Landon Capital

LightPath Technologies, Inc. (Nasdaq: LPTH) is a fully integrated global manufacturer and distributor of optical and infrared technologies, including cameras. Its products have a wide variety of applications: defense products, medical devices, laser-aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision, and sensors, among others. Newly developed, they have a multispectral camera, to consolidate equipment and cost for users. To that end, they aim to address half of this USD 6.7 billion global market of thermal cameras with this one product.

Comps: Research Frontiers Incorporated (Nasdaq: REFR), Red Cat Holdings, Inc. (Nasdaq: RCAT)

In comparison, both of these companies are very similar to LightPath Technologies. Yet, while they are similar, LightPath outperforms both in outright revenue and price-to-earnings ratio. In addition, they have better earnings per share than Red Cat Holdings. In conclusion, while they are largely similar, they performed better than Research Frontiers Incorporated and Red Cat Holdings in several key areas, namely revenue, than these two, both worth more in market cap.

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