Lighting Science Group Corporation (LSCG) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Lighting Science Group Corporation (LSCG) trades at $0.0001 with AI Score 42/100 (Grade C). Lighting Science Group Corporation designs, develops, and markets LED-based general illumination products. Sector: Industrials.
Price as of Jul 20, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for LSCG: LSCG does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates LSCG against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
LSCG: 1/3 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Lighting Science Group Corporation (LSCG) Industrial Operations Profile
Lighting Science Group Corporation specializes in LED lighting solutions, offering retrofit lamps and luminaires for diverse markets, including residential, retail, and government sectors. The company differentiates itself through biological lighting products and solar-powered street lighting, operating in a competitive electrical equipment industry.
What Is the Investment Thesis for LSCG?
Lighting Science Group Corporation presents a focused play on the LED lighting market, particularly in retrofit and specialized biological lighting solutions. With a negative profit margin of -29.6% and a gross margin of 11.9%, the company's financial performance requires close monitoring. Key value drivers include the adoption of LED technology in various sectors and the increasing demand for energy-efficient lighting solutions. Growth catalysts include expanding its biological lighting product line and penetrating new markets. Potential risks include intense competition, negative beta of -7.16, and the challenges associated with operating in the OTC market, which may affect liquidity and investor confidence. The company's ability to innovate and capture market share in specialized lighting applications will be critical for future success.
Based on FMP financials and quantitative analysis
LSCG Key Highlights
- Designs, develops, and markets LED-based general illumination products.
- Offers a range of LED retrofit lamps as replacements for traditional lighting.
- Provides LED luminaires, including solar-powered street lighting solutions.
- Serves Residential and office, Retail and hospitality, Government-owned and private infrastructure, and School and university markets.
- Gross Margin of 11.9% indicates potential for improvement in operational efficiency.
Who Are LSCG's Competitors?
LSCG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DCFC Tritium DCFC Limited | $3.64 | +0.00% | 56 | |
| NXU Nxu, Inc. | $2.45 | +100.00% | $5.42M | 60 |
| ARTGF Airthings ASA | $0.04 | -91.82% | $8.10M | 49 |
| DFEL China TMK Battery Systems Inc. | $1.70 | +0.00% | $25.6M | 63 |
| ZOOZ ZOOZ Strategy Ltd. | $4.97 | -0.40% | $40.3M | 54 |
| NVX Novonix Limited | $0.40 | -2.39% | $59.8M | 59 |
| TNTLF Tantalus Systems Holding Inc. | $1.19 | -6.84% | $60.6M | 49 |
| ILIKF Ilika plc | $0.38 | +3.81% | $63.9M | 54 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are LSCG's Key Strengths?
- Specialized in LED lighting solutions.
- Offers biological lighting products.
- Provides solar-powered street lighting.
- Serves diverse markets.
What Are LSCG's Weaknesses?
- Negative profit margin.
- Low gross margin.
- Limited market capitalization.
- Trades on the OTC market.
What Could Drive LSCG Stock Higher?
- Increasing adoption of LED lighting in residential and commercial sectors.
- Potential government incentives for energy-efficient lighting solutions.
- Growing demand for biological lighting products for health and wellness.
- New product launches in the smart lighting category.
- Expansion into international markets with high demand for LED lighting.
What Are the Key Risks for LSCG?
- Financial-distress signal — its Altman Z-Score of -44.00 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Intense competition in the lighting industry.
- Fluctuations in LED component costs.
- Changes in energy efficiency regulations.
- Negative profit margin and low gross margin.
- Limited liquidity due to trading on the OTC market.
What Are the Growth Opportunities for LSCG?
- Expansion of Biological Lighting Products: The market for biological lighting, including circadian and horticultural lighting, is growing as awareness of the health and agricultural benefits increases. Lighting Science Group can capitalize on this trend by expanding its Good Night, Good Day, and VividGro product lines, targeting residential and commercial customers seeking optimized lighting solutions. This market segment is expected to grow significantly over the next 3-5 years.
- Penetration of Government and Infrastructure Projects: Government-owned and private infrastructure projects increasingly require energy-efficient lighting solutions. Lighting Science Group can leverage its FreeLED solar-powered street lighting solution to secure contracts with municipalities and infrastructure developers, contributing to sustainable urban development. This growth opportunity aligns with global trends towards smart cities and renewable energy adoption, with project timelines varying based on specific initiatives.
