LightPath Technologies, Inc. (LPTH) financial statements (2022 and earlier)

Company profile

Business Address 2603 CHALLENGER TECH CT
ORLANDO, FL 32826
State of Incorp. DE
Fiscal Year End June 30
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0536,7755,3874,6055,5098,0852,908
Cash and cash equivalents5,0536,7755,3874,6055,5098,0852,908
Receivables2344,7936,3216,5655,4175,9193,755
Inventory, net of allowances, customer advances and progress billings7,3158,6608,9847,6856,4055,0753,837
Inventory7,3158,6608,9847,6856,4055,0753,837
Other undisclosed current assets5,4084755657552,059641652
Total current assets:18,00920,70321,25819,60819,38919,72011,152
Noncurrent Assets
Finance lease, right-of-use asset132  
Operating lease, right-of-use asset9,6399,0151,220
Property, plant and equipment13,15913,28011,79911,73111,80910,3254,370
Intangible assets, net (including goodwill)10,87511,43812,56313,69214,91316,230 
Goodwill5,8555,8555,8555,8555,8555,855 
Intangible assets, net (excluding goodwill)5,0205,5836,7087,8379,05810,375 
Other noncurrent assets28287628938211267
Deferred tax assets, net652624285 
Other undisclosed noncurrent assets15147659    
Total noncurrent assets:33,84733,90826,31726,36527,72826,9524,437
TOTAL ASSETS:51,85754,61147,57545,97347,11746,67215,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3286,8025,3794,8303,9464,4003,046
Accounts payable2,2492,9242,5592,2282,0331,5361,362
Accrued liabilities1,0881,067992872685967328
Employee-related liabilities1,9912,8101,8281,7311,2281,8971,356
Debt9058471,2599861,7661,351166
Deferred rent credit   539
Other undisclosed current liabilities817800765    
Total current liabilities:7,0508,4487,4036,3555,7125,7503,213
Noncurrent Liabilities
Long-term debt and lease obligation8,94312,5855,6055,6405,67010,069179
Long-term debt, excluding current maturities 4,0574,4375,0005,1209,927 
Finance lease, liability 67279
Capital lease obligations640550142179
Operating lease, liability8,9438,461888
Liabilities, other than long-term debt   5183771,1321,266
Deferred revenue and credits 459548
Deferred rent credit   518377
Deferred tax liabilities, net  182 
Derivative instruments and hedges, liabilities     491717
Other undisclosed noncurrent liabilities(5,149)(8,461)(888)    
Total noncurrent liabilities:12,73812,5855,6056,1596,04711,2011,445
Total liabilities:19,78821,03413,00812,51411,76016,9514,657
Stockholders' equity
Stockholders' equity attributable to parent32,06933,57734,56733,45935,35729,72110,932
Common stock270270259258258242156
Additional paid in capital231,761231,439230,634230,321229,875225,492214,662
Accumulated other comprehensive income1,9722,116736809474295126
Accumulated deficit(201,935)(200,247)(197,062)(197,929)(195,249)(196,309)(204,012)
Total stockholders' equity:32,06933,57734,56733,45935,35729,72110,932
TOTAL LIABILITIES AND EQUITY:51,85754,61147,57545,97347,11746,67215,589

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues37,38038,46534,96833,74932,52528,36717,272
Revenue, net 28,36717,272
Cost of revenue(25,441)(25,017)(21,125)(21,230)(19,998)(13,648)(7,968)
Cost of goods and services sold(61)    (13,648)(7,968)
Gross profit:11,93913,44813,84212,51912,52814,7199,305
Operating expenses(15,901)(15,290)(11,697)(13,659)(12,154)(10,582)(7,295)
Operating income (loss):(3,962)(1,842)2,145(1,140)3744,1372,009
Nonoperating expense(438)(410)(514)(1,085)(141)(775)(358)
Investment income, nonoperating    (195)(468)(52)
Other nonoperating income (expense)(336)(194)(175)(388)241106(305)
Interest and debt expense(32)(44)(78)(697)(187)(77)(38)
Other undisclosed income from continuing operations before equity method investments, income taxes12    77 
Income (loss) from continuing operations before equity method investments, income taxes:(4,420)(2,296)1,553(2,922)463,3621,614
Other undisclosed income from continuing operations before income taxes204478697187  
Income (loss) from continuing operations before income taxes:(4,400)(2,251)1,631(2,225)2333,3621,614
Income tax expense (benefit)(423)(934)(764)(455)8274,341(199)
Net income (loss) available to common stockholders, diluted:(4,823)(3,185)867(2,680)1,0607,7031,415

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(4,823)(3,185)867(2,680)1,0607,7031,415
Comprehensive income (loss):(4,823)(3,185)867(2,680)1,0607,7031,415
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(72)1,380(73)33517816975
Comprehensive income (loss), net of tax, attributable to parent:(4,896)(1,805)794(2,345)1,2387,8721,490

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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