Infrared Cameras Order by L3Harris to Support Navy's Shipboard Panoramic Electro-Optic/Infrared (SPEIR) Program ORLANDO, Fla., April 9, 2025 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced its recently acquired subsidiary G5 Infrared ("G5"), a leading high-end infrared camera systems manufacturer, has been awarded an initial $2.2 mi ...

LightPath Technologies Plano, TX General Manager Jason Liebert to Present on Wednesday, April 16, 2025 ORLANDO, Fla., April 3, 2025 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that Jason Liebert – General Manager of the Plano, Texas facility – will present at the virtual Photonics Spectra Infrared Imaging Summit 2025 on April 16 ...

ORLANDO, Fla., April 1, 2025 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it will exhibit at the 2025 Border Security Expo. The conference will be held April 8-9, 2025 in Phoenix, Arizona, providing a prime opportunity for LightPath to showcase its expanded portfolio of infrared imaging solutions through the recent acquisiti ...

Rehovot, Israel, March 31, 2025 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (NASDAQ:MTEK, MTEKW)) ("Maris-Tech" or the "Company"), a global leader in video and artificial intelligence ("AI")- based edge computing technology, today announced its financial results for the full year ended December 31, 2024. The Company reported record revenues of approximately $6.1 million, an increase of 51% compared to approximately $4 million for the year ended December 31, 2023. Gross profit for the year ended December 31, 2024, g ...

ORLANDO, Fla., March 18, 2025 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced its recently acquired subsidiary G5 Infrared ("G5"), a leading high-end infrared camera systems manufacturer, received an $4.8 million initial qualification order for infrared cameras with a new defense industry customer, for delivery in calendar year 2025 ...

LightPath Technologies A Global Leader in Optics & Infrared Solutions NASDAQ: LPTH | February 2025 Investor Day Presentation A Growing Market Opportunity LightPath Today G5 Infrared Safe Harbor Statement This presentation contains "forward-looking" statements that are based on our beliefs and assumptions and on information currently available to us. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, product development plans, ...

Company Overview - LightPath Technologies, Inc. is hosting a Virtual Investor Day to provide detailed insights into its operations and recent developments, particularly focusing on the G5 acquisition [1][2]. G5 Acquisition - The presentation will emphasize the strategic importance of the G5 acquisition and the value it adds to LightPath Technologies [2]. Infrared Imaging Landscape - The company will discuss the infrared imaging sector, clarifying the distinction and overlap between infrared and thermal imaging technologies [4]. - Infrared imaging is defined as the part of the spectrum that is not visible to the human eye, extending beyond ultraviolet to RGB [5].

Core Viewpoint - LightPath Technologies has completed the acquisition of G5 Infrared, enhancing its position in the $9 billion infrared imaging market and expanding its product offerings in defense and commercial applications [1][2]. Company Overview - LightPath Technologies, Inc. is a leading provider of next-generation optics and imaging systems, with a focus on both defense and commercial applications [4]. - The company operates a vertically integrated model, offering custom solutions that include proprietary BlackDiamond™ chalcogenide-based glass materials and complete infrared optical systems [4]. Acquisition Details - The acquisition of G5 Infrared, which specializes in high-end cooled infrared camera solutions, closed on February 18, 2025 [1][2]. - This transaction is expected to provide meaningful scale and integration opportunities, particularly with LightPath's proprietary materials [2]. Strategic Implications - The acquisition is a significant milestone for LightPath, allowing the company to broaden its product portfolio and enhance its reach into high-growth defense markets [3]. - G5 Infrared's cooled infrared camera solutions complement LightPath's existing uncooled offerings, enabling the company to deliver greater value to a wider range of customers [3].

