LIGHTPATH TECHNOLOGIES INC-A (LPTH) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:LPTH • US5322578056

9.305 USD
-1.59 (-14.55%)
Last: Feb 4, 2026, 12:14 PM
Fundamental Rating

3

Taking everything into account, LPTH scores 3 out of 10 in our fundamental rating. LPTH was compared to 123 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

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10M -20M

1.2 Ratios

  • LPTH has a worse Return On Assets (-35.41%) than 76.42% of its industry peers.
  • The Return On Equity of LPTH (-55.50%) is worse than 76.42% 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • LPTH's Gross Margin of 26.83% is in line compared to the rest of the industry. LPTH outperforms 43.09% of 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 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 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.
  • LPTH has more shares outstanding than it did 1 year ago.
  • 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M

2.2 Solvency

  • LPTH has an Altman-Z score of 5.90. This indicates that LPTH is financially healthy and has little risk of bankruptcy at the moment.
  • LPTH has a better Altman-Z score (5.90) than 78.86% of its industry peers.
  • LPTH has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
  • LPTH's Debt to Equity ratio of 0.09 is in line compared to the rest of the industry. LPTH outperforms 54.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF N/A
Altman-Z 5.9
ROIC/WACCN/A
WACC15.82%
LPTH Yearly LT Debt VS Equity VS FCFLPTH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10M 20M 30M 40M

2.3 Liquidity

  • LPTH has a Current Ratio of 1.98. 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 worse Current ratio (1.98) than 60.98% 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.
  • Looking at the Quick ratio, with a value of 1.26, LPTH is doing worse than 65.85% of the companies in the same industry.
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 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

  • The earnings per share for LPTH have decreased strongly by -77.27% in the last year.
  • LPTH shows a strong growth in Revenue. In the last year, the Revenue has grown by 36.85%.
  • Measured over the past years, LPTH shows a small growth in Revenue. The Revenue has been growing by 1.25% on average per year.
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

  • The Earnings Per Share is expected to grow by 40.92% on average over the next years. This is a very strong growth
  • LPTH is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 43.17% yearly.
EPS Next Y55.61%
EPS Next 2Y40.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year65.53%
Revenue Next 2Y43.17%
Revenue Next 3YN/A
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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 -0.2 -0.3

More info and screens

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 -500 -1K -1.5K

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 40.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.92%
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 0%

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LIGHTPATH TECHNOLOGIES INC-A

NASDAQ:LPTH (2/4/2026, 12:14:06 PM)

9.305

-1.59 (-14.55%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-11
Earnings (Next)02-05
Inst Owners38.99%
Inst Owner Change2.38%
Ins Owners1.34%
Ins Owner Change1.13%
Market Cap422.73M
Revenue(TTM)43.86M
Net Income(TTM)-30.89M
Analysts84
Price Target11.73 (26.06%)
Short Float %4.89%
Short Ratio0.91
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)9.52%
PT rev (3m)33.33%
EPS NQ rev (1m)-31.23%
EPS NQ rev (3m)19.22%
EPS NY rev (1m)-30.56%
EPS NY rev (3m)2.08%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)5.09%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)4.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 9.64
P/FCF N/A
P/OCF N/A
P/B 7.59
P/tB 16.03
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 5.9
F-Score2
WACC15.82%
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 Y55.61%
EPS Next 2Y40.92%
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 Year65.53%
Revenue Next 2Y43.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-66.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year109.43%
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 of LIGHTPATH TECHNOLOGIES INC-A (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.