LightPath Q3 FY2024 revenue $7.6M, net loss $2.6M; backlog $22M; Lockheed milestone delivered

LIGHTPATH TECHNOLOGIES INC

2024-Q3 EPS reported -$0.15 revenue$23,092,060

Revenue $7.6M, net loss $2.6M, EBITDA loss $1.5M for fiscal Q3 ended March 31, 2024.
Total backlog $22.0M; 18% of revenue from LightPath 2.0 (customized lens assemblies/solutions).
Delivered first milestone on Lockheed Martin phase one order ($4.7M of $7.5M design phase) for missile program.
Received European Defense license to supply products directly to EU defense market.
Commercial launch of BDNL-4 glass; first design win for new BDNL materials for airborne DoD program.

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 0.9

LIGHTPATH TECHNOLOGIES INC reported the fiscal 2024 third quarter ended March 31, 2024 results: revenue $7.6 million, net income $2.6 million.

Period: the fiscal 2024 third quarter ended March 31, 2024
Revenue: $7.6 million
Net income: $2.6 million
Result: reported results

Exact text from the filing

Revenue of $7.6 million for the third quarter of fiscal 2024 - 18% of revenue was for customized lens assemblies and solutions and related engineering services, or LightPath 2.0 as we refer to these product groups · Total backlog at March 31, 2024 of $22.0 million · Net loss for the third quarter of fiscal 2024 was $2.6 million

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Source: SEC EDGAR

accession 0001654954-24-005882

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