Financial Snapshot

Revenue
$7.923M
TTM
Gross Margin
Net Earnings
-$4.056M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
1296.72%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$19.12M
Q3 2024
Cash
Q3 2024
P/E
-6.474
Nov 29, 2024 EST
Free Cash Flow
-$2.537M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue -$2.851M $500.0K $16.14M $160.0K $428.0K $0.00 $0.00 $0.00 $0.00 $0.00 $7.710M $0.00
YoY Change -670.16% -96.9% -62.62% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue -$2.851M $500.0K $16.14M $160.0K $428.0K $0.00 $0.00 $0.00 $0.00 $0.00 $7.710M $0.00
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin $4.905M $4.062M $5.330M $8.250M $5.600M $5.290M $10.21M $10.38M $5.800M $5.000M $3.640M $80.00K $10.00K
YoY Change 20.74% -23.78% -35.4% 47.32% 5.86% -48.19% -1.64% 78.97% 16.0% 37.36% 4450.0% 700.0%
% of Gross Profit
Research & Development $10.18M $8.557M $7.666M $9.750M $7.470M $6.465M $11.00M $8.076M $12.58M $15.48M $5.123M $2.281M
YoY Change 18.91% 11.63% -21.38% 30.52% 15.55% -41.25% 36.26% -35.8% -18.73% 202.16% 124.57%
% of Gross Profit
Depreciation & Amortization $29.00K $9.500K $380.00 $0.00 $20.00K $20.00K $30.00K $30.00K $30.00K $10.00K $20.00K
YoY Change 205.26% 2400.0% -100.0% 0.0% -33.33% 0.0% 0.0% 200.0% -50.0%
% of Gross Profit
Operating Expenses $15.08M $12.62M $13.00M $17.99M $13.07M $11.75M $21.22M $19.19M $18.38M $20.48M $10.68M $3.832M $10.00K
YoY Change 19.5% -2.89% -27.76% 37.64% 11.2% -44.6% 10.59% 4.38% -10.25% 91.7% 178.77% 38223.95%
Operating Profit -$17.93M -$12.12M $3.146M -$11.33M -$21.22M -$19.19M -$18.38M -$20.48M -$10.68M $3.877M
YoY Change 47.95% -485.29% -46.62% 10.59% 4.38% -10.25% 91.7% -375.54%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $27.10K -$135.6K -$310.0K -$340.0K
YoY Change -119.99% -56.26% -8.82%
% of Operating Profit -4.31%
Other Income/Expense, Net $1.580M $1.361M $355.9K -$2.890M $240.0K -$333.5K $235.8K $216.1K $170.0K $110.0K $40.00K
YoY Change 16.03% 282.54% -112.31% -1304.17% -171.96% -241.43% 9.13% 27.1% 54.55% 175.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income -$16.35M -$10.76M -$634.2K -$20.96M -$13.01M -$11.66M -$20.98M -$18.97M -$18.21M -$20.37M -$10.65M $3.888M -$10.00K
YoY Change 51.99% 1596.3% -96.97% 61.11% 11.58% -44.43% 10.6% 4.19% -10.62% 91.38% -373.82% -38975.89%
Income Tax $755.00 $681.00 $200.00 $0.00 $0.00 $700.00 $700.00 $752.00 $200.00 $200.00 -$55.05K $684.00 $0.00
% Of Pretax Income 0.02%
Net Earnings -$16.35M -$10.76M -$634.4K -$20.96M -$13.01M -$11.66M -$20.98M -$18.97M -$18.21M -$20.37M -$10.59M $3.887M -$10.00K
YoY Change 51.99% 1595.88% -96.97% 61.11% 11.58% -44.43% 10.6% 4.18% -10.62% 92.37% -372.46% -38969.05%
Net Earnings / Revenue -2151.73% -3.93% -8131.25% -2724.11% 50.42%
Basic Earnings Per Share -$3.10 -$0.12 -$0.01 -$0.55 -$1.05 -$1.04 -$1.11 -$1.60 -$1.44 $0.85
Diluted Earnings Per Share -$3.14 -$0.13 -$7.297K -$376.4K -$502.7K -$0.55 -$1.05 -$1.04 -$1.11 -$1.60 -$1.44 $0.85 -$333.3K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $22.04M $32.53M $44.62M $19.67M $14.07M $15.25M $21.47M $26.84M $44.38M $27.67M $45.26M $0.00 $20.00K
YoY Change -32.26% -27.09% 126.83% 39.8% -7.74% -28.97% -20.01% -39.52% 60.39% -38.86% -100.0%
Cash & Equivalents $4.772M $3.149M $2.951M $19.22M $9.730M $8.080M $3.210M $5.560M $20.01M $27.67M $45.26M $0.00 $20.00K
Short-Term Investments $17.26M $29.38M $41.67M $450.0K $4.340M $7.170M $18.26M $21.28M $24.38M
Other Short-Term Assets $773.4K $1.525M $1.514M $5.660M $5.550M $5.520M $410.0K $330.0K $350.0K $230.0K $770.0K $0.00 $10.00K
YoY Change -49.28% 0.68% -73.24% 1.98% 0.54% 1246.34% 24.24% -5.71% 52.17% -70.13% -100.0%
Inventory
Prepaid Expenses
Receivables $52.25K $80.43K $247.3K $0.00 $20.00K $40.00K $20.00K $40.00K $140.0K $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.320M $0.00 $0.00 $0.00
Total Short-Term Assets $22.86M $34.14M $46.38M $25.33M $19.63M $20.81M $25.22M $27.21M $44.88M $27.90M $46.03M $0.00 $30.00K
YoY Change -33.03% -26.4% 83.1% 29.04% -5.67% -17.49% -7.31% -39.37% 60.86% -39.39% -100.0%
Property, Plant & Equipment $116.1K $131.6K $7.210K $0.00 $0.00 $20.00K $80.00K $100.0K $80.00K $70.00K $30.00K
YoY Change -11.77% 1725.1% -100.0% -75.0% -20.0% 25.0% 14.29% 133.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $2.022M $0.00 $400.0K
YoY Change -100.0% -100.0%
Other Assets $23.75K $23.75K $23.75K $20.00K $20.00K $20.00K $30.00K $30.00K $20.00K $20.00K $50.00K
YoY Change 0.0% 0.0% 18.75% 0.0% 0.0% -33.33% 0.0% 50.0% 0.0% -60.0%
Total Long-Term Assets $139.9K $3.408M $6.103M $20.00K $30.00K $40.00K $110.0K $130.0K $500.0K $90.00K $80.00K $0.00 $0.00
YoY Change -95.9% -44.16% 30413.8% -33.33% -25.0% -63.64% -15.38% -74.0% 455.56% 12.5%
Total Assets $23.00M $37.54M $52.48M $25.35M $19.66M $20.85M $25.33M $27.34M $45.38M $27.99M $46.11M $0.00 $30.00K
YoY Change
Accounts Payable $1.396M $600.4K $1.289M $1.600M $1.180M $670.0K $600.0K $250.0K $510.0K $310.0K $1.030M $10.00K $10.00K
YoY Change 132.51% -53.43% -19.42% 35.59% 76.12% 11.67% 140.0% -50.98% 64.52% -69.9% 10200.0% 0.0%
Accrued Expenses $1.218M $1.078M $2.016M $1.650M $450.0K $490.0K $1.500M $1.080M $2.880M $1.330M $260.0K
YoY Change 13.06% -46.55% 22.21% 266.67% -8.16% -67.33% 38.89% -62.5% 116.54% 411.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $2.311M $3.330M $3.330M $3.330M
YoY Change -100.0% -30.61% 0.0% 0.0%
Total Short-Term Liabilities $2.632M $1.678M $5.617M $6.580M $4.960M $4.490M $6.350M $1.330M $3.390M $1.630M $1.280M $10.00K $10.00K
YoY Change 56.82% -70.12% -14.64% 32.66% 10.47% -29.29% 377.44% -60.77% 107.98% 27.34% 12700.0% 0.0%
Long-Term Debt $0.00 $0.00 $0.00 $2.260M $3.810M $6.930M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -40.68% -45.02%
Other Long-Term Liabilities $0.00 $229.9K $1.296M $1.170M $4.590M $0.00
YoY Change -100.0% -82.26% 10.75% -74.51%
Total Long-Term Liabilities $0.00 $229.9K $1.296M $3.430M $8.400M $6.930M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -82.26% -62.22% -59.17% 21.21%
Total Liabilities $2.632M $1.908M $6.912M $10.01M $13.37M $11.42M $6.350M $1.330M $3.390M $1.630M $1.280M $10.00K $10.00K
YoY Change 37.93% -72.4% -30.94% -25.13% 17.08% 79.84% 377.44% -60.77% 107.98% 27.34% 12700.0% 0.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $26.258 Million

