LightPath Technologies, Inc. (LPTH) Stock

LightPath Technologies, Inc. (LPTH) is a Technology stock trading at $10.82 (as of 2026-07-24), with a market capitalization of $679.70M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies, including precision molded glass aspheric optics and molded or diamond-turned infrared aspheric lenses. These components are used in areas such as defense, medical devices, telecommunications, machine vision, and automotive safety, with products sold directly and through distributors and catalogs in North America, Europe, and Asia.

Understand LightPath Technologies, Inc.: how it makes money

LightPath Technologies designs, develops, manufactures, and distributes optical components and assemblies (including precision molded glass aspheric optics and infrared aspheric lenses), which are sold into defense, medical, industrial, automotive safety, and other end markets.

Gross margin is positive (36.3%), but operating margin is negative (-22.2%), so profitability is highly dependent on converting gross profit into operating earnings, meaning operating expense control and revenue scale matter.

Revenue by segment (latest quarter)
Infrared$0.0B
Assemblies$0.0B

Business quality (Weak): The data indicates profitable gross economics but unprofitable operations in the latest quarter, and segment revenue appears concentrated in Infrared products and Assemblies and Modules (with other categories at or near zero in the dataset).

Bull case

  • Positive gross margin: Gross margin is 36.3% in the latest quarter.
  • Ongoing infrared commercial activity: Annual Infrared Supply Agreement Value (Renewal) is 0.01B in the dataset.

Bear case

  • Unprofitable operations: Operating margin is -22.2% in the latest quarter, indicating operating expenses outweigh gross profit.
  • Concentration and limited diversification (in this dataset): Precision Molded Optics Revenue, Engineering Services Revenue, and Specialty Products Revenue are shown as 0.0B, and the dataset shows 0.0B for Largest Contract Renewal Value.
Valuation — source: SEC EDGAR (first-party)
Price$10.82
Market Cap$679.70M
Price / Book7.63
Price / Sales11.38
FCF Yield-2.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$37.20M
Net Margin-40.0%
Revenue Growth (YoY)108.9%
EPS Growth (YoY)-84.1%
FCF Growth (YoY)11.2%
Financial Health — source: SEC EDGAR
Altman Z-Score0.59 (distress)
Piotroski F-Score2/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Technology)34.6
Industry P/E (Electronic Equipment)41.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($26.25M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOShmuel Rubin
Employees304
CountryUS
IPO Date1996-02-22

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LPTH earnings history · LPTH institutional & insider holders · LPTH KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.