LPTH 2.90...this was a 40.00 stock 3 years ago...book is over 4.00...key here is if in fact there numbers are improving as indicated in today's pr there are only 2.81m shares outstanding:
B: LightPath Technologies Projects Second Quarter Financial Resul
s
B: LightPath Technologies Projects Second Quarter Financial Results
ORLANDO, Fla., Jan 07, 2004 /PRNewswire-FirstCall via Comtex/ -- LightPath
Technologies, Inc. (Nasdaq: LPTH), manufacturer and integrator of families of
precision molded aspheric optics, GRADIUM(R) glass products, and high
performance fiber-optic collimators and isolators reported today that projected
results for its second quarter of fiscal 2004 include sales of approximately
$1.9 million. Cash use for the quarter, including capital expenditures, was
approximately $0.8 million.
Ken Brizel, President and Chief Executive Officer of LightPath, commented,
"Revenue has grown 9% in this second quarter of fiscal 2004 over the first
quarter and we continue to make progress towards our key goal: operational cash
flow breakeven. Our sales team has been working to bring us many new
applications, particularly in high-power industrial lasers, adding new revenue
this quarter and additional growth opportunities for future quarters. We are
optimistic as our markets are trending in the right direction. Operationally,
LightPath has seen a good, overall improvement in manufacturing performance
which is helping to drive down our unit cost of goods."
Webcast Details:
LightPath will hold an audio webcast at 2:00 p.m. EST on Tuesday, February 10,
2004 to discuss details regarding the company's performance for the second
quarter. The session may be accessed at www.lightpath.com. A transcript archive
of the webcast will be available for viewing or download on our web site shortly
after the call is concluded.
LightPath manufactures optical products including precision molded aspheric
optics, GRADIUM(R) glass products, proprietary collimator assemblies, laser
components utilizing proprietary automation technology, higher-level assemblies
and packing solutions. LightPath has a strong patent portfolio that has been
granted or licensed to us in these fields. LightPath common stock trades on the
Nasdaq National Market under the stock symbol LPTH. |
