Lightpath Technologies Inc (LPTH)

LightPath Technologies to Host Third Quarter Fiscal 2026 Earnings Call on May 7 at 5:00 p.m. Eastern TimeApril 30, 2026 8:31 AM
PR Newswire (US)

ORLANDO, Fla., April 30, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced it will release financial results for the fiscal third quarter ended March 31, 2026 after market close on May 7, 2026.







Management will host an investor conference call at 5:00 p.m. Eastern time on Thursday, May 7, 2026 to discuss the Company's third quarter fiscal 2026 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:Q3 FY2026 Earnings Conference CallDate: Thursday, May 7, 2026
Time: 5:00 p.m. Eastern time
U.S. Dial-in: 1-833-316-1983
International Dial-in: 1-785-838-9310
Conference ID: LIGHT
Webcast: LPTH Q3 FY2026 Earnings Conference CallPlease join at least five minutes before the start of the call to ensure timely participation.A playback of the call will be available through Thursday, May 21, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 11161627. A webcast replay will also be available using the webcast link above.About LightPath TechnologiesLightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials - sold under exclusive license from the U.S. Naval Research Laboratory - to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.Forward-Looking StatementsThis press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.



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Original: LightPath Technologies to Host Third Quarter Fiscal 2026 Earnings Call on May 7 at 5:00 p.m. Eastern Time

LightPath Appoints Two Senior Sales Executives to Drive Defense and Commercial GrowthApril 8, 2026 8:31 AM
PR Newswire (US)

Seasoned Defense and Aerospace Executives to Drive Revenue Growth and Expand Market Reach Across LightPath's Defense and Commercial PlatformsORLANDO, Fla., April 8, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced the appointments of Doug Schoen as Senior Vice President of Global Sales and Ryan Workman as Vice President, Business Development & Product Management, effective April 6, 2026. Both executives bring extensive defense industry leadership experience and will play key roles in accelerating the Company's commercial growth and expanding its market presence.







Doug Schoen – Senior Vice President of Global SalesMr. Schoen is a proven executive leader with over 25 years of experience in the aerospace and defense industry, spanning business development, international sales, strategic planning, and P&L management for product portfolios ranging from $400M to over $1 billon. Most recently, he served as Vice President and Senior Director of International Business Development at Elbit Systems of America, where he led cross-enterprise teams managing a pipeline including Foreign Military Sales and Direct Commercial Sales programs. Prior to Elbit, Mr. Schoen served as Managing Director, North America at Bell, overseeing commercial aircraft sales and aftermarket operations. He also held senior leadership roles at Honeywell, where he was Vice President of Defense and Space International with P&L responsibility, and at Collins Aerospace, where he led a 35-person global team responsible for business development and sales.Mr. Schoen is a retired U.S. Navy Captain and Naval Aviator with numerous command assignments and combat experience during multiple deployments. He holds a Master of Business Administration from the University of Iowa and a Bachelor of Science in Mechanical Engineering from Union College.Ryan Workman – Vice President, Business Development & Product ManagementMr. Workman brings over 15 years of experience driving strategic growth, product innovation, market expansion, and key customer development across the defense, intelligence, and federal law enforcement sectors. Most recently, he served as U.S. Lead at Motorola Solutions following the company's acquisition of Silent Sentinel in February 2024, where he continued to lead U.S. operations and drive expansion across defense and federal law enforcement markets. Previously, as Director, Partner, and Board Member at Silent Sentinel Inc., Mr. Workman grew the company's annual revenue from $500,000 to $27 million over 6 years, established the company's first U.S. production and support site, and secured a major contract with GDIT for the DHS CBP RVSSU program. He has a strong track record of aligning emerging mission requirements and evolving technical needs with differentiated solutions that open new markets, strengthen strategic accounts, and position organizations for sustained growth.Earlier in his career, he held business development leadership roles at Airship VMS and Brimtek, where he managed DOJ, DoD, and SOCOM accounts averaging $11 million in annual sales. Mr. Workman served with the U.S. Army's 173rd Airborne Brigade Combat Team, leading long-range precision fire and reconnaissance missions in Afghanistan.Management Commentary"The additions of Doug and Ryan to our leadership team represent a significant step forward in our efforts to capitalize on the substantial growth opportunities ahead of us," said Sam Rubin, President and Chief Executive Officer of LightPath Technologies. "Doug's extensive experience leading global sales organizations at major defense primes such as Elbit, Honeywell, and Collins Aerospace, combined with his decorated military career, make him ideally suited to scale our commercial operations and deepen our relationships with defense customers worldwide."Ryan's proven ability to build businesses from the ground up in the EO/IR and defense technology space, including his track record at Silent Sentinel and Motorola Solutions, will be instrumental in expanding our business development efforts and driving new customer acquisition. Together, they bring the leadership, relationships, and strategic acumen needed to help convert our strong backlog into sustained revenue growth," concluded Rubin.About LightPath TechnologiesLightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.Forward-Looking StatementsThis press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.



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Original: LightPath Appoints Two Senior Sales Executives to Drive Defense and Commercial Growth

LightPath Technologies Receives Highly Innovative Design Award from The Sterling CouncilApril 6, 2026 8:31 AM
PR Newswire (US)

Company Recognized for Manufacturing Excellence in the 2026 Sterling Manufacturing Business Excellence (SMBE) Award EvaluationORLANDO, Fla., April 6, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it has been awarded the Highly Innovative Design Award in the 2026 Sterling Manufacturing Business Excellence (SMBE) Award evaluation process conducted by The Sterling Council.







