LightPath Technologies Inc. (NASDAQ:LPTH) stock jumped 9.9% in premarket trading Wednesday following news that the company secured $22.1 million in follow-on purchase orders for its advanced infrared (IR) camera systems from a major global technology client.
The new orders are scheduled for delivery in calendar year 2027 and come on the heels of an $18.2 million order announced on September 3, 2025, for deliveries in 2026. Combined, these contracts represent $40.3 million in business across 2026 and 2027, reflecting the company’s shift from a components manufacturer to a vertically integrated camera solutions provider.
“This second order for advanced IR camera systems totaling $40.3 million over the course of CY 2026 and 2027 underscores both the strength of our technology and the incredible progress we’ve made in our company’s transformation over the past year,” said Sam Rubin, CEO of LightPath.
The company is leveraging proprietary technologies, including BlackDiamond™ glass, to address multi-billion-dollar opportunities in defense and commercial sectors. LightPath noted that its products are increasingly critical for Western defense contractors seeking alternatives to Germanium and more secure supply chains amid ongoing geopolitical tensions.
The purchase orders are subject to the customer’s standard terms and the conditions outlined in the existing agreement between LightPath and the client.
LightPath Technologies stock price
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