Lightpath Technologies (LPTH) AI Stock Analysis

• Market Cap: $338.90M
• Dividend Yield: N/A
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: 17.26%
• EPS Growth: -70.07%
• Country: US
• Employees: 304
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.16
• Shares Outstanding: 42,898,937
• 10 Day Avg. Volume: 2,054,802
• 30 Day Avg. Volume: 1,587,935
• PEG Ratio: >-0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00338
• P/FCF Ratio: -0.01
• Enterprise Value/Market Cap: 0.52
• Enterprise Value/Revenue: 5.25
• Enterprise Value/Gross Profit: 17.72
• Enterprise Value/Ebitda: -34.47
• 1Y Price Target: $8.50
• Price Target Upside: 7.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 61 Neutral
• Price Target: $8.50 ▲(7.59% Upside)

Lightpath Technologies is experiencing strong market momentum and strategic growth through acquisitions, which are positive indicators. However, significant financial challenges, including profitability and cash flow issues, weigh down the overall score. The valuation concerns due to negative earnings further impact the attractiveness of the stock.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and successful strategic initiatives, enhancing long-term business prospects.

Strategic Acquisitions

Acquisitions like G5 Infrared expand product offerings and market reach, strengthening competitive position and driving future growth.

Strong Order Backlog

A robust order backlog supports sustained revenue growth and reflects strong customer demand, ensuring future financial stability.

Negative Factors

Profitability Challenges

Ongoing net losses highlight profitability challenges, which can impact cash flow and limit reinvestment in growth opportunities.

Increased Operating Expenses

Rising operating expenses can erode margins and profitability, posing a risk to financial health if not managed effectively.

Supply Chain Risks

Supply chain risks can disrupt operations and increase costs, affecting product availability and competitive positioning.

Lightpath Technologies Business Overview & Revenue Model

Company Description

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries. The company sells its products directly to customers in North America, Europe, and Asia, as well as through distributors and catalogs in the United States and internationally. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.

How the Company Makes Money

Lightpath Technologies generates revenue primarily through the sale of its optical communication products and systems to telecommunications companies, data centers, and other enterprises requiring high-speed data solutions. Key revenue streams include direct sales of optical transceivers and amplifiers, as well as long-term contracts and partnerships with major telecommunications providers that require customized solutions. The company also engages in research and development collaborations with industry partners, further enhancing its product offerings and market reach. Additionally, LPTH benefits from increasing demand for high-bandwidth connectivity driven by the growth of cloud computing, 5G networks, and the Internet of Things (IoT), which adds to its revenue potential.

Lightpath Technologies Financial Statement Overview

Summary

Lightpath Technologies shows impressive revenue growth but struggles with profitability and cash flow management. The balance sheet is stable with moderate debt, but operational inefficiencies and liquidity concerns are notable.

Income Statement

Lightpath Technologies has experienced significant revenue growth, particularly in the latest year, with a remarkable increase of over 110,000%. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin is moderate but consistent. The substantial negative EBIT and EBITDA margins indicate operational inefficiencies or high costs relative to revenue.

Balance Sheet

The company's debt-to-equity ratio is moderate, suggesting a balanced approach to leveraging. However, the negative return on equity indicates that the company is not generating sufficient returns on its equity base. The equity ratio is healthy, showing that a significant portion of the company's assets is financed by equity, which is a positive sign of financial stability.

Cash Flow

Lightpath Technologies is facing challenges with cash flow, as indicated by negative operating and free cash flows. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses with free cash flow, but the overall negative cash flow growth and operating cash flow coverage ratio highlight liquidity concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.63M	37.20B	31.73M	32.93M	35.56M	38.46M
Gross Profit	9.96M	10.13B	8.63M	11.07M	11.81M	13.45M
EBITDA	-5.12M	-11.82B	-3.70M	-355.00K	1.17M	1.47M
Net Income	-10.15M	-14.87B	-8.01M	-4.05M	-3.54M	-3.19M
Balance Sheet
Total Assets	81.42M	81.51B	48.09M	53.54M	50.71M	54.61M
Cash, Cash Equivalents and Short-Term Investments	6.48M	4.88B	3.48M	4.69M	5.51M	6.77M
Total Debt	14.33M	10.38B	10.36M	12.38M	14.73M	14.23M
Total Liabilities	31.30M	31.63B	17.89M	17.58M	20.98M	21.03M
Stockholders Equity	50.12M	15.64B	30.20M	35.95M	29.73M	33.58M
Cash Flow
Free Cash Flow	-6.49M	-9.59B	-1.66M	-5.89M	-162.49K	1.57M
Operating Cash Flow	-5.62M	-8.33B	521.04K	-2.81M	1.46M	4.73M
Investing Cash Flow	-21.11M	-19.74B	-2.67M	-2.87M	-1.63M	-3.16M
Financing Cash Flow	30.18M	29.30B	-1.47M	7.46M	-636.17K	-843.43K

Lightpath Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPTH, the sentiment is Positive. The current price of 7.9 is above the 20-day moving average (MA) of 6.13, above the 50-day MA of 4.63, and above the 200-day MA of 3.15, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 67.90 is Neutral, neither overbought nor oversold. The STOCH value of 68.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LPTH.

Lightpath Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPTI	78 Outperform	152.45M	19.80	24.42%	―	16.52%	50.29%
LPTH	61 Neutral	$338.90M	―	-64.89%	―	17.26%	-70.07%
RELL	59 Neutral	141.91M	-142.61	-0.73%	2.41%	6.34%	-31.68%
MEI	54 Neutral	267.65M	-4.95	-7.93%	6.45%	-4.91%	61.77%
LINK	51 Neutral	134.35M	-65.83	-16.35%	―	-7.12%	-11.00%
GNSS	46 Neutral	109.73M	-3.88	-889.21%	―	8.95%	14.34%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Lightpath Technologies Corporate Events

Lightpath Technologies Approves Key Proposals in Stockholder Meeting

On June 16, 2025, LightPath Technologies held a Special Meeting of Stockholders where several key proposals were approved. The stockholders approved the issuance of shares of Class A Common Stock related to the acquisition of G5 Infrared, LLC and the conversion of Series G Preferred Stock. Additionally, amendments to the 2018 Stock Incentive Compensation Plan and the adoption of the 2025 Employee Stock Purchase Plan were also approved, indicating strategic moves to enhance employee engagement and expand the company’s capital structure.

The most recent analyst rating on (LPTH) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Lightpath Technologies stock, see the LPTH Stock Forecast page.