LightPath Technologies Past Earnings Performance
Past criteria checks 0/6
LightPath Technologies's earnings have been declining at an average annual rate of -44.3%, while the Electronic industry saw earnings growing at 3.8% annually. Revenues have been growing at an average rate of 5.2% per year.
Key information
-44.32%
Earnings growth rate
-32.29%
EPS growth rate
| Electronic Industry Growth | 15.34% |
| Revenue growth rate | 5.22% |
| Return on equity | -20.78% |
| Net Margin | -37.38% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 20
LPTH: Index Inclusion And Funding Progress Will Support Future Upside
Analysts have lifted their price targets on LightPath Technologies by $0.88, supported by updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E, in line with recent $1 price target increases cited in Street research. Analyst Commentary Bullish Takeaways Bullish analysts link the higher price targets to updated fair value work, suggesting that revised assumptions for revenue growth and profit margins support a higher valuation base for the stock.Analysis Article • May 13
Broker Revenue Forecasts For LightPath Technologies, Inc. (NASDAQ:LPTH) Are Surging Higher
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shareholders will have a reason to smile today, with the analysts making...
Narrative Update • May 03
LPTH: Index Addition And Defense Order Will Shape Future Earnings Multiple
Analysts have lifted their price target on LightPath Technologies by $5.50, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that refine rather than overhaul their prior valuation view. Analyst Commentary Recent price target revisions for LightPath Technologies signal that while analysts see scope for upside, some remain careful about how much they are willing to pay for that potential.Narrative Update • Apr 19
LPTH: Drone Supply Chain Role And Index Addition Will Shape Future Multiple
Narrative Update on LightPath Technologies The analyst price target for LightPath Technologies has moved higher, with recent Street research citing increased confidence around the company's inroads into the drone supply chain and updated growth assumptions. This has resulted in a revised fair value estimate of $14.00, supported by modestly higher forecast revenue growth and a slightly lower assumed future P/E multiple.Narrative Update • Apr 05
LPTH: Drone Supply Chain Progress Will Support Margins And Index Inclusion Tailwinds
Analyst price targets for LightPath Technologies have increased by several dollars to around $15. Analysts attribute the higher targets to updated projections from multiple firms and heightened interest related to the company's progress in areas such as the drone supply chain.Narrative Update • Mar 22
LPTH: Drone Supply Chain Orders Will Support Margin Expansion Through FY27
Analysts have modestly raised their price targets for LightPath Technologies, including a $5 increase at H.C. Wainwright and a $0.50 increase at Canaccord. These changes point to expectations related to the company's expanding role in areas such as the drone supply chain.Narrative Update • Mar 07
LPTH: Drone Supply Chain Inroads Will Test New Higher Multiple
Narrative Update on LightPath Technologies Our analyst price target for LightPath Technologies has been revised from $10.00 to $14.00. This revision reflects updated Street research, in which analysts cite recent price target increases and new coverage as support for their views on the company.Narrative Update • Feb 21
LPTH: Drone Supply Chain Inroads Will Support Margin Expansion Through FY27
Narrative Update: LightPath Technologies We are lifting our analyst price target on LightPath Technologies to $15.10 from $10.50, reflecting analysts' higher Street targets and their view that recent work in drone supply chains and other end markets supports using a richer forward P/E multiple, despite slightly moderated revenue growth and margin assumptions. Analyst Commentary Recent Street research on LightPath highlights a cluster of higher price targets and fresh coverage that centers on the company’s positioning in drone supply chains and related end markets.Seeking Alpha • Feb 18
LightPath Technologies: Still Growing, But Valuation And Technical Concerns Loom
Summary LightPath is transitioning to a vertically integrated provider of high-value infrared optics and camera systems, leveraging its Black Diamond technology and G5 Infrared acquisition. LightPath is positioned well to benefit from the 2026 NDAA, which may support multi-year growth. I am lowering my rating to 'HOLD' due to the high valuation and technical bearish signals which creates a near-term pullback risk despite the strong long-term prospects. Read the full article on Seeking Alpha
Narrative Update • Feb 07
LPTH: Drone Supply Chain Inroads And Systems Shift Will Support Future Upside
Narrative Update The analyst price target for LightPath Technologies has moved higher into a US$11 to US$14 range, with analysts pointing to progress in drone supply chain exposure, a shift toward higher value systems, strong backlog, and expectations for continued revenue momentum and margins as the key reasons for the change. Analyst Commentary Bullish analysts have been increasingly constructive on LightPath Technologies, pointing to both execution on its current backlog and potential upside from newer growth areas such as drone supply chain exposure and higher value systems offerings.Narrative Update • Jan 23
