LPTH
LightPath Technologies, Inc.
LPTH lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
LPTH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Strong |
LPTH's revenue and balance sheet are currently healthy, but its profitability and cash flow are weak.
LPTH PE Valuation
LPTH has no meaningful PE right now: it lost money over the past year.
LPTH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect LPTH's losses to shrink, with revenue growing.
LPTH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$0.23 | -$0.09 |
| Q3 2024 | -$0.21 | -$0.09 |
| Q2 2024 | -$0.21 | -$0.08 |
| Q1 2024 | -$0.18 | -$0.02 |
| Q4 2023 | -$0.14 | +$0.01 |
| Q3 2023 | -$0.12 | +$0.04 |
| Q2 2023 | -$0.13 | $0.00 |
| Q1 2023 | -$0.16 | +$0.02 |
LPTH lost $0.33 per share over the past year, a bigger loss than the year before.
LPTH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.8M | +38% |
| Q2 2026 | $21.2M | +73% |
| Q1 2026 | $19.1M | +109% |
| Q4 2025 | $16.4M | +120% |
| Q3 2025 | $15.1M | +79% |
| Q2 2025 | $12.2M | +41% |
| Q1 2025 | $9.2M | +19% |
| Q4 2024 | $7.4M | +1.5% |
LPTH's revenue has grown year over year for nine quarters in a row: $21M last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -10% | +6.2 points |
| Q2 2026 | -20% | +18 points |
| Q1 2026 | -22% | +14 points |
| Q4 2025 | -53% | -19 points |
| Q3 2025 | -17% | -0.3 points |
| Q2 2025 | -38% | -12 points |
| Q1 2025 | -36% | -2.7 points |
| Q4 2024 | -33% | -9.1 points |
LPTH's operating margin was −10% last quarter, up 6.2 points from the same quarter a year ago.
LPTH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.9M | -$9.6M |
| Q2 2026 | -$9.5M | -$6.2M |
| Q1 2026 | -$7.7M | -$4M |
| Q4 2025 | $2M | +$2.8M |
| Q3 2025 | -$1.2M | +$560.1K |
| Q2 2025 | -$3.3M | -$3.1M |
| Q1 2025 | -$3.7M | -$2.9M |
| Q4 2024 | -$817.8K | +$981 |
LPTH has burned cash in most quarters: −$26M over the past year, against −$9M the year before.
LPTH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +19% | +11.4M shares |
| 1 year | +71% | +29.1M shares |
| 3 years | +99% | +34.9M shares |
| 5 years | +166% | +43.6M shares |
| Available history | +156% | +42.6M shares |
LPTH has 70M diluted shares, up 71% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
LPTH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -3.2x | Net Cash |
| Q3 2022 | -20.5x | Net Cash |
| Q2 2022 | -2.3x | Net Cash |
| Q3 2021 | 0.2x | Very low |
| Q2 2021 | -1.6x | Net Cash |
| Q1 2021 | -0.4x | Net Cash |
| Q4 2020 | -0.2x | Net Cash |
| Q3 2020 | -0.2x | Net Cash |
LPTH has more cash than debt.
LPTH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.8 | Neutral |
| Stochastic | 13.1 | Oversold |
LPTH's weekly RSI is 40 (neutral) and its Stochastic is 13 (oversold).
LPTH PE vs Technology Sector
| Metric | LPTH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
LPTH has no meaningful PE right now: it lost money over the past year.
LPTH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.51 | 15% below |
| 20 week MA | $10.4 | 31% below |
| 50 week MA | $11.4 | 37% below |
| 100 week MA | $7.72 | 6.6% below |
| 200 week MA | $4.60 | 57% above |
LPTH has fallen below most of its moving averages, though it's still 57% above its 200-week average.
LPTH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.69 | $4.06 | +488% |
| 2021 | $4.06 | $2.31 | -43% |
| 2022 | $2.31 | $1.20 | -48% |
| 2023 | $1.20 | $1.26 | +5% |
| 2024 | $1.26 | $3.49 | +177% |
| 2025 | $3.49 | $9.02 | +158% |
| 2026 YTD | $9.02 | $7.21 | -20% |
LPTH's yearly returns have swung widely, from +488% in 2020 to −48% in 2022. It's down 20% so far in 2026.