LightPath Technologies, Inc. is a leading global, vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. LightPath designs and manufactures proprietary optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and proprietary Black DiamondTM ("BD6") chalcogenide-based glass lenses. LightPath also offers custom optical assemblies, including full engineering design support. The Company is headquartered in Orlando, Florida, with manufacturing and sales offices in Latvia and China.

Company profile
Ticker
LPTH
Exchange
Website
CEO
Sam Rubin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
GelTech Inc. • LightPath Optical Instrumentation (Shanghai) Co., Ltd • LightPath Optical Instrumentation (Zhenjiang) Co., Ltd • ISP Optics Corporation ...
IRS number
860708398
LPTH stock data
News

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19 Aug 22
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22 Jul 22
Press releases
LightPath Technologies, Inc. to Present at Investor Summit Group's Q3 Virtual Conference
10 Aug 22
LightPath Technologies Announces Supply Agreement with Long Time European Customer for Precision Molded Optics
2 Aug 22
LightPath Technologies to Present at LD Micro Invitational June 7th - 9th, 2022
6 Jun 22
Investment data
Securities sold
Number of investors
Calendar
12 May 22
20 Aug 22
30 Jun 23
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10.48M | 10.48M | 10.48M | 10.48M | 10.48M | 10.48M |
Cash burn (monthly) | (no burn) | 116.63K | 152.34K | 411.84K | (no burn) | (no burn) |
Cash used (since last report) | n/a | 542.76K | 708.99K | 1.92M | n/a | n/a |
Cash remaining | n/a | 9.94M | 9.77M | 8.57M | n/a | n/a |
Runway (months of cash) | n/a | 85.2 | 64.2 | 20.8 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Jun 22 | Shmuel Rubin | Class A common stock | Buy | Acquire P | No | No | 1.25 | 700 | 875 | 46,186 |
29 Jun 22 | Albert Miranda | Class A common stock | Buy | Acquire P | No | No | 1.25 | 800 | 1K | 9,800 |
20 May 22 | Louis Leeburg | Class A common stock | Buy | Acquire P | No | No | 1.6 | 3,000 | 4.8K | 119,191 |
20 May 22 | Louis Leeburg | Class A common stock | Buy | Acquire P | No | No | 1.76 | 3,000 | 5.28K | 112,191 |
17 May 22 | Shmuel Rubin | Class A common stock | Buy | Acquire P | No | No | 1.6957 | 2,000 | 3.39K | 45,486 |
29 Mar 22 | Darcie Peck | Class A common stock | Buy | Acquire P | Yes | No | 2.09 | 18,367 | 38.39K | 22,500 |
29 Mar 22 | Darcie Peck | Class A common stock | Buy | Acquire P | Yes | No | 2.07 | 200 | 414 | 22,500 |
29 Mar 22 | Darcie Peck | Class A common stock | Buy | Acquire P | Yes | No | 2.06 | 1,431 | 2.95K | 22,500 |
29 Mar 22 | Darcie Peck | Class A common stock | Buy | Acquire P | Yes | No | 2.05 | 2,333 | 4.78K | 22,500 |
29 Mar 22 | Darcie Peck | Class A common stock | Buy | Acquire P | Yes | No | 2.04 | 169 | 344.76 | 22,500 |
Institutional ownership, Q1 2022
45.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 38 |
Opened positions | 8 |
Closed positions | 4 |
Increased positions | 8 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 27.87M |
Total shares | 12.38M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AIGH Capital Management | 2.04M | $4.02M |
Hirschman Orin | 1.82M | $4.42M |
Marathon Micro Fund | 1.7M | $3.95M |
Royce & Associates | 1.23M | $2.42M |
Relyea Zuckerberg Hanson | 1.12M | $1.98M |
Pudong Science & Technology Investment | 1.05M | $2.56M |
Vanguard | 1.02M | $2.01M |
Renaissance Technologies | 780.47K | $1.54M |
Worth Venture Partners | 509.43K | $1M |
BLK Blackrock | 273.86K | $539K |
Financial report summary
?Management Discussion
- Revenue for fiscal 2021 was approximately $38.5 million, an increase of 10%, as compared to $35.0 million in fiscal 2020. Revenue generated by infrared products was approximately $21.0 million in fiscal 2021, an increase of 16%, as compared to the prior fiscal year. The increase in revenue is attributed to increases in sales of both molded and diamond-turned infrared products to customers in the industrial market, including a key customer with an annual supply agreement, which agreement was renewed for a higher dollar value during fiscal 2021. Industrial applications, firefighting cameras, and other public safety applications continue to be the primary drivers of the increased demand for infrared products, including thermal imaging assemblies. More recently, we have seen an increase in demand for medical and temperature sensing applications, such as fever detection. Demand for temperature sensing applications have been accelerated by COVID-19, and although the demand has leveled off since the initial spike, it remains elevated.
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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New words:
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Removed:
borrowed, fewer, headcount, moving, negative, pace, repaid, repeat, stage, traditional
Financial reports
Current reports
8-K
LightPath Technologies Reports Financial Results for Fiscal 2022 Third Quarter
12 May 22
8-K
Entry into a Material Definitive Agreement
16 Feb 22
8-K
LightPath Technologies Reports Financial Results for Fiscal 2022 Second Quarter
10 Feb 22
8-K
Entry into a Material Definitive Agreement
23 Dec 21
8-K
Submission of Matters to a Vote of Security Holders
15 Nov 21
8-K
LightPath Technologies Reports Financial Results for Fiscal 2022 First Quarter
4 Nov 21
8-K
Entry into a Material Definitive Agreement
27 Sep 21
8-K
LightPath Technologies Reports Financial Results for Fiscal Year and Fourth Quarter 2021
9 Sep 21
8-K
LightPath Technologies Announces Preliminary Results for Fourth Quarter and Fiscal Year 2021
5 Aug 21
8-K
Entry into a Material Definitive Agreement
17 May 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
10 Mar 22
424B3
Prospectus supplement
8 Mar 18
S-3
Shelf registration
13 Feb 18
D
$2.25M in equity, sold $2.25M, 2 investors
25 Jan 18
S-8
Registration of securities for employees
19 Nov 17
424B4
Prospectus supplement with pricing info
18 Dec 16
S-1/A
IPO registration (amended)
17 Nov 16
Other
SD
Conflict minerals disclosure
31 May 22
EFFECT
Notice of effectiveness
2 Mar 22
CORRESP
Correspondence with SEC
24 Feb 22
UPLOAD
Letter from SEC
22 Feb 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
13 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
18 May 18
EFFECT
Notice of effectiveness
7 Mar 18
CORRESP
Correspondence with SEC
5 Mar 18
Ownership
4
LIGHTPATH / Albert Miranda ownership change
30 Jun 22
4
LIGHTPATH / Shmuel Rubin ownership change
30 Jun 22
4
LIGHTPATH / LOUIS LEEBURG ownership change
20 May 22
4
LIGHTPATH / Shmuel Rubin ownership change
18 May 22
4
LIGHTPATH / Darcie Peck ownership change
30 Mar 22
4
LIGHTPATH / LOUIS LEEBURG ownership change
23 Mar 22
4
LIGHTPATH / Shmuel Rubin ownership change
23 Mar 22
4
LIGHTPATH / Shmuel Rubin ownership change
1 Mar 22
4
LIGHTPATH / Shmuel Rubin ownership change
23 Feb 22
4
LIGHTPATH / Albert Miranda ownership change
22 Feb 22
Patents
Utility
Integrated Optical Assembly and Manufacturing the Same
24 Feb 22
An integrated optical assembly comprises an optics mount, an optical element comprising material that is optically transparent, the optical element molded in the optics mount, and an optical aperture wherein the optical aperture is secured in fixed position with respect to the optics mount and the transparent optical element.
Utility
Systems and Methods for Molding Chalcogenide Glass into a Near-net Shaped Part
17 Feb 22
A method of fabricating a shaped optical element for refracting infrared light.
Utility
Integrated optical assembly and manufacturing the same
6 Apr 21
An integrated optical assembly comprises an optics mount, an optical element comprising material that is optically transparent, the optical element molded in the optics mount, and an optical aperture wherein the optical aperture is secured in fixed position with respect to the optics mount and the transparent optical element.
Utility
One Optical Design Pattern/method of a Cost Effective Ir Lens
18 Mar 21
An optical design pattern/method was invented to control the total cost including the material and the manufacturing of IR imaging lenses.
Utility
Fiducials for Precision Optics Molding
4 Mar 21
Methods and mold designs provide for fiducials in molding glass optical elements, such as glass lenses.
Transcripts
2022 Q3
Earnings call transcript
12 May 22
2022 Q2
Earnings call transcript
11 Feb 22
2021 Q4
Earnings call transcript
10 Sep 21
2021 Q3
Earnings call transcript
10 May 21
2021 Q1
Earnings call transcript
8 Nov 20
2021 Q1
Earnings call transcript
5 Nov 20
2020 Q4
Earnings call transcript
10 Sep 20
2020 Q3
Earnings call transcript
10 May 20
2020 Q2
Earnings call transcript
6 Feb 20
2020 Q1
Earnings call transcript
7 Nov 19
Reddit threads
Daily Discussion Thread - May 12th, 2022
12 May 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - February 10th, 2022
10 Feb 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22
Investors flocking to defensive sectors.
16 Dec 21
Lightpath Technologies Get on board
9 Dec 21
Daily Discussion Thread - November 4th, 2021
4 Nov 21
Daily Discussion Thread - November 3rd, 2021
3 Nov 21