LightPath Stock Drops After Q4 Report: Here's Why

Core Insights - LightPath Technologies, Inc. reported a larger-than-expected loss for the fourth quarter, with losses of 16 cents per share, missing the analyst estimate of 4 cents [1] - The company's quarterly revenue was $12.21 million, slightly beating the Street estimate of $12.2 million and showing a significant increase from $8.63 million in the same period last year [2] - CEO Sam Rubin emphasized the company's strategic shift away from Germanium optics towards proprietary BlackDiamond glass and complete IR camera systems, indicating a focus on key defense verticals [3] Financial Performance - Fourth-quarter loss: 16 cents per share, compared to the expected loss of 4 cents [1] - Quarterly revenue: $12.21 million, exceeding the estimate of $12.2 million and up from $8.63 million year-over-year [2] Stock Performance - LightPath Technologies stock fell by 14.31%, trading at $5.57 in extended trading following the earnings report [3]