LPTH targets gross margins approaching 40% through capacity expansion and a $6M capital expenditure initiative.
LightPath Technologies announced a $6M capital expenditure plan aimed at expanding production capacity and driving gross margins toward 40%. The move follows recent operational improvements and demand growth in its optical components segment.
Management previously indicated margins hovered in the mid-30% range, with fiscal 2025 marking a period of stabilization. The $6M investment aligns with long-term strategic goals to enhance scalability and efficiency.
No immediate market reaction was disclosed in the earnings call summary.