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

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.

Key Figures

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

8 metrics

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

Market Reality Check

Price: $11.33 Vol: Volume 2,699,831 is 0.75x...

normal vol

$11.33 Last Close

Volume Volume 2,699,831 is 0.75x the 20-day average of 3,593,600, indicating no unusual trading activity versus recent norms. normal

Technical Shares trade above the 200-day MA, with price at 10.56 versus a 200-day MA of 6.12, reflecting a pre-existing uptrend into this contract win.

Peers on Argus

LPTH gained 16.56% on this defense order while only one peer in the momentum sca...

1 Up

LPTH gained 16.56% on this defense order while only one peer in the momentum scan (ELTK) was up 8.52% and broader peers showed mixed, mostly modest moves. This points to a stock-specific reaction rather than a sector-wide semiconductor rally.

Historical Context

5 past events · Latest: Feb 04 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Earnings call notice	Neutral	-13.7%	Announcement of upcoming Q2 FY26 earnings release and conference call details.
Jan 28	Defense readiness update	Positive	+0.3%	Highlighting NDAA-compliant optics, BlackDiamond glass and domestic capacity for U.S. defense.
Jan 20	Strategic acquisition	Positive	+11.4%	Acquisition of Amorphous Materials to expand chalcogenide glass tech and NDAA-compliant capacity.
Jan 12	Conference participation	Neutral	-2.8%	Participation in Needham Growth Conference to discuss technology, markets and recent financing.
Dec 12	Equity offering	Negative	-11.2%	Pricing of 7,750,000-share public offering for about $60M in gross proceeds under an S-3 shelf.

Pattern Detected

Recent news-driven moves tended to align with the nature of the catalyst: the dilutive offering saw a sharp drop, while the strategic acquisition and defense positioning updates saw modest to strong gains.

Recent Company History

Over the past few months, LightPath has combined balance sheet actions with strategic defense expansion. A $60 million equity offering on Dec 12, 2025 triggered a -11.18% move, while the Amorphous Materials acquisition on Jan 20, 2026 led to an 11.38% gain and added proprietary glass capacity and projected $3.0 million in annual revenue. NDAA-related positioning and conference participation had smaller effects. Today’s $9.6 million cooled infrared camera order fits the theme of deepening defense relationships after these capacity and capital raises.

Regulatory & Risk Context

Active S-3 Shelf · $200,000,000

Shelf Active

Active S-3 Shelf Registration 2025-11-21

$200,000,000 registered capacity

LightPath has an active Form S-3 shelf filed on Nov 21, 2025, allowing issuance of up to $200,000,000 in Class A common stock, warrants and/or units over its effective period. The company has already used this shelf for offerings detailed in the 424B3 and 424B5 prospectuses, indicating an established pathway to raise additional capital for working capital, investments and acquisitions if needed.

Market Pulse Summary

This announcement highlights a substantial $9.6 million purchase order for cooled infrared cameras f...

Analysis

This announcement highlights a substantial $9.6 million purchase order for cooled infrared cameras from an existing defense customer, with deliveries through 2026. It reinforces LightPath’s recent strategic steps, including the Amorphous Materials acquisition that expanded NDAA-compliant capacity and projected about $3.0 million in added revenue. Against a backdrop of a recent $60 million equity raise and an active $200,000,000 shelf, investors may focus on order continuity, defense customer diversification, and execution on new manufacturing capacity.

Key Terms

counter-UAS

1 terms

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. Not financial advice.

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.