Symbols / LPTH $10.98 +7.44% LightPath Technologies, Inc.

Technology • Electronic Components • United States • NCM
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 633.64M
Enterprise Value 604.57M 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 84.46 PEG —
P/S 12.00 P/B 7.67 P/C —
EV/EBITDA -213.79 EV/Sales 11.45 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 53.94M Short Float 6.24% Short Ratio 1.56
Short Interest — 52W High 15.24 52W Low 1.61
Beta 1.07 Avg Volume 2.77M Volume 1.66M
Target Price $15.10 Recom None Prev Close $10.22
Price $10.98 Change 7.44%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.10
Mean price target
2. Current target
$10.98
Latest analyst target
3. DCF / Fair value
$1.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.98
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
News
RSS: Latest LPTH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-27 RUBIN SHMUEL Chief Executive Officer — 180 $9.70 $1,745
2026-03-25 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Beneficial Owner of more than 10% of a Class of Security — 356,909 $12.06 $4,379,911
2026-03-25 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Beneficial Owner of more than 10% of a Class of Security — 740,000 $2.15 $1,591,000
2026-03-18 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Director and Beneficial Owner of more than 10% of a Class of Security — 120,454 $12.00 $1,446,493
2026-03-04 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Beneficial Owner of more than 10% of a Class of Security — 674,995 $12.03 $8,180,640
2026-03-02 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Beneficial Owner of more than 10% of a Class of Security — 740,000 $2.15 $1,591,000
2026-02-25 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Director and Beneficial Owner of more than 10% of a Class of Security — 300,092 $12.18 $3,655,121
2026-02-24 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Beneficial Owner of more than 10% of a Class of Security — 733,354 $12.01 $9,117,650
2026-02-20 NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. Beneficial Owner of more than 10% of a Class of Security — 1,260,000 $2.15 $2,709,000
2026-02-02 RUBIN SHMUEL Chief Executive Officer — 29,011 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total Revenue
37.20
+17.26%
31.73
-3.67%
32.93
-7.38%
35.56
Operating Revenue
37.20
+17.26%
31.73
-3.67%
32.93
-7.38%
35.56
Cost Of Revenue
27.07
+17.22%
23.09
+5.65%
21.86
-7.94%
23.74
Reconciled Cost Of Revenue
24.34
+17.68%
20.68
+4.40%
19.81
-6.79%
21.25
Gross Profit
10.13
+17.37%
8.63
-22.06%
11.07
-6.26%
11.81
Operating Expense
20.29
+24.24%
16.33
+11.05%
14.71
+1.91%
14.43
Research And Development
3.06
+27.63%
2.40
+11.89%
2.15
+2.86%
2.09
Selling General And Administration
15.81
+28.60%
12.30
+7.52%
11.44
+1.92%
11.22
Total Expenses
47.37
