Lipocine Inc.
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
LPCN · Price history
Price at last available close
$1.46
−$0.63 (-30.14%) 1M
2026-10-27
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Company & revenue
About Lipocine Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
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.
How they make money
Lipocine is a biopharmaceutical company that generates revenue primarily through licensing its proprietary oral drug delivery technology and receiving royalty payments from commercialized products. The company focuses on developing and commercializing novel oral therapeutics, relying on contractual arrangements with partners to bring its pipeline candidates to market.
Products & services
Lipocine develops a pipeline of oral therapeutics including LPCN 1154 for postpartum depression, LPCN 2201 for major depressive disorder, LPCN 2101 for epilepsy, LPCN 2203 for essential tremor, and LPCN 2401 for obesity management.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Pharmaceutical companiesSource
Customer concentration
The company's revenue is highly concentrated in a limited number of licensing and royalty agreements, which can lead to significant fluctuations in annual revenue.
Suppliers, materials & equipment
- Contract Manufacturing Organizations — The company relies on third-party contract manufacturing organizations for the production of its clinical and commercial drug supplies; specific supplier names are not disclosed.Source
Strengths
- Proprietary oral drug delivery technology platformSource
Sources
Company-specific research
Questions worth answering for LPCN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving LPCN's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can LPCN fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is LPCN likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for LPCN to reach sustainable profitability?
- •What future growth or profitability would be needed to justify LPCN's current valuation?
Essential Investment Snapshot
Market Cap
$12.0M
P/E Ratio
-1.1
EPS
$-1.87
52-Week High
$12.37
52-Week Low
$1.81
Beta
0.47
Analyst Target
$5.00
Shares Outstanding
5.7M
Total Debt
$450K
Dividend
No current dividend
Liquidation Value / Share
$3.81
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on LPCN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary oral drug delivery technology platform.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
- −Dependence on third-party manufacturers and clinical trial partners.
- −History of operating losses and potential need for additional capital.
- −Regulatory approval and clinical trial success uncertainties.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$1.46
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -82.3%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6M | $2.0M | $11.2M | -$2.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $6.5M | $8.6M | $0.00 | $10.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$4.9M | -$6.6M | $11.2M | -$13.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $1.6M | $0.00 | $7.4M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $3.9M | $3.8M | $5.0M | $4.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $7.7M | $3.8M | $12.4M | $4.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$11.8M | -$9.6M | $50K | -$16.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$12.6M | -$10.4M | -$1.2M | -$17.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$11.9M | -$9.6M | $9K | -$16.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $200.00 | $200.00 | $681.00 | $755.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$11.9M | -$9.6M | $8K | -$16.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.87 | $-1.77 | $0.00 | $-3.14 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 8.22M | 5.45M | 5.34M | 5.27M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 8.22M | 5.71M | 5.42M | 5.27M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$190099
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.32
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
Not available
Cash Change
-17.6%
Margin Change
-1025.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 69.5%. EPS declined 22.0%. Cash declined 17.6%. Net income margin declined by 1025.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
BiotechnologyNews
Here's Why You Should Add LPCN Stock to Your Portfolio Now
Canadian Approval Of Lipocine Drug Marks Progress for Oral Testosterone Options In Canada
Lipocine (LPCN) Upgraded to Buy: What Does It Mean for the Stock?
Lipocine Announces Initiation of BLOOM Phase 3 Study of LPCN 1154 for Postpartum Depression
Rumor Mill · LPCN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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