Earnings summaries and quarterly performance for LIGHTPATH TECHNOLOGIES.
Executive leadership at LIGHTPATH TECHNOLOGIES.
Board of directors at LIGHTPATH TECHNOLOGIES.
Research analysts who have asked questions during LIGHTPATH TECHNOLOGIES earnings calls.
Jaeson Schmidt
Lake Street Capital Markets
10 questions for LPTH
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Brian Kinstlinger
Alliance Global Partners
8 questions for LPTH
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RS
Richard Shannon
Craig-Hallum Capital Group LLC
8 questions for LPTH
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GM
Glenn Mattson
Ladenburg Thalmann & Co. Inc.
7 questions for LPTH
Also covers: BLNE, CRLBF, JUSHF +8 more
SB
Scott Buck
H.C. Wainwright
7 questions for LPTH
Also covers: AEYE, ARQQ, BKSY +27 more
OH
Orin Hirschman
AIGH Investment Partners
3 questions for LPTH
Also covers: ALNT, BKTI, CGEH +1 more
Austin Moeller
Canaccord Genuity
2 questions for LPTH
Also covers: , ACHR, AVAV +21 more
Jon Hickman
Ladenburg Thalmann
2 questions for LPTH
Also covers: BLDE, BYRN, CLSK +10 more
GI
Gene Inger
erladder.com
1 question for LPTH
Recent press releases and 8-K filings for LPTH.
LightPath Technologies Outlines Strategic Shift, Growth Pillars, and Financial Position at Investor Day 2026
LPTH
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- LightPath Technologies has transitioned from a component supplier to a solutions company, leveraging its BlackDiamond technology and internal engineering capabilities.
- Key acquisitions, including Visimid, C Five (G5), and Amorphous Materials, have expanded the company's capabilities in cameras, defense programs, and manufacturing optics up to 17 inches in diameter.
- The company's growth strategy focuses on three pillars: the assemblies business ($500 million-$1 billion addressable market), infrared camera systems ($1 billion-$1.5 billion addressable market), and large defense programs, with some potentially generating $50 million-$100 million annually.
- Geopolitical shifts have reduced LightPath's dependence on China (from 55% to less than 5% of business) and created a significant market opportunity for BlackDiamond as a germanium alternative.
- As of December 31 (presumably 2025), LightPath reported $73.5 million in cash on hand and expects to be operating cash positive for fiscal year 2026, with a $65 million raise providing dry powder for future acquisitions.
3 days ago
LightPath Technologies Outlines Strategic Shift and Growth Targets at Investor Day 2026
LPTH
M&A
New Projects/Investments
Guidance Update
- LightPath Technologies is strategically transitioning from an optical components company to a solutions provider, leveraging its unique BlackDiamond technology as a germanium alternative.
- The company's growth strategy is built on three pillars: the assemblies business (addressable market of $500 million-$1 billion), infrared camera systems (addressable market of $1 billion-$1.5 billion), and large defense programs with significant revenue potential.
- Recent acquisitions, including Visimid, G5, and Amorphous Materials, are crucial for bringing in specific technologies, expanding capabilities (e.g., Amorphous enables manufacturing up to 17 inches in diameter), and securing existing programs and backlog.
- As of February 24, 2026, the company's backlog stands at $103 million, with 70% scheduled for shipment in calendar year 2026, and the company aims to achieve in excess of $300 million in revenue within five years.
3 days ago
LightPath Technologies Outlines Strategic Shift and Growth Pillars at Investor Day
LPTH
M&A
New Projects/Investments
Product Launch
- LightPath Technologies has strategically shifted from an optical components company to a solutions provider, leveraging its unique BlackDiamond technology and a focused M&A strategy to move into sub-assemblies, subsystems, and cameras.
- The company identifies three main pillars for growth: the optical assemblies business (addressable market of $500 million-$1 billion), infrared camera systems (addressable market of $1 billion-$1.5 billion), and large defense programs like NGSRI and SPEAR, which could generate $50 million-$100 million and up to $20 million annually respectively.
- BlackDiamond glass is highlighted as a key differentiator and a geopolitical alternative to germanium, offering a broader portfolio of materials (nearly 20 types) and being manufactured in the U.S..
- As of the document date (2026-02-25), LightPath reported a backlog of $103 million and $73.5 million in cash on hand as of December 31. The company is building its capacity with an ambitious goal to reach $300 million in revenue within five years.
3 days ago
LightPath Technologies provides common share breakdown
LPTH
Convertible Preferred Issuance
- LightPath Technologies has 55,762,197 Class A Common shares which serve as the basis for EPS.
- The company's fully diluted "All In" common shares amount to 73,163,977.
- This fully diluted total includes 9,752,670 Series G Preferred (common equivalents), 5,602,385 potential PIK Preferred, 262,500 G5 Earnout Shares to Sellers (Year 1, est), and 1,784,225 Stock Incentives (including Directors).
3 days ago
LightPath Technologies Reports Strong Q2 2026 Results, Strategic Acquisitions, and Capital Raise
LPTH
Earnings
M&A
New Projects/Investments
- LightPath Technologies reported strong financial results for Q2 fiscal 2026, with revenue increasing 120% to $16.4 million and gross profit rising 212% to $6 million (37% of total revenues), alongside a positive Adjusted EBITDA of $0.6 million.
- The company completed the acquisition of Amorphous Materials, significantly boosting Black Diamond glass production capacity by 50% and enabling the manufacture of larger diameter optics (up to 17 inches), which is critical for high-end G5 cameras and potential space applications.
- A successful secondary capital raise generated approximately $65 million in net proceeds, providing a "war chest" for strategic investments and M&A to capitalize on a 3-4 year window to capture significant market share.
- LightPath's proprietary Black Diamond material is well-positioned as a domestic alternative to germanium, aligning with the fiscal year 2026 NDAA and recent FCC rulings, creating new opportunities in defense and drone markets.
- The company's backlog reached $97.8 million, with a strategic focus on converting this into revenue and expanding Black Diamond product variants across the G5 portfolio.
Feb 11, 2026, 10:00 PM
LightPath Technologies Reports Record Q2 2026 Revenue and Strategic Advancements
LPTH
Earnings
M&A
New Projects/Investments
- LightPath Technologies reported record revenue of $16.4 million in Q2 2026, a 120% increase year-over-year, with gross profit rising 212% to $6 million (37% of revenue), and achieved positive Adjusted EBITDA of $0.6 million.
- The company completed its transformation into a vertically integrated provider, and the acquisition of Amorphous Materials enables production of large-diameter Black Diamond lenses (up to 17 inches), crucial for redesigning all G5 cameras and addressing significant opportunities in space applications.
- A successful capital raise of approximately $65 million provides resources for strategic investments and M&A, aiming to capture significant market share within a 3-year window by leveraging its proprietary Black Diamond material and NDAA compliance.
Feb 11, 2026, 10:00 PM
LightPath Technologies Reports Strong Q2 2026 Results and Strategic Acquisitions
LPTH
Earnings
M&A
Revenue Acceleration/Inflection
- LightPath Technologies reported a 120% increase in revenue to $16.4 million and a 212% increase in gross profit to $6 million (37% of revenue) for Q2 fiscal 2026, achieving positive Adjusted EBITDA of $0.6 million for the second consecutive quarter.
- The company's cash and cash equivalents totaled $73.6 million as of December 31, 2025, following a successful capital raise of approximately $65 million in net proceeds, and its backlog reached $97.8 million.
- LPTH acquired Amorphous Materials, which provides a 50% boost to capacity for Black Diamond glass production and enables the manufacture of larger diameter optics up to 17 inches, critical for long-range imaging and space applications.
- The company is strategically positioned to benefit from the FY 2026 NDAA mandate and a new FCC ruling on drone components, leveraging its proprietary Black Diamond material as a domestic alternative to germanium.
Feb 11, 2026, 10:00 PM
LightPath Technologies Reports Fiscal Q2 2026 Results
LPTH
Earnings
M&A
Board Change
- LightPath Technologies reported a 120% increase in revenue to $16.4 million for the fiscal second quarter ended December 31, 2025, compared to $7.4 million in the prior year period.
- The company secured significant purchase orders, including a $9.6 million order for cooled infrared cameras and a $4.8 million order for advanced IR camera systems, contributing to a $97.8 million order backlog as of the end of the second quarter.
- LightPath Technologies acquired the assets of Amorphous Materials, Inc. in January 2026, enhancing its domestic glass manufacturing capabilities, and completed a $60 million public offering of common stock in December 2025 to fortify its balance sheet.
- The company's net loss increased to $(9.4) million from $(2.6) million year-over-year, while Adjusted EBITDA improved to $0.6 million from $(1.3) million for the quarter.
- Mark Caylor was appointed to the Board of Directors, and Israel Piergiovanni was appointed as Vice President of Manufacturing.
Feb 11, 2026, 9:06 PM
LightPath Technologies Reports Strong Revenue Growth in Q2 FY2026 Amidst Acquisition and Public Offering
LPTH
Earnings
Revenue Acceleration/Inflection
M&A
- LightPath Technologies reported a 120% increase in revenue to $16.4 million for its fiscal second quarter ended December 31, 2025, with Adjusted EBITDA improving to $0.6 million from a loss of $1.3 million in the prior year.
- The company posted a net loss of $9.4 million, primarily due to a $7.6 million change in fair value of acquisition liabilities related to the G5 acquisition.
- Significant operational highlights include securing a $9.6 million purchase order for cooled IR cameras and a $4.8 million purchase order for advanced IR camera systems, contributing to a robust $97.8 million order backlog as of the end of the second quarter.
- LightPath fortified its balance sheet with a $60 million public offering of common stock in December 2025 and acquired the assets of Amorphous Materials, Inc. in January 2026 to enhance domestic glass manufacturing capabilities.
Feb 11, 2026, 9:05 PM
LightPath Technologies Secures $9.6 Million Defense Order
LPTH
New Projects/Investments
Revenue Acceleration/Inflection
- LightPath Technologies has secured a $9.6 million purchase order for cooled infrared cameras from an existing defense customer.
- Deliveries for this order are expected to occur throughout calendar year 2026.
- Production of the cameras will be split between the Company's facilities in Florida and New Hampshire, leveraging expanded domestic manufacturing capabilities.
- This significant repeat order validates the strategic value of LightPath's G5 acquisition and underscores the growing demand for their advanced cooled infrared camera systems.
Feb 9, 2026, 1:31 PM
Quarterly earnings call transcripts for LIGHTPATH TECHNOLOGIES.
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