Core Viewpoint - LightPath Technologies is set to host a virtual investor day on February 25, 2025, to discuss its growth strategy, the G5 acquisition, and key advancements in technology and finance [1][2][3]. Group 1: Event Details - The virtual investor day will take place at 12:30 p.m. Eastern time on February 25, 2025, and will include a presentation followed by a Q&A session [2][3]. - The event aims to engage current and prospective investors, showcasing the company's commitment to long-term shareholder value [3]. Group 2: Company Overview - LightPath Technologies is a leading provider of next-generation optics and imaging systems for defense and commercial applications, with a vertically integrated approach and in-house engineering design support [4]. - The company offers a range of custom solutions, including proprietary BlackDiamond™ chalcogenide-based glass materials and complete infrared optical systems [4]. - LightPath's manufacturing facilities are located in Orlando, Florida, with additional sites in Texas, Latvia, and China [4].

Financial Data and Key Metrics Changes - Revenue for Q2 2025 increased by 1.5% to $7.4 million compared to $7.3 million in the same quarter last year [40] - Gross profit decreased by 11% to $1.9 million, representing 26% of total revenues, down from 30% in the prior year [41] - Net loss for Q2 2025 totaled $2.6 million, compared to a loss of $1.7 million in the same quarter last year [43] - EBITDA loss for Q2 2025 was $1.5 million, compared to a loss of $0.5 million for the same period last year [44] - Cash and cash equivalents as of December 31, 2024, totaled $3.2 million, down from $3.5 million as of June 30, 2024 [44] Business Line Data and Key Metrics Changes - Revenue from infrared components was $3.1 million (42% of total revenue) [40] - Revenue from visible components was $2.8 million (37% of total revenue) [40] - Revenue from assemblies and modules was $0.9 million (12% of total revenue) [40] - Revenue from engineering services was $0.7 million (9% of total revenue) [40] Market Data and Key Metrics Changes - The acquisition of G5 Infrared is expected to bring in preliminary unaudited revenue of $15 million in 2024, with combined revenue projections exceeding $55 million in the next 12 months [27][45] - G5's cooled mid-infrared cameras have ASPs ranging from $50,000 to $500,000, indicating a significant market opportunity [20] Company Strategy and Development Direction - The acquisition of G5 Infrared is seen as a transformative event, aligning with the company's strategy to transition from a pure optical components manufacturer to a solutions and subsystem provider [7][11] - The company aims to leverage its differentiated technology to become a systems supplier, enhancing its product offerings and market position [8][10] - The focus on high-margin, high-ASP products is expected to expedite the path to achieving long-term EBITDA margins of 15% [48] Management's Comments on Operating Environment and Future Outlook - Management noted that the recent restrictions on germanium exports from China have impacted supply chains, but they do not expect to lose revenue, only a delay in shipments [29][30] - There is optimism regarding the redesign of systems to replace germanium with alternative materials, which is expected to drive future growth [34] - The company anticipates significant growth opportunities in defense and security markets, particularly with the introduction of G5's products [49][100] Other Important Information - The company has invested nearly $6 million in its Orlando facility to prepare for growth and does not expect significant additional capital outlay for increased capacity [36] - The acquisition of G5 was a preemptive move based on a long-standing relationship, indicating a strategic fit and cultural alignment [117][120] Q&A Session Summary Question: Regarding gross margin and manufacturing yield issues - Management indicated that yield issues were normal and exacerbated by supply chain delays from China, but they do not expect long-term impacts [57][58] Question: Customer overlap and cross-selling opportunities with G5 - There are significant cross-selling opportunities, particularly in optics and camera systems, which are not yet included in revenue projections [59][63] Question: Clarification on large programs and LRIP - Management confirmed that they are in final negotiations for large programs, with expectations for low-rate initial production (LRIP) to begin soon [72][74] Question: Impact of tariffs and supply chain concerns - Management is passing through tariff costs to customers and is more concerned about supply chain disruptions than tariffs themselves [138][140] Question: Current quarter performance and shipment updates - Most delayed shipments have been completed, but supply chain issues from China remain a concern [102][103] Question: G5's pipeline and potential revenue - Management expects G5's programs to generate significant revenue, with potential annual production values ranging from $5 million to $20 million [161]