Overview
Optics provider's fiscal Q2 revenue rose 120%, beating analyst expectations
Company reported a net loss due to acquisition liabilities adjustment
Adjusted EBITDA improved significantly from the previous year
Outlook
LightPath expects to grow its $97.8 mln order backlog in 2026
Company plans to scale deliveries and convert customer pipeline into orders
LightPath aims to expand BlackDiamond glass use in defense markets
Result Drivers
STRONG ORDERS - Revenue growth driven by strong orders, including a $9.6 mln purchase order for cooled IR cameras from a defense customer
G5 ACQUISITION - G5 acquisition contributed to revenue growth through sales of cameras and modules
PRODUCT MIX - Improved gross margins due to a favorable product mix and resolution of manufacturing issues
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $16.40 mln | $14.96 mln (5 Analysts) |
Q2 EPS | -$0.20 | ||
Q2 Net Income | -$9.40 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the office equipment peer group is "buy"
Wall Street's median 12-month price target for LightPath Technologies Inc is $14.00, about 27.2% above its February 10 closing price of $11.01
Press Release: ID:nPn5zzcz6a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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