HIGHOutside partySupplier
single or limited source suppliers of key materials
“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 of key materials, 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. How we score · Editorial policy
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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 · 6 disclosed concentrations
HIGH1
MEDIUM4
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
48%
sales outside of the U.S.
“10-K Item 1A: 'In fiscal year 2026, 48% of our net revenue was derived from sales outside of the U.S.'”
MEDIUMBuilt-inProduct / Revenue mix
44%
assemblies and modules
“10-K Item 1A: 'sales of assemblies and modules represented 44% of our revenues'”
MEDIUMOutside partyCustomer
37%
top three customers
“10-K Item 1A: 'In fiscal year 2026, we had sales to three customers that comprised an aggregate of approximately 37% of our annual revenue'”
MEDIUMOutside partySupplier
Germanium from Russia and China
“10-K Item 1A: 'Historically, we have sourced Germanium from suppliers located in Russia and China.'”
LOWOutside partyCustomer
24%
largest customer
“10-K Item 1A: 'with one customer at 24% of our sales, another customer at 7% of our sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18LightPath's concentrations cluster around a small revenue base, a thin supply chain and a few buyers. The most important is supply: the company depends on single or limited source suppliers for some of the key materials or process steps in its products, a high-share dependency. Germanium, a key input, has historically been sourced from suppliers located in Russia and China, a medium-share dependency that adds geopolitical and trade-policy risk on top of the single-source problem. Together these are the most idiosyncratic exposures, since a supply interruption or restriction would limit output regardless of demand. Customer concentration is meaningful. Sales to three customers comprised an aggregate of approximately 37% of annual revenue, a medium-share dependency, with one customer at 24% of sales and another at 7%, and the largest of these is a low-share exposure on its own. Orders from a handful of buyers can swing results. The structural items are milder: 48% of net revenue came from sales outside of the U.S., and assemblies and modules represented 44% of revenues, both medium-share exposures. Netting these out, supply sourcing is the risk most able to move the verdict, customer concentration is a close second, and the geographic and product mix shape the baseline.
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 | 4 | 1 | 6 |
| 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.