Skip to main content

LIGHTPATH TECHNOLOGIES INC

For the period ended Mar 31, 2025. Filed May 20, 2025.

View on SEC.gov

About this filing

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, 2025 · Filed May 20, 2025

LPTH$7.99-0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ____________

Commission file number 000-27548

LIGHTPATH TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware86-0708398
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification No.)

2603 Challenger Tech Ct. Suite 100

Orlando, Florida 32826

(Address of principal executive offices)

(ZIP Code)

(407)382-4003

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A CommonStock, par value $0.01LPTHThe Nasdaq StockMarket, LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES☐ NO ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

42,898,936 shares of Class A common stock, $0.01 par value, outstanding as of May 13, 2025.

Form 10-Q

Index

Item · Page
Cautionary Note Concerning Forward-Looking Statements3
Part IFinancial Information
Item 1Financial Statements4
Unaudited Condensed Consolidated Balance Sheets4
Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)5
Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity6
Unaudited Condensed Consolidated Statements of Cash Flows7
Notes to Unaudited Condensed Consolidated Financial Statements8
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations26
Results of Operations28
Liquidity and Capital Resources32
Critical Accounting Policies and Estimates34
How We Operate34
Non-GAAP Financial Measures37
Item 3Quantitative and Qualitative Disclosures about Market Risk38
Item 4Controls and Procedures38
Part IIOther Information
Item 1Legal Proceedings39
Item 1ARisk Factors39
Item 2Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities39
Item 3Defaults Upon Senior Securities39
Item 4Mine Safety Disclosures39
Item 5Other Information39
Item 6Exhibits40
Signatures41
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.