Lipocine (LPCN)
Nasdaq Market Open
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.
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
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 18.05M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 13.04M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.79
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 9.59
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -1.07
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 6.93
- EPS
- -1.39
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- —
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -50.08%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -45.09%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 9.99
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 9.99
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 1.98
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 115.29K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 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 |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G — Lipocine Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — Lipocine Inc. | View Filing | |
| edgar index | 10-Q — Lipocine Inc. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | DEF 14A — Lipocine Inc. | View Filing | |
| edgar index | DEFA14A — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| form 4 | Form 4 — Higuchi John W. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| form 4 | Form 4 — Patel Mahesh V. | View Filing | |
| form 4 | Form 4 — Higuchi John W. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Patel Mahesh V. | View Filing | |
| edgar index | 10-K — Lipocine Inc. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 424B5 — Lipocine Inc. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — 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 | 4 — Lipocine Inc. | View Filing | |
| form 4 | Form 4 — Patel Mahesh V. | View Filing | |
| edgar index | SCHEDULE 13G — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| form 4 | Form 4 — Fogarty Krista | View Filing | |
| form 4 | Form 4 — Patel Mahesh V. | 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 | 10-Q — 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 | |
| edgar index | 8-K — Lipocine Inc. | View Filing | |
| edgar index | 10-Q — 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 | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing | |
| edgar index | 4 — Lipocine Inc. | View Filing |