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LPLPTH

LightPath Technologies, Inc.

Trending onWhy it's trendingX chatter spiked vs its recent normBacked by solid revenue growthPrice and volume picking up
$LPTH·$562M·Hardware, Equipment & Parts·Technology
$10.46-0.7%YTD-6.0%1Y+198.0%
Mentions · last 7 days
2026-07-11: 11 posts2026-07-12: 22 posts2026-07-13: 64 posts2026-07-14: 35 posts2026-07-15: 113 posts2026-07-16: 79 posts2026-07-17: 64 posts389+66%
Price updated 5h ago·X counts updated 4h ago
LPLPTH
$LPTHLightPath Technologies, Inc.
$10.46-0.66%389 posts+66%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $LPTH, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeAcceleratingAI verdict · as of 2026-07-16

The move is getting stronger, with heavier trading behind it.

LightPath just announced an $11M infrared-camera follow-on order and was added to the Russell 3000 on a 247% twelve-month run.

LightPath Technologies makes optical elements including precision molded glass aspheric lenses and infrared imaging assemblies, $562M market cap, with fiscal Q4 2026 earnings due 2026-09-10.

  • Fiscal Q3 revenue was $19.1M, up 109% year-over-year — the third consecutive quarter of triple-digit growth as defense infrared and BlackDiamond IP licensing scale, though gross margin remains 33.8% and operating margin nearly breakeven (-0.8%).
  • On July 15, LightPath received an $11M follow-on order for infrared cameras from a leading global technology customer — meaningful relative to the current quarterly base and a signal pipeline conversion is accelerating.
  • On June 29, LightPath was added to the Russell 3000 Index — a mechanical inclusion buying pulse coincident with the operational acceleration.
  • On June 2, LightPath announced a $100M registered direct offering of Class A common stock — a meaningful dilution overhang, live under the shelf per a June 3 424B5 supplement.
  • A June 4 SC 13D/A amendment covers approximately 6.72M shares held for potential M&A activity — the position holder has been on file.
  • Consensus models fiscal 2026 EPS -$0.21 improving to +$0.03 in fiscal 2027 and $0.51 in fiscal 2028 — the multiple discounts the operating-leverage transition arriving in fiscal 2027.

The setup is a defense-photonics operator with visible defense-order flow, Russell inclusion buying, and a live $100M offering — the September print tests operating leverage.

Agrees with X sentimentX posters call LPTH one of the most asymmetric small-cap defense-photonics setups for 2026, citing record backlog, BlackDiamond IP moat, Lockheed Martin partnership, and framing it as a favorite name. That aligns with the July 15 $11M follow-on order, the Russell inclusion, and the operational acceleration — 109% year-over-year revenue growth is real. Some chatter references LMT contracts flowing through to LPTH; those linkages come from partner disclosures, not standalone LPTH filings.

What to watch: September 10 fiscal Q4 earnings — revenue growth versus the +109% pace, gross-margin trajectory (33.8% needs to expand to hit operating profitability), fiscal 2027 EPS guide versus the $0.03 analyst mid-point, and any update on the $100M direct-offering pricing and use of proceeds. BlackDiamond IP-royalty run rate is a separate qualitative read.

On the calendar: 2026-09-10 fiscal Q4 2026 earnings; the $100M offering pricing and fiscal 2027 guide are the near-term catalysts.

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment28 posts analyzed · as of 2026-07-17

LightPath Technologies is being pitched as an infrared-optics microcap with accelerating C-UAS traction. The specific catalyst is an $11M follow-on order from an existing global technology customer for IR camera systems used in a Counter-UAS program, with plans to transition that customer from Germanium-based optics to LightPath's proprietary BlackDiamond material over the program's life. Bulls describe this as a repeat buyer scaling from pilot to program and cite the June 2nd secondary offering as a masterclass in timing versus recent dilutions elsewhere. Some technical concern exists about the stock breaking weekly support and photonics sell signals still active, but multiple contributors are trimming winners elsewhere to add to LPTH here.

Read the AI verdict + X sentiment for $LPTH

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Manufactures precision molded glass and infrared optical components for defense, medical, telecom, and industrial laser applications.

Industry overviewAI analysisGenerated by AI from underlying data

Where Hardware, Equipment & Parts sits in its cycle right now — and what that implies for $LPTH.

Hardware, Equipment & Parts · Technology

No material change from last week — structural AI data center buildout is intact but rotation from early YTD winners (SNDK +100%) compresses near-term premiums in the rack-to-server supply layer.

What this means for $LPTH

Partial — Manufactures precision molded glass and infrared optical components for defense, medical, telecom, and industrial laser applications; this segment overlaps with the AI data center networking and compute hardware buildout but is not the dominant revenue driver.

