Reports Q1 revenue $8.4M, consensus $8.33M. CEO Sam Rubin stated, “Q1 of FY25 was highlighted by new orders and continued product innovation to support our strategic transition plan towards becoming a next-generation optics and imaging solutions provider. Momentum toward LightPath (LPTH) 2.0, as we refer to our product groups for customized lens assemblies and solutions and related engineering services, was underscored by an increase from 19% of revenue in Q1 2024, to 30% in Q1 2025. Our continued focus on defense drove both near-term orders as well as development contracts for more lucrative opportunities in the medium-term…Looking ahead, we will continue to drive the future of imaging as seen through our proprietary BlackDiamond optics, leveraging our clear advantage in capabilities as compared to legacy Germanium-based solutions. With defined catalysts in the automotive, defense and camera solutions markets, I have never been more confident in our path ahead. As we move into 2025, our team firmly believes that we are well positioned to continue our transformation and build sustainable value for our shareholders over the long-term”.
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