Last $1.25 USD
Change Today -0.01 / -0.79%
Volume 10.0K
LPTH On Other Exchanges
Symbol
Exchange
NASDAQ CM
Munich
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

lightpath technologies inc-a (LPTH) Snapshot

Open
$1.25
Previous Close
$1.26
Day High
$1.26
Day Low
$1.24
52 Week High
03/19/14 - $1.84
52 Week Low
08/7/14 - $1.11
Market Cap
17.9M
Average Volume 10 Days
15.8K
EPS TTM
$0.0050
Shares Outstanding
14.3M
EX-Date
--
P/E TM
250.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for LIGHTPATH TECHNOLOGIES INC-A (LPTH)

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lightpath technologies inc-a (LPTH) Details

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. The company provides precision molded glass aspheric optics, isolator assemblies, proprietary high performance fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light. Its products are used for various applications in industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecom, and machine vision and sensors. The company sells its products directly to customers in North America and China, as well as through distributors and channel partners in Europe, the United States, and internationally; and through its catalog and Internet Website. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.

171 Employees
Last Reported Date: 09/5/13
Founded in 1985

lightpath technologies inc-a (LPTH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $214.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $157.4K
Corporate Vice President of Engineering
Total Annual Compensation: $133.5K
Compensation as of Fiscal Year 2013.

lightpath technologies inc-a (LPTH) Key Developments

LightPath Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

LightPath Technologies, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. Revenue for the third quarter of fiscal 2014 totaled $3.01 million, which was a 6% increase as compared to $2.85 million in the third quarter of fiscal 2013. This increase in revenue primarily reflects growing unit demand for precision molded lenses for the laser tool market. Continued growth in sales for the precision molded lens product line is expected to include demand relating to the telecommunications sector's need for expanded infrastructure to support mobile internet usage, the industrial tool sector, increasing utilization of fiber laser delivery systems, and the digital projection market. Net loss for the third quarter of fiscal 2014 was $133,000, which included the $131,000 non-cash expense for the change in the fair value of the warrant liability and $33,000 for the impact from foreign currency exchange, or $0.01 per basic and diluted common share, compared with net income of $217,000, including the $223,000 non-cash income for the change in the fair value of the warrant liability, or $0.02 per basic and diluted common share for the same period in fiscal 2013. Non-GAAP net loss, which excludes the change in the fair value of the warrant liability, for the third quarter of fiscal 2014 was $3,000 or $0.00 per share compared to non-GAAP net loss of $6,000 or $0.00 per share in the third quarter of fiscal 2013. Operating income was $42,887,000 against $55,881,000 a year ago. Adjusted EBITDA was $129,948,000 against $240,450,000 a year ago. Revenue for the first nine months of fiscal 2014 totaled approximately $8.72 million compared to approximately $8.65 million for the first nine months of fiscal 2013, an increase of 1%. Revenue in the first nine months of the prior fiscal year included $451,000 for a large one-time purchase order from a customer in connection with the Defense Advanced Research Projects Agency ("DARPA") Low Cost Thermal Imaging Manufacturing Program. Net loss for the first nine months of fiscal 2014 was $416,000, which included the $185,000 non-cash expense for the change in the fair value of the warrant liability as well as $97,000 for the additional stock compensation expense incurred with respect to the acceleration of vesting of restricted stock units for a former member of Board of Directors offset by $7,000 of income for foreign currency exchange, or $0.03 per basic and diluted common share, compared with net income of $459,000, which included the $488,000 non-cash income for the change in the fair value of the warrant liability, or $0.04 per basic and diluted common share for the same period in fiscal 2013. Non-GAAP net loss, which excludes the change in the fair value of the warrant liability and additional stock compensation expense, for the first nine months of fiscal 2014 was $231,000 or $0.02 per share compared to non-GAAP net loss of $29,000 or $0.00 per share in the first nine months of fiscal 2013. Operating loss was $205,253,000 against operating income of $4,242,000 a year ago. Adjusted EBITDA was $336,492,000 against $672,208,000 a year ago. Net cash used in operating activities was $127,592,000 against $65,963,000 a year ago. Purchase of property and equipment was $1,362,374,000 against $671,220,000 a year ago.

LightPath Technologies, Inc., Q3 2014 Earnings Call, May 08, 2014

LightPath Technologies, Inc., Q3 2014 Earnings Call, May 08, 2014

LightPath Technologies, Inc. to Report Q3, 2014 Results on May 08, 2014

LightPath Technologies, Inc. announced that they will report Q3, 2014 results on May 08, 2014

 

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TEV/Sales 1.4x
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