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LightPath Technologies received a $6.3 million follow-on purchase order for optical assemblies from a leading counter-UAS defense systems supplier. Total awards from the customer exceed $19 million since July 1, including $13 million in follow-on orders announced July 22, 2026. Work supports the customer’s counter-UAS
LightPath Technologies said fiscal 2026 revenue rose 93% to $71.7 million, gross margin widened to 36%, and backlog increased 197% to $110.9 million. The company also said adjusted EBITDA improved to a $4.2 million profit and that it ended the year with $93.2 million in cash and no debt.