Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $28.4M | $32.5M | $33.7M | $35.0M | $38.5M | $35.6M | $32.9M | $31.7M | $37.2M |
| Revenue growth | — | — | 14.7% | 3.8% | 3.6% | 10.0% | -7.6% | -7.4% | -3.7% | 17.3% |
| Gross profit | $9.30M | $14.7M | $12.5M | $12.5M | $13.8M | $13.4M | $11.8M | $11.1M | $8.63M | $10.1M |
| Gross margin | — | 51.9% | 38.5% | 37.1% | 39.6% | 35.0% | 33.2% | 33.6% | 27.2% | 27.2% |
| Operating income | $2.01M | $4.14M | $374K | -$1.14M | $2.15M | -$1.84M | -$2.63M | -$3.55M | -$7.83M | -$11.8M |
| Operating margin | — | 14.6% | 1.1% | -3.4% | 6.1% | -4.8% | -7.4% | -10.8% | -24.7% | -31.8% |
| Net income | $1.41M | $7.70M | $1.06M | -$2.68M | $867K | -$3.19M | -$3.54M | -$4.05M | -$8.01M | -$14.9M |
| Net margin | — | 27.2% | 3.3% | -7.9% | 2.5% | -8.3% | -10.0% | -12.3% | -25.2% | -40.0% |
| EPS (diluted) | $0.08 | $0.36 | $0.04 | -$0.10 | $0.03 | -$0.12 | -$0.13 | -$0.13 | -$0.21 | -$0.36 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.53M | $5.00M | $2.62M | $411K | $3.73M | $4.73M | $1.46M | -$2.81M | $521K | -$8.33M |
| Capital expenditures | $1.13M | $2.22M | $2.52M | $1.93M | $2.44M | $3.16M | $1.63M | $3.08M | $2.18M | $1.26M |
| Free cash flow | $395K | $2.78M | $101K | -$1.52M | $1.29M | $1.57M | -$162K | -$5.89M | -$1.66M | -$9.59M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.91M | $8.09M | $6.51M | $4.60M | $5.39M | $6.77M | $5.51M | $7.14M | $3.48M | $4.88M |
| Total assets | $15.6M | $46.7M | $47.1M | $46.0M | $47.6M | $54.6M | $50.7M | $53.5M | $48.1M | $81.5M |
| Total liabilities | $4.66M | $17.0M | $11.8M | $12.5M | $13.0M | $21.0M | $21.0M | $17.6M | $17.9M | $31.6M |
| Long-term debt | — | $9.93M | $5.12M | $5.00M | $4.44M | $4.06M | $3.22M | $1.55M | $326K | $4.80M |
| Shareholders' equity | $10.9M | $29.7M | $35.4M | $33.5M | $34.6M | $33.6M | $29.7M | $36.0M | $30.2M | $15.6M |
| Retained earnings | -$204M | -$196M | -$195M | -$198M | -$197M | -$200M | -$204M | -$208M | -$216M | -$231M |
| Shares (wtd avg diluted) | 16.9M | 21.7M | 26.8M | 25.8M | 27.5M | 26.3M | 27.0M | 31.6M | 37.9M | 40.9M |
Every figure is extracted from LIGHTPATH TECHNOLOGIES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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