LightPath Technologies, Inc. (NASDAQ:LPTH) Q3 2022 Earnings Conference Call May 12, 2022 5:00 PM ET

Company Participants

Albert Miranda - Chief Financial Officer

Sam Rubin - President and Chief Executive Officer

Conference Call Participants

Gene Inger - ingerletter.com

Operator

Good afternoon and welcome to the LightPath Technologies Fiscal 2022 Third Quarter Financial Results Conference Call. All participants’ will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this 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. Following the management's discussion, there will be a formal question-and-answer session open to participants on the call.

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

Sam Rubin

Thank you, Alan. Good afternoon to everyone, and welcome to LightPath Technologies fiscal [2021] sic [2022] third quarter financial results conference call. Our financial results press release was issued after the market closed today and posted at our corporate website.

I want to start today's call by providing you a brief update on our company and the vision we have for the future of the business. The area of optics and photonics is at the truly exciting inflection points, technological advances have made solutions in optics and photonics available and applicable to products and services in a wide variety of industries. Optical solutions are now applicable to products in LIDAR, drones, augmented and virtual reality, medical field, sporting and consumer goods, to name a few.

An example of one such application is LIDAR for autonomous drones for which we recently announced a collaboration with Attollo Engineering. We believe that when a technology like photonics moves from being a speciality technology to being integrated into mainstream industries and applications. Our advantages and the main expertise make us an ideal partner for providing the optical engine of our customers' systems. Owning the critical differentiating technologies such a unique materials, high volume molding technology, freeform optics and others position us to both create unique value for those customers and capture that value in the form of stronger profit margins and long-term agreements, engagement with our customers.