Lightpath | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 15.06 M

Revenue: As of FY2026 Q1, the actual value is USD 15.06 M, beating the estimate of USD 12.66 M.

EPS: As of FY2026 Q1, the actual value is USD -0.07, missing the estimate of USD -0.06.

EBIT: As of FY2026 Q1, the actual value is USD -2.543 M.

Segment Revenue

• Infrared (IR) components: Revenue increased by 63% to $4.3 million in the first quarter of fiscal 2026, compared to $2.6 million in the same quarter of the prior fiscal year.
• Visible components: Revenue increased by 16% to $3.8 million, compared to $3.3 million in the same quarter of the prior fiscal year.
• Assemblies & modules: Revenue increased by 436% to $5.9 million, compared to $1.1 million in the same quarter of the prior fiscal year.
• Engineering services: Revenue decreased by 21% to $1.1 million, compared to $1.4 million in the same quarter of the prior fiscal year.

Operational Metrics

• Gross Profit: Increased by 58% to $4.5 million, or 30% of total revenues, compared to $2.8 million, or 34% of total revenues, in the same year-ago quarter.
• Operating Expenses: Increased by 66% to $7.0 million, compared to $4.2 million in the same year-ago quarter, primarily due to the integration of G5 and increased sales and marketing spend.
• Net Income (Loss): Net loss totaled - $2.9 million, compared to - $1.6 million in the same year-ago quarter.
• Adjusted EBITDA: Was $0.4 million, compared to an adjusted EBITDA loss of - $0.2 million for the same period in the prior year.

Cash Flow

• Net Cash Used in Operating Activities: Was - $1,142,842, compared to - $1,700,201 in the same period of the prior year.
• Net Cash Used in Investing Activities: Was - $77,014, compared to - $69,084 in the same period of the prior year.
• Net Cash Provided by Financing Activities: Was $7,781,540, compared to $2,488,233 in the same period of the prior year.

Unique Metrics

• Order Backlog: The order backlog grew to over $90 million, up from $86 million at the end of the first fiscal quarter.

Outlook / Guidance

LightPath Technologies expects to continue executing its growth strategy with a focus on scaling deliveries against its backlog and converting its sales pipeline. The company anticipates sustainable revenue growth through fiscal 2026 and beyond, driven by increased defense spending and supply chain risks. Management also foresees additional program awards and follow-on orders to support long-term value generation for shareholders.