Director Crider buys 1,000 shares of LPTH at $2.51; stock down 42.4% from 52-week high, company unprofitable.
Kimberly Anne Crider, a director, purchased 1,000 shares at $2.51, adding 2.3% to her pre-transaction holdings of 43,796 shares. The purchase occurs in an environment of significant recent price weakness: the stock is currently trading at $2.44, down 42.4% from its 52-week high of $4.24 and down 28.9% over the past 30 days, though up 63.8% over 90 days. The company's fundamentals present headwinds: LPTH posted a net loss of $-2.6M in its most recent quarter, annual revenue contracted 3.7% year-over-year, and the company was unprofitable over the full prior fiscal year. This modest share purchase by a board member does not provide strong conviction signaling given the company's operational challenges and recent sharp equity depreciation.