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.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

LightPath Technologies transitions to system solutions, eyes defense market growth

LightPath Technologies is navigating a transformation towards system-level solutions and defense programs, with a focus on revenue growth and shareholder value. While facing challenges in managing expenses and profitability, the company is well-positioned to capitalize on growth opportunities in the defense market and expand its market presence.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

ORLANDO, FL / ACCESSWIRE / July 14, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies is pleased to announce that its partner, Seek Thermal, won the 2022 Best of Sensors award in the opticals and cameras category for its Micro Core Product. Micro Core uses an optical system designed and produced by LightPath for their specific needs.

Micro Core by Seek Thermal Wins 2022 Best of Sensors Award Using LightPath's Optical Assembly

ORLANDO, FL / ACCESSWIRE / July 6, 2022 / 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 QuantLR, an Israeli-based Quantum technology company that enables global mass deployment of Quantum Cryptography, has chosen LightPath as its partner to develop a free space quantum encryption system. LightPath and QuantLR will join forces to develop a ground-to-satellite, ground-to-air, ground-to-ground, and satellite-to-satellite free space optical communication channels, which will be used for a generation of quantum encryption keys, enabling secure quantum communication (QKD).

QuantLR & LightPath Technologies Announce Partnership to Develop Free-Space Quantum Encryption System

ORLANDO, FL / ACCESSWIRE / June 6, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies announced it will present at the LD Micro Invitational Investor conference, which is being held on June 7th - 9th, 2022. Sam Rubin, CEO will present at the conference.

LightPath Technologies to Present at LD Micro Invitational June 7th - 9th, 2022

ORLANDO, FL / ACCESSWIRE / May 13, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies has been invited to present at the Spring Into Action - Best Ideas Virtual Investor conference, which is being held virtually on May 17th - 20th, 2022. Title, Name will present at the conference LightPath is scheduled to present on May 18th, 2022 at 3:30pm ET.

LightPath Technologies to Present at Spring Into Action - Best Ideas Virtual Investor Conference on May 17th - 20th, 2022

LightPath Technologies, Inc. (LPTH) delivered earnings and revenue surprises of 33.33% and 15.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

LightPath Technologies, Inc. (LPTH) Reports Q3 Loss, Lags Revenue Estimates

LightPath Technologies, Inc. (NASDAQ:LPTH ) Q3 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Albert Miranda - Chief Financial Officer Sam Rubin - President and Chief Executive Officer Conference Call Participants Gene Inger - ingerletter.com Operator Good afternoon and welcome to the LightPath Technologies Fiscal 2022 Third Quarter Financial Results Conference Call. All participants' will be in listen-only mode.

LightPath Technologies, Inc. (LPTH) CEO Sam Rubin on Q3 2022 Results - Earnings Call Transcript

Freeform Optics Technology and LIDAR Capabilities Set a Path for Growth ORLANDO, FL / ACCESSWIRE / May 12, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a vertically integrated provider of engineered solutions for the global photonics industry, today announced financial results for its fiscal 2022 third quarter ended March 31, 2022. Management Commentary LightPath's President and Chief Executive Officer Sam Rubin stated, "Our fiscal third quarter results indicate yet another step in the right direction for the Company.

LightPath Technologies Reports Financial Results for Fiscal 2022 Third Quarter

ORLANDO, FL / ACCESSWIRE / April 28, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced it will report its fiscal 2022 third quarter financial results on May 12, 2022 after the market close. The conference call and webcast will be held on the same day as follows: Date: Thursday, May 12, 2022 Time: 5:00 PM (ET)Dial-in Number: 1-877-317-2514 International Dial-in Number: 1-412-317-2514Webcast: https://services.choruscall.com/mediaframe/webcast.html?webcastid=JhtL4rN4 Participants are recommended to dial-in or log-on approximately 10 minutes prior to the start of the event.

