LIGHTPATH TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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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.
Dec 31, 2024 · Filed Feb 13, 2025
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)
| LIGHTPATH TECHNOLOGIES, INC. | ||||
|---|---|---|---|---|
| Condensed Consolidated Statements of Comprehensive Income (Loss) | ||||
| (unaudited) | ||||
| Three Months Ended · Six Months Ended | ||||
| December 31, | December 31, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue, net | $7,424,829 | $7,315,637 | $15,825,210 | $15,392,885 |
| Cost of sales | 5,493,998 | 5,147,316 | 11,049,950 | 10,892,858 |
| Gross profit | 1,930,831 | 2,168,321 | 4,775,260 | 4,500,027 |
| Operating expenses: | ||||
| Selling, general and administrative | 3,356,063 | 2,858,457 | 6,626,646 | 5,519,625 |
| New product development | 764,396 | 607,747 | 1,240,837 | 1,247,636 |
| Amortization of intangible assets | 294,711 | 485,446 | 690,487 | 766,717 |
| Loss on disposal of property and equipment | — | — | 78,437 | — |
| Total operating expenses | 4,415,170 | 3,951,650 | 8,636,407 | 7,533,978 |
| Operating loss | (2,484,339) | (1,783,329) | (3,861,147) | (3,033,951) |
| Other income (expense): | ||||
| Interest expense, net | (169,053) | (53,788) | (318,413) | (111,399) |
| Other income, net | 85,920 | 199,512 | 4,979 | 204,915 |
| Total other expense, net | (83,133) | 145,724 | (313,434) | 93,516 |
| Loss before income taxes | (2,567,472) | (1,637,605) | (4,174,581) | (2,940,435) |
| Income tax provision | 44,525 | 76,058 | 60,161 | 115,604 |
| Net loss | $(2,611,997) | $(1,713,663) | $(4,234,742) | $(3,056,039) |
| Foreign currency translation adjustment | (451,035) | 259,973 | (179,441) | 134,765 |
| Comprehensive loss | $(3,063,032) | $(1,453,690) | $(4,414,183) | $(2,921,274) |
| Loss per common share (basic) | $(0.07) | $(0.05) | $(0.11) | $(0.08) |
| Number of shares used in per share calculation (basic) | 39,728,933 | 37,501,683 | 39,645,206 | 37,466,714 |
| Loss per common share (diluted) | $(0.07) | $(0.05) | $(0.11) | $(0.08) |
| Number of shares used in per share calculation (diluted) | 39,728,933 | 37,501,683 | 39,645,206 | 37,466,714 |
| The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | ||||
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