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LightPath Technologies (LPTH) Q4 revenue hit a record $21.2M, with annual revenue up 92.7% to $71.7M, as its defense pivot strategy showed in the numbers.
The company's fiscal fourth-quarter and full-year results also showed gross margin expanding to 36% for the year and backlog increasing by 197% to $110.9M. LightPath has completed its exit from China, selling its subsidiary there for $4.5M.
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