earnings
confidence high
sentiment neutral
materiality 0.60
LightPath Q4 revenue $9.7M, FY revenue $32.9M; net loss $4.0M for FY2023
LIGHTPATH TECHNOLOGIES INC
- Q4 revenue $9.7M; FY revenue $32.9M (down YoY); backlog $21.7M at June 30, 2023.
- Net loss $0.8M Q4, $4.0M FY; EBITDA $0.1M Q4, EBITDA loss $0.4M FY.
- Acquired Visimid Technologies (closed July 2023); partnered with Edmund Optics for infrared component distribution.
- CEO cites positive trends in automotive, defense, camera; U.S. DOT emergency braking rule highlights thermal imaging.
- China's Germanium export limits create opportunity for LightPath's alternatives; DOD funding for qualification.