Oklo stock tumbles as Financial Times scrutinizes valuation
ORLANDO - LightPath Technologies, Inc. (NASDAQ:LPTH), a technology company with a market capitalization of $332 million, has secured a $4.8 million purchase order from an existing customer for advanced infrared camera systems intended for public safety applications, the company announced Monday. According to InvestingPro data, analysts expect significant sales growth this year, with revenue projected to increase by 59%.
The order is scheduled for delivery during LightPath’s 2026 fiscal year and follows two larger infrared camera orders received in September. Those previous orders, from what the company described as a "leading global technology customer," were valued at $18.2 million and $22.1 million respectively.
"Our IR camera order book continues to build momentum as customers seek out superior products with secure supply chains amid growing geopolitical uncertainty," said Sam Rubin, LightPath’s Chief Executive Officer, in the press release.
LightPath Technologies manufactures next-generation optics and imaging systems for both defense and commercial applications. The company highlighted that its proprietary BlackDiamond glass technology serves as a differentiator for customers seeking infrared imaging systems.
The company stated it currently has an order backlog of approximately $90 million. LightPath maintains its primary manufacturing facility in Orlando, Florida, with additional operations in Texas, New Hampshire, Latvia, and China.
LightPath Technologies is publicly traded on the NASDAQ exchange under the ticker symbol LPTH.
In other recent news, LightPath Technologies reported its fourth-quarter fiscal 2025 earnings, highlighting a significant revenue increase. The company recorded $12.2 million in revenue, exceeding the forecasted $11.9 million and marking a 41.4% year-over-year growth. Despite this, LightPath’s earnings per share (EPS) missed expectations, reporting a loss of $0.16 against a forecasted loss of $0.03. Additionally, LightPath announced a new and follow-on order totaling approximately $40 million from a leading global technology company, with deliveries scheduled for 2026 and 2027. In another development, H.C. Wainwright raised its price target for LightPath Technologies from $7 to $8, maintaining a Buy rating. The firm cited the company’s recent financial results as a basis for its decision. Furthermore, LightPath Technologies appointed Mark Caylor, a seasoned defense industry executive, to its Board of Directors. Caylor brings over 35 years of experience, having recently retired as President of Northrop Grumman’s Mission Systems Sector.
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