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<SEC-DOCUMENT>0001102624-08-000095.txt : 20080421
<SEC-HEADER>0001102624-08-000095.hdr.sgml : 20080421
<ACCEPTANCE-DATETIME>20080421092205
ACCESSION NUMBER:		0001102624-08-000095
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080421
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080421
DATE AS OF CHANGE:		20080421

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIGHTPATH TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000889971
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				860708398
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27548
		FILM NUMBER:		08765760

	BUSINESS ADDRESS:	
		STREET 1:		2603 CHALLENGER TECH CT
		STREET 2:		SUITE 100
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32826
		BUSINESS PHONE:		4073824003
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>lightpath8k.htm
<DESCRIPTION>LIGHTPATH TECHNOLOGIES 8K
<TEXT>
<table cellpadding="3" border="0" cellspacing="0" width="100%">
<tr><td>
</td></tr>
</table>
<center>
<table border=0 cellpadding=3 cellspacing=0>
<tr><td align="center"><br><br>
<B>UNITED STATES</B><br>
<B>SECURITIES AND EXCHANGE COMMISSION</B><br>
Washington, D.C. 20549<p>
<hr size=1>
<p><b>FORM 8-K<p>
CURRENT REPORT
<p>
Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934.
</td>
</tr>
</table>
<p>
<b>
<table border=0 cellpadding=0 cellspacing=0>
<tr><td colspan=5 align=center>
<b>Date of Report: April     21, 2008</b><br>
(Date of earliest event reported)<br><br>
</td></tr>
<tr><td colspan=5 align=center>
<b>LightPath Technologies Inc.</b><br>
(Exact name of registrant as specified in its charter)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align=center colspan=2 width="40%" valign="top">
<b>FL</b><br>
(State or other jurisdiction <br>of incorporation)
</td>
<td align=center width="20%" valign="top">
<b>000-27548</b><br>
(Commission File Number)
</td>
<td align=center colspan=2 width="40%" valign="top">
<b>86-0708398</b><br>
(IRS Employer <br>Identification Number)
</td>
</tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align="center" colspan=2>
<b>2603 Challenger Tech CT #100</b><br>
(Address of principal executive offices)
</td>
<td>&nbsp;</td>
<td align="center" colspan=2>
<b>32826</b><br>
(Zip Code)
</td>
</tr>
<tr><td colspan=5 align=center><br>
<b>407-382-4003</b><br>(Registrant's telephone number, including area code)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr><td colspan=5 align=center>
<b>Not Applicable</b><br>(Former Name or Former Address, if changed since last report)<br>
</td></tr>
</table>
</center>
<br><br>
</b>
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br>
<dl>
 <dd><font face="wingdings">o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
 <dd><font face="wingdings">o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  <br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  <br>
</dl>
<hr size=1>
<table width=100%>
<tr><td width="100%">
<b>Item 2.02. Results of Operations and Financial Condition</b></b><br>
<br>
The Registrant issued a Press Releases on April 21, 2008 announcing the preliminary results for the third fiscal quarter ended March 31, 2008 and the sale of the gradium product line.  A copy of the Press Release is attached as Exhibit 99.1 to this Report.
<p>
<b>Item 9.01. Financial Statements and Exhibits</b></b><br>
<br><b>(a) Financial statements:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(b) Pro forma financial information:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(c) Shell company transactions:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(d) Exhibits</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  99.1 &nbsp; &nbsp; &nbsp; <a href="lightpathtechnologi.htm">Press Release of LightPath Technologies Inc. dated April     21, 2008</a></b>
<p>
<p>
<hr size=1>
<b><center>SIGNATURE</center></b>
<p>
&nbsp; &nbsp; &nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
              signed on its behalf by the undersigned hereunto duly authorized.<p>
</td></tr>
</table>
<br>
<table>
<tr>
<td width="50%" valign=top>
Dated: April     21, 2008<br>
</td>
<td>
<b>LIGHTPATH TECHNOLOGIES INC.</b>
<p>
By: <u>&nbsp;/s/ Dorothy M Cipolla &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u> <br>
&nbsp; &nbsp; &nbsp;Dorothy M Cipolla<br>
&nbsp; &nbsp; &nbsp;<i>CFO</i><br>
</td></tr>
</table>
<hr>
<center>
<table border=0 width="100%">
<tr><td colspan=2>
<center><b>Exhibit Index</b></center>
</td>
</tr>
<tr>
<td width=50% align=center><b><u>Exhibit No.</u></b></td>
<td width=50% align=center><b><u>Description</u></b></td>
</tr>
<tr>
<td align=center>99.1</td>
<td align=center>Press Release of LightPath Technologies Inc. dated April     21, 2008</td>
</tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>lightpathtechnologi.htm
<DESCRIPTION>LIGHTPATH TECHNOLOGIES PRESS RELEASE
<TEXT>

<p></p>
<b>LightPath Technologies Fiscal 2008 Preliminary Third Quarter Comments &amp; Sale of GRADIUM(R)  Product Line</b>
<p>ORLANDO, FL -- 04/21/2008 --  LightPath Technologies, Inc. (NASDAQ: LPTH),
manufacturer and integrator of families of precision molded aspheric
optics, precision molded infrared optics, GRADIUM&#174; glass products, and
high-performance fiber-optic collimators and isolators, projects that its
disclosure backlog at March 31, 2008, our fiscal third quarter, is $3.05
million. Our total backlog is up 65% from June 30, 2007, our previous
fiscal year-end. The trend on booking of orders shows a flattening in our
telecommunications orders, but reflects a 20% increase from December 31,
2007, in our industrial business backlog.
</p>
<p>
<pre>
Disclosure Backlog (millions)

                     3/31/2007  6/30/2007  9/30/2007  12/31/2007 3/31/2008
                      Q3 2007    Q4 2007    Q1 2008    Q2 2008    Q3 2008
                     ---------- ---------- ---------- ---------- ----------
Industrial           $     1.56 $     1.49 $     2.07 $     2.22 $     2.67
Telecom              $     0.52 $     0.36 $     0.41 $     0.47 $     0.38
                     ---------- ---------- ---------- ---------- ----------
Total                $     2.08 $     1.85 $     2.48 $     2.69 $     3.05
                     ========== ========== ========== ========== ==========
</pre>
</p>
<p>
The backlog of our industrial business is growing as we implement our
strategic business plan. We are becoming less dependent on the more
volatile business segments such as telecom. We continue to diversify our
business through penetration of the higher volume, lower cost commercial
markets, infrared products and collimator products. Management believes
that the increased backlog we are experiencing will result in increased
revenue commencing in the fourth quarter of fiscal 2008.
</p>
<p>
Our estimated revenues for our fiscal third quarter of 2008 are based on
projected sales of approximately $2.11 million compared with $2.02 million
in the second quarter of fiscal 2008, an increase of 5%. Our industrial
business is up 12% from the second fiscal quarter as we build on our
diversification away from the telecommunications market.
</p>
<p>
<pre>
Revenue (millions)

                     3/31/2007  6/30/2007  9/30/2007  12/31/2007 3/31/2008
                      Q3 2007    Q4 2007    Q1 2008    Q2 2008    Q3 2008
                     ---------- ---------- ---------- ---------- ----------
Industrial           $     1.65 $     1.52 $     1.95 $     1.62 $     1.81
Telecom              $     1.25 $     0.75 $     0.36 $     0.41 $     0.30
                     ---------- ---------- ---------- ---------- ----------
Total                $     2.90 $     2.28 $     2.31 $     2.02 $     2.11
                     ========== ========== ========== ========== ==========



                     3/31/2007  3/31/2008
                       Q3 YTD     Q3 YTD
                     ---------- ----------
Industrial           $     5.32 $     5.38
Telecom              $     5.75 $     1.07
                     ---------- ----------
Total                $    11.08 $     6.44
                     ========== ==========
</pre>
</p>
<p>
Our preliminary projections of cash used by operations for the fiscal third
quarter of 2008 is $607,000, down approximately 44% from the fiscal second
quarter of 2008 and 51% from the fiscal first quarter of 2008.
</p>
<p>
<pre>
Cash usage (thousands)

                             3/31/2007  6/30/2007  9/30/2007     12/31/2007
                              Q3 2007    Q4 2007    Q1 2008       Q2 2008
                             ---------- ---------- ----------    ----------

Cash usage from operations   $      534 $      418 $    1,251    $    1,092


Cash usage                   $      552 $      591 $    1,402**  $    1,354



                             3/31/2008  3/31/2007  3/31/2008
                              Q3 2008     Q3 YTD     Q3 YTD
                             ---------- ---------- ----------

Cash usage from operations   $      607 $    1,439 $    2,950


Cash usage                   $    1,094 $    1,881 $    3,850**


**  excludes $2.9 million equity raise in July 2007</pre>
</p>
<p>
Jim Gaynor, President and Chief Executive Officer of LightPath, commented,
"I am pleased to see the positive effects from our continued expense
reduction and cost reduction work in lower cash usage per quarter. It is
also encouraging to see the increase in quarterly revenue from last quarter
combined with the backlog increase indicating that we are emerging from
this weak business period."
</p>
<p>
Mr. Gaynor also announced, "We have signed a letter of intent with a
ThorLabs, Inc., a major optics company, to sell certain patents, equipment
and inventory associated with the GRADIUM&#174; product line for $1 million
cash. We will continue to have the right to sell the GRADIUM&#174; products to
our customer base.  ThorLabs will take over the manufacturing of the
GRADIUM&#174; products and maintain an inventory to support our sales efforts.
The transaction is subject to completion of due diligence and the
negotiation of a purchase agreement, but is expected to close by the middle
of May 2008."
</p>
<p>
Mr. Gaynor further commented, "The sale of this non-strategic specialty
line is another action that will allow us to focus our resources on the
execution of our business strategy. Our strategy is to manufacture higher
volume, lower cost products targeting imaging applications, industrial
laser applications and infrared applications. To ensure that cash is on
hand when needed to provide near term flexibility, we are arranging short
term financing backed by our accounts receivable.
</p>
<p>
"With these first pieces of our business strategy in place we will be
focusing future efforts on the start up of the joint venture in China with
our partner CDGM and undertaking an aggressive investor relations program
to ensure that our shareholders understand the direction of LightPath and
are informed of the progress we are making."
</p>
<p>
Webcast Details:
</p>
<p>
LightPath plans to hold an audio webcast around mid May to discuss details
regarding the company's performance for the third quarter of fiscal 2008.
The company will announce the specific time for the webcast at a later
date. The session may be accessed at www.lightpath.com. A transcript
archive of the webcast will be available for viewing or download on our
website shortly after the call is concluded.
</p>
<p>
LightPath manufactures optical products including precision molded aspheric
optics, precision molded infrared optics, GRADIUM&#174; glass products,
proprietary collimator assemblies, isolators utilizing proprietary
automation technology, higher-level assemblies and packing solutions.
LightPath has a strong patent portfolio that has been granted or licensed
to us in these fields. LightPath common stock trades on the Nasdaq Capital
Market under the symbol "LPTH." Investors are encouraged to go to
LightPath's website for additional financial information.
</p>
<p>
This news release includes statements that constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. This information may involve
risks and uncertainties that could cause actual results to differ
materially from such forward-looking statements. Factors that could cause
or contribute to such differences include, but are not limited to, factors
detailed by LightPath Technologies, Inc. in its public filings with the
Securities and Exchange Commission.

</p>
<pre>
Contact:
Dorothy Cipolla
CFO
LightPath Technologies, Inc.
(407) 382-4003
Internet: www.lightpath.com</a>


</pre>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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