Earnings ·
LightPath reports Q1 revenue of $20.8M and record backlog of $132.9M
LPTHLightpath Technologies Inc
LightPath Technologies reported fiscal 2027 first-quarter revenue of $20.8 million, up 38% from the prior-year period, driven by a 76% surge in assemblies and modules sales to 51% of total revenue. Gross profit nearly doubled to $8.6 million as gross margin expanded to 41.4%. The company posted a net loss of $1.7 million, or $0.02 per share, an improvement from the $2.9 million loss in the prior year, and generated positive adjusted EBITDA of $1.3 million for the fifth consecutive quarter. Order backlog reached a record $132.9 million, up 54% year-over-year, with approximately $110.8 million requested for delivery within the next twelve months. LightPath Technologies is a leading provider of next-generation optics and imaging systems for defense and commercial applications.