LightPath Technologies Analysts Raise Their Forecasts Following Q4 Results

Group 1 - LightPath Technologies reported a fourth-quarter loss of 16 cents per share, which was wider than the analyst estimate of a 4-cent loss [1] - Quarterly revenue was $12.21 million, slightly beating the Street estimate of $12.2 million and showing an increase from $8.63 million in the same period last year [1] - The company's CEO, Sam Rubin, emphasized a strategic shift away from Germanium optics towards scaling their proprietary BlackDiamond glass for defense applications and moving into complete IR camera systems [2] Group 2 - Following the earnings announcement, LightPath shares increased by 17.5% to $7.64 [2] - HC Wainwright & Co. analyst Scott Buck maintained a Buy rating on LightPath and raised the price target from $7 to $8 [7] - Lake Street analyst Jaeson Schmidt also maintained a Buy rating and increased the price target from $4 to $7.5 [7]