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ORLANDO - LightPath Technologies, Inc. (NASDAQ:LPTH) announced Monday the appointment of Mark Caylor to its Board of Directors, effective October 9, 2025.
Caylor, a defense industry executive with over 35 years of experience, recently retired as President of Northrop Grumman’s Mission Systems Sector, which supplies advanced sensing and communications technologies for defense and intelligence customers.
During his career at Northrop Grumman, which he joined in 2002, Caylor held several leadership positions including President of Enterprise Services and Chief Strategy Officer, as well as Corporate Vice President and Treasurer.
Prior to Northrop Grumman, Caylor worked at Hughes Aircraft Company, which was later acquired by Boeing. He holds degrees from the Massachusetts Institute of Technology, California Institute of Technology, and UCLA’s Anderson School of Management.
"We welcome Mark to the board and anticipate an immediate benefit from his guidance, leveraging an extensive background across government, military, private and public sectors," said Sam Rubin, Chief Executive Officer of LightPath, in the press release. The company has demonstrated solid revenue growth of 17.26% over the last twelve months, though InvestingPro data indicates analysts don’t expect profitability this year. Investors can access the complete financial analysis and 13 additional ProTips through InvestingPro’s comprehensive research report.
LightPath Technologies describes itself as a provider of optics and imaging systems for defense and commercial applications, with manufacturing facilities in Florida, Texas, New Hampshire, Latvia, and China.
The company’s stock trades on the Nasdaq under the ticker LPTH. The stock has shown remarkable performance, delivering a 414% return over the past year and currently trades near its 52-week high of $10.16. According to InvestingPro analysis, the company maintains a Fair financial health rating despite operating with moderate debt levels.
In other recent news, LightPath Technologies reported its fourth-quarter fiscal 2025 earnings, showcasing a significant revenue increase. The company achieved a revenue of $12.2 million, exceeding the forecast of $11.9 million and marking a 41.4% increase from the previous year. Despite this growth, LightPath’s earnings per share (EPS) fell short, posting a loss of $0.16 against the expected loss of $0.03. H.C. Wainwright responded by raising its price target for LightPath Technologies from $7.00 to $8.00, while maintaining a Buy rating. Additionally, LightPath announced a substantial new order and follow-on order valued at approximately $40 million from a leading global technology company, with delivery slated for 2026 and 2027. These developments highlight the company’s ongoing growth and potential future opportunities.
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