secwatch.observer — SEC 8-K summary
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Issuer:     LIGHTPATH TECHNOLOGIES INC (LPTH)
CIK:        0000889971
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001654954-24-012099
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LightPath Q4 revenue down 11% to $8.6M; net loss widens to $2.4M; FY24 loss $8.0M
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- Q4 FY2024 revenue $8.6M (-11% YoY); full-year revenue $31.7M (-4% YoY).
- Q4 net loss $2.4M ($0.06/sh) vs $0.8M loss a year ago; FY net loss $8.0M ($0.21/sh) vs $4.0M.
- Q4 gross margin 29% vs 32% prior year; FY gross margin 27% vs 34%; inventory write-down impacted.
- Key milestone: qualified for Lockheed Martin US Army missile program; shipping air-worthy units.
- Backlog $19.3M (-11% YoY); cash from operations improved to +$0.5M from -$2.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889971/000165495424012099/0001654954-24-012099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889971/000165495424012099/lpth_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-012099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer