Symbols / LPTH
LPTH Chart
About
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical systems and assemblies in the United States. It offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, spherical lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics. The company also offers cooled and uncooled camera systems and modules for long range surveillance and detection, and engineering services. The company's products are used in defense products, border security, perimeter security, night vision systems, medical devices, laser aided industrial tools, automotive safety applications, telecommunications, machine vision and sensors, and other sectors. It sells its products directly to customers in Europe and Asia. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Electronic Components | Market Cap | 679.23M |
| Enterprise Value | 662.85M | Income | -22.94M | Sales | 52.79M |
| Book/sh | 1.43 | Cash/sh | 1.27 | Dividend Yield | — |
| Payout | 0.00% | Employees | 345 | IPO | — |
| P/E | — | Forward P/E | 90.54 | PEG | — |
| P/S | 12.87 | P/B | 8.22 | P/C | — |
| EV/EBITDA | -234.41 | EV/Sales | 12.56 | Quick Ratio | 3.36 |
| Current Ratio | 3.97 | Debt/Eq | 9.15 | LT Debt/Eq | — |
| EPS (ttm) | -0.52 | EPS next Y | 0.13 | EPS Growth | — |
| Revenue Growth | 120.20% | Earnings | 2026-05-14 | ROA | -4.85% |
| ROE | -33.03% | ROIC | — | Gross Margin | 30.04% |
| Oper. Margin | -6.35% | Profit Margin | -43.45% | Shs Outstand | 57.71M |
| Shs Float | 44.28M | Short Float | 5.27% | Short Ratio | 0.79 |
| Short Interest | — | 52W High | 15.24 | 52W Low | 1.61 |
| Beta | 0.98 | Avg Volume | 2.56M | Volume | 3.59M |
| Target Price | $15.10 | Recom | Strong_buy | Prev Close | $11.99 |
| Price | $11.77 | Change | -1.83% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$15.10
Mean price target
2. Current target
$11.77
Latest analyst target
3. DCF / Fair value
$1.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.77
Low
$14.00
High
$17.00
Mean
$15.10
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-12 | main | HC Wainwright & Co. | Buy → Buy | $15 |
| 2026-01-06 | main | Lake Street | Buy → Buy | $14 |
| 2025-11-12 | main | Ladenburg Thalmann | Buy → Buy | $11 |
| 2025-11-12 | main | Lake Street | Buy → Buy | $10 |
| 2025-11-12 | main | HC Wainwright & Co. | Buy → Buy | $10 |
| 2025-09-26 | main | Lake Street | Buy → Buy | $8 |
| 2025-09-26 | main | HC Wainwright & Co. | Buy → Buy | $8 |
| 2025-09-04 | main | HC Wainwright & Co. | Buy → Buy | $7 |
| 2025-08-28 | main | HC Wainwright & Co. | Buy → Buy | $6 |
| 2025-05-19 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-02-27 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-02-18 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-01-03 | main | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-01-02 | main | Ladenburg Thalmann | Buy → Buy | $5 |
| 2024-12-27 | main | Lake Street | Buy → Buy | $4 |
| 2024-09-20 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
| 2024-05-10 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
| 2024-01-18 | init | Lake Street | — → Buy | $3 |
| 2023-09-19 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
| 2023-05-15 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
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Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 733354 | 9117650.0 | — | Sale at price 12.01 - 13.18 per share. | NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. | Beneficial Owner of more than 10% of a Class of Security | — | 2026-02-24 00:00:00 | I |
| 1 | 1260000 | 2709000.0 | — | Conversion of Exercise of derivative security at price 2.15 per share. | NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. | Beneficial Owner of more than 10% of a Class of Security | — | 2026-02-20 00:00:00 | I |
| 2 | 29011 | nan | — | — | RUBIN SHMUEL | Chief Executive Officer | — | 2026-02-02 00:00:00 | D |
| 3 | 12103 | nan | — | — | MIRANDA ALBERT | Chief Financial Officer | — | 2026-02-02 00:00:00 | D |
| 4 | 3499289 | 9028166.0 | — | Conversion of Exercise of derivative security at price 2.58 per share. | NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. | Beneficial Owner of more than 10% of a Class of Security | — | 2026-01-05 00:00:00 | I |
| 5 | 770321 | 9028162.0 | — | Sale at price 11.72 per share. | NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. | Beneficial Owner of more than 10% of a Class of Security | — | 2026-01-05 00:00:00 | I |
| 6 | 13020 | — | — | Stock Gift at price 0.00 per share. | RUBIN SHMUEL | Chief Executive Officer | — | 2025-12-19 00:00:00 | D |
| 7 | 19355 | nan | — | — | CREVISTON STEVEN ERIC | Director | — | 2025-11-20 00:00:00 | D |
| 8 | 9529 | nan | — | — | RUBIN SHMUEL | Chief Executive Officer | — | 2025-11-20 00:00:00 | D |
| 9 | 4137 | nan | — | — | MIRANDA ALBERT | Chief Financial Officer | — | 2025-11-20 00:00:00 | D |
Financials
| Line Item | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -720.72K | -26.16K | 16.46K | -1.94K |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | -6.14M | -3.58M | -433.38K | 1.18M |
| TotalUnusualItems | -3.43M | -124.58K | 78.37K | -9.23K |
| TotalUnusualItemsExcludingGoodwill | -3.43M | -124.58K | 78.37K | -9.23K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -14.87M | -8.01M | -4.05M | -3.54M |
| ReconciledDepreciation | 4.15M | 4.05M | 3.17M | 3.62M |
| ReconciledCostOfRevenue | 24.34M | 20.68M | 19.81M | 21.25M |
| EBITDA | -9.57M | -3.70M | -355.00K | 1.17M |
| EBIT | -13.72M | -7.75M | -3.53M | -2.45M |
| NetInterestIncome | -1.12M | -191.86K | -283.27K | -229.47K |
| InterestExpense | 1.12M | 191.86K | 283.27K | 229.47K |
| NormalizedIncome | -12.16M | -7.91M | -4.11M | -3.53M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -14.87M | -8.01M | -4.05M | -3.54M |
| TotalExpenses | 47.37M | 39.43M | 36.57M | 38.18M |
| TotalOperatingIncomeAsReported | -11.82M | -7.83M | -3.55M | -2.63M |
| DilutedAverageShares | 40.87M | 37.94M | 31.64M | 27.02M |
| BasicAverageShares | 40.87M | 37.94M | 31.64M | 27.02M |
| DilutedEPS | -0.36 | -0.21 | -0.13 | -0.13 |
| BasicEPS | -0.36 | -0.21 | -0.13 | -0.13 |
| DilutedNIAvailtoComStockholders | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncomeCommonStockholders | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncome | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncomeIncludingNoncontrollingInterests | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncomeContinuousOperations | -14.87M | -8.01M | -4.05M | -3.54M |
| TaxProvision | 37.79K | 67.49K | 234.03K | 862.91K |
| PretaxIncome | -14.84M | -7.94M | -3.81M | -2.68M |
| OtherIncomeExpense | -3.55M | -45.91K | 103.34K | 168.20K |
| OtherNonOperatingIncomeExpenses | -122.08K | 78.67K | 24.97K | 177.44K |
| SpecialIncomeCharges | -2.08M | -124.58K | 78.37K | -9.23K |
| GainOnSaleOfPPE | -99.33K | -124.58K | 78.37K | -9.23K |
| OtherSpecialCharges | 418.50K | |||
| RestructuringAndMergernAcquisition | 1.56M | 0.00 | ||
| GainOnSaleOfSecurity | -1.35M | |||
| NetNonOperatingInterestIncomeExpense | -1.12M | -191.86K | -283.27K | -229.47K |
| InterestExpenseNonOperating | 1.12M | 191.86K | 283.27K | 229.47K |
| OperatingIncome | -10.16M | -7.70M | -3.63M | -2.62M |
| OperatingExpense | 20.29M | 16.33M | 14.71M | 14.43M |
| DepreciationAmortizationDepletionIncomeStatement | 1.41M | 1.64M | 1.13M | 1.13M |
| DepreciationAndAmortizationInIncomeStatement | 1.41M | 1.64M | 1.13M | 1.13M |
| Amortization | 1.41M | 1.64M | 1.13M | 1.13M |
| AmortizationOfIntangiblesIncomeStatement | 1.41M | 1.64M | 1.13M | 1.13M |
| ResearchAndDevelopment | 3.06M | 2.40M | 2.15M | 2.09M |
| SellingGeneralAndAdministration | 15.81M | 12.30M | 11.44M | 11.22M |
| GrossProfit | 10.13M | 8.63M | 11.07M | 11.81M |
| CostOfRevenue | 27.07M | 23.09M | 21.86M | 23.74M |
| TotalRevenue | 37.20M | 31.73M | 32.93M | 35.56M |
| OperatingRevenue | 37.20M | 31.73M | 32.93M | 35.56M |
| Line Item | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| OrdinarySharesNumber | 42.95M | 39.25M | 37.34M | 27.05M |
| ShareIssued | 42.95M | 39.25M | 37.34M | 27.05M |
| NetDebt | 100.52K | |||
| TotalDebt | 15.19M | 10.36M | 12.38M | 14.73M |
| TangibleBookValue | -14.10M | 19.78M | 26.76M | 19.42M |
| InvestedCapital | 20.62M | 30.73M | 38.53M | 33.95M |
| WorkingCapital | 11.27M | 7.50M | 14.93M | 10.44M |
| NetTangibleAssets | -14.10M | 19.78M | 26.76M | 19.42M |
| CapitalLeaseObligations | 10.21M | 9.82M | 9.81M | 10.51M |
| CommonStockEquity | 15.64M | 30.20M | 35.95M | 29.73M |
| TotalCapitalization | 20.45M | 30.53M | 37.50M | 32.95M |
| TotalEquityGrossMinorityInterest | 15.64M | 30.20M | 35.95M | 29.73M |
| StockholdersEquity | 15.64M | 30.20M | 35.95M | 29.73M |
| GainsLossesNotAffectingRetainedEarnings | 978.69K | 509.94K | 606.54K | 935.12K |
| OtherEquityAdjustments | 978.69K | 509.94K | 606.54K | 935.12K |
| RetainedEarnings | -230.72M | -215.84M | -207.84M | -203.79M |
| AdditionalPaidInCapital | 244.95M | 245.14M | 242.81M | 232.32M |
| CapitalStock | 429.49K | 392.55K | 373.45K | 270.47K |
| CommonStock | 429.49K | 392.55K | 373.45K | 270.47K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 65.86M | 17.89M | 17.58M | 20.98M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 48.76M | 9.85M | 10.75M | 13.25M |
| PreferredSecuritiesOutsideStockEquity | 34.23M | 0.00 | ||
| NonCurrentAccruedExpenses | 823.00K | 611.62K | 0.00 | |
