LightPath Technologies Reports Q3 Preliminary Revenue of $2.34M

LightPath Technologies, Inc. LPTH announced today its preliminary financial results for the third quarter ended March 31, 2011. The Company reported preliminary revenue of $2.43 million for the third quarter of fiscal 2011, a decrease of 9%, as compared to $2.66 million for the same period last year. Cash on hand as of March 31, 2011 was $1.0 million as compared to $1.46 million on June 30, 2010. Backlog scheduled to ship within the next 12 months was $3.63 million as of March 31, 2011, an increase of $683,000 as compared to backlog on June 30, 2010.