LightPath expects continued strong demand as defense customers shift away from China-controlled Germanium
Company plans to expand glass melting and assembly capacity in the U.S. and Latvia to meet projected demand
LightPath cites a record $110.9 million backlog, with $85.6 million scheduled for delivery within 12 months
Overview
U.S. optics and imaging systems provider's fiscal Q4 revenue rose 73%, beating analyst expectations
Net loss for fiscal Q4 narrowed to $4.1 million from $7.1 million a year earlier
Result Drivers
Product mix shift - Higher-margin assemblies, modules, and camera systems made up a larger share of revenue, boosting gross margin
Acquisitions - Revenue growth in infrared components was driven by contributions from Amorphous Materials Inc. (AML), acquired in January 2026, and higher shipments to defense and industrial customers
Defense demand - Increased sales to U.S. defense customers and distributors supported growth in visible components and assemblies
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the household electronics peer group is "buy"
Wall Street's median 12-month price target for LightPath Technologies Inc is $15.40, about 51.9% above its September 9 closing price of $10.14
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