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LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Fundamental Analysis

NASDAQ:LPTH - Nasdaq - US5322578056 - Common Stock - Currency: USD

3.11  -0.09 (-2.81%)

Fundamental Rating

2

LPTH gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and financial health of LPTH have multiple concerns. LPTH is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year LPTH has reported negative net income.
LPTH had a negative operating cash flow in the past year.
In the past 5 years LPTH reported 4 times negative net income.
Of the past 5 years LPTH 4 years had a positive operating cash flow.
LPTH Yearly Net Income VS EBIT VS OCF VS FCFLPTH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M

1.2 Ratios

With a Return On Assets value of -30.60%, LPTH is not doing good in the industry: 79.20% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -49.71%, LPTH is doing worse than 77.60% of the companies in the same industry.
Industry RankSector Rank
ROA -30.6%
ROE -49.71%
ROIC N/A
ROA(3y)-10.4%
ROA(5y)-7.04%
ROE(3y)-16.56%
ROE(5y)-11.33%
ROIC(3y)N/A
ROIC(5y)N/A
LPTH Yearly ROA, ROE, ROICLPTH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

The Gross Margin of LPTH (29.63%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of LPTH has declined.
LPTH does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 29.63%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.03%
GM growth 5Y-6.01%
LPTH Yearly Profit, Operating, Gross MarginsLPTH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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3

2. Health

2.1 Basic Checks

LPTH does not have a ROIC to compare to the WACC, probably because it is not profitable.
LPTH has more shares outstanding than it did 1 year ago.
LPTH has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LPTH has an improved debt to assets ratio.
LPTH Yearly Shares OutstandingLPTH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
LPTH Yearly Total Debt VS Total AssetsLPTH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

2.2 Solvency

LPTH has an Altman-Z score of -0.94. This is a bad value and indicates that LPTH is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -0.94, LPTH is not doing good in the industry: 83.20% of the companies in the same industry are doing better.
LPTH has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
LPTH has a Debt to Equity ratio (0.10) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z -0.94
ROIC/WACCN/A
WACC9.63%
LPTH Yearly LT Debt VS Equity VS FCFLPTH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M

2.3 Liquidity

LPTH has a Current Ratio of 2.30. This indicates that LPTH is financially healthy and has no problem in meeting its short term obligations.
LPTH's Current ratio of 2.30 is in line compared to the rest of the industry. LPTH outperforms 48.00% of its industry peers.
LPTH has a Quick Ratio of 1.26. This is a normal value and indicates that LPTH is financially healthy and should not expect problems in meeting its short term obligations.
LPTH's Quick ratio of 1.26 is on the low side compared to the rest of the industry. LPTH is outperformed by 67.20% of its industry peers.
Industry RankSector Rank
Current Ratio 2.3
Quick Ratio 1.26
LPTH Yearly Current Assets VS Current LiabilitesLPTH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

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4

3. Growth

3.1 Past

The earnings per share for LPTH have decreased strongly by -44.44% in the last year.
Looking at the last year, LPTH shows a small growth in Revenue. The Revenue has grown by 2.60% in the last year.
LPTH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.23% yearly.
EPS 1Y (TTM)-44.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
Revenue 1Y (TTM)2.6%
Revenue growth 3Y-6.21%
Revenue growth 5Y-1.23%
Sales Q2Q%19.06%

3.2 Future

LPTH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.96% yearly.
Based on estimates for the next years, LPTH will show a very strong growth in Revenue. The Revenue will grow by 23.48% on average per year.
EPS Next Y-9.42%
EPS Next 2Y22.44%
EPS Next 3Y26.96%
EPS Next 5YN/A
Revenue Next Year18.5%
Revenue Next 2Y30.86%
Revenue Next 3Y23.48%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
LPTH Yearly Revenue VS EstimatesLPTH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
LPTH Yearly EPS VS EstimatesLPTH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 -0.2

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for LPTH. In the last year negative earnings were reported.
Also next year LPTH is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
LPTH Price Earnings VS Forward Price EarningsLPTH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
LPTH Per share dataLPTH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

LPTH's earnings are expected to grow with 26.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y22.44%
EPS Next 3Y26.96%

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0

5. Dividend

5.1 Amount

No dividends for LPTH!.
Industry RankSector Rank
Dividend Yield N/A

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LIGHTPATH TECHNOLOGIES INC-A

NASDAQ:LPTH (7/25/2025, 1:45:31 PM)

3.11

-0.09 (-2.81%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-15 2025-05-15/amc
Earnings (Next)09-17 2025-09-17/amc
Inst Owners36.07%
Inst Owner Change0.05%
Ins Owners1.5%
Ins Owner Change2.35%
Market Cap133.42M
Analysts83.64
Price Target4.59 (47.59%)
Short Float %0.85%
Short Ratio2.04
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-67.43%
Min EPS beat(2)-76.47%
Max EPS beat(2)-58.38%
EPS beat(4)1
Avg EPS beat(4)-34.83%
Min EPS beat(4)-76.47%
Max EPS beat(4)21.57%
EPS beat(8)1
Avg EPS beat(8)-45.03%
EPS beat(12)3
Avg EPS beat(12)-86.53%
EPS beat(16)5
Avg EPS beat(16)-99.14%
Revenue beat(2)1
Avg Revenue beat(2)-5.33%
Min Revenue beat(2)-12.98%
Max Revenue beat(2)2.31%
Revenue beat(4)2
Avg Revenue beat(4)-2.45%
Min Revenue beat(4)-12.98%
Max Revenue beat(4)2.31%
Revenue beat(8)3
Avg Revenue beat(8)-2.78%
Revenue beat(12)5
Avg Revenue beat(12)-3.83%
Revenue beat(16)6
Avg Revenue beat(16)-4.03%
PT rev (1m)0%
PT rev (3m)5.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10%
EPS NY rev (1m)0%
EPS NY rev (3m)-18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.29%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.97
P/FCF N/A
P/OCF N/A
P/B 2.66
P/tB 7.06
EV/EBITDA N/A
EPS(TTM)-0.26
EYN/A
EPS(NY)-0.11
Fwd EYN/A
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)-0.13
OCFYN/A
SpS0.78
BVpS1.17
TBVpS0.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -30.6%
ROE -49.71%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 29.63%
FCFM N/A
ROA(3y)-10.4%
ROA(5y)-7.04%
ROE(3y)-16.56%
ROE(5y)-11.33%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.03%
GM growth 5Y-6.01%
F-Score3
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 19.71%
Cap/Sales 2.59%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.3
Quick Ratio 1.26
Altman-Z -0.94
F-Score3
WACC9.63%
ROIC/WACCN/A
Cap/Depr(3y)65.37%
Cap/Depr(5y)71.5%
Cap/Sales(3y)6.94%
Cap/Sales(5y)7.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-44.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
EPS Next Y-9.42%
EPS Next 2Y22.44%
EPS Next 3Y26.96%
EPS Next 5YN/A
Revenue 1Y (TTM)2.6%
Revenue growth 3Y-6.21%
Revenue growth 5Y-1.23%
Sales Q2Q%19.06%
Revenue Next Year18.5%
Revenue Next 2Y30.86%
Revenue Next 3Y23.48%
Revenue Next 5YN/A
EBIT growth 1Y-43.29%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year57.24%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-184.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3058.68%
OCF growth 3Y-52.06%
OCF growth 5Y4.91%