M&A
confidence high
sentiment negative
materiality 0.75
LightPath reports pro forma FY2025 net loss of $15.1M on $49.3M revenue after G5 acquisition
LIGHTPATH TECHNOLOGIES INC
- Total consideration for G5 Infrared acquisition: $27.1M ($20.3M cash, 1.97M shares, earnout).
- Pro forma FY2025 combined revenue $49.3M, net loss $15.1M, pro forma EPS -$0.70.
- Historical LightPath revenue $37.2M, G5 Infrared $12.1M for period from July to Feb 2025.
- Additional amortization of intangibles $883.6K from fair value of $13.75M for backlog, know-how, tradename, customer relationships.
- Earnout liability increased $1.4M due to fair value change; potential earnout up to $23M based on revenue/EBITDA targets.