LightPath Technologies, Inc. - (LPTH) Social Stream

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$LPTH The company expects total backlog to be between $21 and $22M as of June 30, 2021, compared to $21.9M in year ago period.

ok fine

Total revenues seen between $8 and $8.3M compared to $9.1M in year ago quarter; FY21 revenues seen between $38.2M and $38.5M ($35M fir FY20).

ok that is 3 mil higher

Analysts consensus estimates for revenue stands at $9.35M (+2.6% Y/Y).
Capex of ~$440K compared to $938K in year ago quarter.

ok slashed capex in half

As of June 30, cash and equivalents stood at ~$6.8M compared to $5.4M in year ago period.

Thats an increase in cash of about 20%

What am I missing??