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

LightPath Technologies

11/05/2023 22:03

* LightPath Technologies Inc  LPTH.OQ  reported a quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
March. The mean expectation of two analysts for the quarter was
for a loss of 4 cents per share.
    * Revenue fell 10.8% to $7.41 million from a year ago;
analysts
expected $7.17 million. 
    * The mean earnings estimate of analysts had risen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * LightPath Technologies Inc shares had fallen by 2.8% this
quarter and gained 12.3% 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.02          -0.05          Missed