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LIGHTPATH TECHNOLOGIES INC（LPTH）与EVERSPIN TECHNOLOGIES INC.（MRAM）财务数据对比。点击上方公司名可切换其他公司
LIGHTPATH TECHNOLOGIES INC的季度营收约是EVERSPIN TECHNOLOGIES INC.的1.1倍（$16.4M vs $14.9M），EVERSPIN TECHNOLOGIES INC.净利率更高（-2.0% vs -57.5%，领先55.5%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 13.2%），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs 18.2%）
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
Everspin Technologies是一家总部位于美国亚利桑那州钱德勒的上市半导体企业，核心业务为研发生产磁阻随机存取存储器（MRAM）产品，涵盖Toggle MRAM与自旋转移矩MRAM两大产品系列，同时也对外授权嵌入式MRAM、磁传感器相关技术，并提供嵌入式MRAM后道代工服务。
LPTH vs MRAM — 直观对比
营收规模更大
LPTH
是对方的1.1倍
$14.9M
营收增速更快
LPTH
高出107.0%
13.2%
净利率更高
MRAM
高出55.5%
-57.5%
两年增速更快
LPTH
近两年复合增速
18.2%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $14.9M |
| 净利润 | $-9.4M | $-296.0K |
| 毛利率 | 36.8% | 52.7% |
| 营业利润率 | -52.6% | 29.0% |
| 净利率 | -57.5% | -2.0% |
| 营收同比 | 120.2% | 13.2% |
| 净利润同比 | -260.1% | — |
| 每股收益（稀释后） | $-0.20 | $-0.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LPTHMRAM
| Q1 26 | — | $14.9M | ||
| Q4 25 | $16.4M | $14.8M | ||
| Q3 25 | $15.1M | $14.1M | ||
| Q2 25 | $12.2M | $13.2M | ||
| Q1 25 | $9.2M | $13.1M | ||
| Q4 24 | $7.4M | $13.2M | ||
| Q3 24 | $8.4M | $12.1M | ||
| Q2 24 | $8.6M | $10.6M |
净利润LPTHMRAM
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-9.4M | $1.2M | ||
| Q3 25 | $-2.9M | $54.0K | ||
| Q2 25 | $-7.1M | $-670.0K | ||
| Q1 25 | $-3.6M | $-1.2M | ||
| Q4 24 | $-2.6M | $1.2M | ||
| Q3 24 | $-1.6M | $2.3M | ||
| Q2 24 | $-2.4M | $-2.5M |
毛利率LPTHMRAM
| Q1 26 | — | 52.7% | ||
| Q4 25 | 36.8% | 50.8% | ||
| Q3 25 | 29.8% | 51.3% | ||
| Q2 25 | 22.0% | 51.3% | ||
| Q1 25 | 29.1% | 51.4% | ||
| Q4 24 | 26.0% | 51.3% | ||
| Q3 24 | 33.9% | 49.2% | ||
| Q2 24 | 29.2% | 49.0% |
营业利润率LPTHMRAM
| Q1 26 | — | 29.0% | ||
| Q4 25 | -52.6% | -7.2% | ||
| Q3 25 | -16.6% | -11.0% | ||
| Q2 25 | -38.0% | -14.9% | ||
| Q1 25 | -36.3% | -14.7% | ||
| Q4 24 | -33.5% | -11.8% | ||
| Q3 24 | -16.4% | -17.5% | ||
| Q2 24 | -25.6% | -26.5% |
净利率LPTHMRAM
| Q1 26 | — | -2.0% | ||
| Q4 25 | -57.5% | 8.1% | ||
| Q3 25 | -19.2% | 0.4% | ||
| Q2 25 | -57.8% | -5.1% | ||
| Q1 25 | -39.1% | -8.9% | ||
| Q4 24 | -35.2% | 9.2% | ||
| Q3 24 | -19.3% | 18.8% | ||
| Q2 24 | -27.3% | -23.5% |
每股收益（稀释后）LPTHMRAM
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.20 | $0.05 | ||
| Q3 25 | $-0.07 | $0.00 | ||
| Q2 25 | $0.19 | $-0.03 | ||
| Q1 25 | $-0.44 | $-0.05 | ||
| Q4 24 | $-0.07 | $0.07 | ||
| Q3 24 | $-0.04 | $0.10 | ||
