LPTH Stock Analysis: LightPath Technologies | NASDAQ
Electronic Components | NASDAQ, USA | Market Cap: 820m USD | 12M Return: 316.8% | US5322578056 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.9M
Qual. Beats: 0
Rev. Trend: 78.5%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
LightPath Technologies, Inc. (LPTH) is a U.S.-based designer, developer, manufacturer, and distributor of optical systems and assemblies headquartered in Orlando, Florida, and founded in 1985. Its product portfolio spans precision molded glass aspheric optics, infrared aspheric lenses (both molded and diamond-turned), spherical lenses, cooled and uncooled camera systems, and related engineering services. The company sells directly to customers in Europe and Asia in addition to the domestic market.
LPTH serves a diverse set of end markets, including defense, border and perimeter security, night vision systems, medical devices, laser-aided industrial tools, automotive safety applications, telecommunications, and machine vision and sensors. Aspheric optics, a core offering, allow optical systems to achieve equivalent focusing performance with fewer lenses than traditional spherical designs, which is relevant for compact applications in defense, medical, and industrial imaging equipment. The company is classified within the Electronic Equipment & Instruments sub-industry of the Information Technology sector and trades as a small-cap on NASDAQ following its 1996 IPO.
- Defense budget growth boosts infrared optics order book
- G5 Infrared acquisition expands cooled camera product revenue
- Chinese competitors undercut pricing in molded glass optics
| Net Income: -23.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA 0.83 > 1.0 |
| NWC/Revenue: 97.93% < 20% (prev 47.14%; Δ 50.80% < -1%) |
| CFO/TA -0.05 > 3% & CFO -7.77m > Net Income -23.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.6m) vs 12m ago 41.74% < -2% |
| Gross Margin: 32.10% > 18% (prev 29.63%; Δ 2.47% > 0.5%) |
| Asset Turnover: 55.63% > 50% (prev 41.30%; Δ 14.33% > 0%) |
| Interest Coverage Ratio: -12.69 > 6 (EBIT TTM -14.5m / Interest Expense TTM 1.14m) |
| A: 0.43 (Total Current Assets 83.0m - Total Current Liabilities 21.5m) / Total Assets 144.3m |
| B: -1.71 (Retained Earnings -247.1m / Total Assets 144.3m) |
| C: -0.13 (EBIT TTM -14.5m / Avg Total Assets 112.8m) |
| D: 3.60 (Book Value of Equity 112.9m / Total Liabilities 31.4m) |
| Altman-Z'' = 0.13 = B |
| DSRI: 0.76 (Receivables 10.8m/7.65m, Revenue 62.8m/33.6m) |
| GMI: 0.92 (GM 29.63% / 32.10%) |
| AQI: 0.67 (AQ_t 0.26 / AQ_t-1 0.39) |
| SGI: 1.87 (Revenue 62.8m / 33.6m) |
| TATA: -0.11 (NI -23.5m - CFO -7.77m) / TA 144.3m) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of August 15, 2026, the stock is trading at USD 15.17 with a total of 6,108,659 shares traded. Over the past week, the price has changed by +16.16%, over one month by +31.68%, over three months by +24.86% and over the past year by +316.76%.
Current recommended Stop Loss: 13.70 (which is 9.7% or 1.3 ATR below the current price).
LightPath Technologies has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy LPTH.
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 16 | 5.3% |
P/E Forward = 217.3913
P/S = 13.0641
P/B = 9.2081
P/EG = 1.5411
Revenue TTM = 62.8m USD
EBIT TTM = -14.5m USD
EBITDA TTM = -9.94m USD
Long Term Debt = 104k USD (from longTermDebt, last quarter)
Short Term Debt = 1.56m USD (from shortTermDebt, last quarter)
Debt = 11.3m USD (from shortLongTermDebtTotal, last quarter) (leases 11.1m already included)
Net Debt = -43.9m USD (calculated: Debt 11.3m - CCE 55.2m)
Enterprise Value = 776.1m USD (820.0m + Debt 11.3m - CCE 55.2m)
Interest Coverage Ratio = -12.69 (Ebit TTM -14.5m / Interest Expense TTM 1.14m)
EV/FCF = -75.41x (Enterprise Value 776.1m / FCF TTM -10.3m)
FCF Yield = -1.33% (FCF TTM -10.3m / Enterprise Value 776.1m)
FCF Margin = -16.40% (FCF TTM -10.3m / Revenue TTM 62.8m)
Net Margin = -37.38% (Net Income TTM -23.5m / Revenue TTM 62.8m)
Gross Margin = 32.10% ((Revenue TTM 62.8m - Cost of Revenue TTM 42.6m) / Revenue TTM)
Gross Margin QoQ = 36.33% (prev 36.82%)
Tobins Q-Ratio = 5.38 (Enterprise Value 776.1m / Total Assets 144.3m)
Interest Expense / Debt = 10.05% (Interest Expense 1.14m / Debt 11.3m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -11.4m (EBIT -14.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.86 (Total Current Assets 83.0m / Total Current Liabilities 21.5m)
Debt / Equity = 0.10 (Debt 11.3m / totalStockholderEquity, last quarter 112.9m)
Debt / EBITDA = 4.42 (negative EBITDA) (Net Debt -43.9m / EBITDA -9.94m)
Debt / FCF = 4.27 (negative FCF - burning cash) (Net Debt -43.9m / FCF TTM -10.3m)
Total Stockholder Equity = 57.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -20.79% (Net Income -23.5m / Total Assets 144.3m)
RoE = -41.18% (Net Income TTM -23.5m / Total Stockholder Equity 57.0m)
RoCE = -25.32% (EBIT -14.5m / Capital Employed (Equity 57.0m + L.T.Debt 104k))
RoIC = -9.42% (negative operating profit) (NOPAT -11.4m / Invested Capital 121.2m)
WACC = 14.74% (E(820.0m)/V(831.4m) * Re(14.83%) + D(11.3m)/V(831.4m) * Rd(10.05%) * (1-Tc(0.21)))
Discount Rate = 14.83% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 83.60 | Cagr: 21.97%
[DCF] Fair Price = unknown (Cash Flow -10.3m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.51 | # QB: 0
Revenue Correlation: 78.45 | Revenue CAGR: 21.73% | SUE: 2.04 | # QB: 3
EPS current Quarter (2026-09-30): EPS=0.03 | Chg30d=N/A | Revisions=+25% | Analysts=1
EPS current Year (2026-06-30): EPS=-0.03 | Chg30d=N/A | Revisions=+25% | GrowthEPS=+88.2% | GrowthRev=+91.5%
EPS next Year (2027-06-30): EPS=0.13 | Chg30d=+44.44% | Revisions=+25% | GrowthEPS=+533.3% | GrowthRev=+47.8%