-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J0IGn/fvPwt1Fkpcf0cYXTevf7bh7NCJrJ1tJ3Xq+Xap5q05fon/PHOYMRCrscAO laL5jspPXoTbEBfpO/NWfw== 0000950147-03-000788.txt : 20030702 0000950147-03-000788.hdr.sgml : 20030702 20030702145918 ACCESSION NUMBER: 0000950147-03-000788 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030702 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030702 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: 03771448 BUSINESS ADDRESS: STREET 1: 2603 CHALLENGER TECH CT STREET 2: SUITE 100 CITY: ORLANDO STATE: FL ZIP: 32826 BUSINESS PHONE: 4073824003 8-K 1 e-10158.txt CURRENT REPORT DATED 7-2-03 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- FORM 8-K ---------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 JULY 2, 2003 Date of Report (Date of earliest event reported) LIGHTPATH TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) DELAWARE 000-27548 86-0708398 (State or other jurisdiction of (Commission File (I.R.S. Employer incorporation or organization) Number) Identification Number) 2603 CHALLENGER TECH COURT, SUITE 100 ORLANDO, FLORIDA 32826 (Address of principal executive office, including zip code) (407) 382-4003 (Registrant's telephone number, including area code) ================================================================================ LIGHTPATH TECHNOLOGIES, INC. FORM 8-K ITEM 7. EXHIBITS. Exhibit Description ------- ----------- 99.1 Press release dated July 2, 2003, reporting projected financial results for the fourth quarter of fiscal 2003, which ended June 30, 2003. ITEM 9. REGULATION FD DISCLOSURE The information in this report is being furnished (i) pursuant to Regulation FD, and (ii) pursuant to Item 12 Results of Operations and Financial Condition (in accordance with SEC interim guidance issued March 28, 2003). In accordance with General Instructions B.2 and B.6 of Form 8-K, the information in this report shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1934, as amended. The furnishing of the information set forth in this report is not intended to, and does not, constitute a determination or admission as to the materiality or completeness of such information. On July 2, 2003, LightPath Technologies, Inc. a Delaware corporation (the "Company"), issued a press release reporting projected financial results for the fourth quarter of fiscal 2003, which ended on June 30, 2003. A copy of the Company's press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed in its behalf by the undersigned, thereunto duly authorized. LIGHTPATH TECHNOLOGIES, INC. Dated: July 2, 2003 By: /s/ Todd Childress ------------------------------------ TODD CHILDRESS, CFO EX-99.1 3 ex99.txt PRESS RELEASE Exhibit 99.1 LIGHTPATH TECHNOLOGIES PROJECTS FOURTH QUARTER FINANCIAL RESULTS FOR IMMEDIATE RELEASE (JULY 2, 2003) ORLANDO, FL. LightPath Technologies, Inc. (Nasdaq: LPTH), manufacturer and integrator of families of precision molded aspheric optics, high performance fiber-optic collimators, isolators and advanced manufacturing technologies reported today that the Company projects net revenues of approximately $1.8 million for the fourth fiscal quarter of 2003, which ended June 30, 2003. Preliminary projections of cash flow for the quarter show a net cash used of $.4 million. Net cash flow for the period is expected to include $.4 million net proceeds from the Company's share of the final liquidation of LightChip, Inc. assets, and other fixed asset sales. Cash on hand at close of the period is estimated at $3.4 million. Ken Brizel, President and Chief Executive Office of LightPath, commented, "I am pleased with the progress we have made in cost reduction during this quarter. The work to consolidate the Walnut operation into Orlando is complete. Our manufacturing team has done an outstanding job absorbing the isolator product lines. We are working closely with our isolator customers throughout this transition. LightPath has seen a small growth in its business, but we have a lot of work to do over the next year to continue to drive new opportunities and to enhance our productivity. The entire team is working hard for top line and bottom line growth." LightPath expects to formally announce its fourth quarter and fiscal 2003 financial results in August, followed by a conference call and simultaneous audio webcast. The webcast may be accessed through LightPath.com, investor relations. LightPath manufactures in Orlando Florida, optical products including precision molded aspheric optics, proprietary collimator assemblies, GRADIUM(R) glass products, laser components utilizing proprietary automation technology, higher level assemblies and packaging solutions. The Company has 55 U.S. patents, plus 8 more pending, associated with its optical technologies. In addition, various foreign countries have issued a total of 33 patents with 24 patents pending. LightPath common stock trades on the Nasdaq National Market under the stock symbol LPTH. Contacts: Ken Brizel, President & CEO of LightPath Todd Childress, CFO of LightPath LightPath Technologies, Inc. (407) 382-4003 Internet: www.lightpath.com THIS NEWS RELEASE INCLUDES STATEMENTS THAT MAY 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. -----END PRIVACY-ENHANCED MESSAGE-----