Stocks · Technology · Hardware, Equipment & Parts
LightPath Technologies, Inc. LPTH
$11.04 +1.75% Close, Oct 2, 2026 · NASDAQ · Market cap $693.2M
Strong growthExpensive vs sectorHigh risk
Next earnings report: Nov 10, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $71.7M, up 92.8% from a year earlier, accelerating from 86.7% a quarter earlier.
- Operating margin widened to -1.6% from -31.8% a year earlier.
- The diluted share count rose 24.5% in a year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 5%
- Revenue growth, 3-year CAGRTop 12%
- Revenue growth accelerationTop 17%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 36%
- Gross marginBottom 28%
- Operating marginBottom 35%
- Accruals (lower is better)Bottom 1%
- Interest coverBottom 34%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 26%
- Free-cash-flow yieldBottom 1%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 35%
- 6-month returnBottom 28%
- 1-year return vs S&P 500Top 30%
- Distance from 52-week highBottom 32%
- Trend checklist (0–4)Bottom 26%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 5%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyTop 5%
- Upside to consensus price targetTop 38%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 7%
- Maximum drawdown, 3 yearsBottom 50%
- Beta vs S&P 500 (lower is better)Bottom 29%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 86.7% | 92.8% | ↑ |
| Gross margin | 27.2% | 36.0% | ↑ |
| Operating margin | -31.8% | -1.6% | ↑ |
| FCF margin | -25.8% | -12616350.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 92.8% | 86.7% | ↑ | Top 5% |
| Gross margin | 36.0% | 27.2% | ↑ | Bottom 28% |
| Operating margin | -1.6% | -31.8% | ↑ | Bottom 35% |
| Net margin | -28.6% | -40.0% | ↑ | — |
| Free-cash-flow margin | -12616350.6% | -25.8% | ↓ | — |
| Return on invested capital | -0.7% | — | Bottom 36% | |
| Revenue growth, 3-year CAGR | 29.6% | — | Top 12% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 2910535.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 756596.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -33.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -0.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -17.35%
- Shareholder yield
- -17.35%
- Share count change, 1 year
- +24.5%
- Share count change, 3-year CAGR
- +12.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Sep 11, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- -5.6%
- Positive 20 days after report
- 5 of 7
Analysts
- Consensus price target
- $15.50
- Target vs current price
- +40.4%
- Analysts with a rating
- 10
- Share rating Buy or Strong Buy
- 100%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 10, 2026 | -233.3% | -4.5% | -7.4% | — | — |
| May 7, 2026 | +0.0% | -6.5% | -5.8% | +36.9% | -13.1% |
| Feb 11, 2026 | -400.0% | -6.7% | +2.1% | -1.1% | +9.3% |
| Nov 11, 2025 | +16.7% | +3.3% | -12.6% | +13.1% | +35.7% |
| Sep 25, 2025 | -433.3% | -5.2% | +12.0% | +7.1% | +4.7% |
| May 15, 2025 | -100.0% | -5.3% | -12.1% | +5.7% | +37.7% |
| Feb 13, 2025 | -75.0% | -18.8% | -27.9% | -45.0% | -30.5% |
| Nov 7, 2024 | +20.0% | -1.2% | +0.0% | +11.3% | +103.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 10, 2026 | -$0.02 | -$0.01 | -233.3% | $21.2M |
| May 7, 2026 | -$0.02 | -$0.02 | +0.0% | $19.1M |
| Feb 11, 2026 | -$0.20 | -$0.04 | -400.0% | $16.4M |
| Nov 11, 2025 | -$0.05 | -$0.06 | +16.7% | $15.1M |
| Sep 25, 2025 | -$0.16 | -$0.03 | -433.3% | $12.2M |
| May 15, 2025 | -$0.10 | -$0.05 | -100.0% | $9.2M |
| Feb 13, 2025 | -$0.07 | -$0.04 | -75.0% | $7.4M |
| Nov 7, 2024 | -$0.04 | -$0.05 | +20.0% | $8.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| Free-cash-flow yield | -1305362.96% | — | — | Bottom 1% |
| Earnings yield | -3.63% | — | — | Bottom 26% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -8.9%
- 200-day average slope (20 days)
- +2.0%
- Distance from 50-day average
- -2.1%
- Distance from 200-day average
- -8.8%
- RSI (14)
- 54.7
- Relative volume
- 0.83×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 108.6%
- Volatility vs own 5-year history
- 80th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.84
- Correlation with S&P 500
- 0.29
- Current drawdown from 1-year high
- -39.2%
- Maximum drawdown, 3 years
- -61.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 22, 2020 | Nov 2, 2022 | -79.2% | 469 days | 704 days (Aug 26, 2025) |
| May 28, 2026 | Sep 14, 2026 | -49.8% | 74 days | Not yet recovered |
| Oct 14, 2025 | Nov 20, 2025 | -40.5% | 27 days | 26 days (Dec 30, 2025) |
| Jan 22, 2026 | Feb 5, 2026 | -36.8% | 10 days | 45 days (Apr 13, 2026) |
| Apr 24, 2026 | May 8, 2026 | -28.5% | 10 days | 10 days (May 22, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $693.2M
- EPS, diluted (TTM)
- -$0.40
- Revenue (TTM)
- $71.7M
- 52-week range
- $5.83 – $18.94
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $35.6M | $32.9M | $31.7M | $37.2M | $71.7M |
| Gross profit | $11.8M | $11.1M | $8.6M | $10.1M | $25.8M |
| Operating income | -$2.6M | -$3.6M | -$7.8M | -$11.8M | -$1.2M |
| Net income | -$3.5M | -$4.0M | -$8.0M | -$14.9M | -$20.5M |
| EPS (diluted) | -$0.13 | -$0.13 | -$0.21 | -$0.36 | -$0.38 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.4M | $7.4M | $9.2M | $12.2M | $15.1M | $16.4M | $19.1M | $21.2M |
| Net income | -$1.6M | -$2.6M | -$3.6M | -$7.1M | -$2.9M | -$9.4M | -$4.1M | -$4.1M |
| EPS (diluted) | -$0.04 | -$0.07 | -$0.09 | -$0.17 | -$0.07 | -$0.20 | -$0.07 | -$0.06 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.5M | -$2.8M | $521,037 | -$8.3M | -$10.23T |
| Capital expenditure | -$1.6M | -$3.1M | -$2.2M | -$1.3M | -$6.27T |
| Free cash flow | -$162,486 | -$5.9M | -$1.7M | -$9.6M | -$16.49T |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $0 | $9.2M | $806,332 | $437,725 | $120.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $93.20T
- Total assets
- $194.0M
- Total liabilities
- $35.6M
- Total debt
- $10.9M
- Net debt
- -$93.20T
- Shareholders’ equity
- $158.4M
As of Jun 30, 2026 (filed Sep 11, 2026).
Short interest
- Shares sold short
- 11,404,961
- Days to cover
- 3.05
- Change vs previous report
- +12.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 4, 2003
- 1-for-8