LightPath Technologies Receives $9.6 Million Purchase Order for Cooled Infrared Cameras from Existing Defense Customer

LightPath Technologies (NASDAQ: LPTH) secured a $9.6 million purchase order for cooled infrared cameras from an existing defense customer, with deliveries expected throughout calendar year 2026.

Rhea-AI Summary

LightPath Technologies (NASDAQ: LPTH) secured a $9.6 million purchase order for cooled infrared cameras from an existing defense customer, with deliveries expected throughout calendar year 2026.

Production will be split between the company’s Florida and New Hampshire facilities, leveraging expanded domestic manufacturing and citing demand tied to the strategic G5 acquisition and multi-year defense contracts.

Positive

• $9.6M purchase order for cooled infrared cameras
• Deliveries scheduled throughout calendar year 2026
• Production split across Florida and New Hampshire facilities
• Repeat order from existing defense customer validates product demand
• G5 acquisition driving multi-year contracts and programs of record

Negative

• None.

Argus Feb 9 session

+7.29% close to close Open Argus

Details

News Market Reaction – LPTH

In the Feb 9 session, LPTH gained 7.29%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +7.3% in the session following this news. A strong positive reaction aligns with Lig...

Analysis

The stock moved +7.3% in the session following this news. A strong positive reaction aligns with LightPath’s pattern of responding favorably to tangible defense and growth catalysts. The $9.6 million cooled infrared camera order from an existing defense customer reinforces prior moves tied to the Amorphous Materials acquisition and NDAA-focused positioning. However, investors have recently absorbed a $60 million equity raise under a $200,000,000 shelf, so additional capital use or future offerings could influence how durable such gains become.

Key Figures

Purchase order value: $9.6 million AMI acquisition cash: $7.0 million AMI contingent equity: Up to $3.0 million +5 more

Purchase order value

$9.6 million

Cooled infrared cameras order from existing defense customer, deliveries in 2026

AMI acquisition cash

$7.0 million

Cash paid at closing for Amorphous Materials acquisition on Jan 20, 2026

AMI contingent equity

Up to $3.0 million

Milestone-based stock consideration for Amorphous Materials acquisition

Expected added revenue

$3.0 million

Approximate annual revenue contribution from Amorphous Materials business

Public offering size

$60 million

Gross proceeds from Dec 12, 2025 underwritten common stock offering

Shares offered

7,750,000 shares

Class A common stock sold in Dec 12, 2025 public offering

Shelf registration capacity

$200,000,000

Maximum aggregate offering amount under Form S-3 shelf filed Nov 21, 2025

Resale registration

1,600,000 shares

Class A shares registered for resale under Form 424B3 filed Dec 15, 2025

Historical Context

5 past events · Latest: Feb 04

5 events

1. Feb 04

   Earnings call notice

   24h Move

   -13.7%

   Announcement of upcoming Q2 FY26 earnings release and conference call details.

2. Jan 28

   Defense readiness update

   24h Move

   +0.3%

   Highlighting NDAA-compliant optics, BlackDiamond glass and domestic capacity for U.S. defense.

3. Jan 20

   Strategic acquisition

   24h Move

   +11.4%

   Acquisition of Amorphous Materials to expand chalcogenide glass tech and NDAA-compliant capacity.

4. Jan 12

   Conference participation

   24h Move

   -2.8%

   Participation in Needham Growth Conference to discuss technology, markets and recent financing.

5. Dec 12

   Equity offering

   24h Move

   -11.2%

   Pricing of 7,750,000-share public offering for about $60M in gross proceeds under an S-3 shelf.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cooled infrared cameras, counter-UAS

2 terms

cooled infrared cameras technical

"secured a $9.6 million purchase order for cooled infrared cameras from an existing defense"

Cooled infrared cameras are heat-detecting cameras whose sensitive sensors are kept very cold to pick up faint thermal signals that ordinary cameras miss; think of turning down background noise so you can hear a whisper from far away. They matter to investors because the cooling and higher sensitivity command higher prices, open markets in defense, aerospace, industrial inspection and medical imaging, and often involve specialized manufacturing, long sales cycles and recurring service or upgrade revenues.

counter-UAS technical

"border security, and counter-UAS systems, as well as recurring federal, naval, and law"

Counter-UAS (counter-unmanned aircraft systems) are tools and tactics used to detect, track, and disable or divert drones that pose a threat to people, property, or operations. Think of them as a combination of a security camera, alarm system, and net that can find an unwanted flying device and stop it before it causes harm. Investors care because demand, regulation, and deployment of these systems affect revenue, contract opportunities, legal risk, and the valuation of companies that build or use them.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ORLANDO, Fla., Feb. 9, 2026 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it has secured a $9.6 million purchase order for cooled infrared cameras from an existing defense customer for use in defense and security applications, with deliveries expected throughout calendar year 2026.

Production of the cameras will be split between the Company's facilities in Florida and New Hampshire, leveraging LightPath's expanded domestic manufacturing capabilities. LightPath's cooled infrared cameras are the system of choice for all-weather security and surveillance, combining high-end performance with reliability and ease of use.

"This significant repeat order from an existing customer underscores the growing demand for our advanced cooled infrared camera systems and further validates the strategic value of our G5 acquisition," said Sam Rubin, President and Chief Executive Officer of LightPath. "Our ability to secure orders of this magnitude demonstrates the quality and reliability of our products as well as our ability to supply them, and the production split between our Florida and New Hampshire facilities highlights our expanding domestic manufacturing footprint.

"G5's revenue continues to be driven by established multi-year contracts and multiple programs of record in shipboard long-range surveillance, border security, and counter-UAS systems, as well as recurring federal, naval, and law enforcement programs. We look forward to delivering on this order throughout 2026 and continuing to expand our relationships with our valued defense customers as they seek superior products with secure domestic supply chains," concluded Rubin.

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 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; 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 LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. 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 Securities and Exchange Commission, 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 are the details of the $9.6 million purchase order for LPTH on Feb 9, 2026?

The order is for cooled infrared cameras totaling $9.6 million, delivered to an existing defense customer. According to the company, deliveries are expected throughout calendar year 2026 and will support defense and security applications.

When will LightPath (LPTH) deliver the cooled infrared cameras from the $9.6M order?

Deliveries are planned throughout calendar year 2026 across scheduled production runs. According to the company, production will be split between its Florida and New Hampshire facilities to meet the delivery timeline.

How does the $9.6M order affect LightPath's domestic manufacturing (LPTH)?

The order will be produced at the company’s Florida and New Hampshire sites, expanding domestic output and capacity. According to the company, this leverages its expanded domestic manufacturing capabilities and secure supply chains.

Does the $9.6M purchase order indicate repeat business for LightPath (LPTH)?

Yes — it is a repeat order from an existing defense customer, suggesting recurring demand for its camera systems. According to the company, the order underscores product reliability and validates the strategic value of the G5 acquisition.

What defense programs support G5 revenue mentioned by LightPath (LPTH)?

G5 revenue is driven by multi-year contracts and programs of record in shipboard surveillance, border security, and counter-UAS systems. According to the company, recurring federal, naval, and law enforcement programs also contribute to revenue.