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 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 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 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 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 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.
Annual meeting rescheduled to January 31, 2024; record date December 12, 2023.
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 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.
Revenue of $7.4M, down from $9.1M YoY; gross margin fell to 30% from 35%.
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 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 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.
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