LightPath Technologies Schedules Fiscal 2022 Third Quarter Financial Results Conference Call for May 12, 2022

ORLANDO, FL / ACCESSWIRE / April 21, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH), ("LightPath" or the "Company"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies, has engaged international investor relations specialists MZ Group ("MZ") to lead their comprehensive strategic investor relations and financial communications program across all key markets. MZ Group will work closely with LightPath's management to build upon their investor relations and shareholder communication program designed to increase the Company's visibility throughout the investment community.

LightPath Technologies Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program

To Discuss Successfully Aligning with White House Executive Order 14017 for Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-based Growth ORLANDO, FL / ACCESSWIRE / March 31, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies and high-level assemblies, today announced that Chief Executive Officer, Sam Rubin has been invited by the North American International Year of Glass Steering Committee of the American Ceramic Society to speak at the National Day of Glass conference in Washington, DC from April 5-7, 2022. Mr. Rubin will be giving a presentation to address how LightPath's supply chain strategies for infrared glass and vertically integrated manufacturing successfully align with White House Executive Order 14017 for Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-based Growth.

LightPath CEO Sam Rubin Invited to Speak at Washington, DC Event and Industry Trade Show on Supply Chain Resiliency

CAMARILLO, CA / ACCESSWIRE / March 30, 2022 / Attollo Engineering (www.attolloengineering.com), a leader in innovative infrared systems for imaging and laser detection, today announced a collaboration with LightPath Technologies Inc. (www.lightpath.com) (NASDAQ:LPTH) for the design and supply of innovative freeform optical components for use in Attollo's LiDAR products. Attollo's line of Laser Rangefinders and LiDAR products provide fast measurement with high accuracy and precision, in an ultra-compact package.

Attollo Engineering Chooses LightPath's Freeform Optics For Use In Its LiDAR Products

ORLANDO, FL / ACCESSWIRE / March 21, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies and high-level assemblies, today announced that it will participate in the Maxim Group Virtual Growth Conference being held March 28-30, 2022. LightPath's presentation may be accessed by Maxim Group clients and registered attendees of the conference by clicking on the following link and signing in: https://m-vest.com/events/2022-virtual-growth-conference/p/lpth Please note that this link will not be live until the event begins.

LightPath to Participate in Maxim Group Virtual Growth Conference

ORLANDO, FL / ACCESSWIRE / March 16, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies and high-level assemblies, today provided an update on operations relating to the recent COVID-19 (or "coronavirus") outbreaks in China and the Russia invasion of Ukraine. The Company operates in China through two wholly-owned subsidiaries, including LightPath Optical Instrumentation (Zhenjiang) Co., Ltd.

LightPath Provides Update on Operations Amid Covid-19 Breakouts in China and Russia Invasion of Ukraine

Enables Access to Large and Fast Growing Defense Market ORLANDO, FL / ACCESSWIRE / March 9, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced that its Diamond Like Carbon ("DLC") coating process for its proprietary Black Diamond TM ("BD6") chalcogenide-based material to manufacture infrared ("IR") lenses has now been qualified for all U.S. military applications. Sam Rubin, President and Chief Executive Officer of LightPath Technologies, said, "Military qualification of our DLC coating process for BD6 IR lenses is a very important technological and manufacturing milestone for the Company.

LightPath Receives Military Qualification for BD6 DLC Lenses

LightPath Technologies' (LPTH) CEO Sam Rubin on Q2 2022 Results - Earnings Call Transcript

LightPath Technologies, Inc. (LPTH) delivered earnings and revenue surprises of -100% and 4.42%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

LightPath Technologies, Inc. (LPTH) Reports Q2 Loss, Misses Revenue Estimates

Business Development Ramps on Strength of New Freeform Optics and Other New Product Platforms for LIDAR, AR/VR and Space Applications ORLANDO, FL / ACCESSWIRE / February 10, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a vertically integrated provider of engineered solutions for the global photonics industry, today announced financial results for its fiscal 2022 second quarter ended December 31, 2021. Management Overview & Technology Highlights Commenting on the second quarter of fiscal 2022, LightPath's President and Chief Executive Officer Sam Rubin stated, "The Company's performance in the second quarter demonstrated significant progress in the expansion of our product portfolio and business development pipeline as we implement our new strategic direction.

