Equity Field Notes from temporal sources

[DanWebzster]

LPTH makes optical sensors with a specialty in molded optics

The bullish case involves expanded markets in autonomous vehicles, 5G & IOT.

12-month backlog has increased 38%

Consensus "expected" Rev increase for 2019 = ~18%

12% of Revs come from telecom sector and this should increase in H2/19 as the 5G roll out progresses beyond pilot cities.

5G applications for LPTH's molded optics business is a high margin portion of their business

OTOH, 28% of Revs come from 3 customers. Loss of one these customers would be devastating (OCLR is a competitor)

Patent position outside of molded optics is mediocre.