Highest-materiality recent filing
LightPath raises $50M in primary offering at $14/sh; secondary offering of 3.57M shares
Company sold 3,571,400 shares at $14 each, gross proceeds ~$50M; net ~$47M after fees.
LightPath Q3 revenue $19.1M (+109% YoY), backlog $110.6M, positive adjusted EBITDA
Revenue $19.1M (+109% YoY); gross profit $7.0M (+161%); gross margin 36% vs 29%.
LightPath Technologies holds investor day on February 25, 2026
Management met in-person and virtually with investors and analysts during investor day on February 25, 2026.
LightPath Q2 revenue up 120% to $16.4M; record backlog $97.8M; acquires AMI
Revenue $16.4M vs $7.4M YoY; gross profit $6.0M (37% margin) vs $1.9M (26%).
LightPath acquires AMI for $7M cash; adds large-diameter chalcogenide glass capabilities
LightPath acquired substantially all assets of Amorphous Materials (AMI) for $7M cash; up to $3M additional equity contingent consideration based on milestones.
LightPath shareholders reelect three Class I directors, approve stock plan amendment
Reelected Dr. Joseph Manker and Darcie Peck, elected Mark Caylor as Class I directors.
LightPath Technologies prices $60M offering (7.75M shares at $7.75/share)
Gross proceeds ~$60M; net proceeds ~$56.8M after underwriting discounts and expenses.
LightPath reports pro forma FY2025 net loss of $15.1M on $49.3M revenue after G5 acquisition
Total consideration for G5 Infrared acquisition: $27.1M ($20.3M cash, 1.97M shares, earnout).
Revenue grew 79% to $15.1M in Q1 FY2026; gross profit rose 58% to $4.5M; net loss widened to $2.9M from $1.6M a year ago.
LightPath appoints ex-Northrop Grumman president Mark Caylor to board
Mark Caylor, former president of Northrop Grumman's Mission Systems ($11B revenue, 25,000 employees), appointed to board effective Oct 9, 2025.
LightPath Q4 rev $12.2M, net loss $7.1M; orders of $52M from defense/tech customers
Q4 revenue rose 41.4% YoY to $12.2M; full-year rev $37.6M, up 17.3%.
LightPath secures $8M strategic investment from Ondas and Unusual Machines at $5/share
Private placement of 1.6M shares at $5.00 per share; each buyer purchases $4M.
LightPath stockholders approve G5 acquisition share issuance, equity plan amendments
Proposal 1 approved: 21,272,650 For, 1,015,537 Against, 277,126 Abstain to issue shares upon conversion of Series G Preferred and warrant exercise for G5 Infrared acquisition.
LightPath Q3 FY2025 revenue $9.2M (+19% YoY); net loss widens to $3.6M; closes G5 IR acquisition
Revenue $9.2M (+19.1% YoY); gross margin improved to 29.1% from 20.9%.
LightPath completes $34.6M acquisition of G5 Infrared; pro forma loss deepens
Total consideration: $20.25M cash, $6.75M stock, and $7.6M earnout for all G5 Infrared membership interests.
LightPath Technologies Closes Acquisition of G5 Infrared and Concurrent Financing
Acquisition of G5 Infrared, a New Hampshire infrared optics specialist, closed on February 18, 2025.
LightPath Q2 revenue up 1.5% to $7.4M; net loss widens to $2.6M; acquires G5 Infrared
Revenue $7.4M (+1.5% YoY); gross margin fell to 26% from 30% on mix and yield issues.
LightPath to acquire G5 Infrared for $20.25M cash + stock; raises $32.2M in concurrent PIPE
Acquires all membership interests of G5 Infrared for $20.25M cash plus 1,972,531 shares of common stock.
LightPath Technologies appoints BDO USA as new independent auditor
Audit Committee appointed BDO USA, P.C. as independent registered public accounting firm on January 13, 2025, effective immediately.
LightPath stockholders reelect Faris and elect Creviston as Class II directors; approve say-on-pay
Annual meeting held Nov 20, 2024; 27.7M shares voted, quorum achieved.
LightPath auditor MSL resigns after merger with Forvis Mazars; no disagreements
MSL, P.A. resigned as independent accountant effective Nov 21, 2024, following a transaction where its shareholders and employees joined Forvis Mazars, LLP.
LightPath Q1 FY2025 revenue up 4% to $8.4M; net loss widens to $1.6M
Revenue $8.4M (+4% YoY); gross profit $2.8M (+22%) with margin expanding to 34% from 29%.
LightPath Q4 revenue down 11% to $8.6M; net loss widens to $2.4M; FY24 loss $8.0M
Q4 FY2024 revenue $8.6M (-11% YoY); full-year revenue $31.7M (-4% YoY).
LightPath secures $3M bridge note at 12.5% from Lytton-Kambara Foundation
$3M bridge loan from Lytton-Kambara Foundation at 12.5% interest, maturing Aug 6, 2025.
