LightPath Company profile
About LightPath Technologies, Inc.
LightPath Technologies, Inc. is engaged in designing, developing, manufacturing and distributing optical components and assemblies utilizing advanced optical manufacturing processes. 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 offers optical subsystems, assemblies, collimators and non-recurring engineering (NRE) products. It serves various markets, including defense and security, optical systems and components, datacom/telecom, information technology, life sciences, machine vision and production technology.
Financial summary
BRIEF: For the six months ended 31 December 2021, LightPath Technologies, Inc. revenues decreased 6% to $18.3M. Net loss increased from $49K to $1.7M. Revenues reflect PMO segment decrease of 58% to $3.8M, Infrared Products segment decrease of 49% to $4.9M. Higher net loss reflects Selling/General/Admin Expense increase of 11% to $5.5M (expense), Other income (expense),net - Balancing decrease from $27K (income) to $91K (expense).
Equity composition
Class A Common $.01 Par, 12/10, 40M auth., 9,706,595 issd., Insiders & Stakeholders own 20.91% , 3/03, 1-for-8 reverse stock split.
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