Overview

• Optics provider's fiscal Q2 revenue rose 120%, beating analyst expectations

• Company reported a net loss due to acquisition liabilities adjustment

• Adjusted EBITDA improved significantly from the previous year

Outlook

• LightPath expects to grow its $97.8 mln order backlog in 2026

• Company plans to scale deliveries and convert customer pipeline into orders

• LightPath aims to expand BlackDiamond glass use in defense markets

Result Drivers

• STRONG ORDERS - Revenue growth driven by strong orders, including a $9.6 mln purchase order for cooled IR cameras from a defense customer

• G5 ACQUISITION - G5 acquisition contributed to revenue growth through sales of cameras and modules

• PRODUCT MIX - Improved gross margins due to a favorable product mix and resolution of manufacturing issues

Key Details

Analyst Coverage

• 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 office equipment peer group is "buy"

• Wall Street's median 12-month price target for LightPath Technologies Inc is $14.00, about 27.2% above its February 10 closing price of $11.01

Press Release: ID:nPn5zzcz6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)