Lightpath Technologies Inc. (LPTH)
NASDAQ (CM) NASDAQ (CM) Primary 
XFRA Summary
LightPath Technologies: Broadening In Scope, And More Critical To The Western Supply Chain
LightPath Technologies has transformed from a low-value optics supplier to a leading U.S.-based infrared imaging systems provider, capitalizing on Western supply chain shifts. LPTH's proprietary BlackDiamond glass and onshoring strategy have driven triple-digit revenue and backlog growth, with the current backlog at $110.6M, ensuring multi-year revenue visibility. Despite robust topline and margin expansion, LPTH remains unprofitable at the GAAP level, with elevated SG&A and product development expenses, cash outflows, and significant share dilution from recent capital raises.
LightPath Taking Off
LightPath (LPTH) is transforming into a vertically integrated, NDAA-compliant supplier of proprietary BlackDiamond infrared optics, uniquely positioned for US defense demand. LPTH's BlackDiamond glass is the sole domestic alternative to germanium, benefiting from federal mandates to eliminate foreign-sourced optics by 2030 and a surging defense TAM. Recent acquisitions and capacity expansions enable LPTH to address larger, higher-value assemblies for satellites, drones, and border security, driving margin expansion and backlog growth.
LPTH Surges 503% in the Past Year: Should You Stay Invested?
LightPath is up 503% in a year as defense programs, BlackDiamond glass and the G5 Infrared deal lift backlog and revenue momentum.
Lightpath Technologies Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 13,175 | $179,575.25 | $172,065.5 | -$7,509.75 | -4.18% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,000 | $10,030 | $13,090 | $3,060 | 30.51% |
| NA Nizar Araji National Bank Of Canada /FI/ | 2,770 | $27,783.1 | $36,162.35 | $8,379.25 | 30.16% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 37,185 | $401,598 | $485,636.1 | $84,038.1 | 20.93% |
| BG Bart Gancher Intech Investment Management LLC | 12,760 | $173,918.8 | $166,581.8 | -$7,337 | -4.22% |
Lightpath Technologies Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CJ Clarke Jeffries Piper Sandler | 270.45 | $3,713.31 | $4,102.76 | $389.45 | 10.49% |
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Lightpath Technologies Inc. Profile
| Automobile Components Industry | Consumer Discretionary Sector | Shmuel Rubin CEO | NASDAQ (CM) Exchange | 532257805 CUSIP |
| US Country | 348 Employees | - Last Dividend | 4 Mar 2003 Last Split | 22 Feb 1996 IPO Date |
Overview
LightPath Technologies, Inc., founded in 1985 and based in Orlando, Florida, stands as a pivotal entity in the optical technology industry. The company is dedicated to the design, development, manufacture, and distribution of advanced optical components and assemblies. It has meticulously carved its niche by specializing in precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and a variety of other critical optical components. These offerings are engineered to manipulate light in sophisticated ways, serving a diverse spectrum of applications across defense, medical devices, industrial tools, and more. LightPath Technologies distinguishes itself through direct sales to customers primarily in Europe and Asia, leveraging its extensive technological expertise to cater to a global market.
Products and Services
LightPath Technologies' product portfolio is marked by a strong emphasis on innovation and quality, catering to various industries. Some of their major products include:
- Precision Molded Glass Aspheric Optics: These high-quality optics are designed for applications requiring precise light manipulation, offering superior performance over conventional spherical lenses in various applications like imaging systems, laser delivery, and optical communication.
- Molded and Diamond-Turned Infrared Aspheric Lenses: These lenses cater specifically to the infrared spectrum, suitable for advanced applications in thermal imaging, night vision, and environmental monitoring. Their precision manufacturing ensures high-quality imagery and performance in demanding conditions.
- Other Optical Components: Beyond aspheric lenses, LightPath manufactures a wide range of optical components used in devices that require precise light control. These components find applications in sectors ranging from barcode scanning to telecommunications, adding versatility to LightPath's offerings.
- Infrared Products: The company produces both catalog and custom infrared optics, addressing the needs of specialized applications in defense, surveillance, and medical diagnostics. Their ability to customize solutions allows for integration into complex systems requiring specific infrared optical profiles.
These products find their way into a vast array of sectors, including but not limited to 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. The company’s focus on direct customer interaction in Europe and Asia underscores its commitment to global service and support, ensuring that clients receive the most effective and tailored optical solutions for their unique applications.
