Lightpath Technologies, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 06, 2021 at 02:07 pm EDT
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LightPath Technologies, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 10.701 million compared to USD 8.708 million a year ago. Operating income was USD 166,657 compared to USD 1.062 million a year ago. Net loss was USD 222,564 compared to net income of USD 816,017 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. For the nine months, sales was USD 30.132 million compared to USD 25.860 million a year ago. Operating income was USD 901,111 compared to USD 1.507 million a year ago. Net loss was USD 272,041 compared to net income of USD 209,977 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 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. 
