LightPath Technologies Analysts Raise Their Forecasts Following Q4 Results
1. LPTH reported a loss of 16 cents per share, missing estimates. 2. Quarterly revenue was $12.21 million, exceeding analyst expectations. 3. CEO confirmed strategy shift towards BlackDiamond glass in defense sector. 4. Shares surged 17.5% to $7.64 post-earnings announcement. 5. Analysts raised price targets, with HC Wainwright setting it at $8.