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LightPath Technologies Inc (LPTH)



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Upturn Advisory Summary
08/29/2025: LPTH (4-star) is a STRONG-BUY. BUY since 17 days. Profits (45.38%). Updated daily EoD!
1 Year Target Price $5.1
1 Year Target Price $5.1
4 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 75.65% | Avg. Invested days 32 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 233.37M USD | Price to earnings Ratio - | 1Y Target Price 5.1 |
Price to earnings Ratio - | 1Y Target Price 5.1 | ||
Volume (30-day avg) 5 | Beta 0.83 | 52 Weeks Range 1.04 - 5.47 | Updated Date 08/30/2025 |
52 Weeks Range 1.04 - 5.47 | Updated Date 08/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -30.25% | Operating Margin (TTM) -36.23% |
Management Effectiveness
Return on Assets (TTM) -8.77% | Return on Equity (TTM) -24.86% |
Valuation
Trailing PE - | Forward PE 217.39 | Enterprise Value 237361498 | Price to Sales(TTM) 6.94 |
Enterprise Value 237361498 | Price to Sales(TTM) 6.94 | ||
Enterprise Value to Revenue 7.06 | Enterprise Value to EBITDA 133.45 | Shares Outstanding 42898900 | Shares Floating 36113182 |
Shares Outstanding 42898900 | Shares Floating 36113182 | ||
Percent Insiders 2.94 | Percent Institutions 37.76 |
Upturn AI SWOT
LightPath Technologies Inc

Company Overview
History and Background
LightPath Technologies, Inc. was founded in 1985. It has evolved from initially focusing on graded index lenses to expanding into infrared optics and specialty fiber products. It has grown through product development and strategic acquisitions.
Core Business Areas
- Infrared Optics: Designs, develops, manufactures, and sells infrared optics and sub-assemblies for thermal imaging, laser systems, and other applications.
- Precision Molded Optics: Manufactures precision molded glass aspheric lenses and optical elements used in various industries, including telecommunications, medical, and industrial applications.
- Specialty Fiber Optics: Offers specialty fiber products including fibers for use in optical sensing and medical applications.
Leadership and Structure
The leadership team includes Sam Rubin, Chief Executive Officer. The company has a functional organizational structure with departments for sales, marketing, engineering, and manufacturing.
Top Products and Market Share
Key Offerings
- Black Diamond IR Lenses: Infrared lenses used in thermal imaging cameras and systems. LightPath has a competitive position. Competitors include Ophir Optronics and Edmund Optics. Market share is not readily available, but it's a key revenue driver.
- Aspheric Lenses: Precision molded lenses used in optical instruments and devices. Competitors include Asphericon and Optimax Systems. Market share data is not publicly available.
- GRADIUM Lenses: GRADIUM (GRAdient INdex) lenses are a technology that is no longer emphasized by the company. Competitors include RPC Photonics. Lightpath market share is small.
Market Dynamics
Industry Overview
The optics and photonics industry is experiencing growth driven by increasing demand for advanced imaging, sensing, and laser technologies across various sectors. This includes growing demand for infrared, and precision-molded lenses.
Positioning
LightPath Technologies is a niche player focusing on specialized optics and infrared lens. Their competitive advantage lies in their vertically integrated capabilities and their ability to provide customized optical solutions.
Total Addressable Market (TAM)
The total addressable market for infrared optics is estimated to be several billion dollars. LightPath's market share represents a small, but targeted portion of this overall TAM.
Upturn SWOT Analysis
Strengths
- Vertically integrated manufacturing
- Specialized expertise in infrared optics
- Custom optical solutions
- Strong customer relationships
Weaknesses
- Smaller scale compared to larger competitors
- Limited financial resources
- Dependence on specific industries and applications
- Volatile profitability
Opportunities
- Expanding into new geographic markets
- Developing new optical technologies
- Acquiring complementary businesses
- Capitalizing on growth in thermal imaging and laser systems
Threats
- Competition from larger, more established players
- Technological obsolescence
- Economic downturns impacting demand
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- II-VI (COHR)
- Edmund Optics (Private)
- Ophir Optronics (Private)
Competitive Landscape
LightPath Technologies is a smaller player competing with larger, more established companies. The company's advantage lies in its ability to provide specialized optics and infrared lens that are manufactured to meet demanding customer requirements.
Major Acquisitions
ISP Optics Corporation
- Year: 2016
- Acquisition Price (USD millions): 18
- Strategic Rationale: Expanded infrared optics capabilities and market presence.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been uneven, with periods of rapid expansion followed by periods of slower growth or decline.
Future Projections: Analyst estimates for future growth vary, depending on the company's ability to execute its strategic plan and capitalize on market opportunities.
Recent Initiatives: Recent initiatives include expanding into new markets and developing new optical technologies, such as infrared lenses for automotive applications.
Summary
LightPath is a smaller company with specialized optics but struggles with profitability and competition. They have potential in the growing infrared market. Key success factors include expanding into new markets and managing operational costs. Lightpath needs to improve its cashflow situation. Strong relationships with customers requiring specialised optical products help support the business.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Research Reports
- Industry Analysis
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. The data provided is based on publicly available information and may not be entirely accurate or complete. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About LightPath Technologies Inc
Exchange NASDAQ | Headquaters Orlando, FL, United States | ||
IPO Launch date 1996-02-22 | President, CEO & Director Mr. Shmuel Rubin | ||
Sector Technology | Industry Electronic Components | Full time employees 304 | Website https://www.lightpath.com |
Full time employees 304 | Website https://www.lightpath.com |
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. It offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics. The company's products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other sectors. It sells its products directly to customers in Europe and Asia. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.

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