LPTH
LightPath Technologies, Inc.7.33
-0.16-2.14%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A flags capacity constraints, timelines
Q&A largely reaffirmed prepared remarks on LightPath's transformation and growth drivers, with management detailing execution constraints around capacity and product development to exploit a three-year germanium advantage window. Europe sales surged from NATO spending in Europe and Israel, including some G5 cameras, while free-space optical satellite links grow with capacity talks underway. All G5 cameras convert to Black Diamond by autumn, accelerating long-range output. Amorphous adds a key defense prime customer on airborne platforms, scalable via LightPath's molding. Gross margins hold near 35% YTD goal into March. Capacity constrains most. Investors watch conversion timelines and resource allocation amid urgency.
Key Stats
Market Cap
333.74MP/E (TTM)
-Basic EPS (TTM)
-0.39Dividend Yield
0%Recent Filings
8-K
Investor day held
10-Q
Q2 FY2026 results
LightPath's Q2 FY2026 revenue doubled to $16.4M y/y (derived), with assemblies and modules surging 741% to $7.2M on G5 Infrared integration, lifting gross margin to 37% from 26%. Operating loss hit $8.6M while net loss reached $9.4M, widened by $7.6M change in fair value of G5 earnout liabilities and $0.5M debt extinguishment. Cash soared to $73.6M after $65.3M public offering and $7.9M private placement; FCF not disclosed in the 10-Q. G5 closed Feb 2025 for $27.1M (cash/stock), recognizing $7.0M goodwill and $13.8M intangibles (1-15 years). Backlog climbed to $97.8M. China's export curbs on Germanium threaten supply.
8-K
Revenue soars 120% to $16.4M
LightPath Technologies blasted revenue 120% to $16.4M in Q2 fiscal 2026, driven by assemblies and modules up 741%, yet posted a $9.4M net loss from $7.6M G5 earnout adjustment. Backlog hit $97.8M; recent $60M stock offering and AMI asset acquisition bolster IR glass capacity amid NDAA push for domestic optics. Order momentum surges.
8-K
LightPath closes $7M glass assets deal
LightPath Technologies closed its $7M cash acquisition of Amorphous Materials' assets on January 21, 2026, adding chalcogenide glass compounding for third-party manufacturers and large-diameter melting capabilities. Up to $3M more in stock hinges on technical milestones; seller already hit the first, earning 39,897 shares. Deal bolsters IR optics capacity yet ties payouts to execution.
8-K
Annual meeting results approved
LightPath Technologies held its annual stockholder meeting on December 17, 2025, with 76% quorum. Stockholders reelected directors Joseph Menaker and Darcie Peck, elected Mark Caylor, approved executive pay advisory, ratified BDO USA as auditors for fiscal 2026, and boosted the 2018 SICP by 2,500,000 shares. Strong support signals board continuity.
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