LightPath Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• LightPath Technologies Inc LPTH reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of five analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -5 cents to -3 cents per share.

• Revenue rose 41.4% to $12.21 million from a year ago; analysts expected $12.20 million.

• LightPath Technologies Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $7.06 million.

• LightPath Technologies Inc shares had risen by 122.7% this quarter and gained 94.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the office equipment peer group is also "buy"

• Wall Street's median 12-month price target for LightPath Technologies Inc is $5.50, about 24.7% below its last closing price of $6.86

This summary was machine generated from LSEG data September 25 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)