LightPath Technologies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported product sales, net of $2,907,869 against $2,916,781 for the same period last year. Operating loss was $186,358 against $25,120 for the same period last year. Net loss was $202,033 or $0.01 per diluted share against net income of $140,772 or $0.01 per diluted share for the same period last year. EBITDA was $3,754 against $355,930 for the same period last year. Adjusted EBITDA was $38,767 against $186,378 for the same period last year. Non-GAAP net loss, excluding the change in the fair value of the warrant liability, was $167,000 or $0.01 per share compared to non-GAAP net loss of $29,000 or $0.00 per share in the second quarter of fiscal 2013.

For the six months, the company reported product sales, net of $5,717,581 against $5,807,835 for the same period last year. Operating loss was $248,140 against $51,639 for the same period last year. Net loss was $282,378 or $0.02 per diluted share against net income of $241,993 or $0.02 per diluted share for the same period last year. Net cash used in operating activities was $218,020 against $90,321 for the same period last year. Purchase of property and equipment was $942,408 against $488,723 for the same period last year. EBITDA was $152,579 against $697,094 for the same period last year. Adjusted EBITDA was $206,544 against $431,758 for the same period last year. Non-GAAP net loss, excluding the change in the fair value of the warrant liability was $228,000 or $0.02 per share compared to non-GAAP net loss of $23,000 or $0.00 per share in the first half of fiscal 2013.