LightPath Technologies, Inc. (LPTH) Earnings Call Transcripts

LightPath Technologies, Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal 2026, LightPath Technologies reported a remarkable 109% increase in revenue to $19.1 million, significantly exceeding the prior year's $9.2 million. The company also achieved a gross profit of $7 million, reflecting a gross margin of 36%, up from 29% year-over-year. Management highlighted a strong backlog of approximately $110.6 million, a 196% increase compared to the previous year, indicating robust future demand. The company signaled a commitment to expanding capacity to meet this demand, with an emphasis on vertical integration and strategic acquisitions, particularly in the infrared optics market.

Reported metrics

Guidance from management

Management indicated plans for continued capacity expansion and investment in manufacturing to support growing demand, with expectations for margin expansion in the coming quarters.

What management said

We have 2 that we are fully engaged in, meaning they're already fully designing our product delivering -- sorry, 3 of those, 3 customers that are designing. I'm not sure what programs we have that are much earlier than that. I usually know of them when it comes to the point that they're actually engaged on technical dialogue or want to talk numbers. And those are not free space communication, just to be clear, those ...

So good question, Jaeson. We we're still -- the CapEx we're spending right now is capacity driven. It's -- so as the backlog grows, we're constantly reevaluating. That said, there are long lead times in the CapEx process. So we have to get some things moving quicker than others. I don't want to say exactly what we're going to spend in the near term. But to put it in perspective, in Q3, Sam and I approved $6 million i...

What analysts pressed on

Analysts expressed concerns regarding the net loss and the impact of increased operating expenses on profitability. There were also questions about the timeline for significant orders from the DHS and other government programs.

Main topics on the call

• Record Revenue Growth — LightPath reported record revenue of $19.1 million for Q3 2026, a 109% increase year-over-year. CEO Sam Rubin stated, "The third quarter carried that momentum with record revenue, broader customer adoption, a deeper syst...
• Increased Backlog — The company's backlog reached approximately $110.6 million, a 196% increase from $37.4 million year-over-year. CFO Al Miranda noted, "Our backlog is $110 million and continues to grow," signaling strong future demand.
• Capacity Expansion Plans — Management emphasized the need for capacity expansion to meet increasing demand, stating, "We expect that over the next few months, we will see another step function in growth in demand for our cameras and assemblies."
• Acquisition Strategy — The acquisition of Amorphous Materials was highlighted as a key driver for growth, enabling larger diameter optics production. Rubin mentioned, "Amorphous now unlocks the ability to do larger sizes up to as much as 10 in...

Read the full LightPath Technologies, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 LightPath Technologies, Inc. earnings call transcripts on record, spanning February 6, 2020 to May 7, 2026. Based on this history, LightPath Technologies, Inc. reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LPTH

Exchange

NasdaqCM

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

27

First call

February 6, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly