HIGHOutside partySupplier
single or limited source suppliers
“10-K Item 1A: 'We depend on single or limited source suppliers for some of the key materials or process steps in our products'”
LPTH · Concentration risk · 10-K extracted
LightPath Technologies (LPTH) concentration risks
Updated
The most significant concentration LightPath Technologies discloses is single or limited source suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: LightPath Technologies’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
38%
sales outside of the U.S.
“10-K Item 1A: 'In fiscal year 2025, 38% of our net revenue was derived from sales outside of the U.S., with 91% of our foreign sales derived from customers in Europe and Asia'”
MEDIUMOutside partyCommodity
Germanium
“10-K Item 1A: 'Historically, we have sourced Germanium from suppliers located in Russia and China.'”
LOWOutside partyCustomer
23%
three customers
“10-K Item 1A: 'In fiscal year 2025, we had sales to three customers that comprised an aggregate of approximately 23% of our annual revenue'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-11LightPath's concentration risks center on inputs rather than customers. The company depends on single or limited source suppliers for some of the key materials or process steps in its products, and historically it has sourced Germanium from suppliers located in Russia and China. Together these form a supply-side dependency with a geopolitical overlay: a single-source gap and a commodity tied to two specific countries are the exposures where an idiosyncratic shock could compress margins or interrupt output. The demand side is more diversified. In fiscal year 2025, 38% of net revenue was derived from sales outside of the U.S., with 91% of foreign sales coming from customers in Europe and Asia. That is a structural geographic mix, exposed to currency and trade policy rather than to counterparty failure. Customer concentration is comparatively modest: sales to three customers comprised an aggregate of approximately 23% of annual revenue. Netted together, supply is the exposure most likely to move the verdict, while geography is a steady structural feature and the three-customer share is a smaller dependency. All are disclosed in the 10-K.
For the engine’s reasoning on LPTH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electronic Components
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APH | Amphenol Corporation | 2 | 1 | 1 | 4 |
| BELFB | Bel Fuse Inc. | 2 | 1 | 0 | 3 |
| BHE | Benchmark Electronics, Inc. | 2 | 0 | 0 | 2 |
| LPTH● | LightPath Technologies, Inc. | 1 | 2 | 1 | 4 |
| ALNT | Allient Inc. | 1 | 1 | 0 | 2 |
| BELFA | Bel Fuse Inc. | 0 | 2 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.