LIGHTPATH TECHNOLOGIES INC
LPTHNasdaqTechnology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $37.2M | $31.7M | $32.9M | $35.6M | $38.5M | $35.0M |
| Operating income | −$11.8M | −$7.8M | −$3.6M | −$2.6M | −$1.8M | $2.1M |
| Net income | −$14.9M | −$8.0M | −$4.0M | −$3.5M | −$3.2M | $866,929 |
| Total assets | $81.5M | $48.1M | $53.5M | $50.7M | $54.6M | $47.6M |
| Total liabilities | $31.6M | $17.9M | $17.6M | $21.0M | $21.0M | $13.0M |
| Equity | $15.6M | $30.2M | $36.0M | $29.7M | $33.6M | $34.6M |
| EPS (diluted) | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 | $0.03 |
| Shares out. | 44.7M | 39.6M | 37.5M | 27.1M | 27.0M | 26.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −31.8%
- Net margin
- −40.0%
- Return on equity
- −95.1%
- Return on assets
- −18.2%
- Return on capital (ROCE)
- −18.4%
- Liabilities / assets
- 38.8%
- Debt / equity
- 2.02×
- Book value / share
- $0.35
- Revenue growth (YoY)
- 17.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -8.78distress
- Accruals / assets
- −8.0%clean
- Beneish M-Score
- -2.04normal
- Piotroski F-Score
- 1/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Oct 1, 2007
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- North Run Strategic Opportunities Fund I, LpActivist (13D)May 14, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Hirschman OrinPassive (13G)Nov 10, 2025
- Marathon Micro Fund, LpPassive (13G)Oct 10, 2025
- Leviticus Partners LpPassive (13G)Aug 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 4.4M | 1.5 | +21.3% |
| Apr 30, 2026 | 3.6M | 1.0 | -11.2% |
| Apr 15, 2026 | 4.1M | 1.9 | +19.9% |
| Mar 31, 2026 | 3.4M | 1.7 | -4.6% |
| Mar 13, 2026 | 3.6M | 1.8 | +4.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 7, 2026
- Regulation FD disclosureFeb 27, 2026
- Results of operationsFeb 11, 2026
- Entered a material agreement · Completed an acquisition or disposition · New financial obligation · Unregistered equity sale · Regulation FD disclosureJan 23, 2026
- Shareholder voteDec 18, 2025
- Entered a material agreement · Regulation FD disclosureDec 12, 2025
- Results of operationsNov 12, 2025
- Director / officer changeOct 14, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4May 20, 2026
- SCHEDULE 13D/AMay 14, 2026
- 4FORM 4May 14, 2026
- 10-QFORM 10-QMay 7, 2026
- 8-KFORM 8-KMay 7, 2026
- SCHEDULE 13GApr 30, 2026
- DApr 28, 2026
- 4FORM 4Mar 30, 2026
- 4PRIMARY DOCUMENTMar 26, 2026
- 4FORM 4Mar 19, 2026
- 144/AMar 4, 2026
- SCHEDULE 13D/AMar 4, 2026
- 4FORM 4Mar 4, 2026
- 144Mar 4, 2026
- 8-KFORM 8-KFeb 27, 2026
Event-driven situations (1)
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