LightPath Technologies Reports Financial Results for Fiscal 2022 Second Quarter

Technology to Enable Metaverse and LIDAR ORLANDO, FL / ACCESSWIRE / January 28, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced that its new freeform optics has won the 2022 Prism Award for Manufacturing. The Prism Awards is an annual international competition that honors the best new optics and photonics products on the market.

LightPath Technologies Wins Prestigious PRISM Award for Its New Freeform Optics

LightPath Technologies, Inc. (LPTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: LightPath Technologies, Inc. (LPTH) Q2 Earnings Expected to Decline

Fiscal 2022 Second Quarter Financial Results Conference Call Scheduled for February 10, 2022 ORLANDO, FL / ACCESSWIRE / January 25, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced that its management is scheduled to participate in upcoming investor events. Fiscal 2022 Second Quarter Conference Call and Webcast, February 10, 2022 The Company has scheduled its fiscal 2022 first quarter financial results press release issuance and the corresponding conference call and simultaneous webcast.

LightPath Technologies Announces Upcoming Investor Events

ORLANDO, FL / ACCESSWIRE / January 19, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced the completion of its coating operations expansion at its manufacturing facilities in Europe located in Riga, Latvia. The equipment added to this facility include multiple specialized coating machines at a cost of over a million and a half dollars, and includes both Physical Vapor Deposition coating for anti-reflective coating as well as Chemical Vapor Deposition coatings for protective diamond like carbon (DLC) coating.

LightPath Technologies Announces Completion of Coating Operations Expansion at European Facility

ORLANDO, FL / ACCESSWIRE / January 4, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced that its management is scheduled to participate in the upcoming virtual institutional investor conference as detailed below. January 10, 2022 -- 24th Annual Needham Virtual Growth Conference The LightPath presentation is scheduled for 10:45 a.m.

LightPath Technologies to Present at the 24th Annual Needham Virtual Growth Conference

ORLANDO, FL / ACCESSWIRE / December 13, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced it has been awarded a renewal of an annual supply agreement valued at over $4.2 million. The contract is for the purchase of a variety of infrared ("IR") optical lens elements by a major commercial infrared vision products customer.

LightPath Technologies Receives $4.2 Million Renewal Contract for Infrared Optical Lens Elements

ORLANDO, FL / ACCESSWIRE / December 9, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced that it has been awarded a grant by the European Space Agency (ESA) to further develop chalcogenide materials for use in space applications as an alternative to germanium crystals currently in use. Drawing from, extensive expertise in optical elements production from both materials (germanium and chalcogenide glasses), LightPath's subsidiary in Latvia, ISP Optics, will evaluate and compare properties of the chalcogenide glass coated with antireflective coating with the same type of parts manufactured from germanium to validate the usage in space industry applications.

LightPath Technologies Awarded Funding by European Space Agency to Advance Chalcogenide Optics for Usage in Space

Unlocks Access to Several Multi-billion Dollar Markets, Including Infrared Imaging and Multispectral Imaging ORLANDO, FL / ACCESSWIRE / December 1, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a vertically integrated provider of engineered solutions for the global photonics industry, today announced that it has secured an exclusive optical usage license to manufacture products using the infrared patent portfolio developed and owned by the United States Navy's U.S. Naval Research Laboratory (NRL). Along with the Company's existing product portfolio, this technology transfer agreement positions LightPath as the leader in Infrared Optical Solutions, using these new materials to provide superior solutions to what is otherwise available.

News for LightPath Technologies Stock (LPTH)