LPTH — Expanding into High-Growth Infrared and Defense OpticsLightPath Technologies, Inc. Class ABATS:LPTHRichtv_officialLightPath Technologies, Inc. LPTH develops precision optical components, infrared lenses, and advanced imaging systems serving the defense, aerospace, industrial, security, and sensing markets. Key Catalysts: Transformation into an integrated optics platform: LightPath is evolving from a traditional optics manufacturer into a vertically integrated infrared imaging and optical solutions provider, expanding its presence in higher-value defense and industrial applications. Strong financial momentum: Fiscal Q3 2026 results demonstrated significant operational progress: Revenue: Approximately $19.1 million, more than doubling year over year Gross Margin: Improved to approximately 36% Adjusted EBITDA: Turned positive at approximately $1.1 million, reflecting improving operating leverage. Record backlog supports visibility: A record backlog of approximately $110.6 million provides strong revenue visibility and supports continued growth across defense, aerospace, and industrial programs. Strategic acquisitions: The acquisitions of G5 Infrared and Amorphous Technologies expand LightPath's capabilities in infrared materials, thermal imaging, and advanced optical technologies, strengthening its competitive position. Defense and sensing tailwinds: Increasing investment in defense modernization, infrared sensing, thermal imaging, and advanced optical systems continues to create favorable long-term demand for the company's products. Investment Outlook: Bullish above: $9.50–$10.00 Upside target: $24.00–$25.00 Supported by accelerating revenue growth, improving profitability, strategic acquisitions, and rising defense demand, LightPath is well positioned to benefit from expanding opportunities in advanced imaging and infrared technologies. 📢 LPTH — Building the next generation of infrared imaging and precision optics for defense, aerospace, and industrial innovation.