LightPath Technologies, Inc.
LPTHTechnologyNASDAQElectronic Components
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Daily timeframeLightPath Technologies, Inc. designs, develops, manufactures, and distributes optical systems and assemblies in the United States. Valued at $1.04B, LPTH is a small-cap name in its sector. 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.
Market Cap
$1.04B
Beta
1.26
P/E (TTM)
—
P/E (Fwd)
127.35
EPS (TTM)
$-0.50
EPS (Fwd)
$0.13
ROE
-28.8%
ROA
-2.8%
Cash
$55.2M
Total Debt
$11.3M
Free CF
$3.2M
52W Change
471.0%
Annual Financials
Cash vs Debt
With $55.2M in cash and $11.3M in debt, LPTH maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $3.2M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of -28.8% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been relatively flat, moving from $35.6M (2022) to $37.2M (2025).
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence LightPath Technologies, Inc.'s trajectory.