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Earnings transcript
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LPTH
LightPath Technologies, Inc.
$7.93
-0.98
(-11%)
| Exchange: | NASDAQ |
| Market Cap: | 555.387M |
| Shares Outstanding: | 25.853M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | Hardware, Equipment & PartsView industry performance | |||||
| CEO: | Shmuel Rubin | |||||
| Full Time Employees: | 420 | |||||
| Address: |
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| Website: | https://www.lightpath.com |
LightPath Technologies, Inc. specializes in the engineering, production, and distribution of optical elements and integrated systems. Their product range includes precisely molded glass aspheric lenses, as well as infrared aspheric lenses created through molding or diamond-turning processes, along with a variety of other optical components. These solutions are fundamental for devices that manage light. Their advanced optics are utilized across numerous fields, such as defense mechanisms, medical instrumentation, industrial tools employing lasers, automotive safety features, barcode scanning systems, optical data storage, hybrid fiber coax data communication networks, telecommunications, machine vision applications, and various sensor technologies. The company markets its offerings directly to clients across North America, Europe, and Asia, and also leverages distributors and catalogs to serve both domestic and international markets. LightPath Technologies, Inc. was established in 1985 and is headquartered in Orlando, Florida.
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Revenue Segmentation
LPTH full analysis
Hey everyone, welcome back to MarketSnap. LightPath Technologies has been on an absolute tear — up roughly 430% over the past five years and nearly 10% in just the last week — and the crowd is loud. Momentum chasers are everywhere, and the story about becoming a critical piece of the Western infrared supply chain is genuinely compelling. But before anyone piles in at these levels, we're running LPTH through the MarketSnap fair value model to see if the price…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| LPTH | LightPath Technologies, Inc. | 555.4M | — | — | -0.7% |
 MEI | Methode Electronics, Inc. | 505.5M | — | — | 0.5% |
 RELL | Richardson Electronics, Ltd. | 296.4M | 32.4 | 77.7 | 5.1% |
 OPTX | Syntec Optics Holdings, Inc. | 278.3M | — | — | -3.9% |
 VPG | Vishay Precision Group, Inc. | 846.9M | 242 | 112 | 1.7% |
 UMAC | Unusual Machines, Inc. | 847.4M | — | — | -7.6% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 31,726.192 | 37,202.630 | 71,722.099 |
| Gross Profit | 8,631.246 | 10,130.114 | 25,804.791 |
| EBITDA | -2,955.671 | -4,913.862 | 3,865.005 |
| Operating Income | -7,826.664 | -11,822.881 | -1,173.061 |
| Net Income | -8,007.346 | -14,873.182 | -20,545.563 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 48,086.964 | 81,505,766 | 194,007,621,000 |
| Total Liabilities | 17,887.299 | 31,628,488 | 35,628,138,000 |
| Total Stockholders Equity | 30,199.665 | 15,644,768 | 149,472,797,000 |
| Total Debt | 10,359.451 | 10,380,760 | 10,852,662,000 |
| Cash and Cash Equivalents | 3,480.268 | 4,877,036 | 93,204,655,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 521.037 | -8,331,390 | -10,225,188,000 |
| Capital Expenditure | -2,182.805 | -1,262,302 | -6,268,334,000 |
| Free Cash Flow | -1,661.768 | -9,593,692 | -16,493,522,000 |
| Net Income | -8,007.346 | -14,873,182 | -20,545,563,000 |
| Net Change in Cash | -3,664.222 | 1,396,768 | 88,327,619,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 141,917.355 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 149,393.093 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 145,853 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 18,983.303 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 19,463.670 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 19,223.486 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 5,493.785 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 5,873.275 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 5,683.530 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 9,759,205,063.782 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 10,273,287,785.695 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 10,029,846,851.133 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0.100 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Proprietary Technology & Vertical Integration: LPTH maintains a vertically integrated model in the optics and photonics sector, controlling the manufacturing of its proprietary Black Diamond™ glass molding technology. This allows for cost-efficient production of high-volume precision lenses, creating a barrier to entry for competitors reliant on traditional grinding and polishing methods.
- Diversified Revenue Streams: The company operates across multiple high-growth verticals, including industrial, medical, defense, and telecommunications. This diversification mitigates risk associated with cyclical downturns in any single industry, as evidenced by consistent revenue contributions from both product segments and geographic regions.
- Improving Gross Margins: Recent financial metrics indicate a positive trend in gross profit margin (TTM), driven by a shift toward higher-margin specialty products and increased operational efficiencies in manufacturing. This suggests pricing power and a favorable product mix.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates LPTH intrinsic value between $1.94 – $2.88 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about LPTH valuation
Is LightPath Technologies, Inc. (LPTH) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for LightPath Technologies, Inc. (LPTH) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LPTH a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LPTH trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LPTH’s P/E ratio?
You can see LPTH’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LPTH?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LPTH a good long-term investment?
Whether LPTH fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LPTH
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Daily snapshot
-11
Trading Metrics:
| Open: | 8.6 | Previous Close: | 8.91 | |
| Day Low: | 7.83 | Day High: | 8.65 | |
| Year Low: | 5.83 | Year High: | 18.94 | |
| Price Avg 50: | 11.19 | Price Avg 200: | 12.18 | |
| Volume: | 4.4M | Average Volume: | 3.133M |
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