LPTH: Lightpath Technologies Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Lightpath Technologies Inc (LPTH).

OverviewDividends

$48.90M Market Cap.

As of 05/20/2025 5:00 PM ET (MRY) • Disclaimer

LPTH Market Cap. (MRY)


LPTH Shares Outstanding (MRY)


LPTH Assets (MRY)


Total Assets

$48.09M

Total Liabilities

$17.89M

Total Investments

$0

LPTH Income (MRY)


Revenue

$31.73M

Net Income

-$8.01M

Operating Expense

$16.46M

LPTH Cash Flow (MRY)


CF Operations

$521.04K

CF Investing

-$2.67M

CF Financing

-$1.47M

LPTH Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$48,086,964 (-10.18%)

$53,536,184 (5.57%)

$50,713,921 (-7.14%)

$54,610,990 (14.79%)

Assets Current

$15,537,335 (-28.60%)

$21,760,091 (19.76%)

$18,169,414 (-12.24%)

$20,703,102 (-2.61%)

Assets Non-Current

$32,549,629 (2.43%)

$31,776,093 (-2.36%)

$32,544,507 (-4.02%)

$33,907,888 (28.84%)

Goodwill & Intangible Assets

$10,414,866 (13.36%)

$9,187,620 (-10.91%)

$10,312,703 (-9.84%)

$11,437,786 (-8.96%)

Shareholders Equity

$30,199,665 (-16.00%)

$35,952,525 (20.93%)

$29,731,238 (-11.45%)

$33,577,485 (-2.86%)

Property Plant & Equipment Net

$21,952,161 (-1.92%)

$22,382,534 (1.46%)

$22,061,067 (-1.05%)

$22,295,365 (71.25%)

Cash & Equivalents

$3,480,268 (-51.29%)

$7,144,490 (29.71%)

$5,507,891 (-18.70%)

$6,774,694 (25.75%)

Accumulated Other Comprehensive Income

$509,936 (-15.93%)

$606,536 (-35.14%)

$935,125 (-55.81%)

$2,116,152 (187.56%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$6,551,059 (-11.60%)

$7,410,734 (6.09%)

$6,985,427 (-19.33%)

$8,659,587 (-3.62%)

Trade & Non-Trade Receivables

$4,928,931 (-25.71%)

$6,634,574 (27.31%)

$5,211,292 (8.72%)

$4,793,457 (-24.16%)

Trade & Non-Trade Payables

$3,231,713 (25.55%)

$2,574,135 (-16.26%)

$3,073,933 (5.12%)

$2,924,333 (14.29%)

Accumulated Retained Earnings (Deficit)

-$215,843,575 (-3.85%)

-$207,836,229 (-1.99%)

-$203,789,358 (-1.77%)

-$200,247,177 (-1.62%)

Tax Assets

$123,000 (-12.14%)

$140,000 (-2.10%)

$143,000 (-2.72%)

$147,000 (-77.69%)

Tax Liabilities

$326,197 (-29.85%)

$465,000 (-14.05%)

$541,015 (0%)

$0 (0%)

Total Debt

$10,359,451 (-16.34%)

$12,382,386 (-15.92%)

$14,727,773 (3.48%)

$14,231,864 (86.54%)

Debt Current

$1,446,316 (-31.04%)

$2,097,350 (3.85%)

$2,019,662 (22.66%)

$1,646,565 (-18.68%)

Debt Non-Current

$8,913,135 (-13.34%)

$10,285,036 (-19.07%)

$12,708,111 (0.98%)

$12,585,299 (124.55%)

Total Liabilities

$17,887,299 (1.73%)

$17,583,659 (-16.20%)

$20,982,683 (-0.24%)

$21,033,505 (61.70%)

Liabilities Current

$8,036,348 (17.60%)

$6,833,623 (-11.64%)

$7,733,557 (-8.46%)

$8,448,206 (14.11%)

Liabilities Non-Current

$9,850,951 (-8.36%)

$10,750,036 (-18.86%)

$13,249,126 (5.27%)

$12,585,299 (124.55%)

LPTH Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$31,726,192 (-3.67%)

$32,933,949 (-7.38%)

$35,559,160 (-7.55%)

$38,464,821 (10.00%)

Cost of Revenue

$23,094,946 (5.65%)

$21,859,126 (-7.94%)

$23,744,524 (-5.09%)

$25,017,051 (18.42%)

Selling General & Administrative Expense

$12,297,383 (7.52%)

