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LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:LPTH - US5322578056 - Common Stock

8.8842 USD
+0.14 (+1.65%)
Last: 12/9/2025, 2:40:58 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to LPTH. LPTH was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. LPTH has a bad profitability rating. Also its financial health evaluation is rather negative. LPTH is valied quite expensively at the moment, while 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 always reported negative net income.
In multiple years LPTH reported negative operating cash flow during the last 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 2025 0 -10M -20M

1.2 Ratios

Looking at the Return On Assets, with a value of -35.41%, LPTH is doing worse than 77.60% of the companies in the same industry.
LPTH has a worse Return On Equity (-55.50%) than 76.00% of its industry peers.
Industry RankSector Rank
ROA -35.41%
ROE -55.5%
ROIC N/A
ROA(3y)-20.19%
ROA(5y)-14.68%
ROE(3y)-32.39%
ROE(5y)-23.71%
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 2025 0 20 -20 -40

1.3 Margins

The Gross Margin of LPTH (26.83%) is comparable to the rest of the industry.
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 26.83%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.41%
GM growth 5Y-7.21%
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 2025 0 20 -20 40 -40 -60

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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.
Compared to 1 year ago, LPTH has more shares outstanding
LPTH has more shares outstanding than it did 5 years ago.
LPTH has a worse debt/assets ratio than last year.
LPTH Yearly Shares OutstandingLPTH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
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 2025 20M 40M 60M 80M

2.2 Solvency

LPTH has an Altman-Z score of 4.05. This indicates that LPTH is financially healthy and has little risk of bankruptcy at the moment.
LPTH has a Altman-Z score (4.05) which is comparable to the rest of the industry.
LPTH has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
LPTH has a Debt to Equity ratio (0.09) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF N/A
Altman-Z 4.05
ROIC/WACCN/A
WACC8.97%
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 2025 0 10M 20M 30M 40M

2.3 Liquidity

A Current Ratio of 1.98 indicates that LPTH should not have too much problems paying its short term obligations.
With a Current ratio value of 1.98, LPTH is not doing good in the industry: 62.40% of the companies in the same industry are doing better.
A Quick Ratio of 1.26 indicates that LPTH should not have too much problems paying its short term obligations.
LPTH has a worse Quick ratio (1.26) than 66.40% of its industry peers.
Industry RankSector Rank
Current Ratio 1.98
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 2025 5M 10M 15M 20M 25M

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6

3. Growth

3.1 Past

LPTH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -77.27%.
Looking at the last year, LPTH shows a very strong growth in Revenue. The Revenue has grown by 36.85%.
The Revenue has been growing slightly by 1.25% on average over the past years.
EPS 1Y (TTM)-77.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75%
Revenue 1Y (TTM)36.85%
Revenue growth 3Y1.52%
Revenue growth 5Y1.25%
Sales Q2Q%79.25%

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 40.16% on average per year.
LPTH is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 42.51% yearly.
EPS Next Y66%
EPS Next 2Y40.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year66.35%
Revenue Next 2Y42.51%
Revenue Next 3YN/A
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 2027 0 0.1 -0.1 -0.2 -0.3

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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 -200 -400 -600

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 40.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.16%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

LPTH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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LIGHTPATH TECHNOLOGIES INC-A

NASDAQ:LPTH (12/9/2025, 2:40:58 PM)

8.8842

+0.14 (+1.65%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-11 2025-11-11/amc
Earnings (Next)02-11 2026-02-11
Inst Owners45.17%
Inst Owner Change30.23%
Ins Owners1.6%
Ins Owner Change1.36%
Market Cap403.61M
Revenue(TTM)43.86M
Net Income(TTM)-30.89M
Analysts84
Price Target10.71 (20.55%)
Short Float %4.59%
Short Ratio1.11
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)-135.44%
Min EPS beat(2)-256.51%
Max EPS beat(2)-14.38%
EPS beat(4)0
Avg EPS beat(4)-101.43%
Min EPS beat(4)-256.51%
Max EPS beat(4)-14.38%
EPS beat(8)1
Avg EPS beat(8)-63.04%
EPS beat(12)3
Avg EPS beat(12)-47.83%
EPS beat(16)4
Avg EPS beat(16)-91.8%
Revenue beat(2)1
Avg Revenue beat(2)7.36%
Min Revenue beat(2)-1.9%
Max Revenue beat(2)16.61%
Revenue beat(4)2
Avg Revenue beat(4)1.01%
Min Revenue beat(4)-12.98%
Max Revenue beat(4)16.61%
Revenue beat(8)3
Avg Revenue beat(8)-0.8%
Revenue beat(12)6
Avg Revenue beat(12)-0.22%
Revenue beat(16)6
Avg Revenue beat(16)-3.23%
PT rev (1m)21.74%
PT rev (3m)105.88%
EPS NQ rev (1m)30.76%
EPS NQ rev (3m)-20%
EPS NY rev (1m)25%
EPS NY rev (3m)-11.11%
Revenue NQ rev (1m)5.02%
Revenue NQ rev (3m)9.3%
Revenue NY rev (1m)4.64%
Revenue NY rev (3m)15.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 9.2
P/FCF N/A
P/OCF N/A
P/B 7.25
P/tB 15.3
EV/EBITDA N/A
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)-0.2
FCFYN/A
OCF(TTM)-0.17
OCFYN/A
SpS0.97
BVpS1.23
TBVpS0.58
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -35.41%
ROE -55.5%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 26.83%
FCFM N/A
ROA(3y)-20.19%
ROA(5y)-14.68%
ROE(3y)-32.39%
ROE(5y)-23.71%
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
ROICexgc growth 3YN/A
ROICexgc 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-6.41%
GM growth 5Y-7.21%
F-Score2
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 28.77%
Cap/Sales 2.87%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.98
Quick Ratio 1.26
Altman-Z 4.05
F-Score2
WACC8.97%
ROIC/WACCN/A
Cap/Depr(3y)60.5%
Cap/Depr(5y)63.31%
Cap/Sales(3y)6.54%
Cap/Sales(5y)6.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-77.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75%
EPS Next Y66%
EPS Next 2Y40.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)36.85%
Revenue growth 3Y1.52%
Revenue growth 5Y1.25%
Sales Q2Q%79.25%
Revenue Next Year66.35%
Revenue Next 2Y42.51%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-66.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year112.24%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-79.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-522.56%
OCF growth 3YN/A
OCF growth 5YN/A

LIGHTPATH TECHNOLOGIES INC-A / LPTH FAQ

What is the ChartMill fundamental rating of LIGHTPATH TECHNOLOGIES INC-A (LPTH) stock?

ChartMill assigns a fundamental rating of 3 / 10 to LPTH.


What is the valuation status for LPTH stock?

ChartMill assigns a valuation rating of 1 / 10 to LIGHTPATH TECHNOLOGIES INC-A (LPTH). This can be considered as Overvalued.


What is the profitability of LPTH stock?

LIGHTPATH TECHNOLOGIES INC-A (LPTH) has a profitability rating of 1 / 10.


How financially healthy is LIGHTPATH TECHNOLOGIES INC-A?

The financial health rating of LIGHTPATH TECHNOLOGIES INC-A (LPTH) is 3 / 10.