Symbols / LPTH
LPTH Chart
About
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical systems and assemblies in the United States. It offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, spherical lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics. The company also offers cooled and uncooled camera systems and modules for long range surveillance and detection, and engineering services. The company's products are used in defense products, border security, perimeter security, night vision systems, medical devices, laser aided industrial tools, automotive safety applications, telecommunications, machine vision and sensors, and other sectors. It sells its products directly to customers in Europe and Asia. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Electronic Components | Market Cap | 691.93M |
| Enterprise Value | 662.85M | Income | -22.94M | Sales | 52.79M |
| Book/sh | 1.43 | Cash/sh | 1.27 | Dividend Yield | — |
| Payout | 0.00% | Employees | 345 | IPO | — |
| P/E | — | Forward P/E | 92.23 | PEG | — |
| P/S | 13.11 | P/B | 8.37 | P/C | — |
| EV/EBITDA | -234.41 | EV/Sales | 12.56 | Quick Ratio | 3.36 |
| Current Ratio | 3.97 | Debt/Eq | 9.15 | LT Debt/Eq | — |
| EPS (ttm) | -0.52 | EPS next Y | 0.13 | EPS Growth | — |
| Revenue Growth | 120.20% | Earnings | 2026-05-14 | ROA | -4.85% |
| ROE | -33.03% | ROIC | — | Gross Margin | 30.04% |
| Oper. Margin | -6.35% | Profit Margin | -43.45% | Shs Outstand | 57.71M |
| Shs Float | 44.28M | Short Float | 5.27% | Short Ratio | 0.79 |
| Short Interest | — | 52W High | 15.24 | 52W Low | 1.61 |
| Beta | 0.98 | Avg Volume | 2.56M | Volume | 2.91M |
| Target Price | $15.10 | Recom | Strong_buy | Prev Close | $11.20 |
| Price | $11.99 | Change | 7.05% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$15.10
Mean price target
2. Current target
$11.99
Latest analyst target
3. DCF / Fair value
$1.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.99
Low
$14.00
High
$17.00
Mean
$15.10
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-12 | main | HC Wainwright & Co. | Buy → Buy | $15 |
| 2026-01-06 | main | Lake Street | Buy → Buy | $14 |
| 2025-11-12 | main | Ladenburg Thalmann | Buy → Buy | $11 |
| 2025-11-12 | main | Lake Street | Buy → Buy | $10 |
| 2025-11-12 | main | HC Wainwright & Co. | Buy → Buy | $10 |
| 2025-09-26 | main | Lake Street | Buy → Buy | $8 |
| 2025-09-26 | main | HC Wainwright & Co. | Buy → Buy | $8 |
| 2025-09-04 | main | HC Wainwright & Co. | Buy → Buy | $7 |
| 2025-08-28 | main | HC Wainwright & Co. | Buy → Buy | $6 |
| 2025-05-19 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-02-27 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-02-18 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-01-03 | main | HC Wainwright & Co. | Buy → Buy | $5 |
| 2025-01-02 | main | Ladenburg Thalmann | Buy → Buy | $5 |
| 2024-12-27 | main | Lake Street | Buy → Buy | $4 |
| 2024-09-20 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
| 2024-05-10 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
| 2024-01-18 | init | Lake Street | — → Buy | $3 |
| 2023-09-19 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
| 2023-05-15 | reit | HC Wainwright & Co. | Buy → Buy | $3 |
- LightPath Technologies (NASDAQ:LPTH) Director Sells $7,462,529.69 in Stock - MarketBeat Wed, 25 Feb 2026 04
- Lightpath Technologies: North Run Strategic sells $9.1m in LPTH stock - Investing.com South Africa Wed, 25 Feb 2026 03
