LIGHTPATH TECHNOLOGIES INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37.2M | $31.7M | $32.9M | $35.6M | $38.5M | $35.0M | $33.7M | $32.5M |
| Cost of Revenue | $27.1M | $23.1M | $21.9M | $23.7M | $25.0M | $21.1M | $21.2M | $20.0M |
| Gross Profit | $10.1M | $8.6M | $11.1M | $11.8M | $13.4M | $13.8M | $12.5M | $12.5M |
| Gross Margin | 27.2% | 27.2% | 33.6% | 33.2% | 35.0% | 39.6% | 37.1% | 38.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $15.8M | $12.3M | $11.4M | $11.2M | $12.0M | $9.0M | $10.5M | $9.2M |
| Operating Income | $-11.8M | $-7.8M | $-3.6M | $-2.6M | $-1.8M | $2.1M | $-1.1M | $373.6K |
| Operating Margin | -31.8% | -24.7% | -10.8% | -7.4% | -4.8% | 6.1% | -3.4% | 1.1% |
| Interest Expense | $1.1M | $191.9K | $283.3K | $229.5K | $215.4K | $339.4K | $697.1K | $186.9K |
| Pretax Income | $-14.8M | $-7.9M | $-3.8M | $-2.7M | $-2.3M | $1.6M | $-2.2M | $233.0K |
| Income Tax Expense | $37.8K | $67.5K | $234.0K | $862.9K | $933.9K | $764.0K | $455.2K | $-827.1K |
| Net Income | $-14.9M | $-8.0M | $-4.0M | $-3.5M | $-3.2M | $866.9K | $-2.7M | $1.1M |
| Net Margin | -40.0% | -25.2% | -12.3% | -10.0% | -8.3% | 2.5% | -7.9% | 3.3% |
| EPS (Basic) | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 | $0.03 | $-0.10 | $0.04 |
| EPS (Diluted) | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 | $0.03 | $-0.10 | $0.04 |
| Shares Outstanding (Basic) | 40.9M | 37.9M | 31.6M | 27.0M | 26.3M | 25.9M | 25.8M | 25.0M |
| Shares Outstanding (Diluted) | 40.9M | 37.9M | 31.6M | 27.0M | 26.3M | 27.5M | 25.8M | 26.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |