LightPath Technologies (LPTH) stock price, revenue, and financials

LightPath Technologies market cap is $38 m, and annual revenue was $33.75 m in FY 2019

$38 M

LPTH Mkt cap, 21-Feb-2020

$9.6 M

LightPath Technologies Revenue Q2, 2020
LightPath Technologies Gross profit (Q2, 2020)3.9 M
LightPath Technologies Gross profit margin (Q2, 2020), %40.9%
LightPath Technologies Net income (Q2, 2020)769.1 K
LightPath Technologies EBIT (Q2, 2020)1.1 M
LightPath Technologies Cash, 31-Dec-20194.3 M
LightPath Technologies EV40.2 M

LightPath Technologies Revenue

LightPath Technologies revenue was $33.75 m in FY, 2019 which is a 3.8% year over year increase from the previous period.

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LightPath Technologies Revenue Breakdown

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LightPath Technologies revenue breakdown by business segment: 41.8% from Precision Molded Optics, 51.2% from Infrared Products and 7.1% from Speciality Products

LightPath Technologies Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

17.3m28.4m32.5m33.7m

Revenue growth, %

26%64%15%4%

Cost of goods sold

8.0m13.6m20.0m21.2m

Gross profit

9.3m14.7m12.5m12.5m

Gross profit Margin, %

54%52%39%37%

R&D expense

668.8k1.2m1.6m2.0m

General and administrative expense

6.6m8.7m9.2m10.5m

Operating expense total

7.3m10.6m12.2m13.7m

Depreciation and amortization

693.9k1.3m1.2m

EBIT

2.0m4.1m373.6k(1.1m)

EBIT margin, %

12%15%1%(3%)

Interest expense

37.6k413.4k186.9k697.1k

Pre tax profit

1.6m3.4m233.0k(2.2m)

Income tax expense

199.3k(4.3m)(827.1k)455.2k

Net Income

1.4m7.7m1.1m(2.7m)

LightPath Technologies Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.9m8.1m5.5m4.6m

Accounts Receivable

3.5m5.9m5.4m6.2m

Prepaid Expenses

652.3k641.5k1.1m754.6k

Inventories

3.8m5.1m6.4m7.7m

Current Assets

11.2m19.7m19.4m19.6m

PP&E

4.4m10.3m11.8m11.7m

Goodwill

5.9m5.9m5.9m

Total Assets

15.6m46.7m47.1m46.0m

Accounts Payable

1.4m1.5m2.0m2.2m

Short-term debt

166.5k1.4m1.8m1.5m

Current Liabilities

3.2m5.8m5.7m6.4m

Long-term debt

178.9k10.1m5.7m6.2m

Total Debt

345.4k11.4m7.4m7.7m

Total Liabilities

4.7m17.0m11.8m12.5m

Common Stock

155.9k242.2k257.6k258.1k

Additional Paid-in Capital

214.7m225.5m229.9m230.3m

Retained Earnings

(204.0m)(196.3m)(195.2m)(197.9m)

Total Equity

10.9m29.7m35.4m33.5m

Debt to Equity Ratio

0 x0.4 x0.2 x0.2 x

Debt to Assets Ratio

0 x0.2 x0.2 x0.2 x

Financial Leverage

1.4 x1.6 x1.3 x1.4 x

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

3.6m5.7m6.8m8.1m7.7m6.4m4.5m3.6m4.6m4.7m4.3m

Accounts Receivable

3.3m5.6m5.7m5.2m5.7m5.7m5.2m6.2m5.9m5.5m7.4m

Prepaid Expenses

576.9k353.6k615.4k665.8k629.4k1.0m1.2m861.4k934.1k563.0k415.9k

Inventories

4.0m5.0m5.1m5.4m5.8m6.4m6.4m6.7m7.6m8.0m7.5m

Current Assets

11.6m17.2m18.3m19.4m19.9m19.6m18.3m18.5m19.1m18.8m19.6m

PP&E

4.5m9.5m9.8m11.4m11.8m12.3m11.8m12.2m12.5m11.4m11.6m

Goodwill

1.2m513.9k5.9m5.9m5.9m5.9m5.9m5.9m5.9m5.9m

Total Assets

16.2m38.8m39.7m47.1m47.8m47.6m46.0m46.4m46.9m46.1m46.8m

Accounts Payable

1.4m1.7m1.6m2.3m1.9m2.0m1.9m2.0m2.4m2.7m2.7m

Short-term debt

166.5k796.2k1.1m1.4m1.4m1.7m2.2m1.8m983.0k1.7m

Current Liabilities

3.6m5.1m5.3m6.1m5.1m5.3m5.3m5.7m5.4m7.0m7.1m

Long-term debt

143.6k11.1m10.4m9.8m9.7m5.8m5.2m5.1m5.8m6.9m6.4m

Total Debt

310.1k11.9m11.4m11.1m11.1m7.4m7.5m7.0m6.8m8.6m6.4m

Total Liabilities

4.8m17.0m16.8m16.9m15.5m11.5m10.9m11.2m11.8m13.9m13.6m

Common Stock

156.5k237.3k241.2k242.5k247.0k257.3k257.7k257.9k258.1k258.3k258.4k

Preferred Stock

Additional Paid-in Capital

214.9m224.1m225.1m225.7m227.3m229.7m230.0m230.1m230.2m230.4m230.5m

Retained Earnings

(203.9m)(202.8m)(202.7m)(196.1m)(195.7m)(194.4m)(195.8m)(195.8m)(196.2m)(199.3m)(198.5m)

Total Equity

11.4m21.8m22.9m30.2m32.3m36.1m35.1m35.2m35.1m32.2m33.3m

Debt to Equity Ratio

0 x0.5 x0.5 x0.4 x0.3 x0.2 x0.2 x0.2 x0.2 x0.3 x

Debt to Assets Ratio

0 x0.3 x0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x0.1 x0.2 x

Financial Leverage

1.4 x1.8 x1.7 x1.6 x1.5 x1.3 x1.3 x1.3 x1.3 x1.4 x1.4 x

LightPath Technologies Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.4m7.7m1.1m(2.7m)

Depreciation and Amortization

848.0k2.1m3.4m3.5m

Accounts Receivable

(650.8k)(1.0m)618.4k(833.7k)

Inventories

(916.9k)(318.6k)(1.3m)(1.4m)

Accounts Payable

724.1k846.5k(178.1k)883.2k

Cash From Operating Activities

1.5m5.0m2.6m411.2k

Purchases of PP&E

(1.1m)(2.2m)(2.5m)(1.9m)

Cash From Investing Activities

(1.1m)(14.0m)(2.5m)(1.2m)

Long-term Borrowings

(182.9k)(193.9k)(5.0m)(7.2m)

Cash From Financing Activities

236.9k14.2m(1.3m)(1.4m)

Net Change in Cash

1.3m5.2m(1.6m)(1.9m)

Interest Paid

37.6k334.6k546.3k501.0k

Income Taxes Paid

4.3k680.1k386.5k406.5k

LightPath Technologies Ratios

USDY, 2019

EV/EBIT

38 x

EV/CFO

42.8 x

Financial Leverage

1.4 x

LightPath Technologies Operating Metrics

LightPath Technologies's Units Shipped was reported to be 2.4 m in FY, 2018. LightPath Technologies's Backlog was reported to be $12.8m in FY, 2018.
FY, 2016FY, 2017FY, 2018

Backlog

$6.60 m$9.32 m$12.83 m

Units Shipped

1.92 m2.73 m2.42 m

Units Shipped (Low Volume Precision Molded Optics)

301.49 k364.33 k299.29 k

Units Shipped (High Volume Precision Molded Optics)

1.45 m2.16 m1.91 m

Units Shipped (Infrared Products)

32.63 k106.82 k153.26 k

Units Shipped (Speciality Products)

137.54 k91.10 k62.18 k

Units Shipped (Non-Recurring Engineering)

1.91 k58 29