earnings
confidence high
sentiment neutral
materiality 0.60
LightPath Q1 FY2022 revenue $9.1M, net loss $632K, EBITDA $454K, backlog $19.3M
LIGHTPATH TECHNOLOGIES INC
2021-Q1 EPS reported
-$0.02
revenue$9,103,343
- Revenue $9.1M improved from prior quarter; gross margin up 10 percentage points.
- Net loss $632K includes China transition costs; adjusted EBITDA $454K.
- Total backlog $19.3M; cash $4.0M, debt $5.0M, capex $1.2M.
- Launched freeform glass molding tech for AR/VR and LIDAR; three development orders received.
- Chairman, CEO, CFO purchased common shares on open market during the quarter.