LightPath Caps ‘Year of Investment’
ORLANDO, Fla., Sept. 3, 2014 — LightPath Technologies Inc. closed the books June 30 on fiscal 2014 with a net loss of $313,000 following what it called “a year of investment in our future.”
The loss compared with net income of $215,000 in fiscal 2013. Fourth-quarter net income was $102,000, compared to net loss of $244,000 in the fourth quarter of fiscal 2013.
Revenue for fiscal 2014 was $11.83 million, essentially unchanged from the previous year.
CEO Jim Gaynor said the company...