LightPath’s (LPTH) Defense Pivot Just Showed Up In The Numbers

LightPath Technologies released fourth-quarter and full-year results on September 10 that demonstrated the financial impact of a multiyear strategic shift toward defense applications. The company achieved annual revenue growth of 92.7%, reaching $71.7 million compared to $37.2 million in the prior year, while fourth-quarter revenue alone hit a record $21.2 million, representing 73.8% year-over-year growth.
Margin expansion accompanied the revenue increase, with full-year gross margin reaching 3