LIGHTPATH TECHNOLOGIES INC (LPTH) [Rocket]

In millions, except per share items	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenue, net	32.2	33.1	33.8	35.6	35.0	37.4	38.1	38.5
Revenue, net growth	-8.1%	-11.6%	-11.1%	-7.6%	-10.8%	0.4%	3.1%	10.0%
Cost of sales	21.4	21.8	22.9	23.7	23.9	25.4	25.3	25.0
Gross margin	10.8	11.3	10.9	11.8	11.1	11.9	12.8	13.4
Gross margin	33.6%	34.2%	32.2%	33.2%	31.6%	31.9%	33.6%	35.0%

Operating expenses:
Selling, general and administrative	11.2	11.1	11.0	11.2	12.4	12.6	12.4	12.0
New product development	2.0	2.1	2.2	2.1	2.1	2.2	2.1	2.2
Amortization of intangibles	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1
Total operating expenses	20.9	24.6	28.4	25.0	38.9	35.5	31.5	31.1
Operating loss	-3.5	-3.0	-3.5	-2.6	-4.6	-4.0	-2.9	-1.8
Operating margin	-11.0%	-9.2%	-10.2%	-7.4%	-13.1%	-10.6%	-7.7%	-4.8%

Other income (expense):
Interest expense, net	-0.3	-0.3	-0.3	-0.2	-0.2	-0.2	-0.2	-0.2
Other income (expense), net	0.0	0.2	0.3	0.2	0.0	-0.2	-0.3	-0.2
Total other income (expense), net	-0.3	0.0	0.0	-0.1	-0.2	-0.4	-0.4	-0.4
Loss before income taxes	-3.8	-3.1	-3.5	-2.7	-4.8	-4.4	-3.4	-2.9
Income tax provision	0.8	0.9	0.8	0.9	0.3	0.4	0.6	0.9
Net loss	-4.6	-3.9	-4.3	-3.5	-5.1	-4.8	-3.9	-3.2
Foreign currency translation adjustment	-1.0	-1.3	-2.0	-1.2	0.1	-0.2	0.5	1.4

Loss per common share (basic)	($0.16)	($0.15)	($0.16)	($0.13)	($0.19)	($0.18)	($0.15)	($0.13)

Number of shares used in per share calculation (basic)	29.1	27.1	27.0	27.0	26.8	26.7	26.4	26.2
Loss per common share (diluted)	($0.16)	($0.15)	($0.16)	($0.13)	($0.19)	($0.18)	($0.15)	($0.13)
Number of shares used in per share calculation (diluted)	35.1				27.0