LIGHTPATH TECHNOLOGIES INC
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
LPTH$7.99-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)
Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| March 31, | March 31, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Revenue, net | $19,149,814 | $9,167,627 | $50,559,747 | $24,992,837 |
| Cost of sales | 12,193,531 | 6,503,526 | 33,100,562 | 17,553,476 |
| Gross profit | 6,956,283 | 2,664,101 | 17,459,185 | 7,439,361 |
| Operating expenses: | ||||
| Selling, general and administrative | 6,296,286 | 4,448,359 | 16,539,617 | 11,075,005 |
| New product development | 1,041,794 | 757,938 | 2,658,051 | 1,998,775 |
| Amortization of intangible assets | 477,245 | 779,025 | 1,378,295 | 1,469,512 |
| Change in fair value of acquisition earnout liabilities | 3,393,000 | 130,445 | 12,234,529 | 130,445 |
| Loss on disposal of property and equipment | — | 2,068 | 4,016 | 80,505 |
| Total operating expenses | 11,208,325 | 6,117,835 | 32,814,508 | 14,754,242 |
| Operating loss | (4,252,042) | (3,453,734) | (15,355,323) | (7,314,881) |
| Other income (expense): | ||||
| Interest income (expense), net | 271,641 | (486,833) | (282,235) | (805,246) |
| Loss on extinguishment of debt | — | (418,502) | (506,280) | (418,502) |
| Change in fair value of warrant liability | — | 870,554 | — | 870,554 |
| Other expense (income), net | (34,496) | 6,086 | (57,644) | 11,065 |
| Total other income (expense) | 237,145 | (28,695) | (846,159) | (342,129) |
| Loss before income taxes | (4,014,897) | (3,482,429) | (16,201,482) | (7,657,010) |
| Income tax provision | 91,390 | 100,031 | 203,216 | 160,192 |
| Net loss | $(4,106,287) | $(3,582,460) | $(16,404,698) | $(7,817,202) |
| Foreign currency translation adjustment | 1,739 | 120,572 | 306,981 | (58,869) |
| Comprehensive loss | $(4,104,548) | $(3,461,888) | $(16,097,717) | $(7,876,071) |
| Loss per common share (basic) | $(0.07) | $(0.09) | $(0.33) | $(0.19) |
| Number of shares used in per share calculation (basic) | 58,628,741 | 41,363,643 | 49,572,872 | 40,209,657 |
| Loss per common share (diluted) | $(0.07) | $(0.09) | $(0.33) | $(0.19) |
| Number of shares used in per share calculation (diluted) | 58,628,741 | 41,363,643 | 49,572,872 | 40,209,657 |
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