LightPath Technologies

LightPath Technologies has received follow‑on orders totaling $13 million from a supplier for counter‑drone and defense systems. The orders cover optical assemblies to support counter‑UAS systems; delivery is to be completed in calendar year 2027. CEO Sam Rubin described the order as part of a multiyear program and as confirmation of the company’s manufacturing capabilities for defense applications. » More on de.investing.com

LightPath Technologies' stock rose about 9% after announcing a follow‑on order worth $11 million from a leading global technology customer for infrared cameras for counter‑UAS applications. The order also foresees a phased shift from germanium optics to the company's in‑house BlackDiamond material, which is seen as a domestic alternative amid tightened export controls. CEO Sam Rubin said the order deepens the customer relationship and supports the strategy toward higher‑value, vertically integrated camera solutions with higher revenues and gross margins. » More on de.investing.com

Shares of LightPath Technologies rose to $18.73, marking a new 52-week high, bringing the year-to-date gain to about 588% and the market capitalization to roughly $1.08 billion. Revenue grew 87% over the past 12 months; in the third quarter the company posted $19.1 million in revenue, beating analysts' expectations. Earnings per share were -$0.07, missing the forecast of -$0.03, after which the stock slipped in after-hours trading. Data from InvestingPro show the stock is trading above fair value and the company remains unprofitable. » More on de.investing.com