LightPath Technologies (LPTH) Fiscal Q4 and FY2026 Earnings Call: Revenue, Margins and Backlog Surge
Source Tradingkey
Key takeaways
- Fiscal 2026 revenue rose 93% to $71.7 million, while gross margin expanded to 36% from 27%.
- Fiscal Q4 revenue increased 73% year over year to a record $21.2 million. Gross margin reached 39.4%, and adjusted EBITDA was $2.1 million, or 10% of revenue.
- Full-year adjusted EBITDA improved to a $4.2 million profit from a $5.1 million loss, a $9.3 million swing.
- Backlog ended June 30 at $110.9 million, up 197% year over year. Approximately $85.6 million was requested for delivery within 12 months.
- Assemblies and modules generated $31.9 million, or 44% of fiscal 2026 revenue, increasing 281% year over year and supporting the margin expansion.
- LightPath ended fiscal 2026 with $93.2 million in cash and effectively no debt. Management plans higher capital spending in fiscal 2027 to expand Black Diamond glass and downstream production capacity.
Core financial results
| Metric | Fiscal Q4 2026 | Change / comparison | Fiscal 2026 | Change / comparison |
|---|---|---|---|---|
| Revenue | $21.2 million | Up 73% YoY | $71.7 million | Up 93% YoY |
| Gross profit | $8.3 million | Up 210% YoY | — | — |
| Gross margin | 39.4% | 22% a year earlier | 36% | 27% in fiscal 2025 |
| Net loss | $4.1 million | $7.1 million loss a year earlier | — | — |
| Diluted EPS | -$0.06 | -$0.16 a year earlier | — | — |
| Adjusted EBITDA | $2.1 million | $2.0 million loss a year earlier | $4.2 million | $5.1 million loss in fiscal 2025 |
| Operating expenses | $12.6 million | $7.2 million a year earlier | $45.5 million | $22.0 million in fiscal 2025 |
| Backlog | $110.9 million | Up 197% YoY | — | $85.6 million requested within 12 months |
| Cash | — | — | $93.2 million | Effectively no debt |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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