$11,437,241 (1.92%)

$11,221,866 (-6.40%)

$11,989,597 (33.80%)

Research & Development Expense

$2,400,420 (11.89%)

$2,145,413 (2.86%)

$2,085,686 (-3.71%)

$2,165,951 (26.36%)

Operating Expenses

$16,457,910 (12.50%)

$14,629,364 (1.36%)

$14,432,635 (-5.60%)

$15,289,582 (30.71%)

Interest Expense

$191,862 (-32.27%)

$283,266 (23.44%)

$229,475 (6.56%)

$215,354 (-36.56%)

Income Tax Expense

$67,490 (-71.16%)

$234,034 (-72.88%)

$862,907 (-7.60%)

$933,915 (22.24%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$8,007,346 (-97.87%)

-$4,046,871 (-14.25%)

-$3,542,181 (-11.21%)

-$3,185,251 (-467.42%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$8,007,346 (-97.87%)

-$4,046,871 (-14.25%)

-$3,542,181 (-11.21%)

-$3,185,251 (-467.42%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$8,007,346 (-97.87%)

-$4,046,871 (-14.25%)

-$3,542,181 (-11.21%)

-$3,185,251 (-467.42%)

Weighted Average Shares

$37,944,935 (19.94%)

$31,637,445 (17.09%)

$27,019,534 (2.68%)

$26,314,025 (1.78%)

Weighted Average Shares Diluted

$37,944,935 (19.94%)

$31,637,445 (17.09%)

$27,019,534 (2.68%)

$26,314,025 (-4.21%)

Earning Before Interest & Taxes (EBIT)

-$7,747,994 (-119.52%)

-$3,529,571 (-44.08%)

-$2,449,799 (-20.33%)

-$2,035,982 (-203.33%)

Gross Profit

$8,631,246 (-22.06%)

$11,074,823 (-6.26%)

$11,814,636 (-12.14%)

$13,447,770 (-2.85%)

Operating Income

-$7,826,664 (-120.19%)

-$3,554,541 (-35.77%)

-$2,617,999 (-42.14%)

-$1,841,812 (-185.86%)

LPTH Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$2,665,236 (7.07%)

-$2,867,985 (-76.32%)

-$1,626,614 (48.51%)

-$3,158,784 (-40.03%)

Net Cash Flow from Financing

-$1,466,440 (-119.67%)

$7,455,876 (1271.99%)

-$636,174 (24.57%)

-$843,429 (-35.66%)

Net Cash Flow from Operations

$521,037 (118.55%)

-$2,809,523 (-291.89%)

$1,464,128 (-69.06%)

$4,732,024 (26.77%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$3,664,222 (-323.89%)

$1,636,599 (229.19%)

-$1,266,803 (-191.31%)

$1,387,306 (77.25%)

Net Cash Flow - Business Acquisitions and Disposals

-$847,141 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$1,818,095 (36.61%)

-$2,867,985 (-76.32%)

-$1,626,614 (48.51%)

-$3,158,784 (-40.03%)

Issuance (Repayment) of Debt Securities

-$2,312,449 (-29.62%)

-$1,784,014 (-184.69%)

-$626,662 (38.33%)

-$1,016,099 (-51.98%)

Issuance (Purchase) of Equity Shares

$846,009 (-90.84%)

$9,239,890 (17768.33%)

$51,711 (-70.05%)

$172,670 (268.36%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$53,583 (62.20%)

-$141,769 (69.72%)

-$468,143 (-171.20%)

$657,495 (1005.33%)

Share Based Compensation

$1,019,023 (-22.27%)

$1,310,957 (58.86%)

$825,250 (28.37%)

$642,865 (156.39%)

Depreciation Amortization & Accretion

$4,048,409 (27.53%)

$3,174,569 (-12.25%)

$3,617,743 (3.09%)

$3,509,436 (2.48%)

LPTH Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

27.20% (-19.05%)

33.60% (1.20%)

33.20% (-5.14%)

35.00% (-11.62%)

Profit Margin

-25.20% (-104.88%)

-12.30% (-23.00%)

-10.00% (-20.48%)

-8.30% (-432.00%)

EBITDA Margin

-11.70% (-963.64%)

-1.10% (-133.33%)

3.30% (-13.16%)

3.80% (-75.32%)

Return on Average Equity (ROAE)

-24.50% (-94.44%)

-12.60% (-12.50%)

-11.20% (-24.44%)

-9.00% (-446.15%)

Return on Average Assets (ROAA)

-15.50% (-93.75%)

-8.00% (-17.65%)

-6.80% (-7.94%)

-6.30% (-431.58%)

Return on Sales (ROS)

-24.40% (-128.04%)

-10.70% (-55.07%)

-6.90% (-30.19%)

-5.30% (-194.64%)

Return on Invested Capital (ROIC)

-19.90% (-131.40%)

-8.60% (-53.57%)

-5.60% (6.67%)

-6.00% (-190.91%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-6 (42.22%)

-10.38 (-9.75%)

-9.46 (55.30%)

-21.17 (-119.01%)

Price to Sales Ratio (P/S)

1.51 (16.19%)

1.3 (38.72%)

0.94 (-46.20%)

1.74 (-29.61%)

Price to Book Ratio (P/B)

1.62 (15.48%)

1.4 (25.29%)

1.12 (-44.33%)

2.01 (-19.57%)

Debt to Equity Ratio (D/E)

0.59 (21.06%)

0.49 (-30.74%)

0.71 (12.78%)

0.63 (66.49%)

Earnings Per Share (EPS)

-0.21 (-61.54%)

-0.13 (0.00%)

-0.13 (-8.33%)

-0.12 (-500.00%)

Sales Per Share (SPS)

0.84 (-19.69%)

1.04 (-20.90%)

1.32 (-9.99%)

1.46 (8.06%)

Free Cash Flow Per Share (FCFPS)

-0.03 (81.01%)

-0.18 (-2883.33%)

-0.01 (-110.00%)

0.06 (5.26%)

Book Value Per Share (BVPS)

0.8 (-29.93%)

1.14 (3.27%)

1.1 (-13.79%)

1.28 (-4.56%)

Tangible Assets Book Value Per Share (TABVPS)

0.99 (-29.17%)

1.4 (-6.22%)

1.5 (-8.90%)

1.64 (21.20%)

Enterprise Value Over EBIT (EV/EBIT)

-7 (53.33%)

-15 (16.67%)

-18 (47.06%)

-34 (-173.91%)

Enterprise Value Over EBITDA (EV/EBITDA)

-15.27 (89.74%)

-148.84 (-502.55%)

36.98 (-20.51%)

46.51 (179.68%)

Asset Turnover

0.61 (-5.40%)

0.65 (-4.85%)

0.68 (-10.63%)

0.76 (1.60%)

Current Ratio

1.93 (-39.29%)

3.18 (35.55%)

2.35 (-4.16%)

2.45 (-14.63%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$1,297,058 (77.15%)

-$5,677,508 (-3394.15%)

-$162,486 (-110.33%)

$1,573,240 (6.51%)

Enterprise Value (EV)

$56,489,690 (6.91%)

$52,839,616 (22.36%)

$43,184,455 (-36.99%)

$68,536,479 (-23.61%)

Earnings Before Tax (EBT)

-$7,939,856 (-108.24%)

-$3,812,837 (-42.31%)

-$2,679,274 (-19.01%)

-$2,251,336 (-238.04%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$3,699,585 (-942.13%)

-$355,002 (-130.40%)

$1,167,944 (-20.73%)

$1,473,454 (-72.69%)

Invested Capital

$36,514,933 (-14.59%)

$42,752,837 (2.07%)

$41,887,543 (-0.70%)

$42,182,168 (41.31%)

Working Capital

$7,500,987 (-49.75%)

$14,926,468 (43.03%)

$10,435,857 (-14.84%)

$12,254,896 (-11.55%)

Tangible Asset Value

$37,672,098 (-15.05%)

$44,348,564 (9.77%)

$40,401,218 (-6.42%)

$43,173,204 (23.31%)

Market Capitalization

$48,897,364 (-2.96%)

$50,389,898 (51.47%)

$33,267,552 (-50.70%)

$67,477,452 (-21.88%)

Average Equity

$32,625,674 (1.37%)

$32,185,668 (1.72%)

$31,641,370 (-10.61%)

$35,397,006 (5.67%)

Average Assets

$51,792,444 (1.89%)

$50,830,756 (-2.69%)

$52,236,782 (3.48%)

$50,479,188 (8.22%)

Invested Capital Average

$38,931,023 (-5.31%)

$41,112,419 (-6.50%)

$43,968,671 (29.75%)

$33,886,313 (12.68%)

Shares

38,807,432 (3.97%)

37,325,850 (38.00%)

27,046,790 (1.81%)

26,565,926 (2.72%)