LightPath Q1 revenue $8.1M, net loss $1.3M; acquires Visimid, wins Lockheed missile design deal

LIGHTPATH TECHNOLOGIES INC

2024-Q1 EPS reported -$0.04 revenue$8,077,248

Revenue $8.1M, net loss $1.3M, EBITDA loss $0.4M; backlog $21.3M as of Sept 30, 2023.
Acquired Visimid Technologies, adding end-to-end custom imaging cores and early design involvement capabilities.
Partnered with Lockheed Martin to design optical head for missile program; $7.5M design phase for 100 units; potential production revenue.
Launched High Framerate LWIR Thermal Imaging Cores for industrial and defense applications.

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