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Side-by-side financial comparison of LIGHTPATH TECHNOLOGIES INC (LPTH) and OptimizeRx Corp (OPRX). Click either name above to swap in a different company.

OptimizeRx Corp is the larger business by last-quarter revenue ($32.2M vs $16.4M, roughly 2.0× LIGHTPATH TECHNOLOGIES INC). OptimizeRx Corp runs the higher net margin — 15.6% vs -57.5%, a 73.1% gap on every dollar of revenue. On growth, LIGHTPATH TECHNOLOGIES INC posted the faster year-over-year revenue change (120.2% vs -0.2%). OptimizeRx Corp produced more free cash flow last quarter ($7.1M vs $2.0M). Over the past eight quarters, LIGHTPATH TECHNOLOGIES INC's revenue compounded faster (45.7% CAGR vs 28.0%).

LightPath Technologies Inc designs, manufactures and distributes high-precision optical components and assemblies, including aspheric lenses, infrared optics, and fiber optic products. It serves global clients across industrial automation, aerospace, defense, medical imaging, and telecommunications sectors.

OptimizeRx Corp is a U.S.-headquartered digital health technology company that delivers patient engagement, medication affordability and clinical communication solutions to life sciences enterprises, healthcare providers and pharmacy partners. Its core offerings include digital medication savings tools, patient support programs, and therapeutic area-specific resources to boost medication access and treatment adherence.

