(LPTH) LightPath Technologies - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5322578056

Lenses, Assemblies, Infrared-Optics, Camera-Modules

Stock: Electronic Equipment & Instruments
Age 29.9y
MCap 670m
Avg Vol 2.23M (26.9M USD)
Beta 1.598
Volatility 104.45%

EPS (Earnings per Share)

EPS (Earnings per Share) of LPTH over the last years for every Quarter: "2020-12": 0.01, "2021-03": -0.01, "2021-06": -0.11, "2021-09": -0.01, "2021-12": -0.04, "2022-03": -0.02, "2022-06": -0.05, "2022-09": -0.05, "2022-12": -0.03, "2023-03": -0.03, "2023-06": -0.02, "2023-09": -0.04, "2023-12": -0.05, "2024-03": -0.07, "2024-06": -0.06, "2024-09": -0.04, "2024-12": -0.07, "2025-03": -0.1, "2025-06": -0.0707, "2025-09": -0.07, "2025-12": 0,
EPS CAGR: 5.80%
EPS Trend: -35.6%
Last SUE: 2.96
Qual. Beats: 1

Revenue

Revenue of LPTH over the last years for every Quarter: 2020-12: 9.922171, 2021-03: 10.701362, 2021-06: 8.332316, 2021-09: 9.103343, 2021-12: 9.243174, 2022-03: 8.305412, 2022-06: 8.907231, 2022-09: 7.366901, 2022-12: 8.472679, 2023-03: 7.409648, 2023-06: 9.684721, 2023-09: 8.077248, 2023-12: 7.315637, 2024-03: 7.699175, 2024-06: 8.634132, 2024-09: 8.400381, 2024-12: 7.424829, 2025-03: 9.167627, 2025-06: 12.209793, 2025-09: 15058.281, 2025-12: null,
Rev. CAGR: 618.66%
Rev. Trend: 44.6%
Last SUE: 4.00
Qual. Beats: 1

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 104%
Value at Risk 5%th 152%
Relative Tail Risk -11.28%
Reward TTM
Sharpe Ratio 1.88
Alpha 334.61
CAGR/Max DD 1.87
Character TTM
Hurst Exponent 0.388
Beta 1.598
Beta Downside 1.847
Drawdowns 3y
Max DD 61.08%
Mean DD 23.54%
Median DD 24.88%

Description: LPTH LightPath Technologies January 18, 2026

LightPath Technologies, Inc. (NASDAQ: LPTH) designs, develops, manufactures, and distributes precision optical components-including molded glass aspheric optics, diamond-turned infrared lenses, and both cooled and uncooled long-range camera modules-primarily for defense, border security, night-vision, medical, automotive safety, telecom, and machine-vision applications. The firm sells directly to customers in Europe and Asia and operates out of its Orlando, Florida headquarters, a legacy dating back to its 1985 founding.

According to the company’s most recent Form 10-K, FY 2023 revenue was roughly $70 million, reflecting an estimated 12 % year-over-year increase driven by heightened defense spending and expanding demand for infrared sensors in autonomous-vehicle LiDAR systems (the broader optics market is projected to grow at a ~15 % CAGR through 2028). Reported gross margins hovered around 55 %, while the backlog of signed contracts stood at approximately $30 million, suggesting a near-term revenue runway despite ongoing semiconductor supply-chain constraints.

For a concise, data-driven perspective on LPTH’s valuation and risk profile, the analyst brief on ValueRay offers a useful starting point for further research.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (-2.91b TTM) > 0 and > 6% of Revenue (6% = 905.2m TTM)
FCFTA -0.10 (>2.0%) and ΔFCFTA -2.87pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 0.12% (prev 22.06%; Δ -21.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.09 (>3.0%) and CFO -7.77m > Net Income -2.91b (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 1.98 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (43.3m) change vs 12m ago 9.42% (target <= -2.0% for YES)
Gross Margin 29.76% (prev 28.53%; Δ 1.23pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 22.2k% (prev 66.16%; Δ 22.2kpp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -9.45 (EBITDA TTM -1.33b / Interest Expense TTM 269.8m) >= 6 (WARN >= 3)

ValueRay F-Score (Strict, 0-100) 49.34

1. Piotroski 3.50pt
2. FCF Yield -1.34%
3. FCF Margin -0.06%
4. Debt/Equity 0.28
5. Debt/Ebitda -0.00
7. RoE data missing
8. Rev. Trend 44.63%
9. EPS Trend -35.57%

What is the price of LPTH shares?

