LIGHTPATH TECHNOLOGIES INC — Form 8-K
Filed September 10, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
LightPath Technologies reported FY2026 revenue of $71.7M (+93% YoY) and gross profit of $25.8M (+155% YoY), with record backlog of $110.9M (197% above prior year), of which $85.6M scheduled for next 12 months. The company raised $50M via common stock issuance at $14/share in June 2026, ending the year with $93.2M cash. Key drivers include G5 Infrared acquisition (full-year contribution), AML glass acquisition (January 2026, ~5 months), and defense/counter-UAS demand; the company also divested Chinese subsidiary LPOIZ for $4.5M (5-year installment). Adjusted EBITDA swung to +$4.2M from -$5.1M loss, though GAAP net loss widened to -$20.5M due to $15.6M non-cash earnout fair-value adjustments (primarily G5 outperformance).
Why this rating
Strong revenue/backlog growth, capital raise, and shift to positive adjusted EBITDA are meaningful for $137M company; however, wide GAAP loss and execution/capacity risks temper trajectory impact.
Price action (we called it positive)
before filing · preread $9.69 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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