LightPath reports Q3 FY2023 revenue $7.4M, net loss $1.2M, raises $10M equity for expansion

LIGHTPATH TECHNOLOGIES INC

2023-Q3 EPS reported -$0.11 revenue$23,249,228

Revenue $7.4M; net loss $1.2M; EBITDA loss $242,000 for fiscal Q3 ended March 31, 2023.
Total backlog $26.6M at March 31, 2023.
Completed oversubscribed equity raise of $10M ($9.2M net) in January 2023 to fund growth.
Orlando facility expansion: phase one complete; phase two expected in H2 calendar 2023.
CEO cites construction disruption causing shipment delays in Q3; normal operations resumed.

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 third quarter ended March 31, 2023 results: revenue $7.4 million, net income net loss ... was $1.2 million.

Period: fiscal 2023 third quarter ended March 31, 2023
Revenue: $7.4 million
Net income: net loss ... was $1.2 million
Result: reported results

Exact text from the filing

of our newer products and materials in various defense and government initiatives.” Fiscal 2023 Third Quarter Highlights: · Revenue for the third quarter of fiscal 2023 of $7.4 million · Total backlog at March 31, 2023 of $26.6 million · Net loss for the third quarter of fiscal 2023 was $1.2 million · EBITDA* loss for the third quarter of fiscal 2023 was

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Source: SEC EDGAR

accession 0001654954-23-006203

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