- Strategic Partnerships with Retailers and OEMs: Collaborating with retailers and original equipment manufacturers (OEMs) through branded and co-branded private label programs can expand Lighting Science Group's market reach. By partnering with established players in the lighting and home improvement sectors, the company can access new distribution channels and customer segments, driving sales growth and brand awareness. These partnerships can be established within the next 1-2 years.
- Development of Smart Lighting Solutions: Integrating smart technology into its lighting products can enhance Lighting Science Group's competitive advantage. By incorporating features such as remote control, dimming, and energy monitoring, the company can cater to the growing demand for smart home and building automation solutions. This market segment is expected to expand rapidly over the next 2-3 years, driven by the Internet of Things (IoT) and increasing consumer adoption of smart devices.
- Geographic Expansion into International Markets: Expanding its geographic footprint into international markets can unlock new growth opportunities for Lighting Science Group. By targeting regions with high demand for energy-efficient lighting solutions, such as Asia-Pacific and Europe, the company can diversify its revenue streams and reduce its reliance on the U.S. market. This expansion strategy can be implemented over the next 3-5 years, requiring careful market analysis and strategic partnerships.
What Opportunities Does LSCG Have?
- Expansion of biological lighting market.
- Penetration of government infrastructure projects.
- Strategic partnerships with retailers and OEMs.
- Development of smart lighting solutions.
What Threats Does LSCG Face?
- Intense competition in the lighting industry.
- Fluctuations in LED component costs.
- Changes in energy efficiency regulations.
- Economic downturns affecting construction and infrastructure projects.
What Are LSCG's Competitive Advantages?
- Specialized biological lighting products.
- Solar-powered street lighting solutions.
- Established relationships with distributors and retailers.
- Proprietary LED lighting designs and technologies.
What Does LSCG Do?
Incorporated in 1988 and headquartered in West Warwick, Rhode Island, Lighting Science Group Corporation designs, develops, and markets general illumination products using light emitting diodes (LEDs). The company's products include a range of LED retrofit lamps designed to replace traditional incandescent, compact fluorescent, and halogen lamps in existing light fixtures. Additionally, they offer LED luminaires, including FreeLED, a street lighting solution powered by solar energy. Lighting Science Group also provides biological lighting products such as Good Night and Good Day circadian replacement lamps, VividGro grow lights, MyNature Coastal lamps, and MyNature Grow lighting solutions. The company serves several markets, including residential and office, retail and hospitality, government-owned and private infrastructure, and schools and universities. These markets are reached through branded and co-branded private label programs, a direct sales force, distributors, and independent sales agents. Lighting Science Group's focus on LED technology and specialized lighting solutions positions it within the evolving landscape of the electrical equipment industry, catering to energy-efficient and biologically optimized lighting needs.
What Products and Services Does LSCG Offer?
- Designs and develops LED-based general illumination products.
- Manufactures LED retrofit lamps to replace traditional lighting.
- Offers LED luminaires, including solar-powered street lighting.
- Provides biological lighting products for circadian and horticultural applications.
- Serves residential, retail, government, and educational markets.
- Distributes products through branded programs, direct sales, and distributors.
How Does LSCG Make Money?
- Designs and manufactures LED lighting products.
- Sells products through direct sales, distributors, and private label programs.
- Targets residential, commercial, and government customers.
- Focuses on energy-efficient and specialized lighting solutions.
What Industry Does LSCG Operate In?
Lighting Science Group Corporation operates in the electrical equipment and parts industry, which is undergoing a significant shift towards LED technology. The global LED lighting market is expected to continue growing, driven by energy efficiency standards and declining LED prices. The industry is highly competitive, with major players like BCND, BWPC, EIPC, IVST, and LTHUQ. Lighting Science Group differentiates itself through its focus on specialized biological lighting products and solar-powered solutions, targeting niche markets within the broader lighting industry.
Who Are LSCG's Key Customers?
- Residential customers seeking energy-efficient lighting.
- Retail and hospitality businesses requiring lighting solutions.
- Government agencies and infrastructure projects.
- Schools and universities implementing energy-saving initiatives.
