LightPath Technologies: Specialty Optics Manufacturer Triples Order Backlog!
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Strategic Transformation: The transformation to "LightPath 3.0" catapults average selling prices from previously $5 to $50 up to $500,000 for highly complex camera systems. Regulatory Tailwind: The NDAA legislation forces the US defense industry to forgo Chinese materials by 2030. LightPath positions itself as a domestic supplier with its BlackDiamond technology. Revenue Doubling and Record Order Backlog: In the third quarter, revenue increased by 109% to $19.1 million, while the order backlog grew to an impressive $110.6 million. ...
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