LIPOCINE INC. (LPCN)

2.17 -2.69% (-0.06)

Over 1M: +2.4%

2026-08-28
2.1 2.2
31 Jul 5 Aug 10 Aug 13 Aug 18 Aug 21 Aug 26 Aug

Financials Quarterly

Q3 '21 — Revenue: 55K Q3 '21 — Operating Cash Flow: -7M Q3 '21 — Net Income: -3.1M Q4 '21 — Revenue: 16.1M Q4 '21 — Operating Cash Flow: 9M Q4 '21 — Net Income: 12.6M Q1 '22 — Revenue: 0 Q1 '22 — Operating Cash Flow: -3.9M Q1 '22 — Free Cash Flow: -3.9M Q1 '22 — Net Income: -3.5M Q2 '22 — Revenue: 500K Q2 '22 — Operating Cash Flow: -3M Q2 '22 — Free Cash Flow: -3.1M Q2 '22 — Net Income: -2.6M Q3 '22 — Revenue: 0 Q3 '22 — Operating Cash Flow: -3.2M Q3 '22 — Free Cash Flow: -3.2M Q3 '22 — Net Income: -2.4M Q4 '22 — Revenue: 0 Q4 '22 — Operating Cash Flow: -1.8M Q4 '22 — Free Cash Flow: -1.9M Q4 '22 — Net Income: -2.2M Q1 '23 — Revenue: 55K Q1 '23 — Operating Cash Flow: -3.9M Q1 '23 — Free Cash Flow: -3.9M Q1 '23 — Net Income: -3.9M Q2 '23 — Revenue: 0 Q2 '23 — Operating Cash Flow: -3.3M Q2 '23 — Free Cash Flow: -3.3M Q2 '23 — Net Income: -3.5M Q3 '23 — Revenue: -3.1M Q3 '23 — Operating Cash Flow: -2.6M Q3 '23 — Free Cash Flow: -2.6M Q3 '23 — Net Income: -6.7M Q4 '23 — Revenue: 216.2K Q4 '23 — Operating Cash Flow: -2M Q4 '23 — Free Cash Flow: -2M Q4 '23 — Net Income: -2.3M Q1 '24 — Revenue: 7.6M Q1 '24 — Operating Cash Flow: 2.4M Q1 '24 — Net Income: 3.5M Q2 '24 — Revenue: 89.6K Q2 '24 — Operating Cash Flow: -2.5M Q2 '24 — Net Income: -3.1M Q3 '24 — Revenue: 0 Q3 '24 — Operating Cash Flow: -2.8M Q3 '24 — Net Income: -2.2M Q4 '24 — Revenue: 3.5M Q4 '24 — Operating Cash Flow: 1.7M Q4 '24 — Free Cash Flow: 1.7M Q4 '24 — Net Income: 1.8M Q1 '25 — Revenue: 93.9K Q1 '25 — Operating Cash Flow: -2M Q1 '25 — Net Income: -1.9M Q2 '25 — Revenue: 622.8K Q2 '25 — Operating Cash Flow: -1.9M Q2 '25 — Net Income: -2.2M Q3 '25 — Revenue: 114.6K Q3 '25 — Operating Cash Flow: -3M Q3 '25 — Net Income: -3.2M Q4 '25 — Revenue: 1.1M Q4 '25 — Operating Cash Flow: -2.9M Q4 '25 — Net Income: -2.4M Q1 '26 — Revenue: 119.4K Q1 '26 — Operating Cash Flow: -2.3M Q1 '26 — Net Income: -3.7M Q2 '26 — Revenue: 190.1K Q2 '26 — Operating Cash Flow: -3M Q2 '26 — Net Income: -2.6M -5M 0 5M 10M 15M 20M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.7
SBC / sales 14.6%
OE margin -727.7%
Oper. margin -800.8%
Accruals -2.8%
Asset turnover 0.066×
EBITDA margin -797.1%
FCF margin -713.0%
OCF margin -713.0%
Profit margin -755.1%
ROA -49.7%
ROCE -57.7%
ROE -54.4%
Capex / sales —
Gross margin —
OCF / EBIT —
ROIC —

4 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.0
RPO / sales —
RPO growth —
Segment HHI —

2 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

7.1
Current ratio 11.5×
ND/EBITDA —
Cash runway 2.1 yr
Debt / Eq 0.0×
Debt payback 0.0 yr
Quick ratio 11.5×
F-score 0.0 pts
Cash / Debt —
Interest cover —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.1
Sales CAGR 4Y -40.8%
Sales/sh Y/Y -64.6%
Sales Q/Q -69.5%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.