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

LIGHTPATH TECHNOLOGIES INC is the larger business by last-quarter revenue ($16.4M vs $14.2M, roughly 1.2× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs -57.5%, a 95.0% gap on every dollar of revenue. On growth, LIGHTPATH TECHNOLOGIES INC posted the faster year-over-year revenue change (120.2% vs -1.5%). LIGHTPATH TECHNOLOGIES INC produced more free cash flow last quarter ($2.0M vs $-3.6M).

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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

LPTH vs SPCB — Head-to-Head

Bigger by revenue
LPTH
LPTH
1.2× larger
LPTH
$16.4M
$14.2M
SPCB
Growing faster (revenue YoY)
LPTH
LPTH
+121.7% gap
LPTH
120.2%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
95.0% more per $
SPCB
37.5%
-57.5%
LPTH
More free cash flow
LPTH
LPTH
$5.6M more FCF
LPTH
$2.0M
$-3.6M
SPCB

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
LPTH
LPTH
SPCB
SPCB
Revenue
$16.4M
$14.2M
Net Profit
$-9.4M
$5.3M
Gross Margin
36.8%
61.2%
Operating Margin
-52.6%
16.3%
Net Margin
-57.5%
37.5%
Revenue YoY
120.2%
-1.5%
Net Profit YoY
-260.1%
79.5%
EPS (diluted)
$-0.20
$1.32

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
SPCB
SPCB
Q4 25
$16.4M
Q3 25
$15.1M
Q2 25
$12.2M
$14.2M
Q1 25
$9.2M
Q4 24
$7.4M
Q3 24
$8.4M
Q2 24
$8.6M
$14.4M
Q1 24
$7.7M
Net Profit
LPTH
LPTH
SPCB
SPCB
Q4 25
$-9.4M
Q3 25
$-2.9M
Q2 25
$-7.1M
$5.3M
Q1 25
$-3.6M
Q4 24
$-2.6M
Q3 24
$-1.6M
Q2 24
$-2.4M
$3.0M
Q1 24
$-2.6M
Gross Margin
LPTH
LPTH
SPCB
SPCB
Q4 25
36.8%
Q3 25
29.8%
Q2 25
22.0%
61.2%
Q1 25
29.1%
Q4 24
26.0%
Q3 24
33.9%
Q2 24
29.2%
52.3%
Q1 24
20.9%
Operating Margin
LPTH
LPTH
SPCB
SPCB
Q4 25
-52.6%
Q3 25
-16.6%
Q2 25
-38.0%
16.3%
Q1 25
-36.3%
Q4 24
-33.5%
Q3 24
-16.4%
Q2 24
-25.6%
7.7%
Q1 24
-33.6%
Net Margin
LPTH
LPTH
SPCB
SPCB
Q4 25
-57.5%
Q3 25
-19.2%
Q2 25
-57.8%
37.5%
Q1 25
-39.1%
Q4 24
-35.2%
Q3 24
-19.3%
Q2 24
-27.3%
20.6%
Q1 24
-33.7%
EPS (diluted)
LPTH
LPTH
SPCB
SPCB
Q4 25
$-0.20
Q3 25
$-0.07
Q2 25
$0.19
$1.32
Q1 25
$-0.44
Q4 24
$-0.07
Q3 24
$-0.04
Q2 24
$-0.15
$1.19
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
LPTH
LPTH
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$73.6M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$77.9M
$37.3M
Total Assets
$148.6M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPTH
LPTH
SPCB
SPCB
Q4 25
$73.6M
Q3 25
Q2 25
$4.9M
$15.0M
Q1 25
Q4 24
Q3 24
Q2 24
$5.7M
Q1 24
Total Debt
LPTH
LPTH
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
$29.2M
Q1 24
$599.4K
Stockholders' Equity
LPTH
LPTH
SPCB
SPCB
Q4 25
$77.9M
Q3 25
$21.4M
Q2 25
$15.6M
$37.3M
Q1 25
$15.7M
Q4 24
$26.7M
Q3 24
$29.4M
Q2 24
$30.2M
$13.8M
Q1 24
$31.7M
Total Assets
LPTH
LPTH
SPCB
SPCB
Q4 25
$148.6M
Q3 25
$87.3M
Q2 25
$81.5M
$65.5M
Q1 25
$81.4M
Q4 24
$45.8M
Q3 24
$48.4M
Q2 24
$48.1M
$49.6M
Q1 24
$49.7M
Debt / Equity
LPTH
LPTH
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
2.11×
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
SPCB
SPCB
Operating Cash FlowLast quarter
$2.8M
$-2.2M
Free Cash FlowOCF − Capex
$2.0M
$-3.6M
FCF MarginFCF / Revenue
12.0%
-25.3%
Capex IntensityCapex / Revenue
5.3%
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPTH
LPTH
SPCB
SPCB
Q4 25
$2.8M
Q3 25
$-1.1M
Q2 25
$-2.6M
$-2.2M
Q1 25
$-3.2M
Q4 24
$-737.4K
Q3 24
$-1.7M
Q2 24
$64.7K
$-950.0K
Q1 24
$-394.2K
Free Cash Flow
LPTH
LPTH
SPCB
SPCB
Q4 25
$2.0M
Q3 25
$-1.2M
Q2 25
$-3.3M
$-3.6M
Q1 25
$-3.7M
Q4 24
$-817.8K
Q3 24
$-1.8M
Q2 24
$-225.5K
$-1.6M
Q1 24
$-802.5K
FCF Margin
LPTH
LPTH
SPCB
SPCB
Q4 25
12.0%
Q3 25
-8.1%
Q2 25
-27.3%
-25.3%
Q1 25
-40.0%
Q4 24
-11.0%
Q3 24
-21.2%
Q2 24
-2.6%
-10.8%
Q1 24
-10.4%
Capex Intensity
LPTH
LPTH
SPCB
SPCB
Q4 25
5.3%
Q3 25
0.5%
Q2 25
5.6%
10.0%
Q1 25
4.6%
Q4 24
1.1%
Q3 24
0.9%
Q2 24
3.4%
4.2%
Q1 24
5.3%
Cash Conversion
LPTH
LPTH
SPCB
SPCB
Q4 25
Q3 25
Q2 25
-0.41×
Q1 25
Q4 24
Q3 24
Q2 24
-0.32×
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%

SPCB
SPCB

Segment breakdown not available.

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