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Investing.com -- LightPath Technologies Inc (NASDAQ:LPTH) stock surged 9.9% premarket Wednesday after the company announced it secured $22.1 million in follow-on purchase orders for advanced infrared camera systems from a leading global technology customer.
The new orders are for systems to be delivered in calendar year 2027 and follow an $18.2 million order announced on September 3, 2025, for deliveries in 2026. Together, these orders represent $40.3 million in business across 2026 and 2027, highlighting the company’s transformation from a components manufacturer to a vertically integrated camera solutions provider.
"This second order for advanced IR camera systems totaling $40.3 million over the course of CY 2026 and 2027 underscores both the strength of our technology and the incredible progress we’ve made in our company’s transformation over the past year," said LightPath Chief Executive Officer Sam Rubin.
The company is leveraging its proprietary technologies, including BlackDiamond™ glass, to target multi-billion-dollar markets in defense and commercial applications. LightPath noted that its products are becoming increasingly important to western defense contractors seeking alternatives to Germanium and more secure supply chains amid current geopolitical tensions.
The purchase orders are subject to the customer’s standard terms and conditions and the terms of an agreement between LightPath and the customer.
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