- $LPTH stock is down 9% today. Here's what we see in our data. - Quiver Quantitative Fri, 23 Jan 2026 08
- LightPath Technologies(LPTH.US) 10% Shareholder Sells US$9.12 Million in Common Stock - 富途牛牛 Wed, 25 Feb 2026 06
- LightPath Technologies, Inc. Announces Pricing of $60 Million Public Offering of Common Stock - PR Newswire Fri, 12 Dec 2025 08
- LightPath Technologies: A Strong Quarter, But Valuation Leaves Little Room For Error - Seeking Alpha Mon, 23 Feb 2026 08
- LightPath Technologies (NASDAQ:LPTH) Director Run Strategic Opportunit North Sells 131,281 Shares - MarketBeat Wed, 25 Feb 2026 04
- LightPath Technologies Stock Pre-Market (-2.6%): Conference Participation Announcement - Trefis Sat, 24 Jan 2026 08
- LightPath Technologies (NASDAQ: LPTH) plans underwritten common stock offering - Stock Titan hu, 11 Dec 2025 08
- Why LightPath Technologies Stock Flashed Green Today - Yahoo Finance Fri, 26 Sep 2025 07
- Insider Selling: LightPath Technologies (NASDAQ:LPTH) Director Sells 6,500 Shares of Stock - MarketBeat Wed, 25 Feb 2026 04
- $LPTH stock is up 18% today. Here's what we see in our data. - Quiver Quantitative hu, 12 Feb 2026 19
- LightPath Technologies: Still Growing, But Valuation And Technical Concerns Loom - Seeking Alpha Wed, 18 Feb 2026 03
- $LPTH stock is down 17% today. Here's what we see in our data. - Quiver Quantitative Wed, 04 Feb 2026 08
- LightPath Announces $8.0 Million Strategic Investment from Ondas Holdings and Unusual Machines - PR Newswire Mon, 15 Sep 2025 07
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 29011 | — | — | RUBIN SHMUEL | Chief Executive Officer | — | 2026-02-02 00:00:00 | D | nan |
| 1 | 12103 | — | — | MIRANDA ALBERT | Chief Financial Officer | — | 2026-02-02 00:00:00 | D | nan |
| 2 | 770321 | — | Sale at price 11.72 per share. | NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. | Beneficial Owner of more than 10% of a Class of Security | — | 2026-01-05 00:00:00 | I | 9028162.0 |
| 3 | 3499289 | — | Conversion of Exercise of derivative security at price 2.58 per share. | NORTH RUN STRATEGIC OPPORTUNITIES FUND I, L.P. | Beneficial Owner of more than 10% of a Class of Security | — | 2026-01-05 00:00:00 | I | 9028166.0 |
| 4 | 13020 | — | Stock Gift at price 0.00 per share. | RUBIN SHMUEL | Chief Executive Officer | — | 2025-12-19 00:00:00 | D | — |
| 5 | 19355 | — | — | CREVISTON STEVEN ERIC | Director | — | 2025-11-20 00:00:00 | D | nan |
| 6 | 9529 | — | — | RUBIN SHMUEL | Chief Executive Officer | — | 2025-11-20 00:00:00 | D | nan |
| 7 | 4137 | — | — | MIRANDA ALBERT | Chief Financial Officer | — | 2025-11-20 00:00:00 | D | nan |
| 8 | 6968 | — | — | ELLIS THOMAS B. | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-11-20 00:00:00 | I | nan |
| 9 | 19355 | — | — | CRIDER KIMBERLY ANNE | Director | — | 2025-11-20 00:00:00 | D | nan |
Financials
| Line Item | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -720.72K | -26.16K | 16.46K | -1.94K |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | -6.14M | -3.58M | -433.38K | 1.18M |
| TotalUnusualItems | -3.43M | -124.58K | 78.37K | -9.23K |
| TotalUnusualItemsExcludingGoodwill | -3.43M | -124.58K | 78.37K | -9.23K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -14.87M | -8.01M | -4.05M | -3.54M |
| ReconciledDepreciation | 4.15M | 4.05M | 3.17M | 3.62M |
| ReconciledCostOfRevenue | 24.34M | 20.68M | 19.81M | 21.25M |
