LightPath Q4 FY26 net loss narrows 42.3% to $4.1 million; revenue rises 73.8% to $21.2 million
LPTH•Backlog and liquidity strengthen
- Backlog climbed 197% to about $110.9 million; about $85.6 million is scheduled for delivery within 12 months.
- Management cited defense sourcing shifts away from covered nations, capacity expansion plans, and $93.2 million cash after a $50 million offering.
Q4 results improve on higher revenue and margins
- LightPath posted Q4 revenue of $21.2 million, up 73.8% year over year; net loss narrowed to $4.1 million.
- Gross margin rose 17.4 percentage points to 39.4%, reflecting higher assemblies and modules mix, better absorption, and fewer inventory reserves.
- Non-GAAP adjusted EBITDA swung to a profit of $2.1 million from a loss, reaching 10% of revenue.
