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Stocks · Technology · Semiconductors & Related Devices

LIGHTPATH TECHNOLOGIES INC

LPTH Clue Score53
United States Fiscal year ends June CIK 0000889971
$9.72 -0.21% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $9.72 +388.44% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue28.4Operating income4.1Net income7.7EPS, diluted0.36Fiscal year 2018Revenue32.5 +14.7%Operating income0.4Net income1.1 −86.2%EPS, diluted0.04 −88.9%Fiscal year 2019Revenue33.7 +3.8%Operating income−1.1Net income−2.7 −352.8%EPS, diluted−0.10 −350.0%Fiscal year 2020Revenue35.0 +3.6%Operating income2.1Net income0.9EPS, diluted0.03Fiscal year 2021Revenue38.5 +10.0%Operating income−1.8Net income−3.2 −467.4%EPS, diluted−0.12 −500.0%Fiscal year 2022Revenue35.6 −7.6%Operating income−2.6Net income−3.5EPS, diluted−0.13Fiscal year 2023Revenue32.9 −7.4%Operating income−3.6Net income−4.0EPS, diluted−0.13Fiscal year 2024Revenue31.7 −3.7%Operating income−7.8Net income−8.0EPS, diluted−0.21Fiscal year 2025Revenue37.2 +17.3%Operating income−11.8Net income−14.9EPS, diluted−0.36Fiscal year 2026Revenue71.7 +92.8%Operating income−19.7Net income−20.5EPS, diluted−0.38
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 28.4 32.5 33.7 35.0 38.5 35.6 32.9 31.7 37.2 71.7
Growth +14.7% +3.8% +3.6% +10.0% −7.6% −7.4% −3.7% +17.3% +92.8%
Operating income 4.1 0.4 −1.1 2.1 −1.8 −2.6 −3.6 −7.8 −11.8 −19.7
Net income 7.7 1.1 −2.7 0.9 −3.2 −3.5 −4.0 −8.0 −14.9 −20.5
Growth −86.2% −352.8% −467.4%
EPS, diluted 0.36 0.04 −0.10 0.03 −0.12 −0.13 −0.13 −0.21 −0.36 −0.38
Growth −88.9% −350.0% −500.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin51.9%Operating margin14.6%Net margin27.2%Free cash flow margin9.8%Fiscal year 2018Gross margin38.5%Operating margin1.1%Net margin3.3%Free cash flow margin0.3%Fiscal year 2019Gross margin37.1%Operating margin−3.4%Net margin−7.9%Free cash flow margin−4.5%Fiscal year 2020Gross margin39.6%Operating margin6.1%Net margin2.5%Free cash flow margin3.7%Fiscal year 2021Gross margin35.0%Operating margin−4.8%Net margin−8.3%Free cash flow margin4.1%Fiscal year 2022Gross margin33.2%Operating margin−7.4%Net margin−10.0%Free cash flow margin−0.5%Fiscal year 2023Gross margin33.6%Operating margin−10.8%Net margin−12.3%Free cash flow margin−17.9%Fiscal year 2024Gross margin27.2%Operating margin−24.7%Net margin−25.2%Free cash flow margin−5.2%Fiscal year 2025Gross margin27.2%Operating margin−31.8%Net margin−40.0%Free cash flow margin−25.8%Fiscal year 2026Gross margin36.0%Operating margin−27.4%Net margin−28.6%Free cash flow margin−23.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 51.9% 38.5% 37.1% 39.6% 35.0% 33.2% 33.6% 27.2% 27.2% 36.0%
Operating margin 14.6% 1.1% −3.4% 6.1% −4.8% −7.4% −10.8% −24.7% −31.8% −27.4%
Net margin 27.2% 3.3% −7.9% 2.5% −8.3% −10.0% −12.3% −25.2% −40.0% −28.6%
Free cash flow margin 9.8% 0.3% −4.5% 3.7% 4.1% −0.5% −17.9% −5.2% −25.8% −23.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow5.0Capital expenditure−2.2Free cash flow2.8Fiscal year 2018Operating cash flow2.6Capital expenditure−2.5Free cash flow0.1 −96.4%Fiscal year 2019Operating cash flow0.4Capital expenditure−1.9Free cash flow−1.5 −1,601.1%Fiscal year 2020Operating cash flow3.7Capital expenditure−2.4Free cash flow1.3Fiscal year 2021Operating cash flow4.7Capital expenditure−3.2Free cash flow1.6 +22.0%Fiscal year 2022Operating cash flow1.5Capital expenditure−1.6Free cash flow−0.2 −110.3%Fiscal year 2023Operating cash flow−2.8Capital expenditure−3.1Free cash flow−5.9Fiscal year 2024Operating cash flow0.5Capital expenditure−2.2Free cash flow−1.7Fiscal year 2025Operating cash flow−8.3Capital expenditure−1.3Free cash flow−9.6Fiscal year 2026Operating cash flow−10.2Capital expenditure−6.3Free cash flow−16.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 5.0 2.6 0.4 3.7 4.7 1.5 −2.8 0.5 −8.3 −10.2
Capital expenditure −2.2 −2.5 −1.9 −2.4 −3.2 −1.6 −3.1 −2.2 −1.3 −6.3
Free cash flow 2.8 0.1 −1.5 1.3 1.6 −0.2 −5.9 −1.7 −9.6 −16.5
Growth −96.4% −1,601.1% +22.0% −110.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash8.1Total debt9.9Net cash (debt)−1.8Shareholders’ equity29.7Debt to equity0.33Fiscal year 2018Cash5.5Total debt5.1Net cash (debt)0.4Shareholders’ equity35.4Debt to equity0.14Fiscal year 2019Cash4.6Total debt5.0Net cash (debt)−0.4Shareholders’ equity33.5Debt to equity0.15Fiscal year 2020Cash5.4Total debt4.4Net cash (debt)1.0Shareholders’ equity34.6Debt to equity0.13Fiscal year 2021Cash6.8Total debt4.1Net cash (debt)2.7Shareholders’ equity33.6Debt to equity0.12Fiscal year 2022Cash5.5Total debt3.2Net cash (debt)2.3Shareholders’ equity29.7Debt to equity0.11Fiscal year 2023Cash4.7Total debt1.6Net cash (debt)3.1Shareholders’ equity36.0Debt to equity0.04Fiscal year 2024Cash3.5Total debt0.3Net cash (debt)3.2Shareholders’ equity30.2Debt to equity0.01Fiscal year 2025Cash4.9Total debt4.8Net cash (debt)0.1Shareholders’ equity15.6Debt to equity0.31Fiscal year 2026Cash93.2Shareholders’ equity149.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 8.1 5.5 4.6 5.4 6.8 5.5 4.7 3.5 4.9 93.2
Total debt 9.9 5.1 5.0 4.4 4.1 3.2 1.6 0.3 4.8 n/a
Net cash (debt) −1.8 0.4 −0.4 1.0 2.7 2.3 3.1 3.2 0.1 n/a
Shareholders’ equity 29.7 35.4 33.5 34.6 33.6 29.7 36.0 30.2 15.6 149.5
Debt to equity 0.33 0.14 0.15 0.13 0.12 0.11 0.04 0.01 0.31 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Jun 2017 FY2018 30 Jun 2018 FY2019 30 Jun 2019 FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025 FY2026 30 Jun 2026
Revenue and profit
28.4 32.5 33.7 35.0 38.5 35.6 32.9 31.7 37.2 71.7
Growth +14.7% +3.8% +3.6% +10.0% −7.6% −7.4% −3.7% +17.3% +92.8%
13.6 20.0 21.2 21.1 25.0 23.7 21.9 23.1 27.1 45.9
14.7 12.5 12.5 13.8 13.4 11.8 11.1 8.6 10.1 25.8
Growth −14.9% −0.1% +10.6% −2.9% −12.1% −6.3% −22.1% +17.4% +154.7%
n/a n/a n/a n/a n/a n/a n/a n/a 3.1 3.8
8.7 9.2 10.5 9.0 12.0 11.2 11.4 12.3 15.8 24.7
4.1 0.4 −1.1 2.1 −1.8 −2.6 −3.6 −7.8 −11.8 −19.7
Growth −91.0% −405.2% −185.9%
3.4 0.2 −2.2 1.6 −2.3 −2.7 −3.8 −7.9 −14.8 −20.2
−4.3 −0.8 0.5 0.8 0.9 0.9 0.2 0.1 0.0 0.3
7.7 1.1 −2.7 0.9 −3.2 −3.5 −4.0 −8.0 −14.9 −20.5
Growth −86.2% −352.8% −467.4%
Per share
0.39 0.04 −0.10 0.03 −0.12 −0.13 −0.13 −0.21 −0.36 −0.38
0.36 0.04 −0.10 0.03 −0.12 −0.13 −0.13 −0.21 −0.36 −0.38
Growth −88.9% −350.0% −500.0%
20.0 25.0 25.8 25.9 26.3 27.0 31.6 37.9 40.9 53.4
21.7 26.8 25.8 27.5 26.3 27.0 31.6 37.9 40.9 53.4
Growth +23.7% −3.8% +6.5% −4.2% +2.7% +17.1% +19.9% +7.7% +30.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.3% a year over five years.
  • The diluted share count rose 102.8% in five years, which is dilution.
  • Operating margin is down 22.6 points on five years ago, at -27.4%.
  • A net loss in 7 of 10 years on file.