Revenue Update on LightPath Technologies(NASDAQ:LPTH)

LightPath Technologies(NASDAQ:LPTH) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 15, 2016. Company reported revenue of $4.73M. Analysts estimated a revenue of $4.00M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.02.

LightPath Technologies (LPTH) shares turned negative on Tuesdays trading session with the shares closing down -0.15 points or -7.98% at a volume of 3,68,106. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.896. The peak price level was also seen at $1.896 while the days lowest was $1.69. Finally the shares closed at $1.73. The 52-week high of the shares is $3.79 while the 52-week low is $1.419. According to the latest information available, the market cap of the company is $27 M.

Several Insider Transactions has been reported to the SEC. On Jul 8, 2016, Dorothy M Cipolla (CFO) purchased 605 shares at $1.57 per share price.Also, On Jul 8, 2016, Alan Symmons (Executive VP- Operations) purchased 637 shares at $1.57 per share price.On Jul 8, 2016, Joseph J Jr Gaynor (CEO) purchased 1,784 shares at $1.57 per share price, according to the Form-4 filing with the securities and exchange commission.

LightPath Technologies Inc. is a manufacturer and integrator of families of precision molded aspheric optics fiber-optic collimator GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs develops manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies. It also performs research and development for optical solutions for the traditional optics markets and communications markets. Its products are integrated into a range of applications including defense products medical devices laser aided industrial tools automotive safety applications barcode scanners optical data storage telecom machine vision and sensors among others. It is evaluating its business based on five product groups: low volume precision molded optics (LVPMO) high volume precision molded optics (HVPMO) specialty products infrared products and non-recurring engineering (NRE).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *