LightPath Technologies

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies, infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies, and collimator assemblies, which are used in applications involving light detection and ranging technology. The firm supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.

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LightPath Technologies strategically positions for growth amidst Q1 challenges

Despite facing challenges related to construction impact and financial performance metrics, LightPath Technologies is strategically positioned to capitalize on opportunities in the solutions business, defense, and high volume markets. The company's focus on new product relationships and potential catalysts for revenue presents promising growth prospects.

LightPath Technologies reports strong Q2 earnings and eyes global expansion

LightPath Technologies demonstrated solid financial performance in Q2 2023, with revenue growth and improved margins.
The company's strategic shift to a solutions provider and focus on defense optics and new products drive growth prospects.
While challenges exist in China's market recovery and operational cash usage, opportunities in new applications and market expansion offer avenues for future success.

LightPath Technologies reports Q3 challenges but eyes strategic growth

LightPath Technologies faced challenges in Q3 with lower revenue and gross margin, leading to a net loss, but is strategically transitioning to a solutions provider.
Despite delays in shipments, the company introduced the Mantis imaging module and has a strong backlog, indicating growth potential and market interest.
Opportunities lie in expanding into defense and automotive markets, driving new revenue streams, and exploring strategic investments for future growth.
With a focus on operational efficiency and capacity expansion, LightPath aims to overcome challenges and capitalize on opportunities for sustained growth.

LightPath Technologies transitions to value-added solutions, eyes market expansion

LightPath Technologies navigated challenges in fiscal 2023 while focusing on market expansion and product innovation.
The company's shift to value-added solutions and acquisitions position it for growth in imaging solutions.
Despite losses, strategic investments and a favorable product mix signal potential for improved financial performance.
Management's gratitude for stakeholders' trust underscores commitment to driving future success.

LightPath Technologies excels in Q1 2024 with strategic wins and revenue growth

LightPath Technologies' Q1 2024 showcased strong performance with key wins and revenue contributions across segments. While facing challenges in the automotive market and supply chain issues, the company is strategically positioned for growth. Opportunities lie in customer acceptance of alternative materials and future business retooling efforts.

LightPath Technologies reports Q2 challenges, eyes growth opportunities ahead

LightPath Technologies navigated challenges in Q2 2024 with a focus on strategic growth pillars and revenue diversification.
Despite lower visible component sales and legal issues, the company capitalized on partnerships and talent recruitment for innovation.
Opportunities lie in the Lockheed Martin partnership, revenue uptick in Q3 and Q4, and development of passive detection capabilities.
Strategic shifts towards value-added solutions and market expansion position LightPath for long-term growth and competitiveness in evolving markets.

LightPath Technologies excels in Q3, eyes growth in defense and space sectors

LightPath Technologies demonstrated resilience and strategic vision in Q3 2024, capitalizing on growth opportunities in key sectors and driving revenue from innovative solutions.
While facing challenges in margins and costs, the company's focus on realignment towards LightPath 2.0 and 3.0 sets the stage for future growth and profitability.
With a strong foundation in place, ongoing development projects, and a commitment to excellence, LightPath Technologies is poised for success in critical upcoming quarters.

LightPath Technologies reports growth in defense sales amidst financial challenges

LightPath Technologies demonstrated growth in infrared components and defense sales but faced challenges with lower revenue and gross margin in Q4 2024.
The company's transition to a solutions provider and focus on innovative thermal cameras position it well for future opportunities in specific applications.
Efforts towards restructuring, cost reduction, and exploring new partnerships reflect a proactive approach to addressing financial pressures and driving growth.
Analysts' inquiries about revenue growth expectations and customer adoption highlight the importance of strategic planning and market positioning for LightPath.

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LightPath Technologies, Inc. engages in the design, development, manufacture, and distribution of optical and infrared components. Its products include molded glass and assemblies, infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies, and collimator assemblies, which are used in applications involving light detection and ranging technology. The firm supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.

License Allows LightPath to Provide Products Directly Into the Rapidly-Growing $295 Billion European Defense Industry ORLANDO, FL / ACCESSWIRE / April 17, 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, has received a European Defense license, which provides the Company with the ability to supply products to the European Defense industry, one of the largest defense markets in the world. The EU defense market grew 12.5% to a record $295 billion in 2023, and the European Union recently published its first European defense industrial strategy, which among other things encourages cooperation and purchases in defense technology development among EU members, such as Latvia.

LightPath Technologies Granted European Defense Manufacturing License; Significantly Expands Addressable Market

New Airborne System Designed to Use LightPath's New Materials ORLANDO, FL / ACCESSWIRE / April 9, 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 first incorporation of their new BlackDiamond-NRL infrared glass, BDNL, within a US Department of Defense ("DoD") program of record. BDNL was designed into a new airborne system expected to require upwards of 150,000 lenses.

LightPath Technologies Announces First Incorporation of BDNL within a US DoD Program

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New Material is Critical to Industry Efforts to Replace Germanium in Infrared Optics ORLANDO, FL / ACCESSWIRE / April 4, 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 commercial launch of its first new BlackDiamond-NRL infrared glass, BDNL-4, a key material in the chalcogenide glass series licensed from the US Naval Research Laboratories (NRL) as a substitute for Germanium. BDNL-4 is a new material that exhibits a negative thermo-optic coefficient, an important attribute for making systems athermalized, enabling the design of devices that are unaffected by temperature changes.

LightPath Technologies Announces Commercial Availability of First BlackDiamond-NRL Based New Infrared Glass, BDNL-4

ORLANDO, FL / ACCESSWIRE / April 1, 2024 / 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, announced today the commissioning of additional optical coating capabilities and capacity in its facility in Riga, Latvia, and the availability of a new, high durability coating from that facility. LightPath's Riga facility, added in 2017 through the acquisition of ISP Optics, is a center of excellence for production of infrared optical components.

LightPath Technologies Announces Expansion of Optical Coating Capabilities with the Addition of High Durability Coating in Europe

ORLANDO, FL / ACCESSWIRE / March 6, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced Mr. Jason Messerschmidt has joined the Company in the role of Vice President, Sales.

LightPath Technologies Appoints Thermal Imaging Veteran Jason Messerschmidt as Vice President of Sales

ORLANDO, FL / ACCESSWIRE / March 5, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced today that management is participating in the iAccess Alpha Buyside Best Ideas Spring Conference 2024 on March 12 and 13, 2024. On behalf of the company CEO, Sam Rubin and CFO, Al Miranda will deliver a company presentation at 10:00 AM EST on March 12th and host one-on-one meetings the following day, March 13th.

LightPath Technologies to Participate in the iAccess Alpha Buyside Best Ideas Spring Conference 2024 on March 12 and 13, 2024

ORLANDO, FL / ACCESSWIRE / February 15, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced today availability of a new camera that utilizes its innovative Mantis™ Camera architecture, designed for long distance imaging. LightPath's Mantis™ camera systems provide a unique multispectral imaging capability, enabling users to image simultaneously across a wide range of wavelengths that span mid (MWIR) and long (LWIR) wave bands (2µm to 12 µm).

LightPath Announces Availability of a New Version of Its Mantis Camera for Long Range Detection

LightPath Technologies, Inc. (LPTH) Q2 2024 Earnings Call Transcript

ORLANDO, FL / ACCESSWIRE / February 8, 2024 / 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 financial results for its fiscal 2024 second quarter ended December 31, 2023. Fiscal 2024 Second Quarter Highlights: Revenue of $7.3 million for the second quarter of fiscal 2024 Total backlog at December 31, 2023 of $21.2 million Net loss for the second quarter of fiscal 2024 was $1.7 million EBITDA* loss for the second quarter of fiscal 2024 was $0.5 million Initial $4.7 million order from partnership with Lockheed Martin to develop an advanced infrared camera system for a key Army program Secured renewal order of $3.4 million, a 36% increase from initial order to provide advanced infrared optics for a critical international military program Completed over $5 million expansion and renovation of Orlando facility, increasing total footprint from 34,000 square feet to 55,000 square feet Management Commentary LightPath's President and Chief Executive Officer Sam Rubin stated, "The second fiscal quarter of 2024 was highlighted by a key first order in our partnership with Lockheed Martin, a major milestone in our strategy to pivot from a pure components manufacturer to an imaging solutions provider.

LightPath Technologies Reports Fiscal 2024 Second Quarter Financial Results

ORLANDO, FL / ACCESSWIRE / February 6, 2024 / 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 Kim Crider was elected to the Company's Board of Directors at the annual meeting of stockholders on January 31, 2024. "We are delighted to welcome Ms.

LightPath Elects Former Space Force CTO Kim Crider to Board of Directors

ORLANDO, FL / ACCESSWIRE / January 25, 2024 / 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 it will report its fiscal 2024 second quarter financial results on February 8, 2024 after the market close. The conference call and webcast will be held on the same day as follows: Date: Thursday, February 8, 2024 Time: 5:00 PM (ET) Dial-in Number: 1-877-317-2514 International Dial-in Number: 1-412-317-2514 Webcast: Fiscal Second Quarter Earnings Webcast Participants are recommended to dial-in or log-on approximately 10 minutes prior to the start of the event.

LightPath Technologies Schedules Fiscal 2024 Second Quarter Financial Results Conference Call for February 8, 2024

ORLANDO, FL / ACCESSWIRE / January 10, 2024 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, announced its participation at the following investor conferences throughout January and February. Sam Rubin, CEO, and Al Miranda, CFO, will be available for one-on-one meetings throughout each conference.

LightPath Announces Upcoming Conference Participation

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.