+20.13%
39.43
+7.83%
36.57
-4.22%
38.18
Operating Income
-10.16
-31.95%
-7.70
-112.01%
-3.63
-38.77%
-2.62
Total Operating Income As Reported
-11.82
-51.06%
-7.83
-120.19%
-3.55
-35.30%
-2.63
EBITDA
-9.57
-158.62%
-3.70
-942.13%
-0.36
-130.40%
1.17
Normalized EBITDA
-6.14
-71.63%
-3.58
-724.92%
-0.43
-136.81%
1.18
Reconciled Depreciation
4.15
+2.49%
4.05
+27.53%
3.17
-12.25%
3.62
EBIT
-13.72
-77.04%
-7.75
-119.52%
-3.53
-44.08%
-2.45
Total Unusual Items
-3.43
-2654.77%
-0.12
-258.96%
0.08
+948.65%
-0.01
Total Unusual Items Excluding Goodwill
-3.43
-2654.77%
-0.12
-258.96%
0.08
+948.65%
-0.01
Special Income Charges
-2.08
-1568.18%
-0.12
-258.96%
0.08
+948.65%
-0.01
Other Special Charges
0.42
—
—
—
Restructuring And Mergern Acquisition
1.56
0.00
—
—
Net Income
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Pretax Income
-14.84
-86.85%
-7.94
-108.24%
-3.81
-42.31%
-2.68
Net Non Operating Interest Income Expense
-1.12
-482.82%
-0.19
+32.27%
-0.28
-23.44%
-0.23
Interest Expense Non Operating
1.12
+482.82%
0.19
-32.27%
0.28
+23.44%
0.23
Net Interest Income
-1.12
-482.82%
-0.19
+32.27%
-0.28
-23.44%
-0.23
Interest Expense
1.12
+482.82%
0.19
-32.27%
0.28
+23.44%
0.23
Other Income Expense
-3.55
-7640.73%
-0.05
-144.43%
0.10
-38.56%
0.17
Other Non Operating Income Expenses
-0.12
-255.18%
0.08
+215.06%
0.02
-85.93%
0.18
Gain On Sale Of Security
-1.35
—
—
—
Tax Provision
0.04
-44.01%
0.07
-71.16%
0.23
-72.88%
0.86
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.72
-2654.77%
-0.03
-258.96%
0.02
+948.65%
-0.00
Net Income Including Noncontrolling Interests
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Net Income From Continuing Operation Net Minority Interest
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Net Income From Continuing And Discontinued Operation
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Net Income Continuous Operations
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Normalized Income
-12.16
-53.77%
-7.91
-92.49%
-4.11
-16.24%
-3.53
Net Income Common Stockholders
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Diluted EPS
-0.36
-71.43%
-0.21
-61.54%
-0.13
+0.00%
-0.13
Basic EPS
-0.36
-71.43%
-0.21
-61.54%
-0.13
+0.00%
-0.13
Basic Average Shares
40.87
+7.72%
37.94
+19.94%
31.64
+17.09%
27.02
Diluted Average Shares
40.87
+7.72%
37.94
+19.94%
31.64
+17.09%
27.02
Diluted NI Availto Com Stockholders
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Amortization
1.41
-13.49%
1.64
+45.37%
1.13
+0.00%
1.13
Amortization Of Intangibles Income Statement
1.41
-13.49%
1.64
+45.37%
1.13
+0.00%
1.13
Depreciation Amortization Depletion Income Statement
1.41
-13.49%
1.64
+45.37%
1.13
+0.00%
1.13
Depreciation And Amortization In Income Statement
1.41
-13.49%
1.64
+45.37%
1.13
+0.00%
1.13
Gain On Sale Of PPE
-0.10
+20.27%
-0.12
-258.96%
0.08
+948.65%
-0.01
