LightPath Q2 revenue $8.5M (-8% YoY); backlog record $29.4M; gross margin expands to 38%

LIGHTPATH TECHNOLOGIES INC

2023-Q2 EPS reported -$0.08 revenue$15,839,580

Net loss narrowed to $694K ($0.03/share) from $1.1M YoY; EBITDA positive $207K vs -$41K.
Backlog hit $29.4M (+34% YoY) driven by $4M European supply agreement and $2.5M military IR order.
Launched Mantis, first multispectral IR camera; BD6 glass qualified by ESA for space use.
Post-quarter secondary offering raised ~$10M for capacity expansion, debt reduction.
Infrared revenue fell 21% to $4.0M due to contract timing; PMO revenue flat at $3.9M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LIGHTPATH TECHNOLOGIES INC reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $8.5 million, net income Net loss for the second quarter of fiscal 2023 was $694,000.

Period: fiscal 2023 second quarter ended December 31, 2022
Revenue: $8.5 million
Net income: Net loss for the second quarter of fiscal 2023 was $694,000
Result: reported results

Exact text from the filing

standing, reduce our quarterly interest expense and set the stage for growth.” 1 Fiscal 2023 Second Quarter Highlights: · Revenue for the second quarter of fiscal 2023 of $8.5 million · Total backlog at December 31, 2022 of $29.4 million, the highest in many years for the end of a quarter · Net loss for the second quarter of fiscal 2023 was $694,000 · EBITDA*

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

LIGHTPATH TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001654954-23-001538

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