quarter Ended June 30, 2021
September 09, 2021 at 04:00 pm EDT
Share
LightPath Technologies, Inc. announced earnings results for the fourth quarter ended June 30, 2021. For the fourth quarter, the company announced sales was USD 8.332 million compared to USD 9.107 million a year ago. Operating loss was USD 2.742 million compared to operating Income of USD 637,845 a year ago. Net loss was USD 2.913 million compared to net income of USD 656,952 a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago. For the full year, sales was USD 38.464 million compared to USD 34.967 million a year ago. Operating loss was USD 1.841 million compared to operating Income of USD 2.145 million a year ago. Net loss was USD 3.185 million compared to net income of USD 866,929 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.03 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. 
