{
  "url": "https://struct.news/briefs/lightpath-nearly-doubled-revenue-operating-cash-flow-still-went-backward",
  "title": "LightPath nearly doubled revenue. Operating cash flow still went backward.",
  "summary": "Revenue rose 92.8% to $71.7 million, but operating cash flow was negative $10.2 million, with working capital and an earnout contributing.",
  "published_at": "2026-09-11T10:05:21.772817+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "LightPath Technologies, Inc.",
    "ticker": "LPTH",
    "cik": "1437749",
    "sector": "Technology",
    "industry": "Electronic Components"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-09-11",
    "accession": "0001437749-26-030106",
    "url": "https://www.sec.gov/Archives/edgar/data/889971/000143774926030106/lpth20260630_10k.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-09-26",
    "url": "https://www.sec.gov/Archives/edgar/data/889971/000165495425011130/lpth_10k.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 37202630,
      "display": "$37.2M",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001437749-26-030106",
        "filing_date": "2026-09-11"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 17.261567351039165,
      "display": "+17.3%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001437749-26-030106",
        "filing_date": "2026-09-11"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": -31.779691382034013,
      "display": "-31.8%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001437749-26-030106",
        "filing_date": "2026-09-11"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Working-capital investment reached $9.6 million, driven by receivables, inventory, and supplier prepayments.",
      "importance": "medium",
      "evidence": "investments in working capital of $9.6 million, largely driven by accounts receivable and inventory due to the growth in revenue, as well as supplier prepayments for critical materials with long lead times.",
      "source_date": "2026-09-11"
    },
    {
      "type": "product_pipeline",
      "statement": "Higher sales and gross margin improved adjusted EBITDA, but new product development costs partly offset that improvement.",
      "importance": "medium",
      "evidence": "The increase in adjusted EBITDA for fiscal year 2026 is primarily attributable to higher sales and gross margin, partially offset by higher SG&A and new product development costs.",
      "source_date": "2026-09-11"
    }
  ],
  "related_tickers": [
    "LPTH"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}