| NonCurrentDeferredLiabilities | 152.76K | 326.20K | 465.00K | 541.01K |
| NonCurrentDeferredTaxesLiabilities | 152.76K | 326.20K | 465.00K | 541.01K |
| LongTermDebtAndCapitalLeaseObligation | 13.55M | 8.91M | 10.29M | 12.71M |
| LongTermCapitalLeaseObligation | 8.75M | 8.59M | 8.73M | 9.49M |
| LongTermDebt | 4.80M | 325.88K | 1.55M | 3.22M |
| CurrentLiabilities | 17.10M | 8.04M | 6.83M | 7.73M |
| CurrentDebtAndCapitalLeaseObligation | 1.63M | 1.45M | 2.10M | 2.02M |
| CurrentCapitalLeaseObligation | 1.46M | 1.24M | 1.07M | 1.02M |
| CurrentDebt | 172.57K | 209.17K | 1.02M | 998.69K |
| OtherCurrentBorrowings | 172.57K | 209.17K | 1.02M | 998.69K |
| PayablesAndAccruedExpenses | 15.47M | 6.59M | 4.74M | 5.71M |
| CurrentAccruedExpenses | 8.05M | 3.36M | 2.16M | 2.64M |
| Payables | 7.42M | 3.23M | 2.57M | 3.07M |
| AccountsPayable | 7.42M | 3.23M | 2.57M | 3.07M |
| TotalAssets | 81.51M | 48.09M | 53.54M | 50.71M |
| TotalNonCurrentAssets | 53.13M | 32.55M | 31.78M | 32.54M |
| OtherNonCurrentAssets | 73.92K | 59.60K | 65.94K | 27.74K |
| NonCurrentDeferredAssets | 22.57K | 123.00K | 140.00K | 143.00K |
| NonCurrentDeferredTaxesAssets | 22.57K | 123.00K | 140.00K | 143.00K |
| GoodwillAndOtherIntangibleAssets | 29.74M | 10.41M | 9.19M | 10.31M |
| OtherIntangibleAssets | 15.99M | 3.65M | 3.33M | 4.46M |
| Goodwill | 13.75M | 6.76M | 5.85M | 5.85M |
| NetPPE | 23.29M | 21.95M | 22.38M | 22.06M |
| AccumulatedDepreciation | -21.19M | -18.30M | -16.62M | -15.74M |
| GrossPPE | 44.48M | 40.26M | 39.00M | 37.80M |
| Leases | 9.41M | 8.96M | 2.74M | 3.04M |
| ConstructionInProgress | 1.54M | 646.22K | 3.07M | 943.79K |
| OtherProperties | 31.69M | 29.32M | 31.87M | 32.48M |
| MachineryFurnitureEquipment | 1.85M | 1.32M | 1.32M | 1.33M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 28.37M | 15.54M | 21.76M | 18.17M |
| OtherCurrentAssets | 40.15K | 131.18K | 570.29K | 464.80K |
| RestrictedCash | 0.00 | 2.46M | 0.00 | |
| PrepaidAssets | 1.14M | 445.90K | 570.29K | 464.80K |
| Inventory | 12.86M | 6.55M | 7.41M | 6.99M |
| InventoriesAdjustmentsAllowances | -2.02M | -1.22M | -1.12M | -1.33M |
| FinishedGoods | 3.05M | 2.33M | 2.63M | 3.05M |
| WorkInProcess | 7.32M | 2.33M | 2.91M | 2.24M |
| RawMaterials | 4.51M | 3.11M | 3.00M | 3.02M |
| Receivables | 9.46M | 4.93M | 6.63M | 5.21M |
| OtherReceivables | 137.10K | |||
| AccountsReceivable | 9.46M | 4.93M | 6.63M | 5.21M |
| AllowanceForDoubtfulAccountsReceivable | -24.50K | -25.68K | -18.50K | -36.31K |
| GrossAccountsReceivable | 9.48M | 4.95M | 6.65M | 5.25M |
| CashCashEquivalentsAndShortTermInvestments | 4.88M | 3.48M | 4.69M | 5.51M |
| CashAndCashEquivalents | 4.88M | 3.48M | 4.69M | 5.51M |
| Line Item | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| FreeCashFlow | -9.59M | -1.66M | -5.89M | -162.49K |
| RepaymentOfDebt | -391.73K | -2.59M | -1.93M | -893.51K |
| IssuanceOfDebt | 6.66M | 278.93K | 141.25K | 266.85K |
| IssuanceOfCapitalStock | 19.11M | 806.33K | 9.20M | 0.00 |
| CapitalExpenditure | -1.26M | -2.18M | -3.08M | -1.63M |
| InterestPaidSupplementalData | 273.48K | 196.54K | 221.77K | 157.41K |
| IncomeTaxPaidSupplementalData | 206.12K | 166.86K | 428.91K | 267.58K |
