LightPath Technologies, Inc. (NASDAQ: LPTH) is a recognized
leader in optics and photonics solutions, serving blue chip customers in the
industrial, defense, telecommunications, testing and measurement, and medical
industries for over a quarter of a century. The company designs, manufactures
and distributes a full range of optical and infrared (IR) components for direct
sale to customers throughout North America and China, as well as through
distributors and channel partners in Europe and the United States. LightPath’s
current product offerings include molded glass aspheric lenses and assemblies,
IR lenses and thermal imaging assemblies, fused fiber collimators and gradient
index GRADIUM® lenses.
In recent weeks, LightPath has taken strides toward
expanding its market share through the continued development and
commercialization of its innovative IR product line. The potential applications
for the company’s IR technology are plentiful – including small hand-held
cameras for thermography, maintenance and security applications, in-process
quality assurance monitoring, and medical sensing devices. In June, LightPath
highlighted one pivotal application when it partnered with a leading supplier
of integrated products and technologies to supply its proprietary IR molded
optics for use in the manufacture of firefighting thermal imaging cameras. In
total, the company’s IR products currently account for more than 10 percent of
its consolidated annualized revenues.
“We are extremely excited by the growth in market opportunities
of our infrared product line,” Jim Gaynor, president and chief executive offer
of LightPath, stated in a news release. “The launch of our proprietary infrared
product technologies positions us to participate in an estimated $3.5 billion
global market… that will contribute to revenue growth for LightPath.”
During its fiscal quarter ending March 31, 2015, LightPath
provided prospective investors with a preview of its massive market potential
by posting strong financial results. In addition to recording a 193 percent
year-over-year increase in revenue from the sales of IR products, the company
realized a six percent year-over-year rise in overall revenue. These results
helped LightPath record a net income for the period of approximately $90,000.
“We had an excellent fiscal 2015 third quarter that reflects
the actions taken in the first half of the year to accelerate sales and improve
our operating efficiency,” continued Gaynor. “We are benefitting from growth in
both our precision molded optic product line and infrared product line and
operational efficiencies to drive improved profitability.”
With growing demand for its IR product line leading the way,
LightPath is in a strong strategic position to build upon its industry presence
moving forward. For potential investors, the company’s recent financial growth
could foreshadow an opportunity to capitalize on sustainable returns in the
years to come.
For more information, visit www.lightpath.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
