earnings
confidence high
sentiment negative
materiality 0.70
LightPath FY2021 revenue up 10% to $38.5M but net loss of $3.2M vs prior-year income; Q4 loss deepens
LIGHTPATH TECHNOLOGIES INC
- Full-year revenue $38.5M (+10% YoY); net loss $3.2M vs net income $867K in FY2020.
- Q4 revenue $8.3M (-9% YoY); net loss $2.9M vs net income $657K in Q4 2020.
- EBITDA fell to $1.5M (FY2021) from $5.4M; Q4 EBITDA loss of $2.0M vs $1.7M gain.
- Backlog $21.3M at June 30, 2021, down from $21.9M; cash rose 26% to $6.8M.
- Losses attributed to higher operating expenses from China management changes and non-recurring costs.