LightPath Technologies Receives $4.8 Million Purchase Order for Advanced Infrared Camera Systems

Rhea-AI Summary

LightPath Technologies (NASDAQ: LPTH) received a $4.8 million purchase order from a returning customer to supply advanced infrared (IR) camera systems for public safety applications, with delivery scheduled in the company's 2026 fiscal year. The company highlighted recent IR momentum, citing an $18.2 million order in September and a follow-on $22.1 million order two weeks later, and noted a $90 million order backlog. Management attributed demand to product capabilities using proprietary BlackDiamond glass and secure supply chains, saying the sales team is converting pipeline orders to support revenue growth through fiscal 2026.

Positive

• $4.8M purchase order for IR camera systems, delivery in fiscal 2026
• Recent IR orders total $40.3M (one $18.2M and one $22.1M) in September
• Company reports a $90M order backlog supporting near-term revenue

Negative

• None.

Purchase Order with Returning Customer to Supply IR Camera Systems for Public Safety Applications

ORLANDO, Fla., Oct. 20, 2025 /PRNewswire/ -- 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 it has received a $4.8 million purchase order with an existing customer related to the supply of advanced infrared camera systems for public safety applications, for delivery in the Company's 2026 fiscal year.

LightPath Chief Executive Officer Sam Rubin said: "Our IR camera order book continues to build momentum as customers seek out superior products with secure supply chains amid growing geopolitical uncertainty. Today's order follows an $18.2 million IR camera order in September from a leading global technology customer, who then placed a follow-on $22.1 million purchase order two weeks later.

"We believe our product's capabilities, enabled by our proprietary BlackDiamond™ glass, are key differentiators for customers seeking infrared imaging systems for government, defense and commercial projects. This announcement reflects a continuous effort by our sales team to convert our prospective customer pipeline into orders, further growing our robust $90 million order backlog and enabling sustainable revenue growth through fiscal 2026 and beyond."

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.

Forward-Looking Statements

This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, statements regarding: (i) anticipated timing for program awards, as well as any resulting impact on our financial performance; (ii) the impact of the G5 acquisition on our business and results of operations; (iii) the performance of our product portfolio and expected market potential with our products and (iv) expectations regarding our ability to secure government and military projects with certain customers. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; the impact of tariffs and other governmental trade restrictions; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by the Company in its public filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K and other filings with the SEC. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE LightPath Technologies

FAQ

What did LightPath (LPTH) announce on October 20, 2025 regarding IR camera orders?

LightPath announced a $4.8 million purchase order for advanced IR camera systems for public safety, with delivery in the 2026 fiscal year.

How large is LightPath's order backlog after the October 20, 2025 purchase order?

The company reported a total order backlog of $90 million.

What recent IR camera orders did LightPath cite alongside the $4.8M PO?

LightPath referenced an $18.2 million IR order in September and a follow-on $22.1 million order two weeks later.

When will the $4.8M LightPath (LPTH) IR camera systems be delivered?

Delivery is scheduled in LightPath's 2026 fiscal year.

What product feature did LightPath highlight as a differentiator for its IR cameras?

The company highlighted its proprietary BlackDiamond glass as a key differentiator for infrared imaging capabilities.

What does the $4.8M purchase order mean for LightPath shareholders?

The order adds to a $90M backlog that the company says supports sustainable revenue growth through fiscal 2026, improving near-term revenue visibility.