Welcome to our dedicated page for Lightpath Technologies news (Ticker: LPTH), a resource for investors and traders seeking the latest updates and insights on Lightpath Technologies stock.
LightPath Technologies, Inc. reports developments in next-generation optics and imaging systems for defense and commercial applications. Company news commonly covers fiscal results, order backlog, purchase orders for cooled infrared cameras, and demand for infrared cameras, assemblies, and BlackDiamond optical solutions.
Updates also address the company's vertically integrated manufacturing strategy, domestic production footprint, completed acquisitions such as G5 Infrared and Amorphous Materials, sales leadership changes, investor presentations, and manufacturing-recognition awards.
LightPath Technologies (NASDAQ: LPTH) has announced the scheduling of its fiscal 2021 Q1 financial results release on November 5, 2020, after market close. The company will hold a conference call at 4:30 PM ET where investors can dial-in or join through a webcast. Participants are advised to join 10 minutes early, with a replay available until November 19, 2020. LightPath specializes in manufacturing optical and infrared components for various industries, including defense and telecommunications.
LightPath Technologies reported its fourth quarter and full fiscal year results for 2020, showing a 4% revenue growth to $9.1 million in Q4 and $35 million for the year. Gross margin improved significantly, reaching 39% in Q4 and 40% for the year, compared to 32% and 37% respectively in the prior year. Net income of $657,000 in Q4 contrasts sharply with a $1.8 million loss last year. The company's backlog grew 11% to $19.1 million, reflecting strong demand in optics. Despite challenges from COVID-19, the new CEO aims to enhance growth and operational efficiency.
LightPath Technologies (NASDAQ:LPTH) is set to participate in several upcoming investor events, highlighted by a Fourth Quarter 2020 Conference Call on September 10, 2020, at 4:30 PM ET. The conference will discuss financial results for the fiscal year ending June 30, 2020. Other events include LD Micro's LD-500 Virtual Event on September 1, Sidoti & Company Conference on September 23, and the MicroCap Leadership Summit on September 25. Presentations and details can be accessed via LightPath's investor relations webpage.
LightPath Technologies (NASDAQ:LPTH) has scheduled several upcoming investor events, including LD Micro's LD-500 Virtual Event on September 1, 2020, and a Fourth Quarter 2020 Investor Conference Call on September 10, 2020 at 4:30 PM ET to discuss its fiscal performance. The company will also participate in the Sidoti & Company Fall Investor Conference on September 23, 2020, and the Virtual MicroCap Leadership Summit on September 25, 2020. Details for joining these presentations will be available on LightPath's website ahead of each event.