LIGHTPATH TECHNOLOGIES (LPTH) Company Report

LightPath Technologies (LPTH) has reinforced its commitment to secure, domestic defense supply chains following the Fiscal Year 2026 National Defense Authorization Act (NDAA), which mandates the elimination of reliance on optical systems from certain foreign nations by January 1, 2030.
The company's existing optical assemblies, infrared cameras, and thermal imaging systems are already NDAA compliant, and its proprietary BlackDiamond infrared glass technology offers a domestic alternative to foreign sources.
LightPath is expanding its domestic glass manufacturing capabilities through the strategic acquisition of Amorphous Materials, Inc. (AMI), which adds large-diameter glass melting capability, increases production capacity, and provides a second NDAA-compliant manufacturing location.

Jan 28, 2026, 1:31 PM

Press Release

LightPath Technologies Acquires Amorphous Materials, Inc.

LPTH

M&A

New Projects/Investments

Revenue Acceleration/Inflection

LightPath Technologies, Inc. acquired the assets of Amorphous Materials, Inc. (AMI) for an aggregate consideration of $7.0 million in cash, with the potential for up to $3 million of additional technical milestone-based equity consideration.
The acquisition, announced on January 20, 2026, is expected to add approximately $3.0 million in annual revenue and strengthens LightPath's capabilities by adding proprietary large diameter glass melting technology for Chalcogenide Glass.
AMI, a 50+ year-old company, brings established programs with a tier-1 defense customer and provides a second, NDAA compliant manufacturing location in Plant, Texas.

Jan 20, 2026, 9:59 PM

Press Release

LightPath Technologies Announces Pricing of $60 Million Public Offering

LPTH

New Projects/Investments

M&A

LightPath Technologies, Inc. announced the pricing of an underwritten public offering of 7,750,000 shares of its Class A common stock at a price of $7.75 per share.
The offering is expected to generate approximately $60 million in gross proceeds and $56.8 million in net proceeds for the company.
The underwriters have been granted a 30-day option to purchase up to an additional 1,162,500 shares of Class A common stock.
LightPath intends to use the net proceeds from the offering for working capital, investments, acquisitions, and general corporate purposes.
The offering is expected to close on or about December 15, 2025.

Dec 12, 2025, 9:44 PM

8-K

LightPath Technologies Prices $60 Million Public Offering

LPTH

LightPath Technologies, Inc. announced the pricing of an underwritten public offering of 7,750,000 shares of its Class A common stock at $7.75 per share.
The offering is expected to generate gross proceeds of approximately $60 million and is anticipated to close on or about December 15, 2025.
The company intends to use the net proceeds from the offering for working capital, investments, acquisitions, and general corporate purposes.

Dec 12, 2025, 1:00 PM

Press Release

LightPath Technologies Announces Proposed Public Offering of Common Stock

LPTH

New Projects/Investments

LightPath Technologies, Inc. has commenced an underwritten public offering of its Class A common stock.
The company intends to use the net proceeds from the proposed offering for working capital, investments, acquisitions, and general corporate purposes.
LightPath expects to grant the underwriters a 30-day option to purchase up to an additional 15% of shares of Class A common stock.
The proposed offering is subject to market and other conditions, with no assurance as to its completion, actual size, or terms.

Dec 11, 2025, 9:12 PM

Press Release

LightPath Technologies Reports Strong Revenue Growth in Q1 Fiscal 2026

LPTH

Earnings

New Projects/Investments

Board Change

LightPath Technologies reported revenue of $15.1 million for the first quarter of fiscal year 2026, a 79% increase compared to the prior year, with a net loss of $(2.9) million and an Adjusted EBITDA of $0.4 million.
The company announced significant new orders, including a $4.8 million purchase order for advanced infrared camera systems and two IR camera purchase orders totaling $40.3 million from a leading global technology customer, contributing to a $90+ million order backlog.
LightPath Technologies secured an $8.0 million strategic investment to support its growth in the drone/UAV sector and appointed Mark Caylor to its Board of Directors.

Nov 12, 2025, 11:19 AM

8-K

LPTH Reports Strong Q1 2026 Revenue Growth and Record Backlog

LPTH

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

LightPath Technologies reported a 79% increase in revenue, reaching $15.1 million for the first quarter of fiscal 2026, and achieved positive Adjusted EBITDA of $0.4 million.
The company's backlog grew to a record $86 million as of September 30, 2025, with more than two-thirds of this backlog now in higher-value systems and subsystems.
Strategic progress includes the introduction of Germanium-Free G5 camera variants using proprietary Black Diamond glass, securing $40.3 million in new orders for advanced infrared cameras, and an $8 million equity investment from Ondas Holdings and Unusual Machines.
To meet growing demand, LightPath is expanding its Texas facility for the Lockheed NG SRI program and increasing Black Diamond glass manufacturing and G5 camera integration capacity in Orlando.

Nov 11, 2025, 10:00 PM

Transcript

LightPath Technologies Reports Fiscal First Quarter 2026 Financial Results

LPTH

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

LightPath Technologies reported revenue of $15.1 million for the first fiscal quarter ended September 30, 2025, marking a 79% increase compared to $8.4 million in the same period of the prior fiscal year, though net loss was ($2.9 million) compared to ($1.6 million).
The company announced significant new purchase orders, including an $18.2 million order and a follow-on $22.1 million order for IR cameras, contributing to an order backlog of over $90 million as of November 11, 2025.
LightPath secured an $8.0 million strategic investment and appointed Israel Piergiovanni as Vice President of Manufacturing and Mark Caylor to its Board of Directors.

Nov 11, 2025, 9:05 PM

Press Release

LightPath Technologies Appoints New Vice President of Manufacturing

LPTH

Management Change

Hiring

Revenue Acceleration/Inflection

LightPath Technologies (NASDAQ: LPTH) has appointed Israel Piergiovanni as Vice President of Manufacturing.
Mr. Piergiovanni brings over 20 years of leadership experience in global manufacturing operations, previously serving as Senior Director of Manufacturing Operations at Luminar Technologies.
His role is to support production scale-up and operational excellence, specifically to help convert the company's record $90M+ backlog into revenue and expand capacity, including new facilities in Texas.

Nov 10, 2025, 9:05 PM

Press Release

LightPath Technologies Receives $4.8 Million Purchase Order

LPTH

New Projects/Investments

Revenue Acceleration/Inflection

LightPath Technologies announced a $4.8 million purchase order from an existing customer for advanced infrared camera systems for public safety applications.
The delivery of these systems is scheduled for the Company's 2026 fiscal year.
This order contributes to LightPath's $90 million order backlog.
The company also highlighted previous IR camera orders, including an $18.2 million order in September and a subsequent $22.1 million follow-on order from a leading global technology customer.