LPTHLIGHTPATH TECHNOLOGIES INC
Semiconductors & Related Devices
- Revenue
- $72M
- 93% YoY
- Operating margin
- -27.4%
- 14% YoY
- EBITDA
- −$15M
- 90% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$93M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear10% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $36M | $33M | $32M | $37M | $72M | 93% |
| Operating income | −$3M | −$4M | −$8M | −$12M | −$20M | 66% |
| Net income | −$4M | −$4M | −$8M | −$15M | −$21M | 38% |
| Operating cash flow | $1M | −$3M | $521K | −$8M | −$10M | 23% |
| Capex | $2M | $3M | $2M | $1M | $6M | 397% |
| Stock-based comp | $825K | $1M | $1M | $1M | $3M | 174% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $16M | $24M | 643 | — |
| FY2025 | $779K | $1M | 138 | — |
| FY2024 | $478K | $461K | 49 | — |