Encouraging results for Lightpath

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LightPath Technologies, a manufacturer, distributor and integrator of proprietary optical components and high-level assemblies, has announced its financial results.

Revenue for the fourth quarter of fiscal 2013 increased 1 one per cent to $3.13 million, compared to $3.10 million for the fourth quarter of fiscal 2012. Revenue for precision-moulded optics products increased by 18 per cent.

Gross margin for the quarter increased to 45 per cent, compared to 40 per cent for the fourth quarter of fiscal 2012.

Jim Gaynor, president and chief executive officer of LightPath, said: 'I am pleased to report continued improvement in the company’s operating results, driven by strong demand for our optics across a broad base of our market segments.'