LightPath Q3 FY2022 revenue falls 22% to $8.3M; net loss $495K

LIGHTPATH TECHNOLOGIES INC

2022-Q3 EPS reported -$0.08 revenue$26,651,929

Revenue $8.3M, down 22% YoY from $10.7M; net loss $495K ($0.02/sh) vs $223K loss prior year.
IR product revenue fell 42% to $3.7M; PMO up 3% to $4.0M; specialty up 64% to $547K.
Gross margin improved to 37% from 36% on favorable mix toward higher-margin PMO products.
Total backlog $19.7M, down 8% from $21.3M; EBITDA $647K vs $1.1M a year ago.

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