LPCN Financial Statements

Balance sheet, income statement, cash flow, and dividends for Lipocine Inc (LPCN).


$26.10M Market Cap.

As of 03/13/2025 5:00 PM ET (MRY) • Disclaimer

LPCN Market Cap. (MRY)


LPCN Shares Outstanding (MRY)


LPCN Assets (MRY)


Total Assets

$22.51M

Total Liabilities

$1.51M

Total Investments

$15.43M

LPCN Income (MRY)


Revenue

$11.20M

Net Income

$8.35K

Operating Expense

$12.35M

LPCN Cash Flow (MRY)


CF Operations

-$1.22M

CF Investing

$2.45M

CF Financing

$209.34K

LPCN Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

-

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

-

0%

-

LPCN Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$22,510,501 (-2.13%)

$23,001,072 (-38.73%)

$37,542,922 (-28.47%)

$52,482,439 (107.01%)

Assets Current

$22,321,673 (-2.36%)

$22,861,224 (-33.03%)

$34,135,080 (-26.40%)

$46,379,675 (83.11%)

Assets Non-Current

$188,828 (35.02%)

$139,848 (-95.90%)

$3,407,842 (-44.16%)

$6,102,764 (25592.60%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$20,997,565 (3.08%)

$20,369,443 (-42.84%)

$35,634,940 (-21.80%)

$45,570,018 (197.03%)

Property Plant & Equipment Net

$165,075 (42.19%)

$116,095 (-11.77%)

$131,589 (1724.84%)

$7,211 (0%)

Cash & Equivalents

$6,205,926 (30.06%)

$4,771,758 (51.56%)

$3,148,496 (6.71%)

$2,950,552 (-87.82%)

Accumulated Other Comprehensive Income

$9,138 (25.89%)

$7,259 (135.72%)

-$20,321 (-12.79%)

-$18,016 (0%)

Deferred Revenue

$320,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$15,427,385 (-10.64%)

$17,263,788 (-41.24%)

$29,381,410 (-32.75%)

$43,689,205 (9608.88%)

Investments Current

$15,427,385 (-10.64%)

$17,263,788 (-41.24%)

$29,381,410 (-29.49%)

$41,667,405 (9159.59%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$2,021,800 (0%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$271,696 (-80.54%)

$1,395,977 (132.51%)

$600,388 (-53.43%)

$1,289,342 (-19.28%)

Accumulated Retained Earnings (Deficit)

-$199,768,862 (0.00%)

-$199,777,214 (-8.91%)

-$183,425,043 (-6.23%)

-$172,666,407 (-0.37%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$0 (0%)

$0 (0%)

$0 (0%)

$2,310,825 (-58.66%)

Debt Current

$0 (0%)

$0 (0%)

$0 (0%)

$2,310,825 (-30.68%)

Debt Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Liabilities

$1,512,936 (-42.51%)

$2,631,629 (37.93%)

$1,907,982 (-72.40%)

$6,912,421 (-30.95%)

Liabilities Current

$1,512,936 (-42.51%)

$2,631,629 (56.82%)

$1,678,126 (-70.12%)

$5,616,625 (-14.69%)

Liabilities Non-Current

$0 (0%)

$0 (0%)

$229,856 (-82.26%)

$1,295,796 (-62.19%)

LPCN Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$11,198,144 (492.80%)

-$2,850,818 (-670.16%)

$500,000 (-96.90%)

$16,140,838 (0%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$5,001,426 (1.97%)

$4,904,888 (20.74%)

$4,062,487 (-23.78%)

$5,329,776 (-35.38%)

Research & Development Expense

$7,351,753 (-27.75%)

$10,175,251 (18.91%)

$8,556,888 (11.63%)

$7,665,559 (-21.37%)

Operating Expenses

$12,353,179 (-18.08%)

$15,080,139 (19.50%)

$12,619,375 (-2.89%)

$12,995,335 (-27.79%)

Interest Expense

$0 (0%)

$0 (0%)

$27,098 (-86.67%)

$203,292 (-47.42%)

Income Tax Expense

$681 (-9.80%)

$755 (10.87%)

$681 (240.50%)

$200 (0.00%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$8,352 (100.05%)

-$16,352,082 (-51.99%)

