LightPath Technologies — Fiscal 2027 Q1 Earnings Summary

LightPath Technologies reported fiscal 2027 first-quarter revenue of $20.8 million, a 38% increase from the prior year period, driven by a 76% surge in assemblies and modules sales. The company achieved a record order backlog of $132.9 million, up 20% from the previous quarter, while expanding gross margin to 41.4% due to a favorable product mix. Although the company reported a net loss of $1.7 million, it generated positive adjusted EBITDA of $1.3 million for the fifth consecutive quarter. Key operational highlights included securing over $30 million in follow-on orders for counter-unmanned aircraft systems and completing the sale of its China subsidiary.