Headquartered in Orlando, FL Fiscal year ends June NASDAQ: LPTH lightpath.com
LightPath Technologies, Inc. (NASDAQ: LPTH) is a vertically integrated provider of next-generation optics and imaging systems serving defense and commercial applications. The company designs, manufactures, and sells infrared optical components, visible optical components, optical assemblies and modules (including thermal imaging cameras), and provides engineering services. Its proprietary BlackDiamond chalcogenide-based glass materials — produced under exclusive license from the U.S. Naval Research Laboratory — are designed as germanium-free alternatives for infrared optics, positioning the company to benefit from U.S. and allied defense mandates to eliminate reliance on China-sourced optical materials. Through acquisitions of G5 Infrared LLC (cooled infrared cameras), Visimid Technologies (defense engineering), and Amorphous Materials Inc. (infrared glass production), LightPath has expanded from a component supplier into a full-spectrum optics solutions provider. The company operates manufacturing facilities in Orlando, Florida; Texas; New Hampshire; and Latvia, and is divesting its China subsidiary to complete its transition to a Western-aligned manufacturing footprint. Key end markets include defense (counter-UAS, thermal imaging, military optics), public safety, industrial sensing, and commercial imaging. Updated
The loss missing expectations is mostly a $3.4 million non-cash earnout charge tied to G5 Infrared beating its own targets, while revenue rose 73% year over year and gross margin expanded to 39.4% from 22%. Backlog closed the year at $110.9 million, up 197%, and fiscal 2027 spending goes toward the capacity to convert it.
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LightPath Technologies, Inc. (NASDAQ: LPTH) is a vertically integrated provider of next-generation optics and imaging systems serving defense and commercial applications.
The Wall Street consensus 12-month price target for LPTH is $15.80.