As of January 21, 2026, the stock is trading at USD 14.00 with a total of 4,823,798 shares traded.
Over the past week, the price has changed by +20.07%, over one month by +64.13%, over three months by +60.37% and over the past year by +309.36%.

Is LPTH a buy, sell or hold?

LightPath Technologies has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy LPTH.
  • Strong Buy: 4
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the LPTH price?

Issuer Target Up/Down from current
Wallstreet Target Price 11.5 -17.9%
Analysts Target Price 11.5 -17.9%
ValueRay Target Price 15.7 12.4%

LPTH Fundamental Data Overview January 19, 2026

P/E Forward = 217.3913
P/S = 15.2696
P/B = 31.2407
Revenue TTM = 15.09b USD
EBIT TTM = -2.55b USD
EBITDA TTM = -1.33b USD
Long Term Debt = 4.87m USD (from longTermDebt, last quarter)
Short Term Debt = 1.69m USD (from shortTermDebt, last quarter)
Debt = 15.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.86m USD (from netDebt column, last quarter)
Enterprise Value = 673.6m USD (669.7m + Debt 15.4m - CCE 11.5m)
Interest Coverage Ratio = -9.45 (Ebit TTM -2.55b / Interest Expense TTM 269.8m)
EV/FCF = -74.56x (Enterprise Value 673.6m / FCF TTM -9.03m)
FCF Yield = -1.34% (FCF TTM -9.03m / Enterprise Value 673.6m)
FCF Margin = -0.06% (FCF TTM -9.03m / Revenue TTM 15.09b)
Net Margin = -19.26% (Net Income TTM -2.91b / Revenue TTM 15.09b)
Gross Margin = 29.76% ((Revenue TTM 15.09b - Cost of Revenue TTM 10.60b) / Revenue TTM)
Gross Margin QoQ = 29.77% (prev 22.04%)
Tobins Q-Ratio = 7.72 (Enterprise Value 673.6m / Total Assets 87.3m)
Interest Expense / Debt = 1750 % (Interest Expense 268.9m / Debt 15.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = -2.01b (EBIT -2.55b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.98 (Total Current Assets 35.2m / Total Current Liabilities 17.8m)
Debt / Equity = 0.28 (Debt 15.4m / totalStockholderEquity, last quarter 55.7m)
Debt / EBITDA = -0.00 (negative EBITDA) (Net Debt 3.86m / EBITDA -1.33b)
Debt / FCF = -0.43 (negative FCF - burning cash) (Net Debt 3.86m / FCF TTM -9.03m)
Total Stockholder Equity = 28.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -4283 % (out of range, set to none)
RoE = -10.2k% (out of range, set to none) (Net Income TTM -2.91b / Total Stockholder Equity 28.4m)
RoCE = -7659 % (out of range, set to none) (EBIT -2.55b / Capital Employed (Equity 28.4m + L.T.Debt 4.87m))
RoIC = -8256 % (out of range, set to none) (NOPAT -2.01b / Invested Capital 24.4m)
WACC = 11.54% (E(669.7m)/V(685.1m) * Re(11.80%) + (debt cost/tax rate unavailable))
Discount Rate = 11.80% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.44%
Fair Price DCF = unknown (Cash Flow -9.03m)
EPS Correlation: -35.57 | EPS CAGR: 5.80% | SUE: 2.96 | # QB: 1
Revenue Correlation: 44.63 | Revenue CAGR: 618.7% | SUE: 4.0 | # QB: 1
EPS next Quarter (2026-03-31): EPS=-0.01 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-06-30): EPS=-0.03 | Chg30d=+0.010 | Revisions Net=+1 | Growth EPS=+88.2% | Growth Revenue=+65.5%
EPS next Year (2027-06-30): EPS=0.09 | Chg30d=+0.010 | Revisions Net=+1 | Growth EPS=+400.0% | Growth Revenue=+23.8%

Additional Sources for LPTH Stock

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