LightPath Technologies Reports 38% Revenue Growth and Record Backlog in Q1 2027
LightPath Technologies (LPTH) reported strong fiscal first-quarter results, highlighted by a 38% year-over-year revenue increase to $20.8 million. This growth was primarily driven by a significant surge in assemblies and modules, which grew 76% to reach $10.5 million. The company also achieved a record total backlog of $132.9 million, representing a 54% increase compared to the previous year. Despite revenue slightly missing internal expectations due to supply chain delays involving motors and external optics vendors, profitability metrics improved. Gross margins rose to 41.4% from 29.8% last year, aided by a shift toward high-value infrared systems. The company also achieved its fifth consecutive quarter of positive Adjusted EBITDA at $1.3 million, even as it reported a narrowed net loss of $1.7 million.
Tickers: $LPTH
Topics: backlog increase defense contracts gross margin expansion infrared technology revenue growth