LightPath Technologies, Inc.
LPTH Technology Electronic Components
LightPath Technologies, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $71.7 million, up 92.8% from fiscal 2025. In the quarter to June 2026, revenue grew 73.3%, EPS grew 62.5%, free cash flow fell 171.9% and total debt fell 89.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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LightPath Technologies, Inc. (LPTH) Altman Z-score
LightPath Technologies, Inc.'s Altman Z-score for fiscal 2026 is 10.62, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 10.62 | 13.29 |
| FY2025 | −2.67 | 1.70 |
| FY2024 | −4.37 | (1.12) |
| FY2023 | −3.25 | 0.65 |
| FY2022 | −3.90 | (1.53) |
| FY2021 | −2.36 | (1.78) |
| FY2020 | −0.58 | 3.32 |
| FY2019 | −3.90 | (2.10) |
| FY2018 | −1.80 | 0.91 |
| FY2017 | −2.72 | 10.01 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.53 | — | 0.64 | |
| Retained earnings / total assets | (1.30) | — | −1.81 | |
| EBIT / total assets | (0.10) | — | −0.33 | |
| Market value of equity / total liabilities | 19.60 | — | 11.76 | |
| Sales / total assets | 0.37 | — | 0.37 | |
| Altman Z-score | Safe zone | 10.62 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.13 | ||
Z and Z″ put LightPath Technologies, Inc. in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MPTI M-tron Industries, Inc. compare | 20.4× |
| LPTH LightPath Technologies, Inc. | 10.6× |
| RELL Richardson Electronics, Ltd. compare | 6.5× |
| CTS CTS Corporation compare | 6.2× |
| OPTX Syntec Optics Holdings, Inc. compare | 6.0× |
| DAKT Daktronics, Inc. compare | 5.1× |
| LYTS LSI Industries Inc. compare | 2.5× |
| KOPN Kopin Corporation compare | 2.1× |
| MEI Methode Electronics, Inc. compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets