Lipocine Inc. logo

Lipocine Inc.

LPCN

NASDAQHealthcareBiotechnology

Previous close

$2.09

$0.00 · 0.00%

Aug 21, 4:00 PM ET

LPCN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

47

Fair Value

Momentum

29

Weakening

Sentiment

68

Bullish

Risk resilience

34

High Risk

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Company profile

Company website

Lipocine Inc. is a biopharmaceutical firm currently in the clinical development phase, concentrating its efforts on creating medicinal products to address a range of neuroendocrine and metabolic conditions. A core aspect of the company's research and development involves formulating oral delivery methods for pharmaceutical compounds that typically suffer from low bioavailability. Its foremost investigational therapy is TLANDO, an oral solution for testosterone replacement. The company's development pipeline also encompasses several other promising candidates: LPCN 1144: An orally administered prodrug derived from bioidentical testosterone, which has successfully completed Phase II clinical trials for the treatment of non-cirrhotic non-alcoholic steatohepatitis. LPCN 1111: An oral prodrug of testosterone tridecanoate, engineered for once-daily administration, and having also concluded Phase II clinical studies in men experiencing hypogonadism. LPCN 1148: A novel prodrug combining testosterone and testosterone laurate, designed for the management of decompensated cirrhosis. LPCN 1154: An investigational new drug application has been submitted to initiate a Phase 2 study targeting Postpartum Depression. LPCN 2101: A compound intended for women with epilepsy, which has progressed beyond its pre-clinical study phase. LPCN 1107: An oral hydroxyprogesterone caproate product, which has completed its dose-finding Phase II clinical trial aimed at preventing recurrent preterm birth. The corporate headquarters for Lipocine Inc. are located in Salt Lake City, Utah.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Mahesh V. Patel
Listed since
Oct 22, 2013
Employees
14

Market position

Day range

Current $2.09

52-week range

Current $2.09

Open
$2.07
Previous close
$2.09
Volume
17.78K
0.23× average
Average volume
78.87K
Average daily volume
Market cap
17.23M USD
Beta
0.46
Market reference 1
50-day average
$2.2476
-7.01% below average
200-day average
$4.5297
-53.86% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
39M USD
EV / EBITDA
-4.08×
Earnings yield
-22.00%
Free cash flow yield
-22.31%

Profitability & efficiency

Return on equity
-66.50%
Return on assets
-56.61%
Return on invested capital
-69.48%

Financial health

Current ratio
6.68×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends934%-287%-1508%-2729%Gross margin, FY2021: 52.51%Gross margin, FY2022: -1611.38%Gross margin, FY2023: 456.92%Gross margin, FY2024: 100.00%Gross margin, FY2025: -334.26%Operating margin, FY2021: 19.49%Operating margin, FY2022: -2423.88%Operating margin, FY2023: 628.98%Operating margin, FY2024: -10.31%Operating margin, FY2025: -524.69%Net margin, FY2021: -3.93%Net margin, FY2022: -2151.73%Net margin, FY2023: 573.59%Net margin, FY2024: 0.07%Net margin, FY2025: -487.06%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.51%. Gross margin FY2022 -1611.38%. Gross margin FY2023 456.92%. Gross margin FY2024 100.00%. Gross margin FY2025 -334.26%. Operating margin FY2021 19.49%. Operating margin FY2022 -2423.88%. Operating margin FY2023 628.98%. Operating margin FY2024 -10.31%. Operating margin FY2025 -524.69%. Net margin FY2021 -3.93%. Net margin FY2022 -2151.73%. Net margin FY2023 573.59%. Net margin FY2024 0.07%. Net margin FY2025 -487.06%.

