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LIGHTPATH TECHNOLOGIES INC（LPTH）与Valens Semiconductor Ltd.（VLN）财务数据对比。点击上方公司名可切换其他公司
Valens Semiconductor Ltd.的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.1倍（$17.3M vs $16.4M），Valens Semiconductor Ltd.净利率更高（-42.2% vs -57.5%，领先15.3%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 8.1%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $-4.9M）
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。
瓦伦斯半导体是一家总部位于以色列的无晶圆厂半导体企业，核心产品面向汽车与音视频行业，主打未压缩超高清多媒体内容传输及车内连接应用场景。作为MIPI联盟成员，该公司率先推出了符合MIPI A-PHY标准的商用芯片组，同时也是HDBaseT技术的发明者。
LPTH vs VLN — 直观对比
营收规模更大
VLN
是对方的1.1倍
$16.4M
营收增速更快
LPTH
高出112.1%
8.1%
净利率更高
VLN
高出15.3%
-57.5%
自由现金流更多
LPTH
多$6.9M
$-4.9M
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $17.3M |
| 净利润 | $-9.4M | $-7.3M |
| 毛利率 | 36.8% | 63.0% |
| 营业利润率 | -52.6% | -46.4% |
| 净利率 | -57.5% | -42.2% |
| 营收同比 | 120.2% | 8.1% |
| 净利润同比 | -260.1% | 29.3% |
| 每股收益（稀释后） | $-0.20 | $-0.07 |
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LPTHVLN
| Q4 25 | $16.4M | — | ||
| Q3 25 | $15.1M | $17.3M | ||
| Q2 25 | $12.2M | $17.1M | ||
| Q1 25 | $9.2M | $16.8M | ||
| Q4 24 | $7.4M | — | ||
| Q3 24 | $8.4M | $16.0M | ||
| Q2 24 | $8.6M | $13.6M | ||
| Q1 24 | $7.7M | — |
净利润LPTHVLN
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $-2.9M | $-7.3M | ||
| Q2 25 | $-7.1M | $-7.2M | ||
| Q1 25 | $-3.6M | $-8.3M | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $-1.6M | $-10.4M | ||
| Q2 24 | $-2.4M | $-8.9M | ||
| Q1 24 | $-2.6M | — |
毛利率LPTHVLN
| Q4 25 | 36.8% | — | ||
| Q3 25 | 29.8% | 63.0% | ||
| Q2 25 | 22.0% | 63.5% | ||
| Q1 25 | 29.1% | 62.9% | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 33.9% | 56.4% | ||
| Q2 24 | 29.2% | 61.4% | ||
| Q1 24 | 20.9% | — |
营业利润率LPTHVLN
| Q4 25 | -52.6% | — | ||
| Q3 25 | -16.6% | -46.4% | ||
| Q2 25 | -38.0% | -43.3% | ||
| Q1 25 | -36.3% | -56.2% | ||
| Q4 24 | -33.5% | — | ||
| Q3 24 | -16.4% | -76.3% | ||
| Q2 24 | -25.6% | -69.2% | ||
| Q1 24 | -33.6% | — |
净利率LPTHVLN
| Q4 25 | -57.5% | — | ||
| Q3 25 | -19.2% | -42.2% | ||
| Q2 25 | -57.8% | -42.1% | ||
| Q1 25 | -39.1% | -49.4% | ||
| Q4 24 | -35.2% | — | ||
| Q3 24 | -19.3% | -64.6% | ||
| Q2 24 | -27.3% | -65.2% | ||
| Q1 24 | -33.7% | — |
每股收益（稀释后）LPTHVLN
| Q4 25 | $-0.20 | — | ||
| Q3 25 | $-0.07 | $-0.07 | ||
| Q2 25 | $0.19 | $-0.07 | ||
| Q1 25 | $-0.44 | $-0.08 | ||
| Q4 24 | $-0.07 | — | ||
| Q3 24 | $-0.04 | $-0.10 | ||
| Q2 24 | $-0.15 | $-0.08 | ||
| Q1 24 | $-0.07 | — |
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 | $93.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $77.9M | $108.8M |
| 总资产 | $148.6M | $136.7M |
| 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LPTHVLN
| Q4 25 | $73.6M | — | ||
| Q3 25 | — | $93.5M | ||
| Q2 25 | $4.9M | $102.7M | ||
| Q1 25 | — | $112.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $133.1M | ||
| Q2 24 | — | $105.9M | ||
| Q1 24 | — | — |
总债务LPTHVLN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $535.0K | — | ||
| Q1 24 | $599.4K | — |
股东权益LPTHVLN
| Q4 25 | $77.9M | — | ||
| Q3 25 | $21.4M | $108.8M | ||
| Q2 25 | $15.6M | $116.5M | ||
| Q1 25 | $15.7M | $128.6M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $29.4M | $147.0M | ||
| Q2 24 | $30.2M | $153.5M | ||
| Q1 24 | $31.7M | — |
总资产LPTHVLN
| Q4 25 | $148.6M | — | ||
| Q3 25 | $87.3M | $136.7M | ||
| Q2 25 | $81.5M | $144.8M | ||
| Q1 25 | $81.4M | $154.6M | ||
| Q4 24 | $45.8M | — | ||
| Q3 24 | $48.4M | $171.9M | ||
| Q2 24 | $48.1M | $175.8M | ||
| Q1 24 | $49.7M | — |
负债/权益比LPTHVLN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.02× | — | ||
| Q1 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 | $-4.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $-4.9M |
| 自由现金流率自由现金流/营收 | 12.0% | -28.5% |
| 资本支出强度资本支出/营收 | 5.3% | 1.6% |
| 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 | $-11.0M |
8季度趋势，按日历期对齐
经营现金流LPTHVLN
| Q4 25 | $2.8M | — | ||
| Q3 25 | $-1.1M | $-4.7M | ||
| Q2 25 | $-2.6M | $-211.0K | ||
| Q1 25 | $-3.2M | $-7.6M | ||
| Q4 24 | $-737.4K | — | ||
| Q3 24 | $-1.7M | $3.0M | ||
| Q2 24 | $64.7K | $-225.0K | ||
| Q1 24 | $-394.2K | — |
自由现金流LPTHVLN
| Q4 25 | $2.0M | — | ||
| Q3 25 | $-1.2M | $-4.9M | ||
| Q2 25 | $-3.3M | $-330.0K | ||
| Q1 25 | $-3.7M | $-8.0M | ||
| Q4 24 | $-817.8K | — | ||
| Q3 24 | $-1.8M | $2.2M | ||
| Q2 24 | $-225.5K | $-460.0K | ||
| Q1 24 | $-802.5K | — |
自由现金流率LPTHVLN
| Q4 25 | 12.0% | — | ||
| Q3 25 | -8.1% | -28.5% | ||
| Q2 25 | -27.3% | -1.9% | ||
| Q1 25 | -40.0% | -47.3% | ||
| Q4 24 | -11.0% | — | ||
| Q3 24 | -21.2% | 14.0% | ||
| Q2 24 | -2.6% | -3.4% | ||
| Q1 24 | -10.4% | — |
资本支出强度LPTHVLN
| Q4 25 | 5.3% | — | ||
| Q3 25 | 0.5% | 1.6% | ||
| Q2 25 | 5.6% | 0.7% | ||
| Q1 25 | 4.6% | 2.1% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.9% | 4.5% | ||
| Q2 24 | 3.4% | 1.7% | ||
| Q1 24 | 5.3% | — |
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% |
VLN
暂无分部数据
