Lipocine (LPCN)

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Lipocine Inc. is a clinical-stage biopharmaceutical company focused on improving how established medicines and hormones are delivered. The company’s work centres on proprietary oral drug-delivery technologies designed to turn compounds that are often injected, implanted, or otherwise difficult to administer into oral formulations. This approach gives Lipocine a specialist role in pharmaceutical development: rather than building an entirely broad therapeutic franchise, it applies formulation expertise to drug candidates where convenience, consistency, and patient adherence may be improved.

The company’s best-known commercial product is TLANDO, an oral testosterone replacement therapy for adult males with conditions associated with low or absent endogenous testosterone. Lipocine’s broader pipeline includes additional candidates that use its delivery platform, including TLANDO XR and programmes identified as LPCN 1144, LPCN 1148, LPCN 1107, and LPCN 1154. These assets have been associated with areas such as men’s health, metabolic and liver-related disorders, and hormone-related therapies, reflecting the company’s focus on oral bioavailability and formulation challenges.

Lipocine operates as a research and development-led business and may advance candidates independently, through collaborations, or with corporate partners. Its economic prospects therefore depend on clinical progress, regulatory outcomes, intellectual property protection, licensing or partnership activity, and the commercial performance of approved products. As a small biopharmaceutical company, Lipocine is typically viewed by investors through the lens of pipeline milestones and the potential market opportunity for differentiated oral therapies.

2.15 USD
+0.02 (+0.91%)

Last updated

Market Cap
18.05M
P/E
P/FCF
P/S
9.59
Enterprise Value
13.04M
Sector
Health Care
Industry
Pharmaceutical Preparations
Address
675 ARAPEEN DRIVE, SUITE 202, SALT LAKE CITY, X1, 84108
Market Cap
18.05M
Enterprise Value
13.04M
P/E
P/B
0.79
P/S
9.59
EV / EBITDA
-1.07
EV / Sales
6.93
EPS
-1.39
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
ROE
-50.08%
ROA
-45.09%
Debt / Equity
0
Current Ratio
9.99
Quick Ratio
9.99
Cash
1.98
Avg Volume
115.29K
Fundamentals Snapshot Price
2.19

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 1.15M 114.57K 622.85K
Gross profit 1.15M 114.57K 622.85K
Operating income -3.97M -2.52M -3.36M -2.4M -2.18M
EBITDA -3.95M -2.5M -3.35M -2.39M -2.17M
Net income -3.67M -2.37M -3.19M -2.21M -1.86M
Basic EPS -0.54 -0.42 -0.59 -0.41 -0.35
Diluted EPS -0.54 -0.34 -0.59 -0.41 -0.35

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 25.36M 17.01M 16.07M 18.58M 20.5M
Total liabilities 2.53M 2.53M 1.93M 1.45M 1.3M
Total equity 22.83M 14.48M 14.14M 17.13M 19.2M
Cash & equivalents 5.02M 5.21M 3.9M 6.04M 3.35M
Current assets 25.24M 16.88M 15.93M 18.42M 20.33M
Current liabilities 2.53M 2.53M 1.93M 1.45M 1.3M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -2.26M -2.92M -2.99M -1.89M -1.97M
Investing cash flow -9.9M 1.57M 701.45K 4.5M -882.07K
Financing cash flow 11.97M 2.65M 141.33K 75.62K
Change in cash -190.23K 1.3M -2.14M 2.69M -2.85M
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edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
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edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
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edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
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edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
edgar index 8-K — Lipocine Inc. View Filing
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