Friday, August 11, 2017 9:08:25 AM
LPTH - 2.56
LightPath Technologies Announces Preliminary Results for Fiscal 2017 Fourth Quarter
Preliminary Financial Results for the Fourth Quarter of Fiscal 2017
Subject to completion of the audit of the Company's financial results for the quarter and year ended June 30, 2017, we expect to report:
Total revenues between $8.5 million and $9.0 million for the fourth quarter of fiscal 2017, as compared to $4.7 million for the fourth quarter of fiscal 2016, which would represent an increase of between 81% and 91%.
12-month backlog between $9.1 million and $9.5 million at June 30, 2017, as compared to $6.6 million at June 30, 2016, which would represent an increase of between 38% and 44%.
Cash and cash equivalents of approximately $8.1 million as of June 30, 2017, as compared to $2.9 million from June 30, 2016, which would represent an increase of approximately 178%.
LightPath Technologies Announces Preliminary Results for Fiscal 2017 Fourth Quarter
Preliminary Financial Results for the Fourth Quarter of Fiscal 2017
Subject to completion of the audit of the Company's financial results for the quarter and year ended June 30, 2017, we expect to report:
Total revenues between $8.5 million and $9.0 million for the fourth quarter of fiscal 2017, as compared to $4.7 million for the fourth quarter of fiscal 2016, which would represent an increase of between 81% and 91%.
12-month backlog between $9.1 million and $9.5 million at June 30, 2017, as compared to $6.6 million at June 30, 2016, which would represent an increase of between 38% and 44%.
Cash and cash equivalents of approximately $8.1 million as of June 30, 2017, as compared to $2.9 million from June 30, 2016, which would represent an increase of approximately 178%.
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