LightPath Adds $6.3M Follow-On Order, Doubling Customer's Prior-Year Total
LPTH sits 51% above its 52-week low of $5.83.
Summary
LightPath received an additional $6.3 million follow-on order for optical assemblies from a leading counter-UAS defense supplier. This brings total awards from this customer to more than $19 million since July 1, double the customer's total orders for all of fiscal 2026. The order follows the $13 million in follow-on orders announced July 22, confirming the multi-year program's growth. The company's FY2026 revenue was $71.7 million, so this order is a meaningful addition to backlog. The repeat business underscores LightPath's role in a fast-growing defense segment.
At the time of this announcement, LPTH was trading at $8.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $618.4M. The 52-week trading range was $5.83 to $18.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.