LPTH vs OPRX — Head-to-Head

Bigger by revenue
OPRX
OPRX
2.0× larger
OPRX
$32.2M
$16.4M
LPTH
Growing faster (revenue YoY)
LPTH
LPTH
+120.5% gap
LPTH
120.2%
-0.2%
OPRX
Higher net margin
OPRX
OPRX
73.1% more per $
OPRX
15.6%
-57.5%
LPTH
More free cash flow
OPRX
OPRX
$5.1M more FCF
OPRX
$7.1M
$2.0M
LPTH
Faster 2-yr revenue CAGR
LPTH
LPTH
Annualised
LPTH
45.7%
28.0%
OPRX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
LPTH
LPTH
OPRX
OPRX
Revenue
$16.4M
$32.2M
Net Profit
$-9.4M
$5.0M
Gross Margin
36.8%
74.8%
Operating Margin
-52.6%
26.6%
Net Margin
-57.5%
15.6%
Revenue YoY
120.2%
-0.2%
Net Profit YoY
-260.1%
6535.9%
EPS (diluted)
$-0.20
$0.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LPTH
LPTH
OPRX
OPRX
Q4 25
$16.4M
$32.2M
Q3 25
$15.1M
$26.1M
Q2 25
$12.2M
$29.2M
Q1 25
$9.2M
$21.9M
Q4 24
$7.4M
$32.3M
Q3 24
$8.4M
$21.3M
Q2 24
$8.6M
$18.8M
Q1 24
$7.7M
$19.7M
Net Profit
LPTH
LPTH
OPRX
OPRX
Q4 25
$-9.4M
$5.0M
Q3 25
$-2.9M
$779.0K
Q2 25
$-7.1M
$1.5M
Q1 25
$-3.6M
$-2.2M
Q4 24
$-2.6M
$-78.0K
Q3 24
$-1.6M
$-9.1M
Q2 24
$-2.4M
$-4.0M
Q1 24
$-2.6M
$-6.9M
Gross Margin
LPTH
LPTH
OPRX
OPRX
Q4 25
36.8%
74.8%
Q3 25
29.8%
67.2%
Q2 25
22.0%
63.8%
Q1 25
29.1%
60.9%
Q4 24
26.0%
68.1%
Q3 24
33.9%
63.1%
Q2 24
29.2%
62.2%
Q1 24
20.9%
62.0%
Operating Margin
LPTH
LPTH
OPRX
OPRX
Q4 25
-52.6%
26.6%
Q3 25
-16.6%
7.9%
Q2 25
-38.0%
10.9%
Q1 25
-36.3%
-9.6%
Q4 24
-33.5%
11.2%
Q3 24
-16.4%
-40.2%
Q2 24
-25.6%
-19.9%
Q1 24
-33.6%
-25.5%
Net Margin
LPTH
LPTH
OPRX
OPRX
Q4 25
-57.5%
15.6%
Q3 25
-19.2%
3.0%
Q2 25
-57.8%
5.2%
Q1 25
-39.1%
-10.0%
Q4 24
-35.2%
-0.2%
Q3 24
-19.3%
-42.8%
Q2 24
-27.3%
-21.3%
Q1 24
-33.7%
-35.0%
EPS (diluted)
LPTH
LPTH
OPRX
OPRX
Q4 25
$-0.20
$0.27
Q3 25
$-0.07
$0.04
Q2 25
$0.19
$0.08
Q1 25
$-0.44
$-0.12
Q4 24
$-0.07
$0.00
Q3 24
$-0.04
$-0.50
Q2 24
$-0.15
$-0.22
Q1 24
$-0.07
$-0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LPTH
LPTH
OPRX
OPRX
Cash + ST InvestmentsLiquidity on hand
$73.6M
$23.4M
Total DebtLower is stronger
$26.3M
Stockholders' EquityBook value
$77.9M
$128.3M
Total Assets
$148.6M
$176.9M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPTH
LPTH
OPRX
OPRX
Q4 25
$73.6M
$23.4M
Q3 25
$19.5M
Q2 25
$4.9M
$16.6M
Q1 25
$16.6M
Q4 24
$13.4M
Q3 24
$16.1M
Q2 24
Q1 24
Total Debt
LPTH
LPTH
OPRX
OPRX
Q4 25
$26.3M
Q3 25
$28.8M
Q2 25
$29.3M
Q1 25
$33.8M
Q4 24
$34.3M
Q3 24
$36.8M
Q2 24
$535.0K
$37.3M
Q1 24
$599.4K
$37.8M
Stockholders' Equity
LPTH
LPTH
OPRX
OPRX
Q4 25
$77.9M
$128.3M
Q3 25
$21.4M
$122.3M
Q2 25
$15.6M
$119.3M
Q1 25
$15.7M
$116.3M
Q4 24
$26.7M
$117.0M
Q3 24
$29.4M
$114.5M
Q2 24
$30.2M
$121.0M
Q1 24
$31.7M
$122.5M
Total Assets
LPTH
LPTH
OPRX
OPRX
Q4 25
$148.6M
$176.9M
Q3 25
$87.3M
$170.3M
Q2 25
$81.5M
$169.3M
Q1 25
$81.4M
$167.8M
Q4 24
$45.8M
$171.2M
Q3 24
$48.4M
$165.2M
Q2 24
$48.1M
$172.9M
Q1 24
$49.7M
$176.4M
Debt / Equity
LPTH
LPTH
OPRX
OPRX
Q4 25
0.20×
Q3 25
0.24×
Q2 25
0.25×
Q1 25
0.29×
Q4 24
0.29×
Q3 24
0.32×
Q2 24
0.02×
0.31×
Q1 24
0.02×
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LPTH
LPTH
OPRX
OPRX
Operating Cash FlowLast quarter
$2.8M
$7.1M
Free Cash FlowOCF − Capex
$2.0M
$7.1M
FCF MarginFCF / Revenue
12.0%
22.0%
Capex IntensityCapex / Revenue
5.3%
0.0%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$18.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPTH
LPTH
OPRX
OPRX
Q4 25
$2.8M
$7.1M
Q3 25
$-1.1M
$3.2M
Q2 25
$-2.6M
$4.6M
Q1 25
$-3.2M
$3.9M
Q4 24
$-737.4K
$198.0K
Q3 24
$-1.7M
$1.8M
Q2 24
$64.7K
$782.0K
Q1 24
$-394.2K
$2.1M
Free Cash Flow
LPTH
LPTH
OPRX
OPRX
Q4 25
$2.0M
$7.1M
Q3 25
$-1.2M
$3.2M
Q2 25
$-3.3M
$4.6M
Q1 25
$-3.7M
$3.8M
Q4 24
$-817.8K
$181.0K
Q3 24
$-1.8M
$1.8M
Q2 24
$-225.5K
$737.0K
Q1 24
$-802.5K
$2.1M
FCF Margin
LPTH
LPTH
OPRX
OPRX
Q4 25
12.0%
22.0%
Q3 25
-8.1%
12.2%
Q2 25
-27.3%
15.6%
Q1 25
-40.0%
17.5%
Q4 24
-11.0%
0.6%
Q3 24
-21.2%
8.3%
Q2 24
-2.6%
3.9%
Q1 24
-10.4%
10.6%
Capex Intensity
LPTH
LPTH
OPRX
OPRX
Q4 25
5.3%
0.0%
Q3 25
0.5%
0.0%
Q2 25
5.6%
0.0%
Q1 25
4.6%
0.1%
Q4 24
1.1%
0.1%
Q3 24
0.9%
0.1%
Q2 24
3.4%
0.2%
Q1 24
5.3%
0.2%
Cash Conversion
LPTH
LPTH
OPRX
OPRX
Q4 25
1.41×
Q3 25
4.11×
Q2 25
2.98×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LPTH
LPTH

Other$7.9M48%
Infrared Components$5.0M31%
Visible Components$3.4M21%

OPRX
OPRX

Segment breakdown not available.

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