Tue, May 20, 8:06 PM (31 days ago)
**LightPath Technologies, Inc. (LPTH) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $9.2M (Q1 2025) vs. $7.7M (Q1 2024), up 19%. - **Gross Profit:** $2.6M (Q1 2025) vs. $1.5M (Q1 2024), up 66%. - **Gross Margin:** 29% (Q1 2025) vs. 21% (Q1 2024). - **Net Loss:** $3.6M (Q1 2025) vs. $2.6M (Q1 2024), up 38%. - **Cash & Equivalents:** $6.5M (Q1 2025) vs. $3.2M (Q1 2024). **Profit Margins:** - **Gross Margin:** 29% (Q1 2025) vs. 21% (Q1 2024). - **Operating Margin:** -36% (Q1 2025) vs. -33% (Q1 2024). **Cash Flow:** - **Operating Cash Flow:** -$5.4M (Q1 2025) vs. $0.5M (Q1 2024). - **Investing Cash Flow:** -$20.8M (Q1 2025) due to G5 acquisition vs. -$2.4M (Q1 2024). - **Financing Cash Flow:** $29.6M (Q1 2025) vs. -$2.1M (Q1 2024). **Earnings Changes:** - **EPS (Basic & Diluted):** -$0.09 (Q1 2025) vs. -$0.07 (Q1 2024). **Quarterly Performance:** - **Revenue Growth:** Driven by engineering services, assemblies, and modules. - **Cost Increases:** SG&A up 40% due to acquisition costs and marketing spend. - **Acquisitions:** G5 Infrared acquisition for $27.6M, adding infrared cameras and coatings. **Trends & Uncertainties:** - **Market Trends:** Growth in infrared and defense sectors, challenges in visible components. - **Geopolitical Risks:** Trade tensions with China, Germanium supply disruptions. - **Strategic Shifts:** Focus on higher-margin products and engineered solutions. **Future Operations Impact:** - **Growth Strategy:** Expanding product groups, increasing manufacturing capacity for BlackDiamond materials. - **Financial Strategy:** Raising capital through equity offerings and debt financing. **Liquidity & Capital Resources:** - **Working Capital:** $15.9M (Q1 2025). - **Debt:** $4.7M in loans payable, including Acquisition Notes. **Risk Factors:** - **Trade Actions:** Potential impact of tariffs and export controls. - **Supply Chain:** Disruptions in Germanium supply, reliance on Chinese materials. **Outlook:** - **Revenue Growth:** Expected to continue, driven by defense and infrared markets. - **Profitability:** Focus on cost management and higher-margin products. - **Cash Flow:** Positive from financing activities, negative from operations and investments.