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Last $2.01 USD
Change Today -0.02 / -0.99%
Volume 281.3K
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

lightpath technologies inc-a (LPTH) Snapshot

Open
$2.03
Previous Close
$2.03
Day High
$2.11
Day Low
$1.95
52 Week High
06/9/15 - $2.49
52 Week Low
12/30/14 - $0.80
Market Cap
30.6M
Average Volume 10 Days
184.1K
EPS TTM
$-0.09
Shares Outstanding
15.2M
EX-Date
--
P/E TM
--
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, 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, machine vision and sensors, and others. 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. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.

175 Employees
Last Reported Date: 09/4/14
Founded in 1985

lightpath technologies inc-a (LPTH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $279.0K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $190.8K
Executive Vice President of Operations
Total Annual Compensation: $174.3K
Compensation as of Fiscal Year 2014.

lightpath technologies inc-a (LPTH) Key Developments

LightPath Technologies, Inc. Announces Infrared 40 Degree Field of View Molded Optical Lens

LightPath Technologies, Inc. announced that its Infrared 40 degree Field of View molded optical lens assembly has been selected for use in the manufacture of firefighting thermal imaging cameras by a supplier of integrated products and technologies for defense departments and federal, state and municipal government agencies worldwide. A thermographic camera (also called an infrared camera or thermal imaging camera) is a device that forms an image using infrared radiation, similar to a common camera that forms an image using visible light. Instead of the 450-750 nanometer range of the visible light camera, infrared cameras operate in wavelengths as long as 14,000 nm (14 m). Fire fighters may rely in part on a thermal imaging camera to navigate their way through a burning structure; therefore most imagers employ a wide FOV in the range of 40 to 60. There are few cases in which a fire fighter would need to focus on an object less than 1 meter away, which encourages the use of relatively robust and lower cost fixed focal length optics that focus from 1 meter to infinity. LightPath's catalog offers an optic products line that meets these and other specifications. LightPath continues to develop improved capabilities for its IR product line and now offers two types of chalcogenide IR glass materials and several anti-reflective coating options that will cover most requirements in the commercial and military high-volume and small-size application markets. LightPath's new catalog offering of IR lens assemblies is stimulating interest in many areas of the market. LightPath is working closely with customer partners to develop both build-to-print and custom optics for new markets.

LightPath Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

LightPath Technologies, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. The company reported, revenue for the third quarter of fiscal 2015 totaled approximately $3.2 million, which was an increase of $193,000, or 6%, as compared to the same period of the prior fiscal year. The increase from the third quarter of the prior fiscal year is attributable to an increase in sales of specialty products and an increase in sales of infrared products. Total operating income for the third quarter of fiscal 2015 was approximately $206,000, compared to approximately $43,000 for the same period in fiscal 2014. Net income for the third quarter of fiscal 2015 was approximately $90,000 (including the $106,000 non-cash expense for the change in value of the warrant liability), or $0.01 per basic and diluted common share, compared with a net loss of $133,000 (including the $131,000 non-cash expense for the change in value of the warrant liability), or $0.01 per basic and diluted common share, for the same period in fiscal 2014. Earnings before interest, taxes, depreciation, and amortization ("EBITDA") for the third quarter of fiscal 2015 was approximately $210,000 compared to a loss of approximately $1,000 in the third quarter of fiscal 2014. The difference in EBITDA between periods was principally caused by higher net income recognized in the three months ended March 31, 2015. Adjusted EBITDA was $315,106,000 compared to $129,948,000 for the same period a year ago. The company reported, revenue for the nine months of fiscal 2015 totaled approximately $9.2 million, an increase of $432,000, or 5%, as compared to the same period of the prior fiscal year. The increase from the first nine months of the prior fiscal year was attributable to an increase of 5% in sales of specialty products and a 170% increase in sales of infrared products. Total operating loss for the first nine months of fiscal 2015 was approximately $709,000 compared to an operating loss of approximately $205,000 for the same period in fiscal 2014. Net loss for the first nine months of fiscal 2015 was approximately $348,000 (including the $375,000 non-cash income for the change in value of the warrant liability), or $0.02 per basic and diluted common share, compared with a net loss of $416,000 (including the $185,000 non-cash expense for the change in value of the warrant liability), or $0.03 per basic and diluted common share for the same period in fiscal 2014. EBITDA was $70,374,000 compared to $151,829,000 for the same period a year ago. Adjusted EBITDA which takes into account the change in value of the warrant liability was approximately $305,000 for the nine months ended March 31, 2015, compared to approximately $336,000 for the same period last year. The difference in Adjusted EBITDA between periods was principally caused by a lower net loss recognized in the nine months ended March 31, 2015, as well as lower depreciation, offset by higher expense related to the change in the fair value of warrant liability with respect to the June 2012 Warrants during the nine months ended March 31, 2015. Net cash used in operating activities was $568,313,000 compared to $127,592,000 for the same period a year ago. Purchase of property and equipment was $520,733,000 compared to $1,362,374,000 for the same period a year ago.

LightPath Technologies, Inc. to Report Q3, 2015 Results on May 07, 2015

LightPath Technologies, Inc. announced that they will report Q3, 2015 results at 4:30 PM, US Eastern Standard Time on May 07, 2015

 

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Industry Analysis

LPTH

Industry Average

Valuation LPTH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.5x
Price/Book 3.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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