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Our Company LightPath Technologies, Inc. ( LightPath , the Company , we , our , or us ) was incorporated under Delaware law in 1992 as the successor to LightPath Technologies Limited Partnership, a New Mexico limited partnership formed in 1989, and its predecessor, Integrated Solar Technologies Corporation, a New Mexico corporation formed in 1985. Today, LightPath is a global company with facil…
$18.15
+$0.54 (+3.07%)
Price from 8 days ago
The business is unprofitable at the operating level (-31.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 17.3%, still solid. Margins contracted 7.1pp, which offsets some of the top-line progress.
ROIC dropped from -14.11% to -26.31%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$63M
▲ +17.3% YoY
Net Income (TTM)
-$23M
▼ -85.7% YoY
Op. Margin
-31.64%
▼ -7.1pp YoY
ROIC
-24.57%
▼ -12.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -477.3% YoY
Op. Cash Flow (TTM)
-$8M
▼ -1699.0% YoY
Net Debt
-$44M
Net Cash Position
Cash & Equiv.
$55M
5Y CAGR: +1.2%
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