LightPath Technologies First Quarter 2023 Earnings: Misses Expectations – Yahoo Finance
Key Financial Results
Revenue: US$7.37m (down 19% from 1Q 2022).
Net loss: US$1.38m (loss widened by 118% from 1Q 2022).
US$0.051 loss per share (further deteriorated from US$0.023 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LightPath Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 150%.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company’s shares are up 2.0% from a week ago.
Risk Analysis
Be aware that LightPath Technologies is showing 2 warning signs in our investment analysis that you should know about…
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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