LightPath Q3 FY2024 revenue $7.6M, net loss $2.6M; backlog $22M; Lockheed milestone delivered
Revenue $7.6M, net loss $2.6M, EBITDA loss $1.5M for fiscal Q3 ended March 31, 2024.
LightPath Q2 FY2024: $7.3M revenue, $1.7M net loss; backlog $21.2M; Lockheed Martin $4.7M order
Revenue $7.3M; net loss $1.7M; EBITDA loss $0.5M for Q2 ended Dec 31, 2023.
Stockholders approved amendment increasing authorized common shares from 50M to 100M.
Annual meeting rescheduled to January 31, 2024; record date December 12, 2023.
LightPath postpones 2023 annual meeting to Jan 2024 to fix certificate of incorporation issues
Annual meeting postponed from Nov 16, 2023; rescheduled to January 2024.
LightPath Q1 revenue $8.1M, net loss $1.3M; acquires Visimid, wins Lockheed missile design deal
Revenue $8.1M, net loss $1.3M, EBITDA loss $0.4M; backlog $21.3M as of Sept 30, 2023.
LightPath Q4 revenue $9.7M, FY revenue $32.9M; net loss $4.0M for FY2023
Q4 revenue $9.7M; FY revenue $32.9M (down YoY); backlog $21.7M at June 30, 2023.
LightPath reports Q3 FY2023 revenue $7.4M, net loss $1.2M, raises $10M equity for expansion
Revenue $7.4M; net loss $1.2M; EBITDA loss $242,000 for fiscal Q3 ended March 31, 2023.
LightPath presents at conference; no material news disclosed
Management will meet virtually with investors and analysts on Feb 22-24, 2023.
LightPath Q2 revenue $8.5M (-8% YoY); backlog record $29.4M; gross margin expands to 38%
Net loss narrowed to $694K ($0.03/share) from $1.1M YoY; EBITDA positive $207K vs -$41K.
LightPath raises $10M in public offering of 9.09M shares at $1.10 per share; reduces ATM facility
Offering of 9,090,910 shares of common stock at $1.10 per share; expected to close January 17, 2023.
LightPath appoints Scott Faris as Chair of the Board, succeeding Louis Leeburg
Scott Faris named Chair effective Dec 20, 2022; Louis Leeburg remains a director.
Directors Craig Dunham and Sohail Khan resigned effective Nov 19 and Nov 23, 2022, not due to disagreement.
Revenue of $7.4M, down from $9.1M YoY; gross margin fell to 30% from 35%.
LightPath reports improved Q4 revenue and gross margin; backlog at record level
Revenue and gross margin improved in Q4 FY22 vs prior year period (specific figures not disclosed in excerpt).
LightPath Q3 FY2022 revenue falls 22% to $8.3M; net loss $495K
Revenue $8.3M, down 22% YoY from $10.7M; net loss $495K ($0.02/sh) vs $223K loss prior year.
LightPath enters ATM equity facility with A.G.P. for up to $25.2M
Sales Agreement with A.G.P./Alliance Global Partners for at-the-market offering of common stock.
LightPath Q2 FY22 revenue $9.2M, net loss $1.1M; backlog $21.9M, freeform optics pipeline expands
Revenue $9.2M for quarter ended Dec 31, 2021; net loss $1.1M includes China management transition costs.
Maturity of Term Loan and Revolving Credit extended from Feb 2022 to April 15, 2023; exit fee of 4% on outstanding principal due then.
LightPath shareholders elect three directors, approve say-on-pay and auditor at 2021 annual meeting
Class II directors Sohail Khan, M. Scott Faris, and S. Eric Creviston elected; each received over 8.1M For votes vs. ~0.45M or fewer Withheld.
LightPath Q1 FY2022 revenue $9.1M, net loss $632K, EBITDA $454K, backlog $19.3M
Revenue $9.1M improved from prior quarter; gross margin up 10 percentage points.
LightPath expands headquarters by ~6,347 sq ft via lease swap, consolidates space
Ninth Amendment to Lease increases rentable area from 52,184 to 58,531 sq ft by adding Suite 110 and releasing Suite 130.
Full-year revenue $38.5M (+10% YoY); net loss $3.2M vs net income $867K in FY2020.
LightPath preliminary FY2021 revenue $38.2-38.5M, up 9-10% YoY; Q4 revenue down 9-12% YoY
Total FY2021 revenue between $38.2M and $38.5M, vs $35.0M in FY2020.
effective upon the Closing Date, the Company’s Board of Directors has appointed Thomas Ellis, an affiliate of the Lead Investor (as defined in the Securities Purchase Agreement), to serve as a Class II Director until his successor is duly elected and qualified or until his death, resignation, or removal.
Thomas Ellis, an affiliate of the Lead Investor, will serve as a Class II Director
On November 19, 2022, Mr. Craig Dunham notified LightPath Technologies, Inc. (the “Company,” “we,” “us,” or “our”) of his resignation as a director effective immediately.
On November 23, 2022, Mr. Sohail Khan also notified the Company of his resignation as a director effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event earnings