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LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Fundamental Analysis

USA - NASDAQ:LPTH - US5322578056 - Common Stock

7.77 USD
-0.4 (-4.9%)
Last: 10/3/2025, 8:00:00 PM
7.9 USD
+0.13 (+1.67%)
After Hours: 10/3/2025, 8:00:00 PM
Fundamental Rating

2

Taking everything into account, LPTH scores 2 out of 10 in our fundamental rating. LPTH was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. LPTH scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. LPTH does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

LPTH had negative earnings in the past year.
LPTH had a negative operating cash flow in the past year.
LPTH had negative earnings in each of the past 5 years.
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 0 5M -5M

1.2 Ratios

The Return On Assets of LPTH (-30.60%) is worse than 77.42% of its industry peers.
LPTH has a Return On Equity of -49.71%. This is in the lower half of the industry: LPTH underperforms 76.61% of its industry peers.
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 has a Gross Margin (29.63%) which is in line with its industry peers.
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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4

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

An Altman-Z score of 3.08 indicates that LPTH is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.08, LPTH perfoms like the industry average, outperforming 42.74% of the companies in the same industry.
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 3.08
ROIC/WACCN/A
WACC9.5%
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

A Current Ratio of 2.30 indicates that LPTH has no problem at all paying its short term obligations.
With a Current ratio value of 2.30, LPTH perfoms like the industry average, outperforming 49.19% of the companies in the same industry.
A Quick Ratio of 1.26 indicates that LPTH should not have too much problems paying its short term obligations.
The Quick ratio of LPTH (1.26) is worse than 66.13% 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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3

3. Growth

3.1 Past

LPTH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -63.64%.
EPS 1Y (TTM)-63.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%41.41%

3.2 Future

The Earnings Per Share is expected to grow by 42.42% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 39.35% on average over the next years. This is a very strong growth
EPS Next Y71.67%
EPS Next 2Y42.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year58.19%
Revenue Next 2Y39.35%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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.
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

A more expensive valuation may be justified as LPTH's earnings are expected to grow with 42.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y42.42%
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 (10/3/2025, 8:00:00 PM)

After market: 7.9 +0.13 (+1.67%)

7.77

-0.4 (-4.9%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)09-25 2025-09-25/amc
Earnings (Next)11-05 2025-11-05
Inst Owners31.28%
Inst Owner Change0%
Ins Owners1.49%
Ins Owner Change0%
Market Cap347.09M
Analysts84
Price Target7.91 (1.8%)
Short Float %1.61%
Short Ratio0.52
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)72.22%
PT rev (3m)72.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 10.32
P/FCF N/A
P/OCF N/A
P/B 6.92
P/tB 18.36
EV/EBITDA N/A
EPS(TTM)-0.36
EYN/A
EPS(NY)-0.1
Fwd EYN/A
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)-0.13
OCFYN/A
SpS0.75
BVpS1.12
TBVpS0.42
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 3.08
F-Score3
WACC9.5%
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)-63.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.67%
EPS Next Y71.67%
EPS Next 2Y42.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%41.41%
Revenue Next Year58.19%
Revenue Next 2Y39.35%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-43.29%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year39.02%
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%