LPTH: Backlog Strength And Higher Margin Mix Will Drive Earnings Power
Narrative Update Analysts have lifted their fair value estimate for LightPath Technologies from US$11.00 to US$17.00. This reflects higher price targets supported by a robust backlog, expectations for stronger revenue growth and margins, and confidence that momentum can extend through FY26 and FY27.Narrative Update • Jan 09
LPTH: Elevated Multiple Will Rely On Backlog Conversion And Pipeline Execution
Narrative Update: LightPath Technologies Analysts have lifted their price targets on LightPath into a higher range, with one set of forecasts moving from US$3.00 to US$10.00 and Street targets recently rising as high as US$14, citing a strong backlog, faster revenue growth, improving margins, and expectations for continued momentum into FY26 and FY27. Analyst Commentary The recent research updates around LightPath are centered on higher price targets, with forecasts moving into the US$10 to US$14 range.Narrative Update • Dec 25
LPTH: Record Backlog And Major Orders Will Drive Stronger Earnings Power
Analysts have raised their price target on LightPath Technologies to $11 from $7, citing faster projected revenue growth, expanding margins and a robust, potentially transformational backlog that supports stronger long term earnings power. Analyst Commentary Bullish analysts are coalescing around a higher valuation framework for LightPath Technologies, pointing to accelerating demand trends, a swelling backlog and evidence that the company is successfully moving up the value chain into higher margin systems and solutions.Analysis Article • Dec 23
LightPath Technologies, Inc. (NASDAQ:LPTH) Stocks Shoot Up 37% But Its P/S Still Looks Reasonable
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shares have had a really impressive month, gaining 37% after a shaky...Narrative Update • Dec 11
LPTH: Record Backlog Will Support Margin Expansion Through FY26 And FY27
Analysts have nudged their price targets on LightPath Technologies higher into a roughly $10 to $11 range, citing a record and robust backlog, accelerating revenue growth with improving margins, and confidence that the company's move up the value chain can sustain momentum through FY26 and FY27. Analyst Commentary Bullish analysts are aligning around a constructive view on LightPath, arguing that the recent price target hikes better reflect the company’s accelerating growth profile, expanding margins, and growing strategic relevance in its end markets.Narrative Update • Nov 27
LPTH: Record Backlog Will Drive Demand and Margin Expansion Into 2027
Analysts have raised their price target for LightPath Technologies from $9.75 to $10.50 per share, citing LightPath's strong backlog, improved pipeline opportunities, and the early success of its strategy to move up the value chain as key drivers for their updated outlook. Analyst Commentary Recent research notes reflect a largely optimistic outlook on LightPath Technologies, as analysts have significantly raised their price targets based on the company's evolving strategy and strong performance metrics.Analysis Article • Nov 17
LightPath Technologies (NASDAQ:LPTH) Has Debt But No Earnings; Should You Worry?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Nov 13
LPTH: Record Backlog Will Drive Momentum Through Fiscal 2027
Analysts have raised their price target for LightPath Technologies significantly, increasing it from $8.13 to $9.75 per share. They cite stronger revenue growth, an improved backlog, and expectations of continued momentum as key factors behind the upward adjustment.Analysis Article • Oct 14
LightPath Technologies, Inc.'s (NASDAQ:LPTH) 62% Jump Shows Its Popularity With Investors
Despite an already strong run, LightPath Technologies, Inc. ( NASDAQ:LPTH ) shares have been powering on, with a gain...Narrative Update • Sep 27
Acquisition And Shift To Solutions Will Unlock Future Markets
Analysts have raised their price targets for LightPath Technologies, citing strong order momentum, a substantial new $40M contract, improving operational efficiencies, and robust demand driving a favorable outlook, resulting in the consensus price target increasing from $5.30 to $8.12. Analyst Commentary Bullish analysts cite positive win momentum and a favorable FY26 outlook as key reasons for raising price targets, despite near-term lighter profitability results.Narrative Update • Sep 05
Acquisition And Shift To Solutions Will Unlock Future Markets
The consensus analyst price target for LightPath Technologies has increased to $5.30, as a modest uptick in future P/E suggests slightly higher market expectations despite only a marginal adjustment in revenue growth forecasts. What's in the News Secured an $18.2 million purchase order to supply advanced infrared camera systems to a leading global technology customer in CY 2026.Analysis Article • Aug 23
LightPath Technologies, Inc. (NASDAQ:LPTH) Looks Just Right With A 26% Price Jump
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shares have continued their recent momentum with a 26% gain in the last...
New Narrative • Apr 05
Acquisition And Shift To Solutions Will Unlock Future Markets
The acquisition of G5 Infrared enables LightPath to transition into a solutions provider, potentially increasing revenue with expanded offerings and defense contracts.Analysis Article • Feb 19
LightPath Technologies, Inc. (NASDAQ:LPTH) Stocks Pounded By 27% But Not Lagging Industry On Growth Or Pricing
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shares have retraced a considerable 27% in the last month, reversing a...Seeking Alpha • Jan 21
Breaking The Glass Ceiling: LightPath Technologies' BlackDiamond Advantage
Summary LightPath Technologies is a micro-cap company specializing in optical components, with significant growth in defense contracts and high-value camera solutions. Recent financial performance shows revenue growth, improved gross margins, and a strong cash position, despite rising expenses and net losses. LPTH's strategic pivot to complete systems and defense market expansion, including potential Lockheed Martin contracts, presents compelling growth opportunities. Despite challenges like regulatory hurdles and debt, LPTH's momentum and market potential make it a "Buy" for higher-risk, speculative portfolios. Read the full article on Seeking AlphaAnalysis Article • Jan 10
Does LightPath Technologies (NASDAQ:LPTH) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Dec 14
LightPath Technologies, Inc. (NASDAQ:LPTH) Stocks Shoot Up 39% But Its P/S Still Looks Reasonable
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shares have continued their recent momentum with a 39% gain in the last...Analysis Article • Nov 13
We Think Shareholders May Want To Consider A Review Of LightPath Technologies, Inc.'s (NASDAQ:LPTH) CEO Compensation Package
Key Insights LightPath Technologies will host its Annual General Meeting on 20th of November Salary of US$378.1k is...Analysis Article • Sep 11
Positive Sentiment Still Eludes LightPath Technologies, Inc. (NASDAQ:LPTH) Following 26% Share Price Slump
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shareholders won't be pleased to see that the share price has had a very...Analysis Article • Feb 08
Market Participants Recognise LightPath Technologies, Inc.'s (NASDAQ:LPTH) Revenues Pushing Shares 28% Higher
LightPath Technologies, Inc. ( NASDAQ:LPTH ) shares have had a really impressive month, gaining 28% after a shaky...Analysis Article • Nov 10
Shareholders May Be Wary Of Increasing LightPath Technologies, Inc.'s (NASDAQ:LPTH) CEO Compensation Package
Key Insights LightPath Technologies' Annual General Meeting to take place on 16th of November Salary of US$360.5k is...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How LightPath Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 63 | -23 | 20 | 4 |
| 31 Dec 25 | 53 | -23 | 18 | 3 |
| 30 Sep 25 | 44 | -16 | 16 | 3 |
| 30 Jun 25 | 37 | -15 | 15 | 3 |
| 31 Mar 25 | 34 | -10 | 14 | 3 |
| 31 Dec 24 | 32 | -9 | 13 | 2 |
| 30 Sep 24 | 32 | -8 | 12 | 2 |
| 30 Jun 24 | 32 | -8 | 12 | 2 |
| 31 Mar 24 | 33 | -6 | 12 | 2 |
| 31 Dec 23 | 32 | -5 | 11 | 2 |
| 30 Sep 23 | 34 | -4 | 11 | 2 |
| 30 Jun 23 | 33 | -4 | 11 | 2 |
| 31 Mar 23 | 32 | -5 | 11 | 2 |
| 31 Dec 22 | 33 | -4 | 11 | 2 |
| 30 Sep 22 | 34 | -4 | 11 | 2 |
| 30 Jun 22 | 36 | -4 | 11 | 2 |
| 31 Mar 22 | 35 | -5 | 12 | 2 |
| 31 Dec 21 | 37 | -5 | 12 | 2 |
| 30 Sep 21 | 38 | -4 | 12 | 2 |
| 30 Jun 21 | 38 | -3 | 11 | 2 |
| 31 Mar 21 | 39 | 0 | 10 | 2 |
| 31 Dec 20 | 37 | 1 | 9 | 2 |
| 30 Sep 20 | 37 | 2 | 9 | 2 |
| 30 Jun 20 | 35 | 1 | 9 | 2 |
| 31 Mar 20 | 35 | -2 | 9 | 2 |
| 31 Dec 19 | 34 | -3 | 9 | 2 |
| 30 Sep 19 | 33 | -3 | 9 | 2 |
| 30 Jun 19 | 34 | -3 | 9 | 2 |
| 31 Mar 19 | 33 | -2 | 9 | 2 |
| 31 Dec 18 | 34 | 0 | 9 | 2 |
| 30 Sep 18 | 34 | 0 | 9 | 2 |
| 30 Jun 18 | 33 | 1 | 9 | 2 |
| 31 Mar 18 | 33 | 8 | 10 | 2 |
| 31 Dec 17 | 33 | 7 | 9 | 1 |
| 30 Sep 17 | 31 | 8 | 8 | 1 |
| 30 Jun 17 | 28 | 8 | 8 | 1 |
| 31 Mar 17 | 24 | 2 | 7 | 1 |
| 31 Dec 16 | 20 | 2 | 7 | 1 |
| 30 Sep 16 | 18 | 1 | 7 | 1 |
| 30 Jun 16 | 17 | 1 | 6 | 1 |
| 31 Mar 16 | 17 | 1 | 6 | 1 |
| 31 Dec 15 | 16 | 0 | 6 | 1 |
| 30 Sep 15 | 15 | 1 | 5 | 1 |
| 30 Jun 15 | 14 | -1 | 5 | 1 |
Quality Earnings: LPTH is currently unprofitable.
Growing Profit Margin: LPTH is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LPTH is unprofitable, and losses have increased over the past 5 years at a rate of 44.3% per year.
Accelerating Growth: Unable to compare LPTH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LPTH is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (10.6%).
Return on Equity
High ROE: LPTH has a negative Return on Equity (-20.78%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 02:18 |
| End of Day Share Price | 2026/06/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
LightPath Technologies, Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ku Kang | B. Riley Securities, Inc. |
| Austin Moeller | Canaccord Genuity |
| Catharine Trebnick | Colliers Securities |