LightPath Technologies Inc (OQ:LPTH)
Business Focus: Office Equipment
| Sector: Technology | Industry: Office Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 100, 2603 CHALLENGER TECH CT ORLANDO FL 32826 |
| Tel: | 1-561-3740177 |
| Website: | https://www.lightpath.com |
| IR: | See website |
| Key People | ||
| Shmuel Rubin President, Chief Executive Officer, Director | Albert Miranda Chief Financial Officer | |
| Business Overview |
| LightPath Technologies, Inc. is a vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. The Company designs and manufactures optical and infrared components, including molded glass aspheric lenses and assemblies, custom molded glass freeform lenses, infrared lenses and thermal imaging assemblies, fused fiber collimators, and Black DiamondTM (BD6) chalcogenide-based glass lenses. Its business is organized into three product groups: Precision molded optics (PMO), infrared products and specialty products. Its PMO product group consists of visible precision molded optics with varying applications. Its infrared product group is comprised of infrared optics, both molded and diamond-turned, and thermal imaging assemblies. Its specialty product group is comprised of value-added products, such as optical subsystems, assemblies, collimators, and non-recurring engineering (NRE) products. |
| Financial Overview |
| For the six months ended 31 December 2023, LightPath Technologies Inc revenues decreased 3% to $15.4M. Net loss increased 47% to $3.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects New product development increase of 23% to $1.2M (expense), Amortization of intangibles increase of 36% to $767K (expense). |
| Employees: | 320 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $55.27M as of Dec 31, 2023 |
| Annual revenue (TTM): | $32.49M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.34M as of Dec 31, 2023 |
| Net annual income (TTM): | -$5.03M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.36M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 38,022,003 as of Feb 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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