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total Assets
81.51
+69.50%
48.09
-10.18%
53.54
+5.57%
50.71
Current Assets
28.37
+82.62%
15.54
-28.60%
21.76
+19.76%
18.17
Cash Cash Equivalents And Short Term Investments
4.88
+40.13%
3.48
-25.75%
4.69
-14.90%
5.51
Cash And Cash Equivalents
4.88
+40.13%
3.48
-25.75%
4.69
-14.90%
5.51
Receivables
9.46
+91.83%
4.93
-25.71%
6.63
+27.31%
5.21
Accounts Receivable
9.46
+91.83%
4.93
-25.71%
6.63
+27.31%
5.21
Gross Accounts Receivable
9.48
+91.33%
4.95
-25.53%
6.65
+26.78%
5.25
Allowance For Doubtful Accounts Receivable
-0.02
+4.60%
-0.03
-38.77%
-0.02
+49.05%
-0.04
Other Receivables
—
—
—
—
Inventory
12.86
+96.29%
6.55
-11.60%
7.41
+6.09%
6.99
Raw Materials
4.51
+44.83%
3.11
+3.75%
3.00
-0.64%
3.02
Work In Process
7.32
+213.80%
2.33
-19.80%
2.91
+29.66%
2.24
Finished Goods
3.05
+31.05%
2.33
-11.26%
2.63
-13.95%
3.05
Prepaid Assets
1.14
+156.26%
0.45
-21.81%
0.57
+22.70%
0.46
Restricted Cash
—
0.00
-100.00%
2.46
0.00
Other Current Assets
0.04
-69.39%
0.13
-77.00%
0.57
+22.70%
0.46
Total Non Current Assets
53.13
+63.23%
32.55
+2.43%
31.78
-2.36%
32.54
Net PPE
23.29
+6.11%
21.95
-1.92%
22.38
+1.46%
22.06
Gross PPE
44.48
+10.50%
40.26
+3.21%
39.00
+3.19%
37.80
Accumulated Depreciation
-21.19
-15.77%
-18.30
-10.13%
-16.62
-5.61%
-15.74
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
1.85
+39.98%
1.32
-0.26%
1.32
-0.49%
1.33
Construction In Progress
1.54
+137.84%
0.65
-78.94%
3.07
+225.06%
0.94
Other Properties
31.69
+8.06%
29.32
-7.98%
31.87
-1.88%
32.48
Leases
9.41
+4.98%
8.96
+226.90%
2.74
-9.91%
3.04
Goodwill And Other Intangible Assets
29.74
+185.57%
10.41
+13.36%
9.19
-10.91%
10.31
Goodwill
13.75
+103.34%
6.76
+15.53%
5.85
+0.00%
5.85
Other Intangible Assets
15.99
+337.94%
3.65
+9.54%
3.33
-25.24%
4.46
Non Current Deferred Assets
0.02
-81.65%
0.12
-12.14%
0.14
-2.10%
0.14
Non Current Deferred Taxes Assets
0.02
-81.65%
0.12
-12.14%
0.14
-2.10%
0.14
Other Non Current Assets
0.07
+24.02%
0.06
-9.61%
0.07
+137.73%
0.03
Total Liabilities Net Minority Interest
65.86
+268.20%
17.89
+1.73%
17.58
-16.20%
20.98
Current Liabilities
17.10
+112.78%
8.04
+17.60%
6.83
-11.64%
7.73
Payables And Accrued Expenses
15.47
+134.70%
6.59
+39.14%
4.74
-17.11%
5.71
Payables
7.42
+129.64%
3.23
+25.55%
2.57
-16.26%
3.07
Accounts Payable
7.42
+129.64%
3.23
+25.55%
2.57
-16.26%
3.07
Current Accrued Expenses
8.05
+139.57%
3.36
+55.32%
2.16
-18.10%
2.64
Current Debt And Capital Lease Obligation
1.63
+12.92%
1.45
-31.04%
2.10
+3.85%
2.02
Current Debt
0.17
-17.50%
0.21
-79.57%
1.02
+2.52%
1.00
Other Current Borrowings
0.17
-17.50%
0.21
-79.57%
1.02
+2.52%
1.00
Current Capital Lease Obligation
1.46
+18.06%
1.24
+15.24%
1.07
+5.15%
1.02
Total Non Current Liabilities Net Minority Interest
48.76
+394.99%
9.85
-8.36%
10.75
-18.86%
13.25
Long Term Debt And Capital Lease Obligation
13.55
+52.05%
8.91
-13.34%
10.29
-19.07%
12.71
Long Term Debt
4.80
+1374.47%
0.33
-78.98%
1.55
-51.82%
3.22
Long Term Capital Lease Obligation
8.75
+1.87%
8.59
-1.69%
8.73
-7.96%
9.49
Non Current Deferred Liabilities
0.15
-53.17%
0.33
-29.85%
0.47
-14.05%
0.54
Non Current Deferred Taxes Liabilities
0.15
-53.17%
0.33
-29.85%
0.47
-14.05%
0.54
Preferred Securities Outside Stock Equity
34.23
0.00
—
—
Stockholders Equity
15.64
-48.20%
30.20
-16.00%
35.95
+20.93%
29.73
Common Stock Equity
15.64
-48.20%
30.20
-16.00%
35.95
+20.93%
29.73
Capital Stock
0.43
+9.41%
0.39
+5.11%
0.37
+38.07%
0.27
Common Stock
0.43
+9.41%
0.39
+5.11%
0.37
+38.07%
0.27
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
42.95
+9.41%
39.25
+5.11%
37.34
+38.07%
27.05
Ordinary Shares Number
42.95
+9.41%
39.25
+5.11%
37.34
+38.07%
27.05
Additional Paid In Capital
244.95
-0.08%
245.14
+0.96%
242.81
+4.52%
232.32
Retained Earnings
-230.72
-6.89%
-215.84
-3.85%
-207.84
-1.99%
-203.79
Gains Losses Not Affecting Retained Earnings
0.98
+91.92%
0.51
-15.93%
0.61
-35.14%
0.94
Other Equity Adjustments
0.98
+91.92%
0.51
-15.93%
0.61
-35.14%
0.94
Total Equity Gross Minority Interest
15.64
-48.20%
30.20
-16.00%
35.95
+20.93%
29.73
Total Capitalization
20.45
-33.01%
30.53
-18.61%
37.50
+13.82%
32.95
Working Capital
11.27
+50.30%
7.50
-49.75%
14.93
+43.03%
10.44
Invested Capital
20.62
-32.90%
30.73
-20.23%
38.53
+13.49%
33.95
Total Debt
15.19
+46.59%
10.36
-16.34%
12.38
-15.92%
14.73
Net Debt
0.10
—
—
—
Capital Lease Obligations
10.21
+3.91%
9.82
+0.17%
9.81
-6.68%
10.51
Net Tangible Assets
-14.10
-171.25%
19.78
-26.08%
26.76
+37.83%
19.42
Tangible Book Value
-14.10
-171.25%
19.78
-26.08%
26.76
+37.83%
19.42
Inventories Adjustments Allowances
-2.02
-65.27%
-1.22
-8.91%
-1.12
+15.41%
-1.33
Non Current Accrued Expenses
0.82
+34.56%
0.61
0.00
—
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Operating Cash Flow
-8.33
-1699.00%
0.52
+118.55%
-2.81
-291.89%
1.46
Cash Flow From Continuing Operating Activities
-8.33
-1699.00%
0.52
+118.55%
-2.81
-291.89%
1.46
Net Income From Continuing Operations
-14.87
-85.74%
-8.01
-97.87%
-4.05
-14.25%
-3.54
Depreciation Amortization Depletion
4.15
+2.49%
4.05
+27.53%
3.17
-12.25%
3.62
Depreciation And Amortization
4.15
+2.49%
4.05
+27.53%
3.17
-12.25%
3.62
Other Non Cash Items
-0.06
-132.60%
0.18
+206.14%
-0.17
-1.60%
-0.17
Stock Based Compensation
1.04
+2.40%
1.02
-22.27%
1.31
+58.86%
0.83
Provisionand Write Offof Assets
-0.00
+31.90%
-0.00
-154.25%
0.01
+5.77%
0.01
Asset Impairment Charge
0.14
+4.89%
0.14
-56.79%
0.32
-30.72%
0.46
Deferred Tax
-0.22
-82.24%
-0.12
-66.82%
-0.07
-113.40%
0.55
Deferred Income Tax
-0.22
-82.24%
-0.12
-66.82%
-0.07
-113.40%
0.55
Operating Gains Losses
1.87
+1398.65%
0.12
+258.96%
-0.08
-948.65%
0.01
Gain Loss On Investment Securities
1.35
—
—
—
Gain Loss On Sale Of PPE
0.09
-23.86%
0.12
+258.96%
-0.08
-948.65%
0.01
