LightPath Technologies reported fiscal 2026 fourth quarter and full-year results ending June 30, 2026. Full-year revenue nearly doubled to $71.7 million from $37.2 million, with gross profit increasing 155% to $25.8 million. The company ended the fiscal year with a record order backlog of approximately $110.9 million, up 197% year-over-year. LightPath completed a $50.0 million primary equity offering in June 2026 and holds $93.2 million in cash. Additionally, the company signed an agreement to divest its Chinese subsidiary for $4.5 million. LightPath Technologies is a provider of next-generation optics and imaging systems for defense and commercial applications.

LightPath Technologies, Inc. entered into an equity transfer agreement to sell its wholly owned subsidiary, LightPath (Zhenjiang) Optical Instrumentation Co., Ltd., for a $4.5 million cash consideration, payable in installments over five years. The divestiture will result in the deconsolidation of approximately $4.5 million in annual revenue from the China operation. LightPath Technologies, Inc. provides next-generation optics and imaging systems for defense and commercial applications.

LightPath Technologies, Inc. entered into a securities purchase agreement to sell an aggregate of 7,142,800 shares of Class A Common Stock at $14.00 per share, consisting of 3,571,400 primary shares and 3,571,400 secondary shares. The offering resulted in gross proceeds to the company of approximately $50.0 million, with estimated net proceeds of approximately $47.0 million. The company intends to use the net proceeds for working capital, investments, acquisitions, and general corporate purposes.