ORLANDO, Fla., May 15, 2025 -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced financial results for its fiscal third quarter ended March 31, 2025.
Financial Summary:
Three Months Ended March 31, | ||||
$ in millions | 2025 | 2024 | % Change | |
Revenue | $9.2 | $7.7 | 19.1 % | |
Gross Profit | $2.7 | $1.6 | 65.9 % | |
Operating Expenses | $6.0 | $4.2 | 42.9 % | |
Net Income (Loss) | ($3.6) | ($2.6) | 37.1 % | |
Adj. EBITDA* (non-GAAP) | ($2.0) | ($1.5) | (31.3 %) | |
Third Quarter Fiscal 2025 & Subsequent Highlights:
- Closed the acquisition of G5 Infrared ("G5"), a leading high-end infrared camera systems manufacturer, part of LightPath's strategic vision to become a leading vertically-integrated infrared imaging solutions provider.
- Awarded an initial $2.2 million engineering development model (EDM) order for infrared cameras by L3Harris Technologies to support the Navy's Shipboard Panoramic Electro-Optic/Infrared (SPEIR) Program.
- Received a $4.8 million initial qualification order for infrared cameras with a new defense industry customer, for planned delivery in calendar year 2025.
- Secured $4.9 million order for cooled infrared cameras with existing defense customer, for planned delivery in fiscal 2026.
- Participated in leading industry and investor conferences including the
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