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NASDAQ · SEMICONDUCTORS & RELATED DEVICES · SMALL CAP

Lightpath Technologies Inc. LPTH

15 fiscal years on record · USD · FY2024 reported · SEC filings only
$37.2M
▲ 17.3% YoY
$-14.9M
$-9.6M
In brief

What this company does

ISP is a vertically integrated manufacturer offering a full range of infrared products from custom infrared optical elements to catalog and high-performance lens assemblies. LightPath and its customers support a wide range of industries, including defense, public safety, industrial, commercial, telecom, medical and more. As of June 30, 2025, LightPath had 350 employees globally, including 345 full-time and 5 part-time employees, with 153 employees in the U.S., 98 employees located in Riga, Latvia, and 99 employees located in Zhenjiang, China.

Written from the business description in LightPath Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 September 2025. Every sentence was checked against that document before publication.

Growth
USD 37.2M
Revenue, FY2024 · full 15-year series below
Revenue $M Net income $M
FY2024 · Revenue 37.2 · Net income -14.9
20M-5M-10M20102012201420162018202020222024
Compound annual growth
+1.5%
+1.2%
+10.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−40 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -31.8% · Net -40.0%
10%20%-10%-20%-30%20102012201420162018202020222024
ROE
FY2024 · ROE -64.9%
10%20%30%-20%-40%-60%20102012201420162018202020222024
Gross margin27.2%
Operating margin-31.8%
Net margin-40.0%
Return on assets-23.0%
EBITDAUSD -9.1M

Each USD of equity lost 65 cents this year.

Cash & shareholders
—
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -9.6
1M2M-4M-8M20102012201420162018202020222024
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 81.5M
EquityUSD 15.6M
CashUSD 4.9M
Gross debtUSD 4.8M
Net debtUSD -72,046.00
Current ratio1.66×

The company holds more cash than debt.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.00.0−0.00.00.00.0−0.0−0.00.0−0.0−0.0
EBITDA $B−0.0−0.0··0.00.00.00.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.0−0.0−0.00.00.0····
Net income $B−0.0−0.0−0.0−0.0−0.00.0−0.00.00.00.0−0.0−0.00.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.00.00.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.36−0.21−0.13−0.13−0.120.03−0.100.040.360.08−0.05−0.020.02−0.09−0.17
Dividend / sh $···············
Payout %···············
ROE %−64.9−24.2−12.3−11.2−9.32.5−7.83.337.914.9−9.4−4.94.6−21.5·
Shares out B0.040.040.040.030.030.030.030.030.020.020.020.010.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 76 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 19 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJune 30
SEC categorysmaller reporting company
Data on record since2009

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