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LightPath/$LPTH

LightPath shares rise after completing the sale of its China operations, strengthening its positioning as an NDAA-compliant, non-China supplier to defence customers.
6 hours agoLightyear AI
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About LightPath

LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It manufactures infrared imaging cameras, optical assemblies, optical components and infrared materials. Optical components include precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical elements. It designs, develops, manufactures, and distributes optical systems, assemblies and components utilizing optical manufacturing processes, multidisciplinary engineering and manufacturing technologies, and assembly and integration services. It also provides engineering services and performs research and development for optical solutions for a wide range of optics markets. It operates in one segment: the optics segment.
Ticker
$LPTH
Sector
Digital Hardware
Primary listing
NASDAQ
Employees
420

LightPath Metrics

BasicAdvanced
$431M
-
-$0.38
1.38
-

What the Analysts think about LightPath

Analyst ratings (Buy, Hold, Sell) for LightPath stock.
Analyst projections of the future price of LightPath stock.

Bulls say / Bears say

Fiscal 2026 revenue nearly doubled to $71.7 million, the backlog reached a record $110.9 million, and adjusted EBITDA turned positive. That gives LightPath a stronger base for converting demand into further growth. (SEC)
Repeat counter-drone orders are building: a further $6.3 million optical-assembly order in October took awards from that customer since July to more than $19 million. The repeat business supports the case that defence demand is moving into production orders. (Newswire)
The Department of War selected LightPath for a funded prototype agreement to develop BlackDiamond glass as a germanium alternative for defence systems. Successful completion could make the work eligible for a follow-on production award without another competition. (Newswire)
Despite the revenue and adjusted-EBITDA improvement, LightPath reported a $20.5 million net loss and used $10.2 million of cash in operations in fiscal 2026. Its $50 million share offering also shows that expansion has relied partly on issuing equity. (SEC)
Scaling production is a material execution risk: management identified capacity as its main operational challenge and said detector lead times had stretched to ten months or more. Delays in adding capacity or obtaining components could slow conversion of the large backlog into sales. (Investing.com)
The sale of the China subsidiary removes about $4.5 million in annual revenue from the consolidated business. The facility will still supply LightPath, leaving the company reliant on an outside owner for those products. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

LightPath Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

LightPath Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing LightPath

Funds
Fund name
Fund size
$LPTH weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.01%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.01%
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