LightPath Technologies rises, says no direct impact of COVID-19 on business

LightPath Technologies

09/04/2020 17:00

** U.S. industrial lens maker's shares  LPTH.O  rise as much
as 9.9% to a one-month peak of $1.33, set for second straight
session of gains 
    ** CEO Sam Rubin says co has not seen any direct impact of
COVID-19 on business  urn:newsml:reuters.com:*:nACSZftt7a
    ** But Rubin warns as economic conditions worsen, the
pandemic could hurt demand from customers
    ** Says preliminary revenue for quarter ended March between
$8.4 mln and $8.7 mln, vs. $7.9 mln a year earlier 
    ** Says preliminary 12-month backlog between $18 mln and $20
mln as of March 31, 2020, vs. $17 mln a year earlier 
    ** Stock is up nearly 80% YTD 

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))