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Strong institutional accumulation: ownership increased +7.99% quarter-over-quarter.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.2M 100.0% | $31.7M 100.0% | $32.9M 100.0% | $35.6M 100.0% | $38.5M 100.0% | $35.0M 100.0% | $33.7M 100.0% | $32.5M 100.0% | $28.4M 100.0% | $17.3M 100.0% |
| Cost of Revenue | $27.1M 72.8% | $23.1M 72.8% | $21.9M 66.4% | $23.7M 66.8% | $25.0M 65.0% | $21.1M 60.4% | $21.2M 62.9% | $20.0M 61.5% | $13.6M 48.1% | $8.0M 46.1% |
| Cost of Products | — | — | — | — | — | — | — | — | $13.6M 48.1% | $8.0M 46.1% |
| Gross Profit | $10.1M 27.2% | $8.6M 27.2% | $11.1M 33.6% | $11.8M 33.2% | $13.4M 35.0% | $13.8M 39.6% | $12.5M 37.1% | $12.5M 38.5% | $14.7M 51.9% | $9.3M 53.9% |
| Selling, General & Admin | $15.8M 42.5% | $12.3M 38.8% | $11.4M 34.7% | $11.2M 31.6% | $12.0M 31.2% | $9.0M 25.6% | $10.5M 31.1% | $9.2M 28.3% | $8.7M 30.5% | $6.6M 38.1% |
| Total Operating Expenses | $22.0M 59.0% | $16.5M 51.9% | $14.6M 44.4% | $14.4M 40.6% | $15.3M 39.7% | $11.7M 33.5% | $13.7M 40.5% | $12.2M 37.4% | $10.6M 37.3% | $7.3M 42.2% |
| Operating Income | -$11.8M -31.8% | -$7.8M -24.7% | -$3.6M -10.8% | -$2.6M -7.4% | -$1.8M -4.8% | $2.1M 6.1% | -$1.1M -3.4% | $374K 1.1% | $4.1M 14.6% | $2.0M 11.6% |
| Interest Expense | $1.1M 3.0% | $192K 0.6% | $283K 0.9% | $229K 0.6% | $215K 0.6% | $339K 1.0% | $697K 2.1% | $187K 0.6% | $413K 1.5% | $38K 0.2% |
| Other Income (Expense), net | -$3.0M -8.1% | -$113K -0.4% | -$258K -0.8% | -$52K -0.1% | -$410K -1.1% | -$514K -1.5% | -$1.1M -3.2% | -$141K -0.4% | -$775K -2.7% | -$396K -2.3% |
| Pretax Income | -$14.8M -39.9% | -$7.9M -25.0% | -$3.8M -11.6% | -$2.7M -7.5% | -$2.3M -5.9% | $1.6M 4.7% | -$2.2M -6.6% | $233K 0.7% | $3.4M 11.9% | $1.6M 9.3% |
| Income Tax Expense | $38K 0.1% | $67K 0.2% | $234K 0.7% | $863K 2.4% | $934K 2.4% | $764K 2.2% | $455K 1.3% | -$827K -2.5% | -$4.3M -15.3% | $199K 1.2% |
| Net Income | -$14.9M -40.0% | -$8.0M -25.2% | -$4.0M -12.3% | -$3.5M -10.0% | -$3.2M -8.3% | $867K 2.5% | -$2.7M -7.9% | $1.1M 3.3% | $7.7M 27.2% | $1.4M 8.2% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 | $0.03 | $-0.10 | $0.04 | $0.39 | $0.09 |
| EPS (Diluted) | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 | $0.03 | $-0.10 | $0.04 | $0.36 | $0.08 |
| Weighted Avg Shares (Basic) | 40.9M | 37.9M | 31.6M | 27.0M | 26.3M | 25.9M | 25.8M | 25.0M | 20.0M | 15.4M |
| Weighted Avg Shares (Diluted) | 40.9M | 37.9M | 31.6M | 27.0M | 26.3M | 27.5M | 25.8M | 26.8M | 21.7M | 16.9M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$10M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -73%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $5M covers the $140774 due within a year 34.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2019-03-31 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~23.3% on $5M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| LPTH | $403M | — | — | 10.8× | 17.3% | 27.2% | -40.0% | -95.1% | -72.7% | -0.5× | 129 |
Peers = companies sharing LPTH's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 3.0× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 61.5 | 62.9 | 60.4 | 65.0 | 66.8 | 66.4 | 72.8 | 72.8 |
| Gross Profit | 38.5 | 37.1 | 39.6 | 35.0 | 33.2 | 33.6 | 27.2 | 27.2 |
| SG&A | 28.3 | 31.1 | 25.6 | 31.2 | 31.6 | 34.7 | 38.8 | 42.5 |
| Operating Income | 1.1 | -3.4 | 6.1 | -4.8 | -7.4 | -10.8 | -24.7 | -31.8 |
| Income Tax | -2.5 | 1.3 | 2.2 | 2.4 | 2.4 | 0.7 | 0.2 | 0.1 |
| Net Income | 3.3 | -7.9 | 2.5 | -8.3 | -10.0 | -12.3 | -25.2 | -40.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LPTH: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.