LightPath Technologies, Inc. (NASDAQ:LPTH) Q1 2025 Earnings Conference Call November 7, 2024 5:00 PM ET
Company Participants
Sam Rubin - President and Chief Executive Officer
Albert Miranda - Chief Financial Officer
Conference Call Participants
Jaeson Schmidt - Lake Street Capital Markets
Glenn Mattson - Ladenburg Thalmann & Co. Inc.
Scott Buck - H.C. Wainwright & Co.
Brian Kinstlinger - Alliance Global Partners
Orin Hirschman - AIGH Investment Partners
Gene Inger - The Inger Letter
Operator
Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the LightPath Technologies First Quarter Fiscal 2025 Earnings Conference Call. During today’s presentation all parties will be in a listen-only mode. Following the presentation the conference will be opened for questions. This conference is being recorded today, November 7, 2024, and the earnings press release accompanying this conference call was issued after the market closed today.
On our call today is LightPath's CEO, Sam Rubin; and CFO, Al Miranda.
I'd like to remind you that during the course of this conference call, the company will be making forward-looking statements that are based on current expectations involve various risks and uncertainties as 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 could be no assurance that the projected results would be realized.
In addition, references made by 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 in 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 and the full-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. Sam, the floor is yours.
Sam Rubin
Thank you, operator. Good afternoon to everyone, and welcome to LightPath Technologies first quarter fiscal 2025 financial results conference call. The first quarter of 2025 demonstrated our continued transformation from a pure component supplier to a system provider, delivering new products, contracts, and ongoing growth driven by these incremental product lines.
Just over three years ago, we set on a fresh course with a new strategic direction, taking us from being a pure component supplier to a solutions provider. Since we've laid out three pillars of growth, of which our business is built upon. The first is our proprietary cameras and optics. Second, our solutions for government and defense; and the third on new commercial applications.