LightPath Technologies, Inc. Q4 2022 Earnings Conference Call September 14, 2022 5:00 PM ET

Company Participants

Albert Miranda - Chief Financial Officer

Sam Rubin - President and Chief Executive Officer

Conference Call Participants

Brian Kinstlinger - Alliance Global Partners

Gene Inger - ingerletter.com

Operator

Good afternoon. And welcome to the LightPath Technologies Fiscal 2022 Fourth Quarter Financial Results Conference Call. All participants’ will be in listen-only mode. [Operator Instructions] Please note today’s event is being recorded.

I would now like to turn the conference over to Albert Miranda, Chief Financial Officer. Please go ahead.

Albert Miranda

Thank you. Good afternoon, everyone. Before we get started, I'd like to remind you that during the course of this conference call, the company will be making a number of forward-looking statements that are based on current expectations involve various risks and uncertainties, including the impact of COVID-19 pandemic those discussed in this periodic SEC filings.

Although the company believes that the assumptions underlying these statements are reasonable, any of them to be proven to be inaccurate and there can be no assurances that the results would be realized. In addition, references may be made to certain non-generally accepted accounting principles, or non-GAAP measures for which you should refer to the appropriate disclaimers and reconciliations in the company's SEC filings and press releases. Sam will begin today’s call with an overview of the business and recent development for the company. I’ll then review financial results for the fiscal year. Following our prepared remarks, there will be a formal question-and-answer session.

I would now like to turn the conference over to Sam Rubin, LightPath’s President and Chief Executive Officer.

Sam Rubin

Thank you, Alan. Good afternoon to everyone, and welcome to LightPath Technologies fiscal 2022 fourth quarter and full year financial results conference call. Our financial results press release was issued after the market close today and posted on our corporate website. Looking back on the fourth quarter of fiscal 2022, we see evidence of LightPath Technologies in transition. Earlier in the year, we further laid out our long-term strategy to repurpose LightPath, a provider of optical solutions, rather than a producer of components. LightPath will leverage the vast amount of engineering and design expertise built up over the years and key owned technologies to provide customers with a compelling value proposition.

We believe that such a transition will result in a company that is an integral part of our customers design process, and ultimately more profitable. The area of photonics and optics is poised for significant growth and the technology is being more rapidly adopted and implemented into commercial and consumer products. Optics can be customized for different products applications based on similar core enabling technologies for a diverse customer base. The same technology and knowhow can be used for defense, telecom, and medical fields, automotive, industrial or commercial to name a few. We believe product development will be instrumental in our transition to a solutions provider. One key product we're excited about is our game changing [Indiscernible] called chalcogenide glasses [Indiscernible] with our US military approved diamond like coating.