Change In Working Capital
-0.45
-114.25%
3.14
+196.74%
-3.25
-1039.36%
-0.29
Change In Receivables
-2.63
-275.24%
1.50
+204.70%
-1.43
-236.38%
-0.43
Changes In Account Receivables
-2.63
-275.24%
1.50
+204.70%
-1.43
-154.41%
-0.56
Change In Inventory
-1.39
-244.23%
0.96
+229.55%
-0.74
-160.91%
1.22
Change In Prepaid Assets
-0.33
-343.57%
0.13
+236.83%
-0.10
-1026.06%
0.01
Change In Payables And Accrued Expense
2.24
+228.99%
0.68
+169.60%
-0.98
+10.12%
-1.09
Change In Other Current Assets
0.09
+169.39%
-0.13
0.00
—
Change In Other Current Liabilities
1.56
0.00
—
—
Investing Cash Flow
-19.74
-640.58%
-2.67
+7.07%
-2.87
-76.32%
-1.63
Cash Flow From Continuing Investing Activities
-19.74
-640.58%
-2.67
+7.07%
-2.87
-76.32%
-1.63
Net PPE Purchase And Sale
-1.25
+31.16%
-1.82
+36.61%
-2.87
-76.32%
-1.63
Purchase Of PPE
-1.26
+42.17%
-2.18
+29.06%
-3.08
-89.18%
-1.63
Sale Of PPE
0.01
-97.08%
0.36
+74.36%
0.21
0.00
Capital Expenditure
-1.26
+42.17%
-2.18
+29.06%
-3.08
-89.18%
-1.63
Net Business Purchase And Sale
-18.49
-2082.24%
-0.85
0.00
—
Purchase Of Business
-18.49
-2082.24%
-0.85
0.00
—
Financing Cash Flow
29.30
+2097.78%
-1.47
-119.67%
7.46
+1271.99%
-0.64
Cash Flow From Continuing Financing Activities
29.30
+2097.78%
-1.47
-119.67%
7.46
+1271.99%
-0.64
Net Issuance Payments Of Debt
6.27
+371.05%
-2.31
-29.62%
-1.78
-184.69%
-0.63
Issuance Of Debt
6.66
+2287.59%
0.28
+97.48%
0.14
-47.07%
0.27
Repayment Of Debt
-0.39
+84.88%
-2.59
-34.60%
-1.93
-115.47%
-0.89
Long Term Debt Issuance
—
0.28
+97.48%
0.14
-47.07%
0.27
Long Term Debt Payments
-0.19
-42.25%
-0.13
+93.15%
-1.93
-115.47%
-0.89
Net Long Term Debt Issuance
-0.19
-42.25%
-0.13
+92.61%
-1.78
-184.69%
-0.63
Short Term Debt Issuance
6.66
+2287.59%
0.28
—
—
Short Term Debt Payments
-0.20
+91.70%
-2.46
—
—
Net Short Term Debt Issuance
6.46
+396.05%
-2.18
—
—
Net Common Stock Issuance
0.44
-45.71%
0.81
-91.24%
9.20
0.00
Proceeds From Stock Option Exercised
0.02
-55.74%
0.04
-1.74%
0.04
-21.91%
0.05
Net Other Financing Charges
3.90
—
—
-0.06
Changes In Cash
1.23
+133.97%
-3.61
-303.03%
1.78
+322.67%
-0.80
Effect Of Exchange Rate Changes
0.17
+417.65%
-0.05
+62.20%
-0.14
+69.72%
-0.47
Beginning Cash Position
3.48
-51.29%
7.14
+29.71%
5.51
-18.70%
6.77
End Cash Position
4.88
+40.13%
3.48
-51.29%
7.14
+29.71%
5.51
Free Cash Flow
-9.59
-477.32%
-1.66
+71.77%
-5.89
-3522.88%
-0.16
Interest Paid Supplemental Data
0.27
+39.14%
0.20
-11.38%
0.22
+40.89%
0.16
Income Tax Paid Supplemental Data
0.21
+23.53%
0.17
-61.10%
0.43
+60.29%
0.27
Amortization Of Securities
0.07
0.00
—
—
Common Stock Issuance
0.44
-45.71%
0.81
-91.24%
9.20
0.00
Issuance Of Capital Stock
19.11
+2270.33%
0.81
-91.24%
9.20
0.00
Net Preferred Stock Issuance
18.68
0.00
—
—
Preferred Stock Issuance
18.68
0.00
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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