Quarterly ResultMay 7, 2026, 04:22 PM
LightPath Technologies Q3 Revenue +109% to $19.1M; Record Backlog $110.6M
AI Summary
LightPath Technologies reported strong fiscal third-quarter 2026 financial results, with revenue increasing 109% year-over-year to $19.1 million and gross profit up 161% to $7.0 million. The company achieved its third consecutive quarter of positive adjusted EBITDA at $1.1 million and ended the quarter with a record order backlog of $110.6 million. Strategic highlights include the acquisition of Amorphous Materials and key management appointments.
Key Highlights
- Revenue increased 109% to $19.1 million in Q3 fiscal 2026 from $9.2 million year-over-year.
- Gross profit rose 161% to $7.0 million, representing 36% of total revenues.
- Adjusted EBITDA turned positive at $1.1 million, up 170% from a $(1.6) million loss.
- Net loss was $(4.1) million, or $(0.07) per share, compared to $(3.6) million.
- Record order backlog reached $110.6 million, a 196% increase from June 30, 2025.
- Acquired Amorphous Materials, Inc. in January 2026, adding a second U.S. BlackDiamond™ glass manufacturing site.
- Assemblies & Modules revenue surged 355% to $8.4 million.
- Cash and cash equivalents totaled $55.2 million as of March 31, 2026.