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LightPath Caps ‘Year of Investment’

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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 increased research and development spending by 29 percent and invested $2 million in expanding manufacturing and...Read full article

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    Published: September 2014
    AmericaslensesAsia-PacificaspheresBiophotonicsBusinessChinacollimator assembliesCommunicationsdefenseFloridaindustrialJim GaynorLightPathOpticsTest & Measurementlight speedRapidScan

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