10x Insights
Loading account…
Companies / Technology / LIGHTPATH TECHNOLOGIES INC
LPTH

LIGHTPATH TECHNOLOGIES INC

TechnologySemiconductors
Ticker LPTHORLANDO, FLFiscal year ends JuneBook value per share $2.80Diluted shares 53.4M

LightPath Technologies, Inc. (NASDAQ: LPTX) is a global photonics company specializing in infrared optical components, assemblies, modules, and imaging systems. The company operates through four primary product groups: infrared components, visible components, assemblies and modules, and engineering services. The… From the company’s description.

Fiscal year 2026 · ends 06-30Changes are against fiscal 2025
Sales & profitability
$71.72M
+92.8% year over year
-27.40%
+4.4 percentage points
$-20.55M
−38.1% year over year
-13.75%
+81.3 percentage points
Cash & financing
$-10.23M
−22.7% year over year
$-16.49M
−71.9% year over year
0.01
Was 0.36× a year earlier
53.4M
+30.6% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What LIGHTPATH TECHNOLOGIES INC does

In the company’s own words

LightPath Technologies, Inc. (NASDAQ: LPTX) is a global photonics company specializing in infrared optical components, assemblies, modules, and imaging systems. The company operates through four primary product groups: infrared components, visible components, assemblies and modules, and engineering services. The company website is www.lightpath.com.

LightPath manufactures precision molded lenses, diamond-turned optics, and infrared optical elements using proprietary materials and advanced manufacturing techniques. The company's core technological differentiators include its exclusive BlackDiamond chalcogenide glass materials, precision glass molding technology, optical coating capabilities, and system-level imaging expertise. BlackDiamond materials serve as alternatives to germanium in infrared applications, offering supply chain security and unique technical advantages including multispectral performance and low thermo-optic coefficients.

The company operates manufacturing facilities totaling approximately 154,000 square feet across the United States and Latvia. Primary facilities include a 58,500 square-foot combined production facility in Orlando, Florida; a 27,000 square-foot facility in Hudson, New Hampshire; and a 29,000 square-foot facility in Riga, Latvia. In July 2026, the company announced a definitive agreement to divest its Chinese operations.

LightPath serves defense, public safety, industrial, commercial, telecom, and medical markets. The company's customer base includes defense prime contractors, system integrators, government agencies, and original equipment manufacturers. The company has transitioned from a pure component manufacturer to a solutions provider offering optical engineered solutions and imaging subsystems.

Recent acquisitions have expanded the company's capabilities and product portfolio. The July 2023 acquisition of Visimid added thermal imaging and night vision expertise. The February 2025 acquisition of G5 Infrared brought cooled infrared camera systems and advanced coating capabilities. The January 2026 acquisition of Amorphous Materials expanded infrared glass fabrication capabilities. These strategic acquisitions support the company's evolution toward higher-value imaging subsystems and systems, with average selling prices ranging from single dollars for components to tens or hundreds of thousands of dollars for complete systems.

Company details
Sector
Technology
Industry
Semiconductors
Headquarters
ORLANDO, FL
Fiscal year end
June
CIK
889971
SIC
3674

Financial performance, year by year

Fiscal 2012–2026 · USD
$-29.77M$-2.09M$25.59M$53.27M$80.95M201220132014201520162017201820192020202120222023202420252026

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns LIGHTPATH TECHNOLOGIES INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

105
funds hold it
1 of 35
superinvestors hold it
$264.68M
held by funds, at market
23.4%
of shares held by funds

Superinvestors in LIGHTPATH TECHNOLOGIES INC · what they did last quarter

Polen CapitalINCREASED +297.8%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · LIGHTPATH TECHNOLOGIES INC’s weight in each

Tema Space Innovators ETF
NASA · Tema ETF Trust
1.62%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
Hood River Small-Cap Growth Fund
HRSMX · Manager Directed Portfolios
0.24%of fund net assets
Needham Aggressive Growth Fund
NEAGX · Needham Funds Inc
0.60%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do LIGHTPATH TECHNOLOGIES INC and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of LIGHTPATH TECHNOLOGIES INC's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in LIGHTPATH TECHNOLOGIES INC's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.