Financial Statements — LPCN
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.98 | 5.02 | 3.90 | 6.04 | 3.35 | 3.74 | 5.55 | 3.08 | 4.07 | 5.01 | 4.77 | 2.40 | 4.98 | 5.73 | 4.52 | 10.97 | 15.60 |
| Total Current Assets | 23.74 | 25.24 | 15.93 | 18.42 | 20.33 | 20.50 | 22.91 | 25.32 | 24.61 | 27.08 | 30.61 | 36.11 | 38.08 | 43.50 | 40.37 | 47.16 | 45.94 |
| Property, Plant & Equipment | 0.07 | 0.09 | 0.12 | 0.13 | 0.15 | 0.17 | 0.10 | 0.11 | 0.11 | 0.12 | 0.13 | 0.04 | 0.04 | 0.03 | -- | -- | -- |
| Total Non-current Assets* | 0.10 | 0.11 | 0.14 | 0.16 | 0.17 | 0.19 | 0.12 | 0.13 | 0.14 | 3.40 | 3.41 | 3.31 | 4.11 | 4.11 | 0.02 | 0.02 | 4.63 |
| Total Assets | 23.84 | 25.36 | 16.07 | 18.58 | 20.50 | 20.70 | 23.03 | 25.45 | 24.75 | 30.48 | 34.02 | 39.42 | 42.19 | 47.60 | 40.39 | 47.18 | 50.58 |
| Accounts Payable | 0.68 | 1.56 | 0.86 | 0.44 | 0.36 | 0.29 | 0.45 | 0.67 | 1.10 | 0.52 | 0.80 | 0.63 | 0.81 | 0.47 | 0.73 | 0.91 | 0.56 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.48 | 3.14 | 3.96 | 3.33 |
| Total Current Liabilities | 2.07 | 2.53 | 1.93 | 1.45 | 1.30 | 1.58 | 1.82 | 1.49 | 2.24 | 1.83 | 1.93 | 1.51 | 1.71 | 3.52 | 6.43 | 8.81 | 5.40 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.83 | 2.50 | 3.33 | 4.17 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.10 | 0.13 | 0.26 | 0.59 | 1.67 | 1.15 | 2.63 | 2.79 |
| Total Liabilities | 2.07 | 2.53 | 1.93 | 1.45 | 1.30 | 1.58 | 1.82 | 1.49 | 2.27 | 1.93 | 2.06 | 1.78 | 2.30 | 5.19 | 7.58 | 11.43 | 8.19 |
| Retained Earnings | (215.69) | (213.07) | (207.03) | (203.84) | (201.63) | (201.55) | (199.33) | (196.26) | (197.49) | (190.84) | (187.30) | (181.20) | (178.79) | (176.15) | (185.29) | (182.21) | (175.40) |
| Total Stockholder Equity | 21.77 | 22.83 | 14.14 | 17.13 | 19.20 | 19.12 | 21.21 | 23.96 | 22.48 | 28.55 | 31.96 | 37.65 | 39.89 | 42.41 | 32.81 | 35.75 | 42.39 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.19 | 0.12 | 1.15 | 0.11 | 0.62 | 0.09 | 3.49 | 0.00 | 0.09 | 7.62 | 0.22 | (3.12) | 0.00 | 0.05 | 0.00 | 0.00 | 0.50 | -- | 16.09 | 0.05 |
| Research & Development | 2.04 | 2.76 | 2.68 | 2.71 | 2.14 | 1.06 | 1.07 | 1.59 | 1.87 | 2.82 | 1.67 | 2.88 | 2.52 | 3.11 | 1.67 | 2.10 | 2.90 | 1.89 | 2.25 | 2.37 |
| Selling, General & Admin | 0.99 | 1.20 | 0.98 | 0.77 | 0.89 | 1.12 | 0.87 | 1.05 | 1.51 | 1.58 | 1.13 | 1.04 | 1.44 | 1.29 | 0.89 | 0.80 | 1.13 | 1.24 | 1.05 | 1.22 |
| Total Operating Expenses | 3.03 | 3.97 | 3.66 | 3.48 | 3.03 | 2.18 | 1.95 | 2.63 | 3.38 | 4.39 | 2.81 | 3.92 | 3.96 | 4.39 | 2.56 | 2.90 | 4.03 | 3.13 | 3.30 | 3.59 |
| Operating Income | (2.84) | (3.85) | (2.52) | (3.36) | (2.40) | (2.09) | 1.55 | (2.63) | (3.29) | 3.22 | (2.59) | (7.04) | (3.96) | (4.34) | (2.56) | (2.90) | (3.53) | (3.13) | 12.78 | (3.53) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 |
| Pretax Income | (2.62) | (3.67) | (2.37) | (3.19) | (2.21) | (1.86) | 1.78 | (2.22) | (3.07) | 3.51 | (2.28) | (6.65) | (3.55) | (3.87) | (2.23) | (2.41) | (2.63) | (3.49) | 12.62 | (3.08) |
| Tax Provision | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (2.62) | (3.67) | (2.37) | (3.19) | (2.21) | (1.86) | 1.78 | (2.22) | (3.07) | 3.51 | (2.28) | (6.65) | (3.55) | (3.87) | (2.23) | (2.41) | (2.63) | (3.49) | 12.62 | (3.08) |
| Basic EPS | (0.32) | (0.54) | (0.42) | (0.59) | (0.41) | (0.35) | -- | (0.41) | (0.57) | 0.66 | (1.12) | (1.26) | (0.68) | (0.04) | (0.02) | (0.03) | (0.03) | (0.04) | 0.14 | (0.03) |
| Diluted EPS | (0.32) | (0.54) | (0.34) | (0.59) | (0.41) | (0.35) | -- | (0.44) | (0.56) | 0.66 | (1.15) | (1.27) | (0.68) | (0.04) | (0.02) | (0.03) | (0.04) | (0.04) | 0.14 | (0.03) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (3.03) | (2.26) | (2.92) | (2.99) | (1.89) | (1.97) | 1.70 | (2.83) | (2.50) | 2.41 | (2.02) | (2.61) | (3.31) | (3.93) | (1.84) | (3.20) | (3.05) | (3.89) | 8.99 | (6.98) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.01 | 0.08 | -- | -- | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.01 | 0.03 | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | 1.69 | (2.91) | -- | -- | (2.03) | (2.61) | (3.31) | (3.93) | (1.94) | (3.20) | (3.06) | (3.91) | -- | -- |
| Investing Cash Flow | 1.48 | (9.90) | 1.57 | 0.70 | 4.50 | (0.88) | 0.76 | 1.02 | 4.75 | (4.09) | 2.73 | 1.24 | 3.56 | 5.55 | 2.60 | 0.61 | 3.79 | 7.30 | (9.72) | 1.37 |
| Financing Cash Flow | 1.51 | 11.97 | 2.65 | 0.14 | 0.08 | -- | 0.00 | 0.00 | 0.22 | (0.01) | (0.01) | 0.42 | (0.01) | (0.01) | (0.01) | 0.00 | (1.49) | (0.63) | (0.84) | (0.84) |
* Derived from reported values