About Lipocine Inc.

Lipocine, Inc. is a clinical-stage biopharmaceutical company, which engages in the research and development of the delivery of drugs using proprietary delivery technology. The company is headquartered in Salt Lake City, Utah and currently employs 17 full-time employees. The company went IPO on 2014-03-21. Its clinical development candidates include: LPCN 1154, oral brexanolone, for treatment of postpartum depression, LPCN 2101 for epilepsy, LPCN 2203 for essential tremor and LPCN 1148, a novel androgen receptor agonist prodrug for oral administration targeted for the management of symptoms associated with liver cirrhosis. The company is exploring partnering opportunities for LPCN 1107, for prevention of preterm birth, LPCN1154, for rapid relief of postpartum depression, LPCN 1148, for the management of decompensated cirrhosis, and LPCN 1144, for treatment of non-cirrhotic NASH. Its product candidate, TLANDO, an oral treatment indicated for testosterone replacement therapy in adult males for conditions associated with a deficiency or absence of endogenous testosterone.

Industry: Pharmaceutical Preparations Peers: DMK PHARMACEUTICALS Corp Item 9 Labs Corp. Akari Therapeutics Plc COGNITION THERAPEUTICS INC Opus Genetics, Inc. CUMBERLAND PHARMACEUTICALS INC Endexx Corp JOHNSON & JOHNSON Zynerba Pharmaceuticals, Inc.