Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Lightpath Technologies (LPTH)
NASDAQ:LPTH
RESEARCH TOOLSreports
Holding LPTH?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$0.04Last Year’s EPS
-$0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 70.25%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, with promising growth in new markets and successful strategic shifts contributing to revenue and profit increases. However, increased expenses and continued net losses present challenges. The potential for significant contracts in the defense sector could transform the company's financial outlook, though dependency on these outcomes introduces risk.Company Guidance
During the Q1 2025 earnings call for LightPath Technologies, the company's executives provided guidance highlighting a 4% increase in revenue to $8.4 million compared to the previous year. They emphasized their strategic shift from being a component supplier to a system provider, which has resulted in 30% of their revenue now coming from new product lines. The gross profit margin improved to 34%, up from 29% a year ago, driven by a favorable product mix. Operating expenses rose by 23% to $3.3 million, primarily due to increased legal and marketing spending. The net loss was $1.6 million, or $0.04 per share. The executives also discussed their ongoing defense contracts, including a transformative project with Lockheed Martin, which could potentially bring in $50 to $100 million in annual revenue. They expressed optimism about their camera business, which is expected to grow significantly in the next several months, bolstered by new product launches and strategic market positioning.Revenue Growth and Product Mix
Revenue for the first quarter of fiscal 2025 increased 4% to $8.4 million compared to $8.1 million in the same year-ago quarter. Gross profit increased 22% to $2.8 million or 34% of total revenues, driven by a favorable product mix.
Defense and Government Sector Expansion
LightPath received Phase 2 funding from the DoD to support the qualification of new Black Diamond materials. Additionally, they secured new European defense contracts, expanding their defense business beyond the U.S.
Strategic Transformation Success
30% of revenue now comes from system-level solutions, a significant increase since the strategic shift to subsystems and solutions, capitalizing on proprietary technologies.
Lockheed Martin Program Progress
Achieved airworthy qualification for a subsystem in the Lockheed Martin missile program, with potential revenues between $50 million to $100 million annually if Lockheed wins against Raytheon.
Camera Business and Market Expansion
New camera products like the MANTIS and Optical Gas Imaging cameras are gaining traction, with significant growth expected in the industrial and defense sectors.
---
LPTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LPTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.58 | $1.56 | -1.27% |
| Sep 19, 2024 | $1.27 | $1.26 | -0.79% |
| May 09, 2024 | $1.33 | $1.44 | +8.27% |
| Feb 08, 2024 | $1.55 | $1.62 | +4.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Lightpath Technologies (LPTH) report earnings?
Lightpath Technologies (LPTH) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Lightpath Technologies (LPTH) earnings time?
Lightpath Technologies (LPTH) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPTH EPS forecast?
LPTH EPS forecast for the fiscal quarter 2025 (Q2) is -$0.04.
---