Income trends

Revenue

1.98M USD-82.35%

Operating income

−10.37M USD-797.93%

Net income

−9.63M USD−9.64M USD
Income trends across reported periods19.55M USD5.92M USD−7.71M USD−21.34M USDRevenue, FY2021: 16.14M USDRevenue, FY2022: 500K USDRevenue, FY2023: −2.85M USDRevenue, FY2024: 11.2M USDRevenue, FY2025: 1.98M USDOperating income, FY2021: 3.15M USDOperating income, FY2022: −12.12M USDOperating income, FY2023: −17.93M USDOperating income, FY2024: −1.16M USDOperating income, FY2025: −10.37M USDNet income, FY2021: −634.4K USDNet income, FY2022: −10.76M USDNet income, FY2023: −16.35M USDNet income, FY2024: 8.35K USDNet income, FY2025: −9.63M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.14M USD. Revenue FY2022 500K USD. Revenue FY2023 −2.85M USD. Revenue FY2024 11.2M USD. Revenue FY2025 1.98M USD. Operating income FY2021 3.15M USD. Operating income FY2022 −12.12M USD. Operating income FY2023 −17.93M USD. Operating income FY2024 −1.16M USD. Operating income FY2025 −10.37M USD. Net income FY2021 −634.4K USD. Net income FY2022 −10.76M USD. Net income FY2023 −16.35M USD. Net income FY2024 8.35K USD. Net income FY2025 −9.63M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.98M USD11.2M USD−2.85M USD500K USD16.14M USD
Cost of goods sold8.58M USD10.18M USD8.56M USD7.67M USD
Gross profit−6.61M USD11.2M USD−13.03M USD−8.06M USD8.48M USD
Research and development7.35M USD
Selling, general, and administrative3.76M USD5M USD4.9M USD4.06M USD5.33M USD
Operating expenses3.76M USD12.35M USD4.9M USD4.06M USD5.33M USD
Interest income744.07K USD1.15M USD1.37M USD572.58K USD67.7K USD
Interest expense27.1K USD203.29K USD
Depreciation and amortization60.78K USD41.11K USD28.66K USD9.45K USD380 USD
Operating income−10.37M USD−1.16M USD−17.93M USD−12.12M USD3.15M USD
Net income−9.63M USD8.35K USD−16.35M USD−10.76M USD−634.4K USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 2 misses, 2 met estimates
Average EPS surprise
+44.45%
11 comparable reports
Latest EPS result
-0.32
Estimate -0.4 · Beat by 20.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.40.04-0.31-0.67Q1 '25BeatQ2 '25MetQ3 '25MetQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 0.33, estimate -0.4, surprise +182.50%, Beat. Q2 2025, reported May 8, 2025: actual -0.35, estimate -0.35, surprise 0.00%, Met estimate. Q3 2025, reported Aug 5, 2025: actual -0.41, estimate -0.41, surprise 0.00%, Met estimate. Q4 2025, reported Nov 6, 2025: actual -0.59, estimate -0.56, surprise -5.36%, Miss. Q1 2026, reported Mar 9, 2026: actual -0.34, estimate -0.6, surprise +43.33%, Beat. Q2 2026, reported May 7, 2026: actual -0.54, estimate -0.51, surprise -5.88%, Miss. Q3 2026, reported Aug 4, 2026: actual -0.32, estimate -0.4, surprise +20.00%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate -0.32, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.76M2.54M1.31M79.78KQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 3.49M USD, estimate 2.61M USD, surprise +33.57%, Beat. Q2 2025, reported May 8, 2025: actual 93.86K USD, estimate 352K USD, surprise -73.33%, Miss. Q3 2025, reported Aug 5, 2025: actual 622.85K USD, estimate 238K USD, surprise +161.70%, Beat. Q4 2025, reported Nov 6, 2025: actual 114.57K USD, estimate 238K USD, surprise -51.86%, Miss. Q1 2026, reported Mar 9, 2026: actual 1.12M USD, estimate 116K USD, surprise +867.84%, Beat. Q2 2026, reported May 7, 2026: actual 1.19M USD, estimate 162.5K USD, surprise +634.75%, Beat. Q3 2026, reported Aug 4, 2026: actual 190.1K USD, estimate 213K USD, surprise -10.75%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 219K USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$6.00

187.08% upside
Past 12 months12-month forecastHigh $6.00Average $6.00Low $6.00

LPCN news

Corporate actions

Corporate action history

Stock split

Effective May 12, 2023

1:17

LPCN peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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