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Side-by-side financial comparison of LIGHTPATH TECHNOLOGIES INC (LPTH) and SOUTHERN FIRST BANCSHARES INC (SFST). Click either name above to swap in a different company.

SOUTHERN FIRST BANCSHARES INC is the larger business by last-quarter revenue ($31.8M vs $16.4M, roughly 1.9× LIGHTPATH TECHNOLOGIES INC). On growth, LIGHTPATH TECHNOLOGIES INC posted the faster year-over-year revenue change (120.2% vs 26.1%). SOUTHERN FIRST BANCSHARES INC produced more free cash flow last quarter ($29.9M vs $2.0M). Over the past eight quarters, LIGHTPATH TECHNOLOGIES INC's revenue compounded faster (45.7% CAGR vs 22.2%).

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.

First Community Bankshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia, in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of April 21, 2023, First Community had $3.6 billion in assets.

LPTH vs SFST — Head-to-Head

Bigger by revenue
SFST
SFST
1.9× larger
SFST
$31.8M
$16.4M
LPTH
Growing faster (revenue YoY)
LPTH
LPTH
+94.1% gap
LPTH
120.2%
26.1%
SFST
More free cash flow
SFST
SFST
$27.9M more FCF
SFST
$29.9M
$2.0M
LPTH
Faster 2-yr revenue CAGR
LPTH
LPTH
Annualised
LPTH
45.7%
22.2%
SFST

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
LPTH
LPTH
SFST
SFST
Revenue
$16.4M
$31.8M
Net Profit
$-9.4M
Gross Margin
36.8%
Operating Margin
-52.6%
40.1%
Net Margin
-57.5%
Revenue YoY
120.2%
26.1%
Net Profit YoY
-260.1%
EPS (diluted)
$-0.20
$1.19

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
SFST
SFST
Q4 25
$16.4M
$31.8M
Q3 25
$15.1M
$31.1M
Q2 25
$12.2M
$28.6M
Q1 25
$9.2M
$26.5M
Q4 24
$7.4M
$25.2M
Q3 24
$8.4M
$23.8M
Q2 24
$8.6M
$23.1M
Q1 24
$7.7M
$21.3M
Net Profit
LPTH
LPTH
SFST
SFST
Q4 25
$-9.4M
Q3 25
$-2.9M
$8.7M
Q2 25
$-7.1M
$6.6M
Q1 25
$-3.6M
$5.3M
Q4 24
$-2.6M
Q3 24
$-1.6M
$4.4M
Q2 24
$-2.4M
$3.0M
Q1 24
$-2.6M
$2.5M
Gross Margin
LPTH
LPTH
SFST
SFST
Q4 25
36.8%
Q3 25
29.8%
Q2 25
22.0%
Q1 25
29.1%
Q4 24
26.0%
Q3 24
33.9%
Q2 24
29.2%
Q1 24
20.9%
Operating Margin
LPTH
LPTH
SFST
SFST
Q4 25
-52.6%
40.1%
Q3 25
-16.6%
36.4%
Q2 25
-38.0%
30.0%
Q1 25
-36.3%
26.1%
Q4 24
-33.5%
27.3%
Q3 24
-16.4%
24.1%
Q2 24
-25.6%
17.0%
Q1 24
-33.6%
15.9%
Net Margin
LPTH
LPTH
SFST
SFST
Q4 25
-57.5%
Q3 25
-19.2%
27.8%
Q2 25
-57.8%
23.0%
Q1 25
-39.1%
19.9%
Q4 24
-35.2%
Q3 24
-19.3%
18.4%
Q2 24
-27.3%
13.0%
Q1 24
-33.7%
11.8%
EPS (diluted)
LPTH
LPTH
SFST
SFST
Q4 25
$-0.20
$1.19
Q3 25
$-0.07
$1.07
Q2 25
$0.19
$0.81
Q1 25
$-0.44
$0.65
Q4 24
$-0.07
$0.69
Q3 24
$-0.04
$0.54
Q2 24
$-0.15
$0.37
Q1 24
$-0.07
$0.31

Balance Sheet & Financial Strength

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

Metric
LPTH
LPTH
SFST
SFST
Cash + ST InvestmentsLiquidity on hand
$73.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$77.9M
$368.7M
Total Assets
$148.6M
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPTH
LPTH
SFST
SFST
Q4 25
$73.6M
Q3 25
Q2 25
$4.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
LPTH
LPTH
SFST
SFST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
Q1 24
$599.4K
Stockholders' Equity
LPTH
LPTH
SFST
SFST
Q4 25
$77.9M
$368.7M
Q3 25
$21.4M
$356.3M
Q2 25
$15.6M
$345.5M
Q1 25
$15.7M
$337.6M
Q4 24
$26.7M
$330.4M
Q3 24
$29.4M
$326.5M
Q2 24
$30.2M
$318.7M
Q1 24
$31.7M
$315.3M
Total Assets
LPTH
LPTH
SFST
SFST
Q4 25
$148.6M
$4.4B
Q3 25
$87.3M
$4.4B
Q2 25
$81.5M
$4.3B
Q1 25
$81.4M
$4.3B
Q4 24
$45.8M
$4.1B
Q3 24
$48.4M
$4.2B
Q2 24
$48.1M
$4.1B
Q1 24
$49.7M
$4.1B
Debt / Equity
LPTH
LPTH
SFST
SFST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
Q1 24
0.02×

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
SFST
SFST
Operating Cash FlowLast quarter
$2.8M
$30.5M
Free Cash FlowOCF − Capex
$2.0M
$29.9M
FCF MarginFCF / Revenue
12.0%
93.8%
Capex IntensityCapex / Revenue
5.3%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$62.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPTH
LPTH
SFST
SFST
Q4 25
$2.8M
$30.5M
Q3 25
$-1.1M
$14.5M
Q2 25
$-2.6M
$10.5M
Q1 25
$-3.2M
$7.6M
Q4 24
$-737.4K
$25.6M
Q3 24
$-1.7M
$26.3M
Q2 24
$64.7K
$4.0M
Q1 24
$-394.2K
$-2.9M
Free Cash Flow
LPTH
LPTH
SFST
SFST
Q4 25
$2.0M
$29.9M
Q3 25
$-1.2M
$14.4M
Q2 25
$-3.3M
$10.4M
Q1 25
$-3.7M
$7.4M
Q4 24
$-817.8K
$24.8M
Q3 24
$-1.8M
$26.1M
Q2 24
$-225.5K
$3.9M
Q1 24
$-802.5K
$-3.2M
FCF Margin
LPTH
LPTH
SFST
SFST
Q4 25
12.0%
93.8%
Q3 25
-8.1%
46.3%
Q2 25
-27.3%
36.3%
Q1 25
-40.0%
28.1%
Q4 24
-11.0%
98.2%
Q3 24
-21.2%
110.0%
Q2 24
-2.6%
16.8%
Q1 24
-10.4%
-15.0%
Capex Intensity
LPTH
LPTH
SFST
SFST
Q4 25
5.3%
1.8%
Q3 25
0.5%
0.3%
Q2 25
5.6%
0.3%
Q1 25
4.6%
0.5%
Q4 24
1.1%
3.1%
Q3 24
0.9%
0.8%
Q2 24
3.4%
0.4%
Q1 24
5.3%
1.3%
Cash Conversion
LPTH
LPTH
SFST
SFST
Q4 25
Q3 25
1.67×
Q2 25
1.59×
Q1 25
1.44×
Q4 24
Q3 24
6.01×
Q2 24
1.32×
Q1 24
-1.16×

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%

SFST
SFST

Segment breakdown not available.

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