LightPath Q3 FY2025 revenue $9.2M (+19% YoY); net loss widens to $3.6M; closes G5 IR acquisition

LIGHTPATH TECHNOLOGIES INC

2025-Q3 EPS reported -$0.56 vs consensus -$0.06 ▼ miss (-815.0%)

Revenue $9.2M (+19.1% YoY); gross margin improved to 29.1% from 20.9%.
Net loss $3.6M ($0.09/sh) vs $2.6M ($0.07); Adj. EBITDA loss $2.0M vs $1.5M.
Closed acquisition of G5 Infrared, a cooled IR camera manufacturer; pipeline includes $4.8M, $4.9M, and $2.2M orders.
Received $2.2M EDM order from L3Harris for Navy SPEIR program; $4.8M qualification order from new defense customer.
Highlights BlackDiamond glass as Germanium-free alternative amid China export ban.

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