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LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Fundamental Analysis

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

2.98  -0.12 (-3.87%)

Fundamental Rating

2

Taking everything into account, LPTH scores 2 out of 10 in our fundamental rating. LPTH was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and financial health of LPTH have multiple concerns. While showing a medium growth rate, LPTH is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

LPTH had negative earnings in the past year.
In the past year LPTH has reported a negative cash flow from operations.
LPTH had negative earnings in 4 of the past 5 years.
LPTH had a positive operating cash flow in 4 of the past 5 years.
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

LPTH has a worse Return On Assets (-30.60%) than 79.20% of its industry peers.
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

LPTH's Gross Margin of 29.63% is in line compared to the rest of the industry. LPTH outperforms 47.20% of its industry peers.
LPTH's Gross Margin has declined in the last couple of years.
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.
The number of shares outstanding for LPTH has been increased compared to 1 year ago.
Compared to 5 years ago, LPTH has more shares outstanding
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

Based on the Altman-Z score of -1.02, we must say that LPTH is in the distress zone and has some risk of bankruptcy.
LPTH's Altman-Z score of -1.02 is on the low side compared to the rest of the industry. LPTH is outperformed by 83.20% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that LPTH is not too dependend on debt financing.
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 -1.02
ROIC/WACCN/A
WACC9.02%
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 has a Current ratio of 2.30. This is comparable to the rest of the industry: LPTH outperforms 47.20% 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 has a Quick ratio of 1.26. This is in the lower half of the industry: LPTH underperforms 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

LPTH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -44.44%.
Looking at the last year, LPTH shows a small growth in Revenue. The Revenue has grown by 2.60% in the last year.
The Revenue has been decreasing by -1.23% on average over the past years.
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

Based on estimates for the next years, LPTH will show a very strong growth in Earnings Per Share. The EPS will grow by 24.57% on average per year.
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 Y7.27%
EPS Next 2Y24.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year18.5%
Revenue Next 2Y30.86%
Revenue Next 3Y23.48%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 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.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for LPTH. No positive earnings are expected for the next year.
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

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 24.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.57%
EPS Next 3YN/A

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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 (6/16/2025, 4:04:13 PM)

2.98

-0.12 (-3.87%)

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 Change-1.08%
Ins Owners1.5%
Ins Owner Change2.35%
Market Cap127.84M
Analysts83.64
Price Target4.59 (54.03%)
Short Float %0.83%
Short Ratio2.38
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)5.88%
PT rev (3m)5.88%
EPS NQ rev (1m)-10%
EPS NQ rev (3m)-10%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.09%
Revenue NQ rev (1m)3.82%
Revenue NQ rev (3m)3.82%
Revenue NY rev (1m)2.29%
Revenue NY rev (3m)2.29%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.8
P/FCF N/A
P/OCF N/A
P/B 2.55
P/tB 6.76
EV/EBITDA N/A
EPS(TTM)-0.26
EYN/A
EPS(NY)-0.1
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 -1.02
F-Score3
WACC9.02%
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 Y7.27%
EPS Next 2Y24.57%
EPS Next 3YN/A
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%