Welcome to our dedicated page for Lightpath Technologies news (Ticker: LPTH), a resource for investors and traders seeking the latest updates and insights on Lightpath Technologies stock.
LightPath Technologies, Inc. (NASDAQ: LPTH) is described in its public communications as a leading provider of next-generation optics and imaging systems for both defense and commercial applications. The LPTH news page on Stock Titan aggregates company press releases and third-party coverage so readers can follow how LightPath’s optical components, infrared systems, and thermal imaging assemblies are discussed in the market.
News about LightPath commonly covers financial results, including quarterly and annual earnings releases that break out revenue across infrared components, visible components, assemblies and modules, and engineering services. These reports often include management commentary on order trends, product mix, and the impact of acquisitions such as G5 Infrared, LLC.
Another frequent theme is commercial and defense program activity. Recent press releases describe purchase orders for advanced infrared camera systems for public safety applications, large IR camera orders from a global technology customer, and cooled IR camera orders for counter-UAV uses with existing defense customers. Updates also highlight the use of proprietary BlackDiamond™ glass in camera redesigns and the launch of new infrared imaging products.
Investors can also find capital markets and corporate actions in the news flow, such as announcements of private placements, underwritten public offerings under a Form S-3 shelf registration statement, and strategic investments by institutional buyers. Governance and leadership developments, including board appointments and manufacturing leadership hires, are disclosed through press releases and related Form 8-K filings.
For users tracking LPTH stock, this news page provides a centralized view of LightPath’s earnings announcements, order wins, financing activities, and corporate updates, helping readers understand how the company communicates its progress in optics and infrared imaging markets over time.
LightPath Technologies, Inc. (NASDAQ:LPTH) announced the completion of a factory expansion in Riga, Latvia, enhancing its infrared coating capabilities. This expansion aims to meet increasing demand for infrared products, addressing current production capacity constraints. The new facility focuses on high durability Diamond Like Carbon (DLC) coatings for optics, supporting applications in military, defense, and thermal imaging. This initiative aligns with LightPath's broader strategy to vertically integrate its manufacturing processes and reduce lead times while enhancing operational efficiency.
LightPath Technologies (NASDAQ:LPTH) will release its fiscal 2021 second quarter financial results on February 3, 2021, followed by a conference call at 4:30 PM ET. Participants can join via dial-in or webcast. A replay will be available until February 17, 2021. Additionally, LightPath will participate in the A.G.P. Emerging Growth Technology Conference on February 4, 2021, conducting virtual 1:1 meetings with institutional investors. The company specializes in optical and infrared component manufacturing for various industries, including defense and telecommunications.
LightPath Technologies (NASDAQ:LPTH) announced the expansion of its long wave infrared (LWIR) thermal lens assemblies, specifically the 75mm F/1.0 LWIR TWS lens. This lens assembly is optimized for thermal weapon sights and features excellent light collection with a large f/1.0 aperture. It supports uncooled microbolometers up to VGA resolution, achieving detection ranges of 4.4km for 17µm detectors and 6.25km for 12µm detectors. The product is now ready for volume production, enhancing LightPath's offering for OEM partners in both commercial and defense sectors.
LightPath Technologies (NASDAQ: LPTH) has announced the opening of a new sales office in Germany, aiming to boost sales of its optical and infrared products in Europe. The office will be managed by Dr. Athanasios Kokorakis, who brings over 20 years of sales experience. This strategic move is part of LightPath's efforts to enhance direct sales interactions and revenue growth across Europe and the Middle East. The company specializes in proprietary optical components and has a global manufacturing presence.
LightPath Technologies (NASDAQ:LPTH) has secured a renewal of an annual supply agreement worth over $5.8 million, reflecting a 16% increase compared to the previous year. This contract involves the purchase of infrared optical lens elements for a major customer in the commercial infrared vision products sector. The lenses will be utilized in devices such as thermal monoculars and weapon sights, aimed at various applications including search and rescue and nature observation. Fulfillment will occur across facilities in Latvia, Florida, and China.
LightPath Technologies (NASDAQ:LPTH) announces a partnership with ROSH Electroptics, a top distributor in Israel, to enhance its sales efforts. ROSH, established in 1983 and ISO qualified since 1996, specializes in optical components and offers expertise in areas like Fiber-Optics and Laser Diodes. LightPath's Vice President of Global Sales, Mark Palvino, expressed enthusiasm for the partnership, emphasizing ROSH's problem-solving approach and established connections. This collaboration aims to leverage ROSH's local knowledge and customer base to expand LightPath's market presence in Israel.
LightPath Technologies (NASDAQ: LPTH) has announced its participation in two upcoming virtual investor conferences. The Diamond Equity Research Virtual Emerging Growth Invitational is scheduled for December 1, 2020, where the company will present at 1:40 PM ET. Investors can register for the event online. Additionally, LightPath will engage in the Needham 23rd Annual Virtual Growth Conference on January 11-12, 2021, conducting one-on-one meetings with investors. Presentation materials will be available on the company’s Investor Relations webpage.
LightPath Technologies reported a 26% increase in first-quarter revenue for fiscal 2021, totaling $9.5 million, up from $7.6 million a year earlier. Net income reached $97,000, a significant recovery from a $1.4 million loss in the same period last year. The company also reported a 26% growth in total backlog, amounting to $20.9 million. Gross margin improved to 40%, compared to 32% from the prior year. EBITDA stood at $1.4 million, up from a $236,000 loss in fiscal 2020.
LightPath Technologies (NASDAQ: LPTH) has announced the scheduling of its fiscal 2021 Q1 financial results release on November 5, 2020, after market close. The company will hold a conference call at 4:30 PM ET where investors can dial-in or join through a webcast. Participants are advised to join 10 minutes early, with a replay available until November 19, 2020. LightPath specializes in manufacturing optical and infrared components for various industries, including defense and telecommunications.
LightPath Technologies reported its fourth quarter and full fiscal year results for 2020, showing a 4% revenue growth to $9.1 million in Q4 and $35 million for the year. Gross margin improved significantly, reaching 39% in Q4 and 40% for the year, compared to 32% and 37% respectively in the prior year. Net income of $657,000 in Q4 contrasts sharply with a $1.8 million loss last year. The company's backlog grew 11% to $19.1 million, reflecting strong demand in optics. Despite challenges from COVID-19, the new CEO aims to enhance growth and operational efficiency.
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