LightPath Technologies

OverviewSuggest Edit

LightPath Technologies is a provider of optical solutions for industrial, defense, communications, test and measurement, and medical applications. The company designs, manufactures, and distributes optical and infrared components, such as molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, and fused fiber collimators. LightPath Technologies also offers custom optical assemblies, including full engineering design support for optics and mechanics.
TypePublic
Founded1985
HQOrlando, FL, US
Websitelightpath.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Jun 2021)353(-2%)
Revenue (FY, 2021)$38.5 M(+11%)
Share Price (May 2022)$1.7
Cybersecurity ratingBMore
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Key People/Management at LightPath Technologies

Sam Rubin

Sam Rubin

President and Chief Executive Officer, Director
Albert Miranda

Albert Miranda

Chief Financial Officer
Mark Palvino

Mark Palvino

Vice President of Global Sales and Marketing
Peter Greif

Peter Greif

Vice President of Operations
Louis Leeburg

Louis Leeburg

Chairman of the Board
Scott Faris

Scott Faris

Director
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LightPath Technologies Office Locations

LightPath Technologies has offices in Orlando, Shanghai and Zhenjiang
Orlando, FL, US (HQ)
2603 Challenger Tech Ct #100
Shanghai, CN
Room 1608, No. 1118 Yecheng RD, Jiading Industry Park
Zhenjiang, CN
40th Building, No.99 Jing 15 Road Ding Mao
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LightPath Technologies Financials and Metrics

LightPath Technologies Revenue

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LightPath Technologies's revenue was reported to be $38.46 m in FY, 2021 which is a 10% increase from the previous period.
USD

Revenue (Q2, 2022)

9.2m

Gross profit (Q2, 2022)

2.8m

Gross profit margin (Q2, 2022), %

30.3%

Net income (Q2, 2022)

(1.1m)

EBIT (Q2, 2022)

(980.4k)

Market capitalization (26-May-2022)

44.0m

Closing stock price (26-May-2022)

1.7

Cash (31-Dec-2021)

5.1m

EV

53.4m
LightPath Technologies's current market capitalization is $44 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

33.7m35.0m38.5m

Revenue growth, %

4%4%10%

Cost of goods sold

21.2m21.1m25.0m

Gross profit

12.5m13.8m13.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

7.6m9.6m8.7m9.5m9.9m10.7m9.1m9.2m

Cost of goods sold

5.2m5.7m4.7m5.7m6.3m6.8m5.9m6.4m

Gross profit

2.4m3.9m4.0m3.9m3.6m3.9m3.2m2.8m

Gross profit Margin, %

32%41%46%40%37%36%35%30%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

4.6m5.4m6.8m

Accounts Receivable

6.2m6.2m4.7m

Prepaid Expenses

754.6k565.2k475.4k

Inventories

7.7m9.0m8.7m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

4.7m4.3m4.4m5.4m5.3m5.9m4.0m5.1m

Accounts Receivable

5.5m7.4m6.3m6.3m6.8m6.2m5.9m5.0m

Prepaid Expenses

563.0k415.9k875.3k666.5k346.4k487.9k455.7k418.9k

Inventories

8.0m7.5m8.2m9.6m9.7m8.9m8.7m7.3m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(2.7m)866.9k(3.2m)

Depreciation and Amortization

3.5m3.4m3.5m

Inventories

(1.4m)(1.4m)167.5k

Accounts Payable

883.2k97.2k1.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

(1.4m)(606.0k)210.0k97.1k(49.5k)(272.0k)(632.1k)(1.7m)

Depreciation and Amortization

892.1k1.8m2.6m826.3k1.7m2.6m911.0k1.8m

Inventories

(332.2k)142.2k(590.4k)(775.2k)(842.0k)(43.5k)(109.8k)1.2m

Accounts Payable

9.4k146.5k(857.8k)96.7k699.4k339.9k(799.7k)(1.5m)
USDFY, 2019

EV/EBIT

-23.3 x

EV/CFO

64.6 x

Revenue/Employee

99.6k

Debt/Equity

0.2 x

Debt/Assets

0.2 x

Financial Leverage

1.4 x

P/E Ratio

(9.1)
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LightPath Technologies Operating Metrics

LightPath Technologies's Units Shipped was reported to be 3.8 m in FY, 2021. LightPath Technologies's Backlog was reported to be $21.3m in FY, 2021.
FY, 2019FY, 2020FY, 2021

Backlog

$17.12 m$19.08 m$21.33 m

Units Shipped

2.59 m3.62 m3.75 m

Units Shipped (Infrared Products)

232.08 k384.34 k579.56 k

Units Shipped (Speciality Products)

69.55 k41.44 k32.98 k

LightPath Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
ISP Optics CorporationDecember 21, 2016$18 m
GelTech Inc.September 20, 2004
Horizon PhotonicsApril 17, 2000$36.2 m
GELTECH , Inc.
ISP Optics Corporation
ISP Optics Latvia, SIA
LightPath Optical Instrumentation (Shanghai) Co., Ltd
LightPath Optical Instrumentation (Zhenjiang) Co., Ltd

LightPath Technologies Revenue Breakdown

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LightPath Technologies revenue breakdown by business segment: 54.5% from Infrared Products, 41.3% from PMO and 4.2% from Other

LightPath Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

LightPath Technologies Online and Social Media Presence

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LightPath Technologies News and Updates

LightPath Technologies Reports Financial Results for Fiscal 2022 First Quarter

LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company," or "we"), a vertically integrated provider of engineered solutions for the global photonics industry, today announced financial results for its fiscal 2022 first quarter ended September 30, 2021.

LightPath Technologies Schedules Fiscal 2022 First Quarter Financial Results Conference Call for November 4, 2021

LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced the addition of freeform optics to its portfolio of high perf…

LightPath Technologies Expands Optics Solutions to Tap into AR and VR Markets

LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced the addition of freeform optics to its portfolio of high perf…

Thinking about buying stock in LightPath Technologies, Minerva Neurosciences, Cerecor, Eloxx Pharmaceuticals, or Soleno Therapeutics?

NEW YORK, May 19, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LPTH, NERV, CERC, ELOX, and SLNO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

LightPath Technologies Blogs

LightPath CEO Sam Rubin Invited to Speak at Washington, DC Event and Industry Trade Show on Supply Chain Resiliency

To Discuss Successfully Aligning with White House Executive Order 14017 for Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-based Growth ORLANDO, FL / ACCESSWIRE / March 31, 2022... The post LightPath CEO Sam Rubin Invited to Speak at Washington, DC Event a…

Attollo Engineering Chooses LightPath’s Freeform Optics For Use In Its LiDAR Products

CAMARILLO, CA / ACCESSWIRE / March 30, 2022 / Attollo Engineering (www.attolloengineering.com), a leader in innovative infrared systems for imaging and laser detection, today announced a collaboration with LightPath Technologies Inc.... The post Attollo Engineering Chooses LightPath’s Freeform Optic…

LightPath to Participate in Maxim Group Virtual Growth Conference

ORLANDO, FL / ACCESSWIRE / March 21, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared technologies and high-level assemblies, today announced that it... The …

LightPath Provides Update on Operations Amid Covid-19 Breakouts in China and Russia Invasion of Ukraine

ORLANDO, FL / ACCESSWIRE / March 16, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer and integrator of proprietary optical and... The post LightPath Provides Update on Operations Amid Covid-19 Breakouts in C…

LightPath Receives Military Qualification for BD6 DLC Lenses

Enables Access to Large and Fast Growing Defense Market ORLANDO, FL / ACCESSWIRE / March 9, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer and integrator of proprietary... The post LightPath Receives Milita…

LightPath Technologies Wins Prestigious PRISM Award for Its New Freeform Optics

Technology to Enable Metaverse and LIDAR ORLANDO, FL / ACCESSWIRE / January 28, 2022 / LightPath Technologies, Inc. (NASDAQ:LPTH) (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer... The post LightPath Technologies Wins Prestigious PRISM Award for Its New Fre…
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LightPath Technologies Frequently Asked Questions

  • When was LightPath Technologies founded?

    LightPath Technologies was founded in 1985.

  • Who are LightPath Technologies key executives?

    LightPath Technologies's key executives are Sam Rubin, Albert Miranda and Mark Palvino.

  • How many employees does LightPath Technologies have?

    LightPath Technologies has 353 employees.

  • What is LightPath Technologies revenue?

    Latest LightPath Technologies annual revenue is $38.5 m.

  • What is LightPath Technologies revenue per employee?

    Latest LightPath Technologies revenue per employee is $109 k.

  • Who are LightPath Technologies competitors?

    Competitors of LightPath Technologies include Nikon Instruments, Incom and Qioptiq Photonics UK.

  • Where is LightPath Technologies headquarters?

    LightPath Technologies headquarters is located at 2603 Challenger Tech Ct #100, Orlando.

  • Where are LightPath Technologies offices?

    LightPath Technologies has offices in Orlando, Shanghai and Zhenjiang.

  • How many offices does LightPath Technologies have?

    LightPath Technologies has 3 offices.