LightPath Q2 FY22 revenue $9.2M, net loss $1.1M; backlog $21.9M, freeform optics pipeline expands

LIGHTPATH TECHNOLOGIES INC

2021-Q2 EPS reported -$0.06 revenue$18,346,517

Revenue $9.2M for quarter ended Dec 31, 2021; net loss $1.1M includes China management transition costs.
EBITDA loss $41K; cash $5.1M, total debt $4.7M as of Dec 31, 2021.
Backlog grew to $21.9M; high-volume freeform optics projects rose from 3 to 8, each $1M-$5M potential annual revenue.
Won 2022 SPIE Prism Award for freeform manufacturing; secured exclusive optical license from U.S. Naval Research Laboratory.
Renewed annual IR vision lens supply agreement valued over $4.2M; European Space Agency funded materials commercialization.

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