The SMBE Award program, now in its 34th year, is designed to identify and celebrate high-performing manufacturers, strengthen organizational learning and capability, and elevate a company's visibility and manufacturing excellence throughout the region. The evaluation process includes rigorous interviews and site visits conducted by expert teams from the manufacturing and Sterling communities, who assess company systems, practices and commitment to performance excellence.The Highly Innovative Design Award recognizes companies whose examiners and judges found them to be high performing, with a commitment to performance excellence and model practices for other manufacturers to emulate.Sam Rubin, President and Chief Executive Officer of LightPath, commented: "We are honored to receive the Highly Innovative Design Award from The Sterling Council. This recognition reflects the dedication of our entire team to operational excellence and innovation in manufacturing. As we continue to scale our defense and commercial programs, this award validates the strength of our processes and our commitment to delivering world-class optical and imaging solutions."LightPath will be formally presented with the award at the 34th Sterling Awards Ceremony and Banquet on Friday evening, May 29, 2026, at the JW Marriott Bonnet Creek in Orlando, Florida.About The Sterling CouncilThe Sterling Council is a public/private not-for-profit corporation established in 1992 and supported by the Executive Office of the Governor of Florida. The Council is the sole provider of Florida's Governor's Sterling Award for Performance Excellence, which is based on the nationally recognized Malcolm Baldrige Criteria—the gold standard for organizational excellence. Through programs like the Sterling Manufacturing Business Excellence (SMBE) Award, administered in partnership with FloridaMakes, the Council identifies and celebrates high-performing manufacturers across the state while promoting organizational learning and continuous improvement. For more information, visit www.TheSterlingCouncil.org/SMBEA.About LightPath TechnologiesLightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.Forward-Looking StatementsThis press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; the impact of tariffs and other governmental trade restrictions; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by the Company in its public filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K and other filings with the SEC. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.



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Original: LightPath Technologies Receives Highly Innovative Design Award from The Sterling Council

Back to the $3 per share range. Because losses are larger than they were during the prior year.
Dilution is killing the common shareholders. Stock value down another 13% today.

LightPath Technologies Reports Fiscal 2026 Second Quarter Financial ResultsFebruary 11, 2026 4:05 PM
PR Newswire (US)

ORLANDO, Fla., Feb. 11, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced financial results for its fiscal second quarter ended December 31, 2025.  







Financial Summary:
Three Months Ended
December 31,
$ in millions20252024% Change
Revenue$16.4$7.4120 %
Gross Profit$6.0$1.9212 %
Operating Expenses*$14.6$4.4231 %
Net Loss($9.4)($2.6)260 %
Adjusted EBITDA** $0.6($1.3)144 %

* Inclusive of $7.6M change in fair value of acquisition liabilities related to the G5 acquisition.** Reconciliation of this non-GAAP financial measure is provided below.Second Quarter Fiscal 2026 & Subsequent Highlights: Secured a $9.6 million purchase order for cooled infrared ("IR") cameras from an existing defense customer, with deliveries expected throughout calendar year 2026, further validating the strategic value of the G5 acquisition.Acquired the assets of Amorphous Materials, Inc. ("AMI") in January 2026, an industrial manufacturer with complementary Chalcogenide glass melting technologies for large diameter optics.Received a $4.8 million purchase order from an existing customer related to the supply of advanced IR camera systems for public safety applications for delivery in the Company's 2026 fiscal year.Appointed former Luminar manufacturing executive Israel Piergiovanni as Vice President of Manufacturing to scale production across LightPath's domestic and international footprint.Appointed defense industry executive Mark Caylor, former President of Northrop Grumman's Mission Systems Sector, to the Board of Directors bringing extensive defense industry expertise as LightPath evolves into a mission-critical optics supplier of choice to allied militaries.Fortified balance sheet with a $60 million public offering of common stock in December 2025, with net proceeds supporting working capital, strategic investments, acquisitions and general corporate purposes.Management Commentary Sam Rubin, Chief Executive Officer of LightPath, said: "The second quarter of 2026 was underscored by our accelerating revenue growth on strong orders, and the recent acquisition of Amorphous Materials. Ongoing order momentum and the addition of G5 Infrared LLC's ("G5") sales of cameras and modules drove a 120% revenue improvement to a record $16.4 million for the quarter. Our $97.8 million order backlog as of the end of the second quarter is demonstrating our position as a leading pure-play provider of high value optical and imaging systems."Our strategy continues to be validated not only by our sales growth, but the increasing focus by the U.S. government and Department of War to eliminate reliance on certain optical components, including optical systems or strategies from certain foreign nations. The recent passage of the Fiscal Year 2026 National Defense Authorization Act (NDAA) directed the US Department of War to develop and implement a strategy by January 1, 2030, to eliminate reliance on optical glass and optical systems sourced from certain foreign nations. These restrictions extend beyond finished systems to include critical materials such as optical glass, making supply chain transparency and material provenance increasingly central to defense and aerospace program compliance. Our optical assemblies, infrared cameras, and thermal imaging systems have already been designed, manufactured, and delivered in alignment with NDAA requirements. Faced with growing supply chain risks and increased defense spending in the U.S. and Europe, we believe we are positioned as a trusted supplier for mission-critical defense applications."We further reinforced our domestic glass manufacturing capabilities with the recent acquisition of the assets of AMI, a U.S. based manufacturer of complementary chalcogenide glass technologies. This acquisition added incremental glass melting technology, which melts high-grade glass as large diameter plates, critical for large optics, and in particular for advanced defense and space programs. The acquisition also added glass melting capacity and a second, NDAA compliant manufacturing location for BlackDiamond glass. The acquisition further solidifies our transition from a pure component provider to a truly vertically integrated provider of subsystems and solutions for IR imaging."As we progress into calendar year 2026 we remain highly focused on further growing our robust $97.8 million order backlog, converting our prospective customer pipeline into orders, and scaling deliveries. We continue to intentionally shift away from Germanium optics, expanding the adoption of our proprietary BlackDiamond™ glass across critical defense markets, while continuing to move up the value chain into fully integrated IR camera systems. G5's high-end cooled infrared camera product line and several established programs of record continue to contribute to revenue growth. As we combine our growing camera portfolio with AMI's highly complementary large-diameter glass capabilities, we believe that we will create a robust offering of IR materials and optics in the industry today, all of which we expect will be compliant with the latest NDAA requirement for U.S. produced glass and optics. Taken together, we believe we are well positioned to execute on our growth strategy to deliver sustainable revenue growth and value to our shareholders."Second Quarter Fiscal 2026 Financial ResultsRevenue for the second quarter of fiscal 2026 increased 120% to $16.4 million, as compared to $7.4 million in the same quarter of the prior fiscal year. Revenue was split amongst the Company's product groups in the second quarter of fiscal 2026 and the same quarter of the prior fiscal year as follows:Product Group Revenue
($ in millions)***Second Quarter of
Fiscal 2026Second Quarter of
Fiscal 2025% ChangeInfrared ("IR") Components$5.0$3.161 %Visible Components$3.4$2.825 %Assemblies & Modules$7.2$0.9741 %Engineering Services$0.7$0.7(2 %)
*** Numbers may not foot due to roundingGross profit increased 212% to $6.0 million, or 37% of total revenues, in the second quarter of 2026, as compared to $1.9 million, or 26% of total revenues, in the same year-ago quarter. The increase in gross margin as a percentage of revenue is primarily driven by the increase in revenue from assemblies and modules, which generally have higher margins. Gross margin on engineering services was also more favorable in the second quarter of fiscal 2026 due to a non-recurring engineering project for a defense customer. In addition, gross margins for infrared components have improved due to a more favorable mix, and the resolution of certain manufacturing yield issues that negatively impacted the second quarter of fiscal 2025.Operating expenses for the second quarter of fiscal 2026 includes the fair value adjustment of $7.6 million related to the G5 earnout liability, which will continue to be adjusted through operating expenses until it is paid out. Excluding this amount, operating expenses increased $2.6 million, or 60%, to $7.1 million for the second quarter of fiscal 2026, as compared to $4.4 million in the same year-ago quarter. The increase was primarily due to the integration of G5 following its acquisition earlier this year, as well as increased sales and marketing spend to promote new products. Our SG&A personnel costs have also increased due to filling certain vacant executive roles and accruing for incentive compensation plans for employees.Net loss in the second quarter of fiscal 2026 totaled $9.4 million, or $0.20 per basic and diluted share, as compared to $2.6 million, or $0.07 per basic and diluted share, in the same year-ago quarter. The year-over-year increase in net loss for the second quarter of fiscal 2026 was primarily attributable to the change in fair value of acquisition liabilities for the earnout related to the acquisition of G5.Adjusted EBITDA* for the second quarter of fiscal 2026 was $0.6 million, as compared to an adjusted EBITDA loss of $1.3 million for the same year-ago quarter. The increase was primarily attributable to the increase in gross profit, driven by higher sales, partially offset by increased SG&A and new product development costs.Second Quarter Fiscal 2026 Earnings Call Management will host an investor conference call at 5:00 p.m. Eastern time today, Wednesday, February 11, 2026, to discuss the Company's second quarter fiscal 2026 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:Q2 FY2026 Earnings Conference CallDate: Wednesday, February 11, 2026
Time: 5:00 p.m. Eastern time
U.S. Dial-in: 1-877-425-9470
International Dial-in: 1-201-389-0878
Conference ID: 13758590
Webcast: LPTH Q2 FY2026 Earnings Conference CallPlease join at least five minutes before the start of the call to ensure timely participation.A playback of the call will be available through Wednesday, February 25, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13758590. A webcast replay will also be available using the webcast link above.About LightPath TechnologiesLightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials - sold under exclusive license from the U.S. Naval Research Laboratory - to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.**Use of Non-GAAP Financial Measures To provide investors with additional information regarding financial results, this press release includes references to EBITDA and adjusted EBITDA, which are non-GAAP financial measures. The Company calculates EBITDA by adjusting net income to exclude net interest expense, income tax expense or benefit, depreciation, and amortization. We also calculate adjusted EBITDA, which excludes, as applicable: (1) stock compensation expenses; (2) the loss on extinguishment of debt; (3) the effect of the non-cash income or expense associated with the mark-to-market adjustments, related to the warrants; (4) the effect of non-cash income or expenses associated with the fair value adjustments related to the acquisition earnout liabilities; and (5) the effect of foreign exchange gains or losses.A "non-GAAP financial measure" is generally defined as a numerical measure of a company's historical or future performance that excludes or includes amounts, or is subject to adjustments, so as to be different from the most directly comparable measure calculated and presented in accordance with GAAP. The Company's management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Management also believes that these non-GAAP financial measures enhance the ability of investors to analyze underlying business operations and understand performance. In addition, management may utilize these non-GAAP financial measures as guides in forecasting, budgeting, and planning. Non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial measures presented in accordance with GAAP. A reconciliation of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP is presented in the table below.LIGHTPATH TECHNOLOGIES, INC.
Reconciliation of Non-GAAP Financial Measures and Regulation G Disclosure


(unaudited)


Three Months Ended

Six Months Ended


December 31,

December 31,


2025

2024

2025

2024
Net loss
$(9,405,409)

$(2,611,997)

$(12,298,411)

$(4,234,742)
Depreciation and amortization

1,235,738


904,040


2,454,686


1,893,602
Income tax provision

30,556


44,525


111,826


60,161
Interest expense

285,023


169,053


553,876


318,413
EBITDA
$(7,854,092)

$(1,494,379)

$(9,178,023)

$(1,962,566)
Stock-based compensation

338,949


241,545


698,610


506,020
Loss in extinguishment of debt

506,280


—


506,280


—
Change in fair value of acquisition liabilities

7,559,000


—


8,841,529


—
Foreign exchange loss (gain)

13,526


(39,578)


56,068


(4,074)
Adjusted EBITDA
$563,663

$(1,292,412)

$924,464

$(1,460,620)
% of revenue

3%

-17%

3%

-9%Forward-Looking StatementsThis press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, statements regarding expectations, beliefs, hopes, intentions or strategies regarding, among other things, the Company's expectations that the U.S. government will work to eliminate reliance on optical systems from certain foreign nations, as well as the Company's belief that it will be well positioned as a supplier of choice for mission-critical defense applications; the Company's ability to grow its backlog, convert its customer pipeline into orders and scale deliveries during fiscal year 2026 and beyond; the Company's ability to minimize use of Germanium optics and expand its use of BlackDiamond™ glass; the Company's expectations regarding future revenue growth; the Company's belief that it will be able to leverage AMI's large-diameter class capabilities to create a robust offering of IR materials and optics; the Company's ability to comply with NDAA requirements for U.S. produced glass and optics; the Company's ability to execute on its growth strategy to deliver revenue growth and value to its shareholders, as well as other statements that are other than historical fact. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the likelihood that the impact of varying demand for the Company products; the U.S. governments initiatives to move away from using optical systems from certain foreign nations; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; the Company's reliance on a few key customers; the ability of the Company to obtain needed raw materials and components from its suppliers; the impact that international tariffs may have on our business and results of operations; the impact of political and other risks as a result of our sales to internal customers and/or our sourcing of materials from international suppliers; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas-Israel war; the effects of steps that the Company could take to reduce operating costs; and those factors detailed by the Company in its public filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K and other filings with the SEC. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.LIGHTPATH TECHNOLOGIES, INC.Condensed Consolidated Balance Sheets(unaudited)




December 31,

June 30,


2025

2025
Assets







Current assets:







Cash and cash equivalents
$73,572,471

$4,877,036
Trade accounts receivable, net of allowance of $34,766 and $24,495

8,583,487


9,455,310
Inventories, net

13,491,419


12,858,838
Prepaid expenses and deposits

1,330,172


1,142,661
Other current assets

23,192


40,150
Total current assets

97,000,741


28,373,995









Property and equipment, net

15,176,577


15,864,061
Operating lease right-of-use assets

7,430,787


7,429,378
Intangible assets, net

15,086,873


15,987,923
Goodwill

13,753,921


13,753,921
Deferred tax assets, net

22,240


22,571
Other assets

87,369


73,917
Total assets
$148,558,508

$81,505,766
Liabilities and Stockholders' Equity







Current liabilities:







Accounts payable
$5,978,713

$7,421,430
Accrued liabilities

14,262,568


5,686,396
Accrued payroll and benefits

2,497,228


2,359,152
Operating lease liabilities, current

1,349,820


1,254,062
Loans payable, current portion

115,774


172,567
Finance lease obligation, current portion

216,191


206,518
Total current liabilities

24,420,294


17,100,125
Deferred tax liabilities, net

86,274


152,760
Accrued liabilities, noncurrent

3,300,000


823,000
Finance lease obligation, less current portion

346,400


421,363
Operating lease liabilities, noncurrent

8,102,873


8,326,250
Loans payable, less current portion

135,069


4,804,990
Total liabilities

36,390,910


31,628,488









Commitments and Contingencies
















Series G Convertible Preferred Stock; $0.01 par value; 44,000
shares authorized; 24,956 shares issued and outstanding
$34,232,510

$34,232,510









Stockholders' equity:







Preferred stock: Series D, $0.01 par value, voting; 500,000 shares
authorized; none issued and outstanding

—


—
Common stock: Class A, $0.01 par value, voting; 94,500,000 shares
authorized; 54,442,677 and 42,949,307 shares issued and outstanding

544,427


429,493
Additional paid-in capital

319,121,901


244,953,346
Accumulated other comprehensive income

1,283,928


978,686
Accumulated deficit

(243,015,168)


(230,716,757)
Total stockholders' equity

77,935,088


15,644,768
Total liabilities, convertible preferred stock and stockholders' equity
$148,558,508

$81,505,766
 LIGHTPATH TECHNOLOGIES, INC.Condensed Consolidated Statements of Comprehensive Income (Loss)(unaudited) 

Three Months Ended

Six Months Ended


December 31,

December 31,


2025

2024

2025

2024
Revenue, net
$16,351,652

$7,424,829

$31,409,933

$15,825,210
Cost of sales

10,331,322


5,493,998


20,907,031


11,049,950
Gross profit

6,020,330


1,930,831


10,502,902


4,775,260
Operating expenses:















Selling, general and administrative

5,859,461


3,356,063


10,243,331


6,626,646
New product development

748,829


764,396


1,616,257


1,240,837
Amortization of intangible assets

450,526


294,711


901,050


690,487
Change in fair value of acquisition liabilities

7,559,000


—


8,841,529


—
Loss on disposal of property and equipment

17


—


4,016


78,437
Total operating expenses

14,617,833


4,415,170


21,606,183


8,636,407
Operating loss

(8,597,503)


(2,484,339)


(11,103,281)


(3,861,147)
Other expense:















Interest expense, net

(285,023)


(169,053)


(553,876)


(318,413)
Loss in extinguishment of debt

(506,280)


—


(506,280)


—
Other expense (income), net

13,953


85,920


(23,148)


4,979
Total other expense

(777,350)


(83,133)


(1,083,304)


(313,434)
Loss before income taxes

(9,374,853)


(2,567,472)


(12,186,585)


(4,174,581)
Income tax provision

30,556


44,525


111,826


60,161
Net loss
$(9,405,409)

$(2,611,997)

$(12,298,411)

$(4,234,742)
Foreign currency translation adjustment

212,859


(451,035)


305,242


(179,441)
Comprehensive loss
$(9,192,550)

$(3,063,032)

$(11,993,169)

$(4,414,183)
Loss per common share (basic)
$(0.20)

$(0.07)

$(0.27)

$(0.11)
Number of shares used in per share calculation (basic)

46,998,804


39,728,933


45,143,367


39,645,206
Loss per common share (diluted)
$(0.20)

$(0.07)

$(0.27)

$(0.11)
Number of shares used in per share calculation (diluted)

46,998,804


39,728,933


45,143,367


39,645,206
 LIGHTPATH TECHNOLOGIES, INC.Condensed Consolidated Statements of Changes in Stockholders' Equity(unaudited) 




Temporary Equity

























Series G
Convertible

Class A

Additional

Accumulated
Other





Total


Preferred Stock

Common Stock

Paid-in

Comprehensive

Accumulated

Stockholders'


Shares

Amount

Shares

Amount

Capital

Income

Deficit

Equity
Balances at June 30, 2025

24,956

$34,232,510


42,949,307

$429,493

$244,953,346

$978,686

$(230,716,757)

$15,644,768
Issuance of common stock for:































Exercise of stock options, RSUs &
RSAs, net

—


—


8,583


86


(86)


—


—


—
Issuance of common stock under
private equity placement

—


—


1,600,000


16,000


7,878,045


—


—


7,894,045
Issuance of common stock for
acquisition of Visimid

—


—


112,323


1,123


348,877


—


—


350,000
Stock-based compensation on
stock options, RSUs & RSAs

—


—


—


—


349,624


—


—


349,624
Foreign currency translation adjustment

—


—


—


—


—


92,383


—


92,383
Net loss

—


—


—


—


—


—


(2,893,002)


(2,893,002)
Balances at September 30, 2025

24,956

$34,232,510


44,670,213

$446,702

$253,529,806

$1,071,069

$(233,609,759)

$21,437,818
Issuance of common stock for:































Exercise of stock options, RSUs &
RSAs, net

—


—


120,234


1,203


(1,203)


—


—


—
Exercise of warrants

—


—


739,730


7,397


(7,397)


—


—


—
Issuance of common stock under
public equity placement

—


—


8,912,500


89,125


65,251,709


—


—


65,340,834
Stock-based compensation on stock
options, RSUs & RSAs

—


—


—


—


348,986


—


—


348,986
Foreign currency translation adjustment

—


—


—


—


—


212,859


—


212,859
Net loss

—


—


—


—


—


—


(9,405,409)


(9,405,409)
Balances at December 31, 2025

24,956

$34,232,510


54,442,677

$544,427

$319,121,901

$1,283,928

$(243,015,168)

$77,935,088

































Balances at June 30, 2024

—

$—


39,254,643

$392,546

$245,140,758

$509,936

$(215,843,575)

$30,199,665
Issuance of common stock for:





























0
Employee Stock Purchase Plan

—


—


8,232


82


10,290


—


—


10,372
Exercise of Stock Options, RSUs &
RSAs, net

—


—


70,309


703


(703)


—


—


—
Issuance of common stock for
acquisition of Visimid

—


—


279,553


2,796


318,562


—


—


321,358
Stock-based compensation on stock
options, RSUs & RSAs

—


—


—


—


264,475


—


—


264,475
Foreign currency translation adjustment

—


—


—


—


—


271,594


—


271,594
Net loss

—


—


—


—


—


—


(1,622,745)


(1,622,745)
Balances at September 30, 2024

—

$—


39,612,737

$396,127

$245,733,382

$781,530

$(217,466,320)

$29,444,719
Issuance of common stock for:































Exercise of Stock Options, RSUs &
RSAs, net

—


—


229,097


2,291


(2,291)


—


—


—
Shares issued as compensation

—


—


49,000


490


89,180


—


—


89,670
Stock-based compensation on stock
options, RSUs & RSAs

—


—


—


—


231,581


—


—


231,581
Foreign currency translation adjustment

—


—


—


—


—


(451,035)


—


(451,035)
Net loss

—


—


—


—


—


—


(2,611,997)


(2,611,997)
Balances at December 31, 2024

—

$—


39,890,834

$398,908

$246,051,852

$330,495

$(220,078,317)

$26,702,938
 LIGHTPATH TECHNOLOGIES, INC.Condensed Consolidated Statements of Cash Flows(unaudited) 




Six Months Ended


December 31,


2025

2024
Cash flows from operating activities:







Net loss
$(12,298,411)

$(4,234,742)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:







Depreciation and amortization

2,454,686


1,893,602
Interest from amortization of loan issuance costs

90,124


120,833
Amortization of fair value of loan

90,321


—
Loss on extinguishment of debt

506,280


—
Change in fair value of acquisition earnout liabilities

8,841,529


—
Loss on disposal of property and equipment

4,016


78,437
Stock-based compensation on stock options, RSUs & RSAs, net

698,610


506,020
Provision for credit losses

(11,573)


—
Change in operating lease assets and liabilities

(129,028)


(57,653)
Inventory write-offs to allowance

147,896


135,625
Deferred taxes

(66,155)


(2,795)
Changes in operating assets and liabilities, net of acquisitions:







Trade accounts receivable

883,396


(350,703)
Other current assets

16,958


41,286
Inventories

(780,477)


(13,005)
Prepaid expenses and deposits

(24,253)


(123,598)
Accounts payable and accrued liabilities

1,257,002


(430,923)
Net cash provided by (used in) operating activities

1,680,921


(2,437,616)









Cash flows from investing activities:







Purchase of property and equipment

(944,909)


(160,155)
Proceeds from sale of equipment

—


10,648
Net cash used in investing activities

(944,909)


(149,507)









Cash flows from financing activities:







Proceeds from sale of common stock from Employee Stock Purchase Plan

—


10,372
Proceeds from issuance of common stock under public equity placement, net of fees

65,340,834


—
Proceeds from issuance of common stock under private equity placement, net of fees

7,894,045


—
Deferred payment for acquisition of Visimid

—


(125,000)
Borrowings on loans payable

—


3,000,000
Loan issuance costs

—


(300,000)
Payments on loans payable

(5,413,819)


(106,486)
Repayment of finance lease obligations

(107,712)


(89,705)
Net cash provided by financing activities

67,713,348


2,389,181
Effect of exchange rate on cash and cash equivalents

246,075


(81,260)
Change in cash and cash equivalents

68,695,435


(279,202)
Cash and cash equivalents, beginning of period

4,877,036


3,480,268
Cash and cash equivalents, end of period
$73,572,471

$3,201,066









Supplemental disclosure of cash flow information:







Interest paid in cash
$373,398

$40,838
Income taxes paid
$170,272

$61,427
Supplemental disclosure of non-cash investing & financing activities:







Purchase of equipment through finance lease arrangements
$41,901

$93,048
Operating right-of-use assets acquired in exchange for operating lease liabilities
$435,733

$—
Issuance of common stock for acquisition of Visimid
$350,000

$321,358
 



View original content to download multimedia:https://www.prnewswire.com/news-releases/lightpath-technologies-reports-fiscal-2026-second-quarter-financial-results-302685505.htmlSOURCE LightPath Technologies

Original: LightPath Technologies Reports Fiscal 2026 Second Quarter Financial Results

LightPath Technologies Receives $9.6 Million Purchase Order for Cooled Infrared Cameras from Existing Defense CustomerFebruary 9, 2026 8:31 AM
PR Newswire (US)

ORLANDO, Fla., Feb. 9, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it has secured a $9.6 million purchase order for cooled infrared cameras from an existing defense customer for use in defense and security applications, with deliveries expected throughout calendar year 2026.







Production of the cameras will be split between the Company's facilities in Florida and New Hampshire, leveraging LightPath's expanded domestic manufacturing capabilities. LightPath's cooled infrared cameras are the system of choice for all-weather security and surveillance, combining high-end performance with reliability and ease of use."This significant repeat order from an existing customer underscores the growing demand for our advanced cooled infrared camera systems and further validates the strategic value of our G5 acquisition," said Sam Rubin, President and Chief Executive Officer of LightPath. "Our ability to secure orders of this magnitude demonstrates the quality and reliability of our products as well as our ability to supply them, and the production split between our Florida and New Hampshire facilities highlights our expanding domestic manufacturing footprint."G5's revenue continues to be driven by established multi-year contracts and multiple programs of record in shipboard long-range surveillance, border security, and counter-UAS systems, as well as recurring federal, naval, and law enforcement programs. We look forward to delivering on this order throughout 2026 and continuing to expand our relationships with our valued defense customers as they seek superior products with secure domestic supply chains," concluded Rubin.About LightPath TechnologiesLightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.Forward-Looking StatementsThis press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.



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Original: LightPath Technologies Receives $9.6 Million Purchase Order for Cooled Infrared Cameras from Existing Defense Customer

LightPath Technologies to Host Second Quarter Fiscal 2026 Earnings Call on February 11 at 5:00 p.m. Eastern TimeFebruary 4, 2026 8:31 AM
PR Newswire (US)

ORLANDO, Fla., Feb. 4, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced it will release financial results for the fiscal second quarter ended December 31, 2025 after market close on February 11, 2026.







Management will host an investor conference call at 5:00 p.m. Eastern time on Wednesday, February 11, 2026 to discuss the Company's second quarter fiscal 2026 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:Q2 FY2026 Earnings Conference CallDate: Wednesday, February 11, 2026
Time: 5:00 p.m. Eastern time
U.S. Dial-in: 1-877-425-9470
International Dial-in: 1-201-389-0878
Conference ID: 13758590
Webcast: LPTH Q2 FY2026 Earnings Conference CallPlease join at least five minutes before the start of the call to ensure timely participation.A playback of the call will be available through Wednesday, February 25, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13758590. A webcast replay will also be available using the webcast link above.About LightPath TechnologiesLightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials - sold under exclusive license from the U.S. Naval Research Laboratory - to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.Forward-Looking StatementsThis press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. 



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Original: LightPath Technologies to Host Second Quarter Fiscal 2026 Earnings Call on February 11 at 5:00 p.m. Eastern Time

LightPath Reinforces National Defense Authorization Act Readiness with Domestic Infrared Optics and SystemsJanuary 28, 2026 1:31 PM
PR Newswire (US)

Department of War to Eliminate Reliance on Optical Systems from Certain Foreign Nations, Positioning LightPath as a Supplier of Choice for Mission-Critical Defense ApplicationsORLANDO, Fla., Jan. 28, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today reinforced its long-standing commitment to secure, domestic defense supply chains following the passage of the Fiscal Year 2026 National Defense Authorization Act (NDAA), which directs the US Department of War to eliminate reliance on optical glass and optical systems sourced from certain foreign nations by January 1, 2030.







Section 834 of H.R. 3838 states that "The Secretary of Defense shall develop and implement a strategy to eliminate the reliance of the Department of Defense on any covered nation to acquire optical glass or optical systems by January 1, 2030."Under the NDAA, "covered nations" include China, Russia, Iran, North Korea, and Belarus. These restrictions extend beyond finished systems to include critical materials such as optical glass, making supply chain transparency and material provenance increasingly central to defense and aerospace program compliance.LightPath's optical assemblies, infrared cameras, and thermal imaging systems have already been designed, manufactured, and delivered in alignment with NDAA requirements. The company's proprietary BlackDiamond infrared glass technology offers a proven alternative to foreign sources. LightPath's solutions reduce material risk while supporting high-performance electro-optical and infrared applications across land, sea, air, and space platforms.LightPath continues to expand its domestic glass manufacturing capabilities to support growing defense and aerospace demand. The company has announced a strategic acquisition of Amorphous Materials, Inc. (AMI), a U.S. based manufacturer of complementary chalcogenide glass technologies. The acquisition adds large-diameter glass melting capability, increases overall production capacity, and introduces a second NDAA compliant manufacturing location. This expansion further strengthens LightPath's ability to support high-value, large-format optics required for advanced defense and space-based sensor programs."While the NDAA now formally calls out optical glass, our approach has always been to design and manufacture systems that defense customers can rely on without question," said Sam Rubin, President and Chief Executive Officer of LightPath Technologies. "Supply chain security, domestic manufacturing, and long-term program readiness are not new priorities for us. Our cameras, optical assemblies, and thermal imaging solutions have been NDAA compliant for years, and BlackDiamond was developed specifically to address material risk, availability, and performance at scale."Unlike some foreign made optics, BlackDiamond infrared glass enables domestic manufacturing, stable supply, and scalable production without dependence on constrained or geopolitically sensitive sources. Combined with expanded domestic chalcogenide glass manufacturing capabilities from Amorphous Materials, Inc., LightPath is positioned as a risk reduction partner for defense programs that must meet compliance requirements early in their design and qualification cycles.Although the NDAA establishes a 2030 deadline, defense acquisition timelines and system development cycles effectively require action in the immediate term to meet this requirement. Program managers and prime contractors are already evaluating compliant materials and suppliers to avoid redesigns, recertification delays, and future supply disruptions.LightPath invites early engagement from defense and aerospace programs seeking NDAA-aligned optical materials, assemblies, and complete thermal imaging systems. By partnering early in the design process, customers can ensure compliance, reduce long-term risk, and accelerate time to deployment with solutions that are already proven in active defense programs.About LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials - sold under exclusive license from the U.S. Naval Research Laboratory - to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.Forward-Looking Statements
This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, statements regarding expectations, beliefs, hopes, intentions or strategies regarding, among other things, the anticipated benefits and potential synergies of the acquisition, the Company's ability to generate and accelerate additional revenue, possible market expansion, as well as the reception in the industry, the Company's ability to pursue additional opportunities, such as the U.S. Golden Dome, as well as other statements that are other than historical fact. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the likelihood that the impact of varying demand for the Company products; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; the Company's reliance on a few key customers; the ability of the Company to obtain needed raw materials and components from its suppliers; the impact that international tariffs may have on our business and results of operations; the impact of political and other risks as a result of our sales to internal customers and/or our sourcing of materials from international suppliers; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; and those factors detailed by the Company in its public filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K and other filings with the SEC. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.



