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

LightPath Technologies

14/09/2023 22:02

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for a loss of one cent per share.
    * Revenue rose 8.7% to $9.68 million from a year ago;
analysts
expected $9.17 million. 
    * The mean earnings estimate of analysts was unchanged 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 25.9% this
quarter and gained 39.3% so far this year.
    * Wall Street's median 12-month price target for LightPath
Technologies Inc is $3.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 14 at 09:02 p.m. UTC. ​All figures in US dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.01          -0.02          Missed
 Mar. 31 2023      -0.03          -0.03          Met
 Dec. 31 2022      -0.05          -0.03          Beat
 Sep. 30 2022      0.01           -0.05          Missed