Lightpath Technologies Inc Stock Price, News & Analysis

LightPath Technologies (NASDAQ: LPTH) announced the acquisition of G5 Infrared for $27.0 million, comprising $20.25 million in cash and $6.75 million in common shares, with potential additional performance-based consideration. The acquisition strengthens LightPath's position in the $9B infrared imaging market.

G5 Infrared, founded in 2011, specializes in high-performance infrared camera systems, generating preliminary unaudited revenue of at least $15 million in CY 2024. The combined company is expected to achieve at least $55 million in revenue in the 12 months post-acquisition with improved EBITDA margins.

The transaction is financed through private placements of $25.5 million in 6.5% convertible preferred equity and warrants, $1.5 million in common shares, and $5.2 million in senior secured promissory notes. The closing is expected by February 19, 2025.

LightPath Technologies (NASDAQ: LPTH), a provider of next-generation optics and imaging systems, has scheduled its fiscal second quarter 2025 earnings conference call for February 13, 2025, at 5:00 p.m. Eastern time. The company will release its financial results for the quarter ended December 31, 2024, after market close on the same day.

The conference call will include management's discussion of Q2 financial results, a corporate update, and a Q&A session. Investors can participate via U.S. dial-in (1-877-425-9470) or International dial-in (1-201-389-0878) using Conference ID 13749940. A playback will be available until February 27, 2025, accessible through dedicated U.S. and international numbers with replay pin 13749940.

LightPath Technologies (NASDAQ: LPTH) has announced its participation in two major investor conferences in early 2025. The company will attend the 27th Annual Needham Growth Conference in New York (January 16-17, 2025) for virtual one-on-one meetings, and the Sequire Investor Summit in Puerto Rico (January 22-23, 2025) for presentations and one-on-one meetings.

CEO Sam Rubin will represent the company at both events, highlighting LightPath's recent achievements including ongoing deliveries to European defense customers, the innovative Mantis™ camera, and their proprietary BlackDiamond™ glass technology. The company emphasizes its position in addressing global needs across defense applications and environmental technologies, with a focus on driving long-term shareholder value through their expanding pipeline.

LightPath Technologies (NASDAQ: LPTH) has initiated sustained delivery of infrared lens assemblies to a European defense customer for FPV drone applications, following an October 2024 Letter of Intent. The company is providing custom lens assemblies using their BlackDiamond glass technology, with manufacturing localized at their Latvia facility.

The initial order comprises 1,300 assemblies, with expected follow-on orders throughout 2025 potentially generating $1.0-2.0 million in annual revenue. The company's strategic positioning, particularly amid China's recent restrictions on Germanium exports, has led to increased interest in their Germanium-alternative BlackDiamond optics from the defense sector.

LightPath Technologies (NASDAQ: LPTH) has transformed from a component supplier to a provider of next-generation optics and imaging systems. The company's growth strategy focuses on three pillars: proprietary cameras and optics, defense solutions, and commercial applications.

Key developments include their BlackDiamond™ chalcogenide glass, exclusively licensed from the U.S. Naval Research Laboratory, which provides an alternative to Germanium amid China's export ban. A significant opportunity lies in their collaboration with Lockheed Martin for a U.S. Army missile program, potentially generating $50-100 million in initial revenue and $500 million to $1 billion over the program's life.

The company has launched new products including the Mantis™ camera for furnace monitoring and Optical Gas Imaging (OGI) cameras for detecting emissions, targeting the $2.5 billion gas sensor market.

LightPath Technologies (NASDAQ: LPTH) has announced a new version of its Optical Gas Imaging (OGI) camera platform designed to detect ammonia and sulfur hexafluoride (SF6) emissions in industrial and manufacturing settings. The camera utilizes infrared technology with a proprietary non-germanium BlackDiamond™ BD6 lens, offering a cost-effective and higher sensitivity solution compared to current technologies.

The new platform provides an alternative to germanium-based solutions, particularly significant given China's recent ban on germanium exports to the United States. The camera targets SF6, a gas with 23,500 times greater global warming potential than CO2, and ammonia, both commonly used in various industrial applications including electrical equipment, food and beverage manufacturing, and metal fabrication.

LightPath Technologies (NASDAQ: LPTH) announced its fiscal 2025 first quarter financial results, ending September 30, 2024. The company reported a 4% revenue increase to $8.4 million, driven by a 23% rise in visible components sales and a 378% surge in engineering services revenue, despite a 32% drop in infrared components revenue. Gross profit grew 22% to $2.8 million, while operating expenses increased 18% to $4.2 million. The company incurred a net loss of $1.6 million, up from $1.3 million in the prior year. Key achievements included securing new defense contracts, launching innovative products, and transitioning customers to BlackDiamond glass optics. Cash and cash equivalents stood at $4.3 million with a backlog of $21 million.

LightPath Technologies (NASDAQ: LPTH) has received a follow-on order and Letter of Intent (LOI) from a European defense customer for infrared lens assemblies used in first-person view drone applications. The non-binding LOI includes plans for collaboration on custom lens assemblies using LightPath BD6 and manufacturing localization at LightPath's Latvia facility. The agreement aims to establish future volume commitments and leverages LightPath's European Defense license and expanded optical coating capabilities in Latvia.

LightPath Technologies (NASDAQ: LPTH), a leading provider of next-generation optics and imaging systems, has announced its participation in the LD Micro Main Event XVII Conference on October 29, 2024 in Los Angeles, CA. The company's management team, including President and CEO Sam Rubin, will attend the conference to share updates on their operational momentum with institutional investors.

Rubin expressed enthusiasm about the upcoming event, stating, "We look forward to attending the LD Micro investor conference later this month, where we plan to share our continued operational momentum with institutional investors. I am incredibly proud of the efforts of our team and look forward to presenting the results of our hard work this quarter on our earnings call in November."

The conference will take place at the Luxe Sunset Boulevard Hotel in Los Angeles. Interested parties must register to participate in the event. For more information or to schedule a meeting, contact MZ Group at LPTH@mzgroup.us.