Quarterly ResultMay 7, 2026, 04:32 PM
LightPath Technologies Q3 Revenue $19.15M; Net Loss $(4.11)M
AI Summary
LightPath Technologies reported Q3 2026 net revenue of $19.15 million, a significant increase from $9.17 million in Q3 2025. The company posted a net loss of $(4.11) million, or $(0.07) per share, for the quarter. During the nine months ended March 31, 2026, the company completed the acquisition of Amorphous Materials (AML) for an aggregate consideration of approximately $9.2 million, including a $7.0 million cash payment. The company also significantly bolstered its cash position by raising over $73 million through public and private equity placements.
Key Highlights
- Q3 2026 net revenue increased to $19.15 million from $9.17 million in Q3 2025.
- Q3 2026 net loss was $(4.11) million, or $(0.07) per basic share.
- Nine-month net revenue reached $50.56 million, up from $24.99 million year-over-year.
- Nine-month net loss was $(16.40) million, or $(0.33) per basic share.
- Acquired Amorphous Materials (AML) on January 21, 2026, for approximately $9.2 million.
- Cash and cash equivalents surged to $55.24 million as of March 31, 2026, from $4.88 million.
- Raised $65.24 million from public equity placement and $7.89 million from private equity placement.
- Change in fair value of acquisition earnout liabilities was $12.23 million for nine months.