LightPath Technologies Reports Fiscal 2027 First Quarter Financial Results
Key Highlights
- ➤Revenue $20.8 million, up 38% year over year
- ➤Adjusted EBITDA $1.3 million, up 252.1% year over year
- ➤Record backlog $132.9 million, up 54% year over year
- ➤More than $30 million in follow-on C-UAS orders secured since July
- ➤Assemblies and modules revenue $10.5 million, up 76% year over year
Expert Statements
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“Fiscal 2027 is off to a strong start, led by backlog, a key indicator of our expected future revenue trends.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“New orders significantly outpaced shipments during the first quarter, lifting backlog by $22 million to a record $132.9 million, with approximately $110.8 million of it requested by customers for delivery over the next twelve months.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“The composition of our revenue continues to be more favorable as well.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“Revenue grew 38% year-over-year to $20.8 million, and assemblies and modules accounted for 51% of the total, up from 40% a year ago.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“That shift toward higher-value cameras and optical assemblies lifted gross margin to 41.4%, and we generated positive adjusted EBITDA for the fifth consecutive quarter while more than doubling our investment in new product development.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“Demand continues to build in optical assemblies and infrared cameras, two of our three projected growth pillars alongside large defense programs.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“At the same time, the Department of War selected BlackDiamond™ for a funded prototype agreement under its CLEAR program to develop and commercialize germanium alternatives for defense infrared systems - direct government support for the materials at the center of our platform.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“Our focus for the balance of fiscal 2027 is converting this backlog on schedule.”
Sam Rubin, President and Chief Executive Officer of LightPath Technologies
“With a strong balance sheet, a strengthened imaging systems leadership team under Scott Payette and Michael Amorelli, and the completion of our China divestiture in October 2026, we believe LightPath is well positioned to focus on scaling as a trusted, vertically integrated supplier of infrared optics and imaging systems.”
ORLANDO, FL / ACCESS Newswire / November 10, 2026 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced financial results for its fiscal 2027 first quarter ended September 30, 2026.
Three Months Ended September 30, $ in millions20262025% Change Revenue$ 20.8$ 15.137.9 % Gross Profit$ 8.6$ 4.591.9 % Operating Expenses$ 10.8$ 7.054.1 % Net Income (Loss)$ (1.7)$ (2.9)41.2 % Adjusted EBITDA* (non-GAAP)$ 1.3$ 0.4252.1 %
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