| EBITDA | -9.57M | -3.70M | -355.00K | 1.17M |
| EBIT | -13.72M | -7.75M | -3.53M | -2.45M |
| NetInterestIncome | -1.12M | -191.86K | -283.27K | -229.47K |
| InterestExpense | 1.12M | 191.86K | 283.27K | 229.47K |
| NormalizedIncome | -12.16M | -7.91M | -4.11M | -3.53M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -14.87M | -8.01M | -4.05M | -3.54M |
| TotalExpenses | 47.37M | 39.43M | 36.57M | 38.18M |
| TotalOperatingIncomeAsReported | -11.82M | -7.83M | -3.55M | -2.63M |
| DilutedAverageShares | 40.87M | 37.94M | 31.64M | 27.02M |
| BasicAverageShares | 40.87M | 37.94M | 31.64M | 27.02M |
| DilutedEPS | -0.36 | -0.21 | -0.13 | -0.13 |
| BasicEPS | -0.36 | -0.21 | -0.13 | -0.13 |
| DilutedNIAvailtoComStockholders | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncomeCommonStockholders | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncome | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncomeIncludingNoncontrollingInterests | -14.87M | -8.01M | -4.05M | -3.54M |
| NetIncomeContinuousOperations | -14.87M | -8.01M | -4.05M | -3.54M |
| TaxProvision | 37.79K | 67.49K | 234.03K | 862.91K |
| PretaxIncome | -14.84M | -7.94M | -3.81M | -2.68M |
| OtherIncomeExpense | -3.55M | -45.91K | 103.34K | 168.20K |
| OtherNonOperatingIncomeExpenses | -122.08K | 78.67K | 24.97K | 177.44K |
| SpecialIncomeCharges | -2.08M | -124.58K | 78.37K | -9.23K |
| GainOnSaleOfPPE | -99.33K | -124.58K | 78.37K | -9.23K |
| OtherSpecialCharges | 418.50K | |||
| RestructuringAndMergernAcquisition | 1.56M | 0.00 | ||
| GainOnSaleOfSecurity | -1.35M | |||
| NetNonOperatingInterestIncomeExpense | -1.12M | -191.86K | -283.27K | -229.47K |
| InterestExpenseNonOperating | 1.12M | 191.86K | 283.27K | 229.47K |
| OperatingIncome | -10.16M | -7.70M | -3.63M | -2.62M |
| OperatingExpense | 20.29M | 16.33M | 14.71M | 14.43M |
| DepreciationAmortizationDepletionIncomeStatement | 1.41M | 1.64M | 1.13M | 1.13M |
| DepreciationAndAmortizationInIncomeStatement | 1.41M | 1.64M | 1.13M | 1.13M |
| Amortization | 1.41M | 1.64M | 1.13M | 1.13M |
| AmortizationOfIntangiblesIncomeStatement | 1.41M | 1.64M | 1.13M | 1.13M |
| ResearchAndDevelopment | 3.06M | 2.40M | 2.15M | 2.09M |
| SellingGeneralAndAdministration | 15.81M | 12.30M | 11.44M | 11.22M |
| GrossProfit | 10.13M | 8.63M | 11.07M | 11.81M |
| CostOfRevenue | 27.07M | 23.09M | 21.86M | 23.74M |
| TotalRevenue | 37.20M | 31.73M | 32.93M | 35.56M |
| OperatingRevenue | 37.20M | 31.73M | 32.93M | 35.56M |
| Line Item | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| OrdinarySharesNumber | 42.95M | 39.25M | 37.34M | 27.05M |
| ShareIssued | 42.95M | 39.25M | 37.34M | 27.05M |
| NetDebt | 100.52K | |||
| TotalDebt | 15.19M | 10.36M | 12.38M | 14.73M |
| TangibleBookValue | -14.10M | 19.78M | 26.76M | 19.42M |
| InvestedCapital | 20.62M | 30.73M | 38.53M | 33.95M |
| WorkingCapital | 11.27M | 7.50M | 14.93M | 10.44M |
| NetTangibleAssets | -14.10M | 19.78M | 26.76M | 19.42M |
| CapitalLeaseObligations | 10.21M | 9.82M | 9.81M | 10.51M |
| CommonStockEquity | 15.64M | 30.20M | 35.95M | 29.73M |
| TotalCapitalization | 20.45M | 30.53M | 37.50M | 32.95M |
| TotalEquityGrossMinorityInterest | 15.64M | 30.20M | 35.95M | 29.73M |
| StockholdersEquity | 15.64M | 30.20M | 35.95M | 29.73M |
| GainsLossesNotAffectingRetainedEarnings | 978.69K | 509.94K | 606.54K | 935.12K |
| OtherEquityAdjustments | 978.69K | 509.94K | 606.54K | 935.12K |
