LPTH — what changed in the latest 10-Q
A section-by-section comparison of LPTH's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2026-02-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −18 | ~39 | 30 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 12 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 12 |
| Legal proceedings | Text added/removed | 0 | 0 | ~2 | 12 |
| Risk factors | Text added/removed | 0 | 0 | ~2 | 12 |
| Other information | Text added/removed | 0 | 0 | ~1 | 12 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
In January 2026, we acquired the assets of Amorphous Materials, Inc. through our newly-formed, wholly-owned subsidiary, AML. AML specializes in infrared glass fabrication, and operates from a manufacturing facility in Garland, Texas. We believe that this acquisition further strengthens LightPath's p…
Revenue for the third quarter of fiscal 2026 was approximately $19.1 million, an increase of approximately $10.0 million, or 109%, as compared to approximately $9.2 million in the same quarter of the prior fiscal year, primarily driven by increases in infrared components and assemblies and modules. …
Revenue for the first nine months of fiscal 2026 was approximately $50.6 million, an increase of approximately $25.6 million, or 102%, as compared to approximately $25.0 million in the same period of the prior fiscal year, primarily driven by increases in infrared components and assemblies and modul…
In the third quarter of fiscal 2026, gross profit was approximately $7.0 million, an increase of $5.7 million, or 161%, as compared to the same quarter of the prior fiscal year. Total cost of sales was approximately $12.2 million for the third quarter of fiscal 2026, compared to approximately $6.5 m…
In the third quarter of fiscal 2026, SG&A costs were approximately $6.3 million, an increase of approximately $1.8 million, or 42%, as compared to approximately $4.4 million in the same quarter of the prior fiscal year. In the first nine months of fiscal 2026, SG&A costs were approximately $16.5 mil…
Text removed vs the prior filing · source: 10-Q · 2026-02-11
Revenue for the second quarter of fiscal 2026 was approximately $16.4 million, an increase of approximately $8.9 million, or 120%, as compared to approximately $7.4 million in the same quarter of the prior fiscal year, primarily driven by increases in infrared components and assemblies and modules r…
Revenue for the first half of fiscal 2026 was approximately $31.4 million, an increase of approximately $15.6 million, or 98%, as compared to approximately $15.8 million in the same period of the prior fiscal year, primarily driven by increases in infrared components and assemblies and modules resul…
In the second quarter of fiscal 2026, gross profit was approximately $6.0 million, an increase of $4.1 million, or 212%, as compared to the same quarter of the prior fiscal year. Total cost of sales was approximately $10.3 million for the second quarter of fiscal 2026, compared to approximately $5.5…
In the first half of fiscal 2026, gross profit was approximately $10.5 million, an increase of $5.7 million, or 120%, as compared to the same period of the prior fiscal year. Total cost of sales was approximately $20.9 million for the first half of fiscal 2026, compared to approximately $11.0 millio…
In the second quarter of fiscal 2026, SG&A costs were approximately $5.9 million, an increase of approximately $2.5 million, or 75%, as compared to approximately $3.4 million in the same quarter of the prior fiscal year. In the first half of fiscal 2026, SG&A costs were approximately $10.2 million, …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice