LightPath Technologies Reports 61% Revenue Increase With Fiscal 2016 First Quarter Financial Results

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Go back to LightPath Technologies Reports 61% Revenue Increase With Fiscal 2016 First Quarter Financial Results

Lightpath Technologies (LPTH) Tops Q1 EPS by 5c

November 5, 2015 5:18 PM EST

Lightpath Technologies (NASDAQ: LPTH) reported Q1 EPS of $0.06, $0.05 better than the analyst estimate of $0.01. Revenue for the quarter came in at $4.2 million versus the consensus estimate of $3.7 million.

Jim Gaynor, President and Chief Executive Officer of LightPath, commented, "I am pleased to report excellent results for the first quarter of fiscal 2016, which is the fourth consecutive quarter of strong financial performance and improvement in our financial fundamentals. We continued to see impressive revenue growth of our infrared products and specialty products. After a prolonged period of a continuing sluggish... More