Filing Flows › Lightpath Technologies (LPTH) › Q3 FY25
Lightpath Technologies (LPTH) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 20, 2025
Lightpath Technologies (LPTH) reported revenue of $9.2M for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and +23% from the quarter before. Operating margin was -37.7%, net loss $3.6M (39.1% of revenue).
Lightpath Technologies, Q3 FY25: revenue $9.2M (+19% year over year), operating margin -37.7%, net loss $3.6M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2M | +23% | +19% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.6M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $9.2M in Q3 FY25, up 19% year over year and up 23% from the previous quarter. Infrared Components was the largest line at 40% of revenue. Assemblies and Modules added $1.0M year over year (up 123%), 70% of the total change.
Gross margin was 29.1%, up 8.2 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -37.7%. Operating expenses grew 46% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+104%). The quarter ended with a net loss of $3.6M, wider than the previous quarter's $2.6M loss.
Operating cash flow was −$3.2M. Non-cash charges added back $1.5M of depreciation and amortization and $239K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $421K exceeded it, leaving free cash flow of −$3.7M.
Questions
What was Lightpath Technologies' revenue in the third quarter fiscal 2025?
Lightpath Technologies (LPTH) reported revenue of $9.2M for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and +23% from the quarter before.
Was Lightpath Technologies profitable in the third quarter fiscal 2025?
Operating loss was $3.5M (-37.7% of revenue) and net loss $3.6M.