LightPath Technologies：2024年度报告

FORM10-K (Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the fiscal year endedJune 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ Commission file number000-27548_______________________________ LIGHTPATH TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) 86-0708398(I.R.S. Employer Delaware(State or other jurisdiction of incorporation or organization) Identification No) 2603 Challenger Tech Court,Suite 100Orlando,Florida32826(Address of principal executive (407)382-4003(Registrant’s telephone Securities registered pursuant to Section 12(b) of the Act: Trading Symbol(s) Name of each exchange on whichregisteredTheNasdaqStock Class A Common Stock, par value $0.01 Market, LLC Securities registered pursuant to Section 12(g) of the Act: Series D Participating Preferred Stock Purchase Rights(Title of Class)_______________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES☐No☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities andExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “non-accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: Large accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 in the Exchange Act). YES☐NO☒. The aggregate market value of the registrant’s voting stock held by non-affiliates (based on the closing sale price of the registrant’sClass A Common Stock on The NASDAQ Capital Market) was approximately $137,428,323as of December 31, 2024. As of September 23, 2025, the number of shares of the registrant’s Class A Common Stock outstanding was44,670,213. Documents Incorporated By Reference Portions of the Registrant’s definitive proxy statement for its fiscal year 2026 annual meeting of stockholders, which proxy statementwill be filed no later than 120 days after the close of the Registrant’s fiscal year ended June 30, 2025, are hereby incorporated byreference in Part III of this Annual Report on Form 10-K. LightPath Technologies, Inc.Form 10-K Table of Contents PART I4Item 1. Business4Item 1A. Risk Factors15Item 1C. Cybersecurity23Item 2. Properties24Item 3. Legal Proceedings24PART II25Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities25Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 8. Financial Statements and Supplementary Data37Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure37Item 9A. Controls and Procedures37Item 9B. Other Information38PART III39Item 10. Directors, Executive Officers and Corporate Governance39Item 11. Exec