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Lightpath Technologies ( (LPTH) ) has provided an announcement.
On January 21, 2026, LightPath Technologies completed the acquisition of substantially all assets of Amorphous Materials, Inc. (AMI), a 50-year-old industrial manufacturer specializing in chalcogenide glass melting, for $7 million in cash plus up to $3 million in milestone-based equity consideration. Through the deal, executed under an asset purchase agreement signed on January 20, 2026, LightPath gains AMI’s proprietary large-diameter chalcogenide glass plate technology, expanded glass melting capacity up to 10,000 lbs per year, and a second NDAA-compliant manufacturing location in Texas, with AMI’s portfolio of complementary glasses expected to bolster LightPath’s BlackDiamond materials offering and support major U.S. defense programs. Management characterizes the transaction as accretive, projecting roughly $3 million in additional annual revenue tied largely to one tier-1 defense customer with long-term programs of record, and positions LightPath to accelerate its transition into a leading vertically integrated infrared imaging solutions provider in the $9 billion IR market while enhancing supply-chain resilience and expanding its footprint in large, high-value optics for applications including space and long-range defense systems.
The most recent analyst rating on (LPTH) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Lightpath Technologies stock, see the LPTH Stock Forecast page.
Spark’s Take on LPTH Stock
According to Spark, TipRanks’ AI Analyst, LPTH is a Neutral.
The score is held back primarily by weak financial performance (losses and negative operating/free cash flow). This is partially offset by strong technical momentum and a positive earnings update driven by record orders and a large backlog, while valuation support is limited due to negative earnings and no dividend yield.
To see Spark’s full report on LPTH stock, click here.
More about Lightpath Technologies
LightPath Technologies, Inc. is a vertically integrated provider of next-generation optics and infrared imaging systems for defense and commercial markets, offering proprietary BlackDiamond chalcogenide-based glass materials, complete IR optical systems and thermal imaging assemblies. The company manufactures primarily in Orlando, Florida, with additional facilities in Texas, New Hampshire, Latvia and China, serving customers that require U.S.-produced, NDAA-compliant glass and optics.
Average Trading Volume: 1,969,471
Technical Sentiment Signal: Buy
Current Market Cap: $745.9M
For a thorough assessment of LPTH stock, go to TipRanks’ Stock Analysis page.