LightPath Q1 FY2023 revenue $7.4M (-19% YoY), net loss $1.4M ($0.05/share) widens from $632K loss a year ago

LIGHTPATH TECHNOLOGIES INC

2023-Q1 EPS reported -$0.05 revenue$7,366,901

Revenue of $7.4M, down from $9.1M YoY; gross margin fell to 30% from 35%.
Net loss $1.4M ($0.05 per share) vs net loss $632K ($0.02) in Q1 FY2022.
EBITDA loss of $392K vs positive $454K in prior-year quarter.
Backlog reached $23.0M (up 19% YoY); driven by $4M European supply agreement.
Management cites China economic slowdown and Hurricane Ian shutdown as key headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LIGHTPATH TECHNOLOGIES INC reported its fiscal 2023 first quarter ended September 30, 2022 results: revenue approximately $7.4 million, net income Net loss for the first quarter of fiscal 2023 was $1.4 million.

Period: its fiscal 2023 first quarter ended September 30, 2022
Revenue: approximately $7.4 million
Net income: Net loss for the first quarter of fiscal 2023 was $1.4 million
Result: reported results

Exact text from the filing

BD-based product offerings and look forward to announcing those in the coming months.” Fiscal 2023 First Quarter Highlights: · Revenue for the first quarter of fiscal 2023 of $7.4 million · Total backlog at September 30, 2022 of $23.0 million after record backlog of $24.0 million in August 2022 · Net loss for the first quarter of fiscal 2023 was $1.4 million ·

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Source: SEC EDGAR

accession 0001654954-22-015019

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