Core Viewpoint - LightPath Technologies, Inc. is set to showcase its expanded portfolio of infrared imaging solutions at the 2025 Border Security Expo, following its acquisition of G5 Infrared, highlighting its commitment to innovation in the defense and commercial optics market [1][2]. Group 1: 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 that includes in-house engineering support and global production facilities [5]. - The company’s primary manufacturing footprint is located in Orlando, Florida, with additional facilities in Texas, New Hampshire, Latvia, and China [5]. Group 2: Recent Developments - The exhibition at the 2025 Border Security Expo marks LightPath's first major industry event since acquiring G5 Infrared in February 2025, positioning G5 to deliver advanced cooled and uncooled infrared solutions for critical applications [2][3]. - LightPath plans to demonstrate its high-end cooled infrared camera systems, which complement its existing uncooled thermal imaging portfolio, showcasing its integrated technologies for border protection and homeland security [3]. Group 3: Strategic Engagement - The participation in the expo provides a platform for LightPath to engage with potential customers and partners, emphasizing the importance of its integrated technologies in meeting demanding requirements in security [3]. - Attendees will have the opportunity to explore customized design and manufacturing solutions, reinforcing LightPath's commitment to tailored performance, cost, and timeline objectives [3].

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]

Financial Performance - LightPath Technologies reported a quarterly loss of $0.07 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.04, representing an earnings surprise of -75% [1] - The company posted revenues of $7.43 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 10.33%, compared to revenues of $7.32 million a year ago [2] - Over the last four quarters, the company has surpassed consensus EPS estimates only once [2] Stock Performance - LightPath Technologies shares have lost about 0.6% since the beginning of the year, while the S&P 500 has gained 2.9% [3] - The current Zacks Rank for LightPath Technologies is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is -$0.05 on revenues of $8.06 million, and -$0.15 on revenues of $34.52 million for the current fiscal year [7] - The estimate revisions trend for LightPath Technologies is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [6][7] Industry Context - LightPath Technologies operates within the Zacks Electronics - Miscellaneous Components industry, which is currently ranked in the bottom 48% of over 250 Zacks industries [8] - The performance of stocks in this industry can be significantly influenced by the overall industry outlook [8]

Revenue and Profitability - Revenue for the three months ended December 31, 2024, was $7,424,829, representing an increase from $7,315,637 in the same period of 2023, a growth of approximately 1.5%[15] - Gross profit for the six months ended December 31, 2024, was $4,775,260, compared to $4,500,027 for the same period in 2023, reflecting an increase of about 6.1%[15] - Total revenue for the three months ended December 31, 2024, was $7,424,829, an increase from $7,315,637 in the same period of 2023, representing a growth of 1.5%[15] - Total revenue for the six months ended December 31, 2024, was $15,825,210 compared to $15,392,885 in 2023[45] - Revenue from engineering services significantly increased to $692,687 for the three months ended December 31, 2024, compared to $77,197 in the same period of 2023[45] - For the first half of fiscal 2025, total revenue increased by 3% to $15.83 million compared to $15.39 million in the prior year[183] Losses and Expenses - Operating loss for the three months ended December 31, 2024, was $(2,484,339), compared to $(1,783,329) in the prior year, indicating a deterioration of approximately 39.2%[15] - Net loss for the six months ended December 31, 2024, was $(4,234,742), compared to $(3,056,039) for the same period in 2023, an increase in loss of about 38.5%[15] - The net loss for the three months ended December 31, 2024, was $2,611,997, compared to a net loss of $1,713,663 in 2023, representing a 52.3% increase in losses[67] - Selling, general and administrative expenses for the three months ended December 31, 2024, were $3,356,063, up from $2,858,457 in the same period of 2023, an increase of approximately 17.5%[15] - The total stock-based compensation on stock options, RSUs & RSAs for the six months ended December 31, 2024, was $506,020, compared to $551,853 for the same period in 2023, indicating a decrease of approximately 8.3%[20] Assets and Liabilities - Total current assets as of December 31, 2024, were $15,648,300, slightly up from $15,537,335 as of June 30, 2024[12] - Total liabilities increased to $19,125,253 as of December 31, 2024, compared to $17,887,299 as of June 30, 2024, marking an increase of approximately 6.9%[12] - Cash and cash equivalents decreased to $3,201,066 as of December 31, 2024, from $3,480,268 as of June 30, 2024, a decline of approximately 8.0%[12] - Total stockholders' equity decreased to $26,702,938 as of December 31, 2024, from $30,199,665 as of June 30, 2024, a decline of 11.0%[13] Acquisitions and Strategic Initiatives - The acquisition of Visimid Technologies included a purchase price of $1 million in cash, $1,550,000 in restricted stock, and $150,000 in assumed bank debt, with an earnout contingent on a specific customer contract[34] - The company announced a strategic acquisition of G5 Infrared for approximately $27 million, consisting of $20.25 million in cash and 1,972,531 shares of Class A common stock, with additional earnout consideration of up to $23 million based on revenue and EBITDA targets[98] - The company is transitioning from a component manufacturer to a supplier of imaging subsystems and systems, focusing on engineered solutions and partnerships for optical development[119] - The acquisition of Visimid Technologies in July 2023 aligns with the company's strategy to enhance its capabilities in thermal imaging and night vision applications[109] Cash Flow and Financing - Cash flows from operating activities resulted in a net cash used of $2,437,616 for the six months ended December 31, 2024, compared to a net cash provided of $850,569 for the same period in 2023[21] - Cash provided by financing activities was approximately $2.4 million for the first half of fiscal 2025, reflecting net proceeds from the Bridge Note[165] - The company plans to repatriate a portion of earnings from foreign subsidiaries, with approximately $1.2 million available for repatriation as of December 31, 2024[156] Future Outlook and Market Position - The company is actively seeking additional acquisitions and strategic transactions to expand its business and may need to raise additional funds to pursue these opportunities[97] - Demand for infrared products continues to grow, driven by interest in proprietary materials and the global supply constraints of Germanium[179] - The company expects to recognize approximately $1.1 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements[66]