LightPath Technologies Inc. - 2026年季度报告

(Mark One) Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” Index Item Cautionary Note Concerning Forward-Looking Statements Part IFinancial Information CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS Certain statements and information in this Quarterly Report on Form 10-Q for the quarter ended December 31, 2025(the“QuarterlyReport”) may constitute“forward-looking statements”within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), and the Private Securities LitigationReform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as“may,”“will,”“should,”“expect,”“plan,”“anticipate,”“believe,”“estimate,”“predict,”“potential,”or“continue,”or other comparable terminology. These forward-looking ●our intentions regarding the use of our earnings generated by our subsidiaries; ●our belief that our acquisitions will align with our overall strategy; ●our expectations regarding market growth potential and market conditions, including in international markets;●our belief that our product groups are aligned with our strategic direction, as well as our ability to focus on higher margin products; ●our ability to remain competitive through differentiating technology; ●the impact of trade actions on our operations and financial condition; ●our ability to successfully create a sustainable annuity revenue stream; ●our expectation that our existing contracts will be renewed in future quarters;●our expectations regarding the performance and demand of our products; ●our anticipated timing for our ability to deliver hardware during fiscal 2026; and ●any other statements regarding our plans,opinions, expectations, beliefs, objectives, assumptions or projections regarding futureevents or future results and underlying assumptions and other statements, which are not statements of historical facts. These forward-looking statements are based largely on our current expectations and assumptions and are subject to a number of risks anduncertainties, many of which are beyond our control. While management believes that these forward-looking statements are reasonable as andwhen made, there can be no assurance that future developments affecting us will be those that we anticipate. These statements are subject tomany risks, uncertainties, and other important factors that could cause actual future results to differ materially from those expressed in theforward-looking statements including, but not limited to, the impact of tariffs and other governmental trade restrictions, our ability to obtainneeded raw materials and components from our suppliers; general economic uncertainty in key global markets and a worsening of globaleconomic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; theeffects of steps that we could take to reduce operating costs; rising inflation and increased interest rates, which diminish capital market cashflow and borrowing power; our inability to sustain profitable sales growth, convert inventory to cash, or reduce our costs to maintaincompetitive prices for our products; circumstances or developments that may make us unable to implement or realize the anticipated benefits,or that may increase the costs, of our current and planned business initiatives; and those factors detailed by us in our public filings with theSecurities and Exchange Commission (the“SEC”), including in Item 1A, Risk Factors, in our Annual Report on Form 10-K for the year endedJune 30, 2025. In light of these risks and uncertainties, all of the forward-looking statements made herein are qualified by these cautionary LIGHTPATH TECHNOLOGIES, INC.Notes to Unaudited Condensed Consolidated Financial Statements 1.Basis of Presentation References in this document to the “Company,” “LightPath,” “we,” “us,” or “our” are intended to mean LightPath Technologies, Inc.,individually, or as the context requires, collectively with its subsidiaries on a consolidated basis. These unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the requirements of Article 8 ofRegulation S-X promulgated under the Exchange Act and, therefore, do not include all information and footnotes necessary for a fairpresentation of financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in theUnited States of America (“GAAP”). These unaudited Condensed Consolidated Financial Statements should be read in conjunction with our These Condensed Consolidated Financial Statements are unaudited, but include all adju