LightPath Technologies, Inc. (NASDAQ:LPTH) Q3 2024 Earnings Conference Call May 9, 2024 4:30 PM ET

Company Participants

Albert Miranda - Chief Financial Officer
Sam Rubin - President and Chief Executive Officer

Conference Call Participants

Glenn Mattson - Ladenburg Thalmann
Jaeson Schmidt - Lake Street Capital
Gene Inger - Inger Letter

Operator

Welcome to the LightPath Technologies' Fiscal Third Quarter 2024 Earnings. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session.

And I would like to now turn the call over to your host, Albert Miranda, Chief Financial Officer. You may begin.

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, and discussed in its periodic SEC filings. Although the company believes that the assumptions underlying these statements are reasonable, any of them can be proven to be inaccurate and there can be no assurances that the projected results would be realized.

In addition, references may be made to certain financial measures that are not in accordance with generally accepted accounting principles or GAAP. We refer to these as non-GAAP financial measures. Please refer to our SEC reports and certain of our press releases, which include reconciliations of non-GAAP financial measures and associated disclaimers.

Sam will begin today's call with an overview of the business and recent developments for the company. I will then review financial results for the quarter. 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.

Sam Rubin

Thank you, Al. Good afternoon to everyone. Welcome to LightPath Technology's Fiscal Third Quarter 2024 Financial Results Conference Call.

Our financial results press release was issued after the market closed today and posted on our corporate website. Fiscal third quarter and additional developments in early 2024 continue to underscore our strategic shift from a component manufacturer, what we like to refer to as LightPath 1.0, to LightPath 2.0, a value-added provider of assemblies, and set the stage for LightPath 3.0, a custom infrared camera and subsystem manufacturer.

To recap for our investors, LightPath has been transitioning in the last few years from a pure component manufacturer focused on being the lowest cost provider to value-added partner for complete solutions based on optical technologies whose differentiators are mostly technological.