LightPath FY27 Q1 net loss narrows 41% year over year to $1.7 million; revenue rises 38% to $20.8 million
LPTH•LightPath Technologies’ FY27 first-quarter net loss narrowed 41% year over year to $1.7 million, while revenue rose 38% to $20.8 million. Gross margin reached 41.4%, and September 30 backlog was $132.9 million.
1. Quarterly results and backlog
LightPath Technologies’ FY27 first-quarter net loss narrowed 41% year over year to $1.7 million, while revenue increased 38% to $20.8 million. Gross margin expanded to 41.4% on a higher-value product mix. Backlog rose 20% from June 30 to $132.9 million as of September 30, including $110.8 million requested for delivery within 12 months. Follow-on counter-unmanned aircraft system orders exceeded $30 million from July through October 2026; management said its priority is converting backlog on schedule.