View original content to download multimedia:https://www.prnewswire.com/news-releases/lightpath-reinforces-national-defense-authorization-act-readiness-with-domestic-infrared-optics-and-systems-302671960.htmlSOURCE LightPath Technologies

Original: LightPath Reinforces National Defense Authorization Act Readiness with Domestic Infrared Optics and Systems

Looks like Lightpath bought these guys. They are in the glass making business.

https://www.amorphousmaterials.com/

I wonder what happened today... Maybe another equity raise? I haven't a clue--am only guessing.

9.20

I see that understanding financials might not be your strength.
Expenses increased for the following reasons:
The increase was due to: (i) higher legal and consulting fees related to business development and strategic initiatives, including expenses associated with the G5 acquisition, as well as increased sales and marketing spend to promote new products; (ii) an increase in materials spend for internally funded new product development projects; and (iii) an increase in the fair value of acquisition liabilities of $1.4 million.

They purchased a company and are spending more on sales and marketing folks in order to gain addition purchase orders for a technology that replaces a reliance on Chinese rare earth materials. And the best part is that it's working now. Some of the increase in share count involved the purchase of that company.
Just because two companies received discounted shares in exchange for cash doesn't mean the shares are worth $5.
I expect the stock to trade between $7-10 for the rest of the year.  But who knows what the momo crowd will do to this stock short term.

Terrible. LPTH are even farther from profitability. Even adjusted income for the quarter was 1.77 times larger loss than prior year's quarter! And now number of shares is up to 43 million. Sufficient revenues are not showing up. Profit margins are getting worse. Tangible net assets on balance sheet is going to zero. It is pretty sure we'll see LPTH go below $5 per share over the next couple weeks.

LPTH better show a positive pre-tax income this quarter. If they don't, this stock will really tank. They have been hyping it up. They have been generating more shares and dumping them on unwitting "investors". LPTH had 37 million shares last year at the time, but they are now diluting shareholder to over 42 million shares. Beware.

Interesting that they announce today, an $8M investment from ONDS + UMAC (same as SPAI).
A few days ago (09/03/25), they announced an $18.2M purchase order.
The 10Q filing on 9/18 is about 1 month later than normal.
Hmmmmmm

LPTH, 10 Q due this week

Made need a cash raise to produce this order. Be on look out for filing.

HEADS UP:..$MTEK partner $LPTH ripping on Infra-Red deal news...The EXACT Equipment $MTEK provides $LPTH.>links;\

$LPTH & $MTEK:
https://www.maris-tech.com/maris-tech-collaborates-with-lightpath-for-ai-ready-infrared-cameras/press-releases/

$LPTH news just posted:
https://finance.yahoo.com/news/lightpath-technologies-secures-18-2-123100471.html

Company wins $18.2 million order for infrared camera systems for 2026 from one customer (likely Lockheed) and anticipates, not confirmed yet,  a follow on order for up to $22 million in 2027.
Stock up 20% this morning.

LPTH...A CLASSIC TRENDTRADE MASTER CALL...BASED ON A DAILY WEEKLY AND MONTHLY BULLISH TREND...

LPTH HERE WE GO

LPTH MONSTER BREAK OUT

LPTH HERE WE GO...NOT A CHART BETTER

LPTH...A REAL BLUE SKY BREAK OUT

LPTH...A REAL BLUE SKY BREAK OUT

LPTH THE MONSTER IS ABOUT TO BREAK HER CHAINS AND BEAST THROUGH BEASTVILLE...A MASTER CLASS ON CHARTING RIGHT HERE

LPTH GET READY TO RUMBLE...WE HAVE A MONTHLY BULLISH BREAK OUT

The cutting of red tape for drone development should be a positive for Lightpath.  Should enable them to obtain more customers for their optical lenses. Lockheed already integrating them into the new Stinger missle program.   G5 purchase should also allow company to make huge inroads.

Guess I'm posting to an audience of  one. Bumping against the $3 mark right now.   Nice accumulation since the secondary at $2.15 .

Being taken out to the woodshed for mediocre earnings report plus a very expensive acquisition. $20 mil cash + 2 mil shares (+ up to $23 mil in earnout in 2026-2027).

They had to do a private placement in order to raise cash at $2.15 per share in amount of $32 mil.

Somehow they say this acquisition is going to be accretive.

All it does is lengthen out the period for price appreciation.

