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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q4 FY262026-06-30 | Q3 FY262026-03-31 | Q2 FY262025-12-31 | Q1 FY262025-09-30 | Q4 FY252025-06-30 | Q3 FY252025-03-31 | Q2 FY252024-12-31 | Q1 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.16M | $19.15M | $16.35M | $15.06M | $12.21M | $9.17M | $7.42M | $8.40M |
| Cost of revenue | $12.82M | $12.19M | $10.33M | $10.58M | $9.52M | $6.50M | $5.49M | $5.56M |
| Gross profit | $8.35M | $6.96M | $6.02M | $4.48M | $2.69M | $2.66M | $1.93M | $2.84M |
| Gross margin | 39.4% | 36.3% | 36.8% | 29.8% | 22.0% | 29.1% | 26.0% | 33.9% |
| Research and development | $1.13M | $1.04M | $748.83K | $867.43K | $1.06M | $757.94K | $764.40K | $476.44K |
| Selling, general and administrative | $8.12M | $6.30M | $5.86M | $4.38M | $4.74M | $4.45M | $3.36M | $3.27M |
| Operating expenses | $12.65M | $11.21M | $14.62M | $6.98M | $7.28M | $6.12M | $4.42M | $4.14M |
| Operating income | −$4.30M | −$4.25M | −$8.60M | −$2.50M | −$4.59M | −$3.45M | −$2.48M | −$1.30M |
| Operating margin | -20.3% | -22.2% | -52.6% | -16.6% | -37.6% | -37.7% | -33.5% | -15.5% |
| EBITDA | −$2.98M | −$2.99M | −$7.36M | −$302 | −$3.80M | −$1.99M | −$1.58M | −$308.81K |
| Interest expense | $298.24K | $271.64K | −$285.02K | −$268.85K | −$312.97K | −$486.83K | −$169.05K | −$149.36K |
| Income before taxes | −$4.03M | −$4.01M | −$9.37M | −$2.81M | −$7.18M | −$3.48M | −$2.57M | −$1.61M |
| Income taxes | $111.50K | $91.39K | $30.56K | $81.27K | −$122.40K | $100.03K | $44.53K | $15.64K |
| Net income | −$4.14M | −$4.11M | −$9.41M | −$2.89M | −$7.06M | −$3.58M | −$2.61M | −$1.62M |
| Net margin | -19.6% | -21.4% | -57.5% | -19.2% | -57.8% | -39.1% | -35.2% | -19.3% |
| EPS, basic | −$0.06 | −$0.07 | −$0.20 | −$0.07 | −$0.16 | −$0.09 | −$0.07 | −$0.04 |
| EPS, diluted | −$0.06 | −$0.07 | −$0.20 | −$0.07 | −$0.16 | −$0.09 | −$0.07 | −$0.04 |
| Diluted shares | 64.58M | 58.63M | 47.00M | 43.29M | 42.84M | 41.36M | 39.73M | 39.56M |
Figures describe LightPath Technologies shares, not any token. As of Sep 11, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.