LightPath Stock Rallies After Q1 Earnings: Here's Why
1. LPTH beat earnings estimates with a loss of 7 cents per share. 2. Quarterly revenue reached $15.05 million, exceeding expectations of $12.66 million. 3. Company reported a strong order backlog of over $90 million. 4. Stock increased by 8.47% post-earnings, reflecting positive market reception.