LPTH, new 52=week high

At some point this company will need to raise cash in order to fund potential new business.

lpth........................https://stockcharts.com/h-sc/ui?s=loop&p=W&b=5&g=0&id=p86431144783

LPTH.....................https://stockcharts.com/h-sc/ui?s=LPTH&p=W&b=5&g=0&id=p86431144783

$LPTH Buy average from Barchart https://www.barchart.com/stocks/quotes/LPTH/opinion

$LPTH News - LightPath Technologies Awarded Phase 2 Funding in U.S. Defense Department Partnership to Qualify Additional Germanium Substitutes
Strategic Defense Partnership Follows Successful Phase 1 Qualification of Additional LightPath Proprietary BlackDiamond™ Material Variants

ORLANDO, Fla., Oct. 3, 2024 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading global, vertically integrated provider of thermal imaging cores, custom optical assemblies, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries, today announced the U.S. Department of Defense ("DoD") via the Defense Logistics Agency, Strategic Materials ("DLA") has awarded Phase 2 funding to support the qualification of additional LightPath Black Diamond ("BD") chalcogenide glasses as substitute to germanium.
Qualification is a process in which suppliers demonstrate that their materials meet the required specifications and performance standards (MRL, Material Readiness Level) set by the DLA for use in defense applications. DLA qualification funding is made in two phases. The first phase of $250,000, which commenced in July 2023, was earmarked explicitly for 3 of LightPath's proprietary Black Diamond glasses, licensed exclusively from the US Naval Research Laboratories (NRL) as a substitute for Germanium. In this phase, LightPath completed qualification of new materials, which are now designed into several programs of record, and have completely replaced Germanium in those programs.

https://finance.yahoo.com/news/lightpath-technologies-awarded-phase-2-123100118.html

$LPTH #BreakingNews LightPath Technologies Secures Order for Thermal Imaging Assemblies for New Program with Tier-1 Defense Customer https://finance.yahoo.com/news/lightpath-technologies-secures-order-thermal-123100973.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

$LPTH Q4 2024 LightPath Technologies Inc Earnings Call
Participants
Albert Miranda; Chief Financial Officer; LightPath Technologies Inc

Sam Rubin; President, Chief Executive Officer, Director; LightPath Technologies Inc

Brian Kinstlinger; Analyst; Alliance Global Partners

Jaeson Schmidt; Analyst; Lake Street Capital Markets, LLC

Scott Buck; Analyst; H.C. Wainwright & Co., LLC

Glenn Mattson; Analyst; Ladenburg Thalmann & Co. Inc.

https://finance.yahoo.com/news/q4-2024-lightpath-technologies-inc-123704371.html

Our Lockheed Martin Project – this is the biggest opportunity LightPath ever had and is completely transformative to us. We are designing a system for a new Lockheed Martin missile. Currently in development, might have a decision on production as early as sep 2025. If Lockheed wins this project, our revenue from this is going to be between $50M to $100M a year!!
Our three pillars of growth: our growth now is driven by three areas, which are independent of each other. Defense business, camera sales, and automotive. Each one of those three pillars bring multiple opportunities that have the potential to be tens of millions of dollars of annual revenue (like the Lockheed Martin one)
Our transformation over the last few years. LightPath was a company making components at dollars a piece, and now makes cameras that sell for as much as $30K a piece. Huge transformation
Automotive: US NHTSA (National Highway Traffic Safety Administration part of DoT) set a new rule that by 2029 ALL new cars must have emergency braking systems that can operate in total darkness. This means Thermal imaging will be used. LightPath has already been qualified by one car manufacturer to supply those, and is working with others

$LPTH New Line of High ASP Mantis Cameras to Provide an Important Tool for Greenhouse Gas Emissions Minimization in Power Plants

ORLANDO, FL / ACCESSWIRE / September 12, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, today announced the global launch of a new version of the Mantis™ camera, specifically designed for monitoring high-temperature processes inside boilers and furnaces in power plants, and first commercial order for furnace inspection at a customer in southeastern US. The Mantis Camera technology platform reflects LightPath's transformation from being a component-level manufacturing company to a product solutions company leveraging the transformational capabilities of its optical technologies.https://finance.yahoo.com/news/lightpath-launches-next-gen-mantis-123000011.html

$LPTH Breaking News! LightPath Launches Next Gen Mantis(TM) Camera into $500 Million Global Furnace Monitoring Market
https://finance.yahoo.com/news/lightpath-launches-next-gen-mantis-123000011.html

$LPTH Ground breaking Opportunity https://stockcharts.com/sc3/ui/?s=LPTH

LPTH.....................https://stockcharts.com/h-sc/ui?s=LPTH&p=W&b=5&g=0&id=p86431144783

LPTH nothing burger

Nice, this one dropped off the radar for a bit...

Nice News = NEWS
LightPath Announces Initial $4.7m Order from Lockheed Martin
ORLANDO, FL / ACCESSWIRE / December 11, 2023 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced that the Company has received a phase I order to develop an advanced infrared camera system for a key Army program (or the "Program"). The Company has received the phase one order from Lockheed Martin Missiles & Fire Control of $4.7 million as part of the Program announced in September.

The initial phase one order is for development and initial prototypes of an advanced thermal camera system to be delivered over the next 12 to 24 months. Positive results of the phase one development will result in a phase two order valued at approximately $3 million. The decision to move the Program to production is expected in 2026, at which point an initial production of 10,000 systems will commence. A fully in-production program would likely have average selling prices of between $5,000 and $10,000 per system, for LightPath's contribution, and significant follow-on orders after the initial 10,000 systems.

LightPath's President and CEO, Sam Rubin commented, "Winning this program of record is a major milestone in the successful implementation of our strategy. Over the last three years LightPath has been pivoting from a pure components manufacturer to leveraging its key technologies and capabilities to becoming an imaging solutions provider. Winning a major program of record, in which we will provide a complete imaging solution, is where we have been aiming and aspiring. Production of these systems will be done in our newly expanded Orlando manufacturing facility.

"Our business is currently driven by three independent pillars of growth: camera solutions, defense, and new applications such as automotive. In each of those pillars of growth we have multiple opportunities that are potentially in the order of tens of millions of dollars per year. Today one of those opportunities is moving forward and we look forward to announcing more such programs in the near future."

Mr. Rubin concluded: "I would like to congratulate the entire LightPath team on this successful implementation of our strategy and on this very important step achieved."

About LightPath Technologies:

China is clamping down in Germanium exports. LightPath has been moving away from Germanium toward chalcogenide glass that is lighter and more malleable so it can mold lenses for higher quantity commercial applications.

We have movement higher by 33% this morning. Will see if it holds and if there is any news such as upgrade.

Sucky earnings on China mess killed this stock today.

Stealth move higher. need some more volume though.