LightPath Technologies Inc reports results for the quarter ended in December - Earnings Summary

LightPath Technologies

09/02/2023 22:50

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for a loss of 5 cents per share.
    * Revenue fell 8.3% to $8.47 million from a year ago;
analysts
expected $8.02 million. 
    * LightPath Technologies Inc's reported EPS for the quarter
was a
loss of 3 cents​.
    * The mean earnings estimate of analysts had fallen by
about 400%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * LightPath Technologies Inc shares had risen by 32.8% this
quarter.
    * The company reported a quarterly loss of $694 thousand.
    * Wall Street's median 12-month price target for LightPath
Technologies Inc is $2.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
9 at 10:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.05          -0.03          Beat
 Sep. 30 2022      0.01           -0.05          Missed
 Jun. 30 2022      -0.02          -0.05          Missed
 Mar. 31 2022      -0.03          -0.02          Beat