Space Investor(@SpaceInvestor_D):$LPTH: LightPath just reported record backlog of $132.9M, up 54% YoY. • Revenue: $20.8M vs $21.9M expected, +38% YoY • Gross margin: 41.4% vs 29.8% a year ago • Adj. EBITDA: $1.3M, fifth straight positive quarter • Net loss: $1.7M, or $0.02 per share, vs $0.03 expected • Cash: $82.9M $110.8M of the backlog is requested for delivery within 12 months. Since July, LightPath has booked more than $30M of follow-on counter-drone orders, plus an October order for over 50,000 optical assemblies for drone cameras. The Department of War also awarded a funded BlackDiamond prototype agreement under its CLEAR program for germanium alternatives, and the China subsidiary sale closed Oct 30.

2026.11.10 21:15

$LPTH: LightPath just reported record backlog of $132.9M, up 54% YoY. • Revenue: $20.8M vs $21.9M expected, +38% YoY • Gross margin: 41.4% vs 29.8% a year ago • Adj. EBITDA: $1.3M, fifth straight positive quarter • Net loss: $1.7M, or $0.02 per share, vs $0.03 expected • Cash: $82.9M $110.8M of the backlog is requested for delivery within 12 months. Since July, LightPath has booked more than $30M of follow-on counter-drone orders, plus an October order for over 50,000 optical assemblies for drone cameras. The Department of War also awarded a funded BlackDiamond prototype agreement under its CLEAR program for germanium alternatives, and the China subsidiary sale closed Oct 30.