LightPath Technologies, Inc. (NASDAQ:LPTH) is reporting fourth quarter financial results on Thursday 10th September 2020, after market close.
According to analysts surveyed by Thomson Reuters, LPTH is expected to report 4Q20 revenue of $ 9.00 million.
For the full year, analysts anticipate top line of $ 34.86 million, while looking forward to income of $ 0.02 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 8.70 million ~ $ 9.10 million
Click Here For More Historical Outlooks Of LightPath Technologies, Inc.
Previous Quarter Performance
LightPath Technologies, Inc. reported income for the third quarter of $ 0.03 per share, from the revenue of $ 8.71 million. Wall street analysts are predicting revenue of $ 8.57 million The top line results outshined analysts by $ 0.14 million or 1.63 percent.
Stock Performance
Shares of LightPath Technologies, Inc. traded up $ 0.22 or 10.89 percent on Wednesday, reaching $ 2.24 with volume of 333.50 thousand shares. The stock opened positive for the day at $ 2.09, after closing the previous day trading at $ 2.02.
According to the previous trading day, closing price of $ 2.02, representing a 274.07 % increase from the 52 week low of $ 0.54 and a 58.52 % decrease over the 52 week high of $ 4.87.
The company has a market capital of $ 57.93 million and is part of the Technology sector and Electronic Components industry.
Conference Call
LightPath Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 10th September 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lightpath.com
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical materials used to produce products that manipulate light.