| EndCashPosition | 4.88M | 3.48M | 7.14M | 5.51M |
| BeginningCashPosition | 3.48M | 7.14M | 5.51M | 6.77M |
| EffectOfExchangeRateChanges | 170.20K | -53.58K | -141.77K | -468.14K |
| ChangesInCash | 1.23M | -3.61M | 1.78M | -798.66K |
| FinancingCashFlow | 29.30M | -1.47M | 7.46M | -636.17K |
| CashFlowFromContinuingFinancingActivities | 29.30M | -1.47M | 7.46M | -636.17K |
| NetOtherFinancingCharges | 3.90M | -61.22K | ||
| ProceedsFromStockOptionExercised | 17.56K | 39.68K | 40.38K | 51.71K |
| NetPreferredStockIssuance | 18.68M | 0.00 | ||
| PreferredStockIssuance | 18.68M | 0.00 | ||
| NetCommonStockIssuance | 437.73K | 806.33K | 9.20M | 0.00 |
| CommonStockIssuance | 437.73K | 806.33K | 9.20M | 0.00 |
| NetIssuancePaymentsOfDebt | 6.27M | -2.31M | -1.78M | -626.66K |
| NetShortTermDebtIssuance | 6.46M | -2.18M | ||
| ShortTermDebtPayments | -204.10K | -2.46M | ||
| ShortTermDebtIssuance | 6.66M | 278.93K | ||
| NetLongTermDebtIssuance | -187.63K | -131.90K | -1.78M | -626.66K |
| LongTermDebtPayments | -187.63K | -131.90K | -1.93M | -893.51K |
| LongTermDebtIssuance | 278.93K | 141.25K | 266.85K | 275.38K |
| InvestingCashFlow | -19.74M | -2.67M | -2.87M | -1.63M |
| CashFlowFromContinuingInvestingActivities | -19.74M | -2.67M | -2.87M | -1.63M |
| NetBusinessPurchaseAndSale | -18.49M | -847.14K | 0.00 | |
| PurchaseOfBusiness | -18.49M | -847.14K | 0.00 | |
| NetPPEPurchaseAndSale | -1.25M | -1.82M | -2.87M | -1.63M |
| SaleOfPPE | 10.65K | 364.71K | 209.17K | 0.00 |
| PurchaseOfPPE | -1.26M | -2.18M | -3.08M | -1.63M |
| OperatingCashFlow | -8.33M | 521.04K | -2.81M | 1.46M |
| CashFlowFromContinuingOperatingActivities | -8.33M | 521.04K | -2.81M | 1.46M |
| ChangeInWorkingCapital | -447.78K | 3.14M | -3.25M | -285.11K |
| ChangeInOtherCurrentLiabilities | 1.56M | 0.00 | ||
| ChangeInOtherCurrentAssets | 91.03K | -131.18K | 0.00 | |
| ChangeInPayablesAndAccruedExpense | 2.24M | 680.46K | -977.62K | -1.09M |
| ChangeInPrepaidAssets | -325.92K | 133.81K | -97.79K | 10.56K |
| ChangeInInventory | -1.39M | 960.74K | -741.60K | 1.22M |
| ChangeInReceivables | -2.63M | 1.50M | -1.43M | -425.55K |
| ChangesInAccountReceivables | -2.63M | 1.50M | -1.43M | -562.65K |
| OtherNonCashItems | -59.80K | 183.39K | -172.79K | -170.07K |
| StockBasedCompensation | 1.04M | 1.02M | 1.31M | 825.25K |
| ProvisionandWriteOffofAssets | -3.01K | -4.43K | 8.16K | 7.71K |
| AssetImpairmentCharge | 143.36K | 136.68K | 316.30K | 456.54K |
| AmortizationOfSecurities | 71.22K | 0.00 | ||
| DeferredTax | -221.98K | -121.80K | -73.02K | 545.01K |
| DeferredIncomeTax | -221.98K | -121.80K | -73.02K | 545.01K |
| DepreciationAmortizationDepletion | 4.15M | 4.05M | 3.17M | 3.62M |
| DepreciationAndAmortization | 4.15M | 4.05M | 3.17M | 3.62M |
| OperatingGainsLosses | 1.87M | 124.58K | -78.37K | 9.23K |
| GainLossOnInvestmentSecurities | 1.35M | |||
| GainLossOnSaleOfPPE | 94.86K | 124.58K | -78.37K | 9.23K |
| NetIncomeFromContinuingOperations | -14.87M | -8.01M | -4.05M | -3.54M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for LPTH
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|