| Q2 24 | $-0.15 | $-0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $73.6M | $40.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $77.9M | $70.2M |
| 总资产 | $148.6M | $83.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LPTHMRAM
| Q1 26 | — | $40.5M | ||
| Q4 25 | $73.6M | $44.5M | ||
| Q3 25 | — | $45.3M | ||
| Q2 25 | $4.9M | $45.0M | ||
| Q1 25 | — | $42.2M | ||
| Q4 24 | — | $42.1M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | — | $36.8M |
总债务LPTHMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $535.0K | — |
股东权益LPTHMRAM
| Q1 26 | — | $70.2M | ||
| Q4 25 | $77.9M | $68.9M | ||
| Q3 25 | $21.4M | $65.8M | ||
| Q2 25 | $15.6M | $64.1M | ||
| Q1 25 | $15.7M | $63.0M | ||
| Q4 24 | $26.7M | $62.6M | ||
| Q3 24 | $29.4M | $59.3M | ||
| Q2 24 | $30.2M | $55.4M |
总资产LPTHMRAM
| Q1 26 | — | $83.2M | ||
| Q4 25 | $148.6M | $84.6M | ||
| Q3 25 | $87.3M | $80.3M | ||
| Q2 25 | $81.5M | $78.9M | ||
| Q1 25 | $81.4M | $80.2M | ||
| Q4 24 | $45.8M | $77.8M | ||
| Q3 24 | $48.4M | $72.6M | ||
| Q2 24 | $48.1M | $64.6M |
负债/权益比LPTHMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.02× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.8M | $570.0K |
| 自由现金流经营现金流 - 资本支出 | $2.0M | — |
| 自由现金流率自由现金流/营收 | 12.0% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-6.3M | — |
8季度趋势，按日历期对齐
经营现金流LPTHMRAM
| Q1 26 | — | $570.0K | ||
| Q4 25 | $2.8M | $2.6M | ||
| Q3 25 | $-1.1M | $881.0K | ||
| Q2 25 | $-2.6M | $5.0M | ||
| Q1 25 | $-3.2M | $1.4M | ||
| Q4 24 | $-737.4K | $3.8M | ||
| Q3 24 | $-1.7M | $2.8M | ||
| Q2 24 | $64.7K | $1.7M |
自由现金流LPTHMRAM
| Q1 26 | — | — | ||
| Q4 25 | $2.0M | $-975.0K | ||
| Q3 25 | $-1.2M | $543.0K | ||
| Q2 25 | $-3.3M | $3.0M | ||
| Q1 25 | $-3.7M | $527.0K | ||
| Q4 24 | $-817.8K | $2.1M | ||
| Q3 24 | $-1.8M | $2.8M | ||
| Q2 24 | $-225.5K | $1.7M |
自由现金流率LPTHMRAM
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | -6.6% | ||
| Q3 25 | -8.1% | 3.9% | ||
| Q2 25 | -27.3% | 22.9% | ||
| Q1 25 | -40.0% | 4.0% | ||
| Q4 24 | -11.0% | 15.8% | ||
| Q3 24 | -21.2% | 22.9% | ||
| Q2 24 | -2.6% | 15.9% |
资本支出强度LPTHMRAM
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 24.3% | ||
| Q3 25 | 0.5% | 2.4% | ||
| Q2 25 | 5.6% | 15.1% | ||
| Q1 25 | 4.6% | 6.9% | ||
| Q4 24 | 1.1% | 13.2% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 3.4% | 0.3% |
现金转化率LPTHMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 16.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.16× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
