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

LightPath Technologies

12/05/2022 22:02

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
March. The mean expectation of two analysts for the quarter was
for a loss of 3 cents per share.
    * Revenue fell 22.4% to $8.31 million from a year ago; 
analysts
expected $9.80 million. 
    * LightPath Technologies Inc's reported EPS for the quarter
was a
loss of 2 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1,000.9% 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 fallen by 38.1% this
quarter and lost 50.0% so far this year.
    * The company reported a quarterly loss of $495 thousand.
    * Wall Street's median 12-month price target for LightPath
Technologies Inc is $3.50 
    * 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 May 12 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated