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Lightpath (LPTH)

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
SEC CIK
Subsidiaries
GelTech Inc. • LightPath Optical Instrumentation (Shanghai) Co., Ltd • LightPath Optical Instrumentation (Zhenjiang) Co., Ltd • ISP Optics Corporation ...
IRS number
860708398

LPTH stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 May 22
20 Aug 22
30 Jun 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
45.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 38 34 +11.8%
Opened positions 8 6 +33.3%
Closed positions 4 8 -50.0%
Increased positions 8 4 +100.0%
Reduced positions 6 10 -40.0%
13F shares Current Prev Q Change
Total value 27.87M 19.6M +42.2%
Total shares 12.38M 9.55M +29.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
AIGH Capital Management 2.04M $4.02M +48.8%
Hirschman Orin 1.82M $4.42M NEW
Marathon Micro Fund 1.7M $3.95M +13.3%
Royce & Associates 1.23M $2.42M +0.8%
Relyea Zuckerberg Hanson 1.12M $1.98M 0.0%
Pudong Science & Technology Investment 1.05M $2.56M 0.0%
Vanguard 1.02M $2.01M -0.5%
Renaissance Technologies 780.47K $1.54M -2.8%
Worth Venture Partners 509.43K $1M +62.0%
BLK Blackrock 273.86K $539K +0.7%
Largest transactions Shares Bought/sold Change
Hirschman Orin 1.82M +1.82M NEW
AIGH Capital Management 2.04M +669.25K +48.8%
Marathon Micro Fund 1.7M +200K +13.3%
Worth Venture Partners 509.43K +195.02K +62.0%
Geode Capital Management 229.59K -74.19K -24.4%
Citadel Advisors 52.13K +52.13K NEW
Squarepoint Ops 17.56K -26.6K -60.2%
Game Plan Financial Advisors 112K +25K +28.7%
Renaissance Technologies 780.47K -22.1K -2.8%
Susquehanna International 0 -21.67K EXIT

Financial report summary

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Competition
PANASONICMKS InstrumentsUmicore
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

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Positive
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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