| RetainedEarnings | -230.72M | -215.84M | -207.84M | -203.79M |
| AdditionalPaidInCapital | 244.95M | 245.14M | 242.81M | 232.32M |
| CapitalStock | 429.49K | 392.55K | 373.45K | 270.47K |
| CommonStock | 429.49K | 392.55K | 373.45K | 270.47K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 65.86M | 17.89M | 17.58M | 20.98M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 48.76M | 9.85M | 10.75M | 13.25M |
| PreferredSecuritiesOutsideStockEquity | 34.23M | 0.00 | ||
| NonCurrentAccruedExpenses | 823.00K | 611.62K | 0.00 | |
| NonCurrentDeferredLiabilities | 152.76K | 326.20K | 465.00K | 541.01K |
| NonCurrentDeferredTaxesLiabilities | 152.76K | 326.20K | 465.00K | 541.01K |
| LongTermDebtAndCapitalLeaseObligation | 13.55M | 8.91M | 10.29M | 12.71M |
| LongTermCapitalLeaseObligation | 8.75M | 8.59M | 8.73M | 9.49M |
| LongTermDebt | 4.80M | 325.88K | 1.55M | 3.22M |
| CurrentLiabilities | 17.10M | 8.04M | 6.83M | 7.73M |
| CurrentDebtAndCapitalLeaseObligation | 1.63M | 1.45M | 2.10M | 2.02M |
| CurrentCapitalLeaseObligation | 1.46M | 1.24M | 1.07M | 1.02M |
| CurrentDebt | 172.57K | 209.17K | 1.02M | 998.69K |
| OtherCurrentBorrowings | 172.57K | 209.17K | 1.02M | 998.69K |
| PayablesAndAccruedExpenses | 15.47M | 6.59M | 4.74M | 5.71M |
| CurrentAccruedExpenses | 8.05M | 3.36M | 2.16M | 2.64M |
| Payables | 7.42M | 3.23M | 2.57M | 3.07M |
| AccountsPayable | 7.42M | 3.23M | 2.57M | 3.07M |
| TotalAssets | 81.51M | 48.09M | 53.54M | 50.71M |
| TotalNonCurrentAssets | 53.13M | 32.55M | 31.78M | 32.54M |
| OtherNonCurrentAssets | 73.92K | 59.60K | 65.94K | 27.74K |
| NonCurrentDeferredAssets | 22.57K | 123.00K | 140.00K | 143.00K |
| NonCurrentDeferredTaxesAssets | 22.57K | 123.00K | 140.00K | 143.00K |
| GoodwillAndOtherIntangibleAssets | 29.74M | 10.41M | 9.19M | 10.31M |
| OtherIntangibleAssets | 15.99M | 3.65M | 3.33M | 4.46M |
| Goodwill | 13.75M | 6.76M | 5.85M | 5.85M |
| NetPPE | 23.29M | 21.95M | 22.38M | 22.06M |
| AccumulatedDepreciation | -21.19M | -18.30M | -16.62M | -15.74M |
| GrossPPE | 44.48M | 40.26M | 39.00M | 37.80M |
| Leases | 9.41M | 8.96M | 2.74M | 3.04M |
| ConstructionInProgress | 1.54M | 646.22K | 3.07M | 943.79K |
| OtherProperties | 31.69M | 29.32M | 31.87M | 32.48M |
| MachineryFurnitureEquipment | 1.85M | 1.32M | 1.32M | 1.33M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 28.37M | 15.54M | 21.76M | 18.17M |
| OtherCurrentAssets | 40.15K | 131.18K | 570.29K | 464.80K |
| RestrictedCash | 0.00 | 2.46M | 0.00 | |
| PrepaidAssets | 1.14M | 445.90K | 570.29K | 464.80K |
| Inventory | 12.86M | 6.55M | 7.41M | 6.99M |
| InventoriesAdjustmentsAllowances | -2.02M | -1.22M | -1.12M | -1.33M |
| FinishedGoods | 3.05M | 2.33M | 2.63M | 3.05M |
| WorkInProcess | 7.32M | 2.33M | 2.91M | 2.24M |
| RawMaterials | 4.51M | 3.11M | 3.00M | 3.02M |
| Receivables | 9.46M | 4.93M | 6.63M | 5.21M |
| OtherReceivables | 137.10K | |||
| AccountsReceivable | 9.46M | 4.93M | 6.63M | 5.21M |
| AllowanceForDoubtfulAccountsReceivable | -24.50K | -25.68K | -18.50K | -36.31K |
| GrossAccountsReceivable | 9.48M | 4.95M | 6.65M | 5.25M |
| CashCashEquivalentsAndShortTermInvestments | 4.88M | 3.48M | 4.69M | 5.51M |
| CashAndCashEquivalents | 4.88M | 3.48M | 4.69M | 5.51M |
| Line Item | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| FreeCashFlow | -9.59M | -1.66M | -5.89M | -162.49K |
| RepaymentOfDebt | -391.73K | -2.59M | -1.93M | -893.51K |
| IssuanceOfDebt | 6.66M | 278.93K | 141.25K | 266.85K |
| IssuanceOfCapitalStock | 19.11M | 806.33K | 9.20M | 0.00 |
| CapitalExpenditure | -1.26M | -2.18M | -3.08M | -1.63M |
| InterestPaidSupplementalData | 273.48K | 196.54K | 221.77K | 157.41K |
| IncomeTaxPaidSupplementalData | 206.12K | 166.86K | 428.91K | 267.58K |
| EndCashPosition | 4.88M | 3.48M | 7.14M | 5.51M |
| BeginningCashPosition | 3.48M | 7.14M | 5.51M | 6.77M |
| EffectOfExchangeRateChanges | 170.20K | -53.58K | -141.77K | -468.14K |
| ChangesInCash | 1.23M | -3.61M | 1.78M | -798.66K |
| FinancingCashFlow | 29.30M | -1.47M | 7.46M | -636.17K |
| CashFlowFromContinuingFinancingActivities | 29.30M | -1.47M | 7.46M | -636.17K |
| NetOtherFinancingCharges | 3.90M | -61.22K | ||
| ProceedsFromStockOptionExercised | 17.56K | 39.68K | 40.38K | 51.71K |
| NetPreferredStockIssuance | 18.68M | 0.00 | ||
| PreferredStockIssuance | 18.68M | 0.00 | ||
| NetCommonStockIssuance | 437.73K | 806.33K | 9.20M | 0.00 |
| CommonStockIssuance | 437.73K | 806.33K | 9.20M | 0.00 |
| NetIssuancePaymentsOfDebt | 6.27M | -2.31M | -1.78M | -626.66K |
| NetShortTermDebtIssuance | 6.46M | -2.18M | ||
| ShortTermDebtPayments | -204.10K | -2.46M | ||
| ShortTermDebtIssuance | 6.66M | 278.93K | ||
| NetLongTermDebtIssuance | -187.63K | -131.90K | -1.78M | -626.66K |
| LongTermDebtPayments | -187.63K | -131.90K | -1.93M | -893.51K |
| LongTermDebtIssuance | 278.93K | 141.25K | 266.85K | 275.38K |
| InvestingCashFlow | -19.74M | -2.67M | -2.87M | -1.63M |
| CashFlowFromContinuingInvestingActivities | -19.74M | -2.67M | -2.87M | -1.63M |
| NetBusinessPurchaseAndSale | -18.49M | -847.14K | 0.00 | |
| PurchaseOfBusiness | -18.49M | -847.14K | 0.00 | |
| NetPPEPurchaseAndSale | -1.25M | -1.82M | -2.87M | -1.63M |
| SaleOfPPE | 10.65K | 364.71K | 209.17K | 0.00 |
| PurchaseOfPPE | -1.26M | -2.18M | -3.08M | -1.63M |
| OperatingCashFlow | -8.33M | 521.04K | -2.81M | 1.46M |
| CashFlowFromContinuingOperatingActivities | -8.33M | 521.04K | -2.81M | 1.46M |
| ChangeInWorkingCapital | -447.78K | 3.14M | -3.25M | -285.11K |
| ChangeInOtherCurrentLiabilities | 1.56M | 0.00 | ||
| ChangeInOtherCurrentAssets | 91.03K | -131.18K | 0.00 | |
| ChangeInPayablesAndAccruedExpense | 2.24M | 680.46K | -977.62K | -1.09M |
| ChangeInPrepaidAssets | -325.92K | 133.81K | -97.79K | 10.56K |
| ChangeInInventory | -1.39M | 960.74K | -741.60K | 1.22M |
| ChangeInReceivables | -2.63M | 1.50M | -1.43M | -425.55K |
| ChangesInAccountReceivables | -2.63M | 1.50M | -1.43M | -562.65K |
| OtherNonCashItems | -59.80K | 183.39K | -172.79K | -170.07K |
| StockBasedCompensation | 1.04M | 1.02M | 1.31M | 825.25K |
| ProvisionandWriteOffofAssets | -3.01K | -4.43K | 8.16K | 7.71K |
| AssetImpairmentCharge | 143.36K | 136.68K | 316.30K | 456.54K |
| AmortizationOfSecurities | 71.22K | 0.00 | ||
| DeferredTax | -221.98K | -121.80K | -73.02K | 545.01K |
| DeferredIncomeTax | -221.98K | -121.80K | -73.02K | 545.01K |
| DepreciationAmortizationDepletion | 4.15M | 4.05M | 3.17M | 3.62M |
| DepreciationAndAmortization | 4.15M | 4.05M | 3.17M | 3.62M |
| OperatingGainsLosses | 1.87M | 124.58K | -78.37K | 9.23K |
| GainLossOnInvestmentSecurities | 1.35M | |||
| GainLossOnSaleOfPPE | 94.86K | 124.58K | -78.37K | 9.23K |
| NetIncomeFromContinuingOperations | -14.87M | -8.01M | -4.05M | -3.54M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for LPTH
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|