LightPath Technologies (LPTH)
Builds optics, infrared assemblies, and imaging systems for defense and commercial applications.
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Designs infrared and visible optical components, assemblies and modules, and engineering services for defense and commercial applications. A single Optics segment is shifting from components toward higher-value imaging subsystems and systems.
Designs infrared and visible optical components, assemblies and modules, and engineering services for defense and commercial applications. Its single Optics segment combines precision optics with infrared products. The portfolio spans infrared components, visible components, assemblies and modules, and engineering services.
BlackDiamond chalcogenide glass and proprietary molding technologies underpin its optical and imaging systems. The Visimid acquisition added custom camera sensor and software-system capabilities, while G5 Infrared added an infrared platform and thin-film coating capability.
Facilities in the United States, China, and Latvia support a business moving from components toward imaging subsystems and systems.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Piper Sandler | Initiate | Rating: —Target: — | Target: $15 |
| May 11, 2026 | Canaccord Genuity | Reiterate | Rating: —Target: $15.50 | Target: $16.50 |
| May 8, 2026 | Lake Street | Target | Target: $14 | Target: $15 |
| Feb 12, 2026 | Canaccord Genuity | Target | Target: $15 | Target: $15.50 |
| Feb 12, 2026 | H.C. Wainwright | Target | Target: $8 | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $93.20T · Total debt $10.9M · Total assets $194.0M · Shareholders' equity $158.4M
- Revenue
- $21.2M
- Operating income
- $3.2M
- Net income
- −$4.1M
No dividends on record.
| Institutions | ≈ 70.84% | 49.62M shares | |
|---|---|---|---|
| 175 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.84% | 587.2K shares | |
| 5 holders · as of Mar 30, 2026 | |||
| Strategic holders | 9.59% | 6.72M shares | |
| 1 holder · as of Jun 4, 2026 | |||
| Other | ≈ 18.73% | 13.11M shares | |
| remainder | |||
70.04M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (70.04M in the company's Sep 22, 2026 report, 62.79M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
North Run Strategic Opportunities Fund I, LP1,2Strategicdirector, 10 percent owner | 9.59% | 6.72M | filed Jun 4, 2026 |
BlackRock, Inc.Institution | 6.38% | 4.47M | as of Jun 30, 2026 |
Hood River Capital Management LLCInstitution | 5.09% | 3.56M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.88% | 2.72M | as of Jun 30, 2026 |
Awm Investment Company, Inc.Institution | 3.62% | 2.54M | as of Jun 30, 2026 |
- North Run Strategic Opportunities Fund I, LP's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.72M) is used instead.
- North Run Strategic Opportunities Fund I, LP reports a block also reported by Vanguard Capital Management LLC; it is counted once, under Vanguard Capital Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | North Run Strategic Opportunities Fund I, LP | director, 10 percent owner: | −3,571,400 | $14.00 |
| May 18, 2026 | North Run Strategic Opportunities Fund I, LP | director, 10 percent owner: | −55,284 | $12.32 |
| May 14, 2026 | North Run Strategic Opportunities Fund I, LP | director, 10 percent owner: | −165,000 | $12.16 |
| May 13, 2026 | North Run Strategic Opportunities Fund I, LP | director, 10 percent owner: | −45,000 | $12.29 |
| May 12, 2026 | North Run Strategic Opportunities Fund I, LP | director, 10 percent owner: | −83,052 | $12.25 |
- Teledyne Technologies
Broad thermal-imaging rival in sensors, camera cores, and systems
- Leonardo DRS
Defense EO/IR rival in long-cycle thermal sensing programs
- Coherent
Large photonics peer spanning IR materials, optics, and subsystems
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LightPath Technologies | $9.77 | −4.22% | $640.5M | — | — | 8.9 | +73.5% |
| Teledyne Technologies | $609.06 | −0.00% | $28.23B | 29.4 | 23.9 | 4.4 | +9.8% |
| Leonardo DRS | $36.76 | −3.13% | $10.13B | 31.6 | 27.6 | 2.7 | +10.1% |
| Coherent | $313.25 | −2.57% | $62.90B | 78.2 | 33.5 | 8.8 | +33.7% |
| Median | 31.6 | 27.6 | 4.4 | +10.1% |