LightPath Technologies, Inc (NASDAQ: LPTH) Logs Weekly Gains Of 27.75%: Should You Buy On Declines?

LightPath Technologies, Inc (NASDAQ: LPTH) stock trades at $2.89 (down 10.53%) on June 9, 2021. It is the best buy on declines for a target of $3.60 and further to $4.4. 

Its price-to-earnings ratio is 231.48 over the past 12 months. LightPath expects to increase its earnings at an annual rate of 196.28%.

Supplies Optics beam splitter for Mars Curiosity Rover

LightPath’s subsidiary – ISP Optics Corporation, manufactures optical components that use NASA’s Mars Curiosity Rover. 

NASA’s Jet Propulsion Laboratory confirms that Optics components would be used in its space mission. 

The optics beam splitter and Zinc Sulfide Mid-wave Infrared lens are the two critical components in the rover’s Tunable Laser Spectrometer.

CEO of LightPath, Sam Rubin, is pleased that its components would support NASA’s space missions like the Space Shuttle, ISS (International Space Station), and other numerous satellites. 

The company’s location on Central Florida’s Space Coast augurs well for its footprint in outer space. Sam further said LightPath expedites the development of innovative solutions by collaborating with the UCF (University of Central Florida’s) CREOL to satisfy the rapid and rigorous demands of the space industry for exploration needs.

Product line of LightPath

LightPath’s product portfolio comprises thermal imaging assemblies, infrared lenses, molded glass aspheric lenses/ assemblies, BD6 (Black Diamond TM) chalcogenide derived glass lenses, fused fiber collimators.

The company, which holds its headquarters in Orlando, Florida, also provides full engineering design support for custom optical assemblies. Its sales offices and production facilities are located in China and Latvia. 

The product line of ISP Optics includes high-performance LWIR and MWIR lenses/ lens assemblies. It offers precision components like diffractive, aspherical, and spherical coated infrared lenses. 

Elevates Eric Creviston to the director board

LightPath inducted Eric Creviston on its director board on May 4, 2021. The appointment is on the backdrop of the retirement of Dr. Stephen Brueck. 

Mr. Eric is now working as a VP (Mobile Products Group), Qorvo Inc, which engages in developing and commercializing semiconductor products for wired and wireless technologies.

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