LightPath Tech's Q1 Revenue Surge, Strategic Shifts
Update: 2025-11-11
Description
LightPath Technologies shares surged over ten percent in after-hours trading on November eleventh, following a strong fiscal first quarter performance. The company reported revenue of $15.1 million, a 79% increase year-over-year, beating analyst forecasts by $2.4 million. Despite a quarterly loss of $0.07 per share, LightPaths Assemblies and Modules segment saw a 436% increase, while Infrared Components rose 63% and Visible Components grew 16%. The CEO attributed this growth to order momentum and a strategic shift towards BlackDiamond glass and integrated infrared camera systems. LightPath secured significant orders, including a $4.8 million purchase for advanced infrared camera systems and an $18.2 million order for infrared cameras in 2026, with a follow-up $22.1 million order in 2027. The company also received an $8 million strategic investment from Ondas Holdings and Unusual Machines to expand in the drone and UAV sector.
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