Top industry ETF

$SOXXiShares Semiconductor ETF
+69.1%YTD
+111.7%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-37.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-6.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-12.0%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-2580%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
11.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-41.2%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
30.6%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 7, 2026$-0.02$-0.020.0%
Q4 2025Feb 11, 2026$-0.03$-0.04+25.0%
Q3 2025Nov 11, 2025$-0.05$-0.06+16.7%
Q2 2025Sep 25, 2025$-0.07$-0.03-133.3%
Next earningsThu, Sep 10·consensus EPS $-0.01

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q3 FY26$19.1M+108.9%33.8%-0.8%$-0.07$-1.84T
Q2 FY26$16.4M+120.2%34.1%-1.5%$-0.20$2.0M
Q1 FY26$15.1M+79.3%29.8%-16.6%$-0.07$-1.2M
Q4 FY25$12.2M+41.4%22.0%-38.0%$-0.16$-3.3M

Forward consensus

3-year forecast · up to 3 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$71.3M$69.4M – $72.1M-$0.21-$0.21 – -$0.203
FY27$106.1M$103.3M – $107.4M$0.03$0.03 – $0.033
FY28$139.5M$135.8M – $141.1M$0.51$0.49 – $0.521

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.47%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-25.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-6.6%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 47.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today4.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.345-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 3North Run Strategic Opportunities Fund I, LpDirector3.6M sh$50.0MSellMay 18North Run Strategic Opportunities Fund I, LpDirector55.3K sh$681KSellMay 14North Run Strategic Opportunities Fund I, LpDirector165.0K sh$2.0MSellMay 13North Run Strategic Opportunities Fund I, LpDirector45.0K sh$553KSellMay 12North Run Strategic Opportunities Fund I, LpDirector83.1K sh$1.0MBuyMar 27Shmuel RubinCEO180 sh$2KSellMar 25North Run Strategic Opportunities Fund I, LpDirector302.4K sh$3.7MSellMar 24North Run Strategic Opportunities Fund I, LpDirector54.6K sh$658KSellMar 18North Run Strategic Opportunities Fund I, LpDirector16.0K sh$192KSellMar 17North Run Strategic Opportunities Fund I, LpDirector104.5K sh$1.3M
1–10 of 17
+ 6 other (4 conversions · 2 exempts) in window

See when $LPTH insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentJun 4SC 13D/A
AI summary

With filed Amendment No. 5 to Schedule 13D disclosing updated beneficial ownership in LPTH (LPTH). The filing covers approximately 6,717,376 shares of LPTH. The position is held for potential M&A activity. Schedule 13D amendments are required when a 5%-or-greater holder's ownership, intent, or plans change materially, providing transparency into concentrated positions that could influence corporate governance or trigger M&A activity.

424B5Prospectus supplement (offering)Jun 3424B5
AI summary

LPTH (LPTH) filed a 424B5 prospectus supplement for a securities offering. The offering involves securities valued at approximately $0. The 424B5 is filed under an effective shelf registration, enabling rapid capital markets execution. Proceeds are expected to be used for general corporate purposes including potential acquisitions, debt reduction, or operational funding.

424B5Prospectus supplement (offering)Jun 3424B5
AI summary

LPTH (LPTH) filed a 424B5 prospectus supplement for a securities offering. The offering involves securities valued at approximately $0. The 424B5 is filed under an effective shelf registration, enabling rapid capital markets execution. Proceeds are expected to be used for general corporate purposes including potential acquisitions, debt reduction, or operational funding.

8-KMaterial agreementJun 38-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD
AI summary

LPTH (LPTH) disclosed a material definitive agreement under Item 1.01, reporting a merger or acquisition transaction involving growth company as defined in Rule. The deal is valued at approximately $50.0 million. Details of the transaction terms, consideration structure, and closing conditions are set forth in the full 8-K filing. Definitive merger agreements are among the most material events a public company can disclose, triggering regulatory review and shareholder vote requirements.

SC 13D/AActivist amendmentMay 14SC 13D/A
AI summary

North Run Strategic Opportunities Fund I, LP filed an amended Schedule 13D on LPTH disclosing beneficial ownership (10,319,347.00 shares) as of 2026-05-14. The filer's stated intent is passive investment with no plan to influence control of the company.

SC 13D/AActivist amendmentMar 4SC 13D/A
8-KPress release / Reg FDFeb 278-K — Item 7.01: Press release / Reg FD
SC 13D/AActivist amendmentFeb 24SC 13D/A
+ 10 other (3 Ds · 2 10-Qs · 2 earnings 8-Ks · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

LightPath Technologies Receives $11 Million Follow-on Order for Infrared Cameras from Leading Global Technology Customerprnewswire.com·3d agoLightPath Technologies Joins Russell 3000® Indexprnewswire.com·19d agoLightPath Taking Offseekingalpha.com·36d agoLightpath Deepens Long-Standing Partnership with Netcracker for Modernized OSS and Enhanced Professional Servicesbusinesswire.com·39d agoLightPath Technologies Announces $100 Million Registered Direct Primary and Secondary Offering of Class A Common Stockprnewswire.com·46d ago

In themes

Explore the broader themes this ticker is being talked about under.

Defense & DronesAI Photonics & Co-Packaged Optics

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Voices on X · top 15 · last 7 days

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