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LightPath Technologies, Inc.
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$341M
Market Cap
111.3
P/E
1.66
PEG
-24.4%
ROCE
-37.1%
ROE
0.28
D/E
-31.8%
OPM
-54.8%
% from 52W High
62
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for LPTH including FX impact
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📈 Price History
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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.

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📈 Growth Pattern
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⭐ Superinvestors Holding LPTH
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 395.9K $4.0M 0.01% Mar 2026
Steve Cohen Point72 Asset Management 33.5K $336K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-05-07
Record Q3 revenue and backlog driven by vertical integration, acquisitions, and strong demand for U.S.-sourced infrared optics. Gross margin improved to 36%, with positive adjusted EBITDA and robust cash reserves supporting ongoing capacity expansion and margin growth.
Q2 2026 Q2 2026 2026-02-11
Record revenue and gross margin were achieved, driven by acquisitions, regulatory tailwinds, and strong demand for U.S.-made infrared systems. A $65 million capital raise supports accelerated growth and M&A, with a focus on rapid scaling and backlog conversion over the next three years.
Q1 2026 Q1 2026 2025-11-11
Revenue surged 79% year-over-year to $15.1M, with a record $90M backlog and strong growth in high-margin systems. Strategic investments and facility expansions support scaling production, while demand for Germanium-free solutions drives future opportunities.
Q4 2025 Q4 2025 2025-09-25
Record $90 million backlog and 41% revenue growth highlight a successful strategic shift to high-value infrared systems and subsystems. Gross margin is expected to improve as product mix evolves, with significant new orders and investments supporting future growth.
Q3 2025 Q3 2025 2025-05-15
Revenue grew 19% year-over-year to $9.2M, with gross margin up to 29.1% and a $27.4M backlog. G5 Infrared acquisition is driving growth, with $13M in new bookings and expanded defense opportunities. Gross margin and EBITDA are expected to improve as integration continues.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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