ROE 69%Key Financial Metrics
Return on equity for Lighting Science Group Corporation stands at 69.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -50.8%, showing how much profit it generates from its asset base. A current ratio of 0.99 means current liabilities exceed short-term assets, a liquidity point worth watching.
How Lighting Science Group Corporation Is Valued
Relative to its peer group, LSCG's quantitative score of 42/100 is below the peer average of 56/100.
F-Score 2/9Financial Health
Lighting Science Group Corporation's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -44.00 places it in the distress zone, a signal of elevated financial risk.
LSCG Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Specialized in LED lighting solutions.
- Offers biological lighting products.
- Provides solar-powered street lighting.
- Serves diverse markets.
Bear Case
- Negative profit margin.
- Low gross margin.
- Limited market capitalization.
- Trades on the OTC market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
LSCG Latest News
No recent news available for LSCG.
LSCG Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for LSCG.
Price Targets
Wall Street price target analysis for LSCG.
LSCG MoonshotScore
What does this score mean?
The MoonshotScore rates LSCG 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Edward D. Bednarcik
CEO
Edward D. Bednarcik serves as the CEO of Lighting Science Group Corporation, overseeing the company's strategic direction and operations. His background includes extensive experience in managing technology-driven organizations and driving innovation in the lighting industry. He is responsible for leading the company's efforts in developing and marketing advanced LED lighting solutions for various markets.
Track Record: Under Edward D. Bednarcik's leadership, Lighting Science Group Corporation has focused on expanding its product portfolio and penetrating new markets. Key achievements include the development of specialized biological lighting products and the implementation of strategic partnerships to enhance market reach. He manages a team of 50 employees.
LSCG OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Lighting Science Group Corporation may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited information available to investors, potentially increasing investment risk compared to companies listed on major exchanges like the NYSE or NASDAQ. This tier often includes companies with distressed financials, shell corporations, or those that choose not to comply with stricter reporting standards.
- OTC Tier: OTC Other
- Limited financial disclosure.
- Low trading volume and liquidity.
- Potential for price manipulation.
- Higher risk of fraud or scams.
- Lack of regulatory oversight.
- Verify the company's legal status and registration.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Check for any regulatory actions or legal issues.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Established history since 1988.
- Focus on LED lighting technology.
- Diverse product portfolio serving multiple markets.
- Presence of a CEO and management team.
- Physical headquarters in West Warwick, Rhode Island.
Lighting Science Group Corporation Industrials Stock: Key Questions Answered
What does the AI Score mean for LSCG?
LSCG holds an AI Score of 42/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Lighting Science Group Corporation designs, develops, and markets LED-based general illumination products. The company serves various markets, including residential, retail, and government …
What does Lighting Science Group Corporation do?
Lighting Science Group Corporation designs, develops, and markets LED-based general illumination products. The company offers a range of LED retrofit lamps and luminaires, including specialized biological lighting products and solar-powered street lighting solutions. It serves various markets, including residential, retail, government, and educational sectors, providing energy-efficient and innovative lighting solutions through direct sales, distributors, and private label programs.
What do analysts say about LSCG stock?
As of March 17, 2026, formal analyst coverage of Lighting Science Group Corporation (LSCG), trading on the OTC market, is limited. Key valuation metrics such as P/E ratio are not meaningful due to negative earnings. Investors should focus on revenue growth, gross margin, and the company's ability to achieve profitability.
What are the main risks for LSCG?
The main risks for Lighting Science Group Corporation include intense competition in the lighting industry, fluctuations in LED component costs, and potential changes in energy efficiency regulations. The company's negative profit margin and low gross margin pose financial challenges. Additionally, trading on the OTC market introduces risks related to limited liquidity, price volatility, and regulatory oversight. Investors should carefully assess these risks before investing in LSCG.
What are the key factors to evaluate for LSCG?
Lighting Science Group Corporation (LSCG) holds an AI score of 42/100 (low). Not financial advice.
How frequently does LSCG data refresh on this page?
LSCG's price was last updated on Jul 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven LSCG's recent stock price performance?
Lighting Science Group Corporation (LSCG) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized in LED lighting solutions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider LSCG overvalued or undervalued right now?
Lighting Science Group Corporation (LSCG) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research LSCG before investing?
Before investing in Lighting Science Group Corporation (LSCG), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recently available information.
- OTC market data may be limited and subject to change.
- AI analysis pending for further insights.