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LightPath Technologies shared its earnings call, showing a 38% rise in sales to $20.8 million.

ResultsRead the original at Benzinga
Good for LPTH

LightPath's sales rose 38%, gross margin reached 41.4%, and backlog hit $132.9 million. Research spending doubled to $2 million and supply-chain challenges remain, but stronger orders and margins lead the outlook.

LPTH · LightPath Technologies

AI read · Good for LPTH

The AI's read

That gives LightPath more orders to fill and shows its shift toward cameras and optical assemblies is bringing in more sales. These products made up 51% of sales, compared with 40% a year ago, and the company says they earn higher margins. Research spending more than doubled, and supply-chain challenges could make growth harder to deliver. Still, stronger margins and a large order backlog support a favorable read.

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