LightPath Announces Initial $4.7m Order from Lockheed Martin

ORLANDO, FL / ACCESSWIRE / December 4, 2023 / 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 that its previously postponed virtual Annual Meeting of Stockholders has been rescheduled for Wednesday, January 31, 2024, at 11:00 a.m. EST. The Company will file a new proxy statement with further information and disclosures as soon as it is reasonably practicable and at least 40 calendar days prior to the meeting date.

LightPath Technologies Schedules Annual Meeting of Stockholders

ORLANDO, FL / ACCESSWIRE / November 13, 2023 / 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 postponement of its Annual Meeting of Stockholders, initially scheduled for Thursday, November 16, 2023 at 11:00 a.m. EST. The date on which the Annual Meeting will be held has not been determined but the Annual Meeting is expected to be held in January 2024.

LightPath Technologies Postpones Annual Meeting of Stockholders

LightPath Technologies, Inc. (NASDAQ:LPTH ) Q1 2024 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Al Miranda - Chief Financial Officer Sam Rubin - President & Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Operator Good afternoon, everyone, and welcome to the LightPath Technologies Fiscal First Quarter 2024 Financial Results Conference Call. Please note that, today's event is being recorded.

LightPath Technologies, Inc. (LPTH) Q1 2024 Earnings Call Transcript

ORLANDO, FL / ACCESSWIRE / November 9, 2023 / 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 financial results for its fiscal 2024 first quarter ended September 30, 2023. Fiscal 2024 First Quarter Highlights: Revenue of $8.1 million for the first quarter of fiscal 2024 Total backlog at September 30, 2023 of $21.3 million Net loss for the first quarter of fiscal 2024 was $1.3 million EBITDA* loss for the first quarter of fiscal 2024 was $0.4 million Acquired Visimid Technologies Partnership announced with Lockheed Martin and Visimid to develop thermal imaging technology for key missile systems Management Commentary LightPath's President and Chief Executive Officer Sam Rubin stated, "In the first fiscal quarter of 2024 LightPath took significant strides towards our strategy to move products upstream.

LightPath Technologies Reports Financial Results for Fiscal 2024 First Quarter

ORLANDO, FL / ACCESSWIRE / October 26, 2023 / 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 it will report its fiscal 2024 first quarter financial results on November 9, 2023 after the market close. The conference call and webcast will be held on the same day as follows: Date: Thursday, November 9, 2023 Time: 5:00 PM (ET) Dial-in Number: 1-877-317-2514 International Dial-in Number: 1-412-317-2514 Webcast: Fiscal First Quarter Earnings Webcast Participants are recommended to dial-in or log-on approximately 10 minutes prior to the start of the event.

LightPath Technologies Schedules Fiscal 2024 First Quarter Financial Results Conference Call for November 9, 2023

ORLANDO, FL / ACCESSWIRE / October 23, 2023 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, today announced that it will be participating in the Fall Foliage MicroCap Rodeo Conference that will be held virtually Tuesday, October 24th through Friday, October 27th, 2023. Sam Rubin, CEO of LightPath Technologies, is scheduled to present on Tuesday, October 24th, at 3:00 p.m.

LightPath Technologies to Present at the Fall Foliage MicroCap Rodeo Conference on October 24th

ORLANDO, FL / ACCESSWIRE / October 5, 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 renewal order to provide advanced infrared optics for a critical international military program (or the "Program"). The Company has been awarded a follow-on order of $3.4 million which represents a 36% increase as the program demand grows from the initial order of $2.5 million announced in December.

LightPath Secures Renewal Order of $3.4 Million, a 36% Increase from Initial Order

ORLANDO, FL / ACCESSWIRE / October 3, 2023 / 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 completion of the Company's expansion and renovation of their facility in Orlando. With over $5 million invested, the facility's total footprint grew from 34,000 square feet to 55,000 square feet.

LightPath Technologies Completes Expansion and Renovation of Orlando Facility

NEW YORK , Sept. 28, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of LightPath Technologies, Inc. (NASDAQ: LPTH).

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating LightPath Technologies, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

ORLANDO, FL / ACCESSWIRE / September 27, 2023 / 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 its subsidiary, Visimid Technologies ("Visimid"), has been chosen by Lockheed Martin to develop a key imaging technology, as part of its bid to produce a design of a major defense program for the US Army. Visimid will receive up to $7.5 million for design and development in several stages over the next three years.

Lockheed Martin Missiles & Fire Control Selects LightPath's VISIMID Group as a Key Strategic Partner to Develop Critical Imaging Technologies

Orlando, Florida--(Newsfile Corp. - September 26, 2023) - LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, today announced it will present at the LD Micro: Sweet Sixteen Main Event XVI Investor Conference, which is being held on October 3rd - 5th, 2023. LightPath is scheduled to present in person and webcast live on October 4th at 12pm PT at the Luxe Sunset Blvd Hotel in Los Angeles, CA.

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