-$10,758,636 (-1595.88%)

-$634,399 (96.97%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$8,352 (100.05%)

-$16,352,082 (-51.99%)

-$10,758,636 (-1595.88%)

-$634,399 (96.97%)

Preferred Dividends Income Statement Impact

$0 (0%)

$89 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$8,352 (100.05%)

-$16,352,171 (-51.99%)

-$10,758,636 (-1595.88%)

-$634,399 (96.97%)

Weighted Average Shares

$5,338,957 (1.31%)

$5,269,671 (1.27%)

$5,203,367 (1.75%)

$5,113,801 (56.11%)

Weighted Average Shares Diluted

$5,422,604 (2.90%)

$5,269,671 (0.80%)

$5,227,997 (1.43%)

$5,154,321 (57.35%)

Earning Before Interest & Taxes (EBIT)

$9,033 (100.06%)

-$16,351,327 (-52.38%)

-$10,730,857 (-2390.30%)

-$430,907 (97.91%)

Gross Profit

$11,198,144 (492.80%)

-$2,850,818 (-670.16%)

$500,000 (-96.90%)

$16,140,838 (0%)

Operating Income

-$1,155,035 (93.56%)

-$17,930,957 (-47.95%)

-$12,119,375 (-485.29%)

$3,145,503 (117.48%)

LPCN Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$2,446,061 (-81.31%)

$13,084,686 (-8.46%)

$14,293,707 (132.65%)

-$43,780,397 (-1224.68%)

Net Cash Flow from Financing

$209,340 (-48.26%)

$404,567 (119.02%)

-$2,126,944 (-107.90%)

$26,924,870 (28.83%)

Net Cash Flow from Operations

-$1,221,233 (89.71%)

-$11,865,991 (0.86%)

-$11,968,819 (-171.32%)

-$4,411,303 (71.17%)

Net Cash Flow / Change in Cash & Cash Equivalents

$1,434,168 (-11.65%)

$1,623,262 (720.06%)

$197,944 (100.93%)

-$21,266,830 (-324.12%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$2,536,147 (-80.64%)

$13,097,853 (-9.22%)

$14,427,538 (132.96%)

-$43,772,806 (-1224.48%)

Capital Expenditure

-$90,086 (-584.18%)

-$13,167 (90.16%)

-$133,831 (-1663.02%)

-$7,591 (0%)

Issuance (Repayment) of Debt Securities

$0 (0%)

$0 (0%)

-$2,316,667 (30.50%)

-$3,333,333 (-132.59%)

Issuance (Purchase) of Equity Shares

$209,340 (-48.26%)

$404,567 (113.24%)

$189,723 (-99.37%)

$30,258,203 (35.49%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$408,551 (-37.57%)

$654,438 (2.88%)

$636,140 (5.33%)

$603,946 (-56.02%)

Depreciation Amortization & Accretion

$41,106 (43.42%)

$28,661 (203.19%)

$9,453 (2387.63%)

$380 (-89.31%)

LPCN Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00%

Profit Margin

0.10% (-99.98%)

573.60% (126.66%)

-2151.70% (-55071.79%)

-3.90%

EBITDA Margin

0.40% (-99.93%)

572.60% (126.70%)

-2144.30% (-79318.52%)

-2.70%

Return on Average Equity (ROAE)

0% (0%)

-63.30% (-128.52%)

-27.70% (-1631.25%)

-1.60% (99.06%)

Return on Average Assets (ROAA)

0% (0%)

-58.30% (-125.97%)

-25.80% (-1884.62%)

-1.30% (98.53%)

Return on Sales (ROS)

0.10% (-99.98%)

573.60% (126.73%)

-2146.20% (-79388.89%)

-2.70%

Return on Invested Capital (ROIC)

0.10% (100.13%)

-76.90% (-157.19%)

-29.90% (-2391.67%)

-1.20% (99.75%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-

-0.9 (72.85%)

-3.31 (96.66%)

-99.11 (-2669.21%)

Price to Sales Ratio (P/S)

2.33 (145.12%)

-5.16 (-107.33%)

70.38 (1218.42%)

5.34

Price to Book Ratio (P/B)

1.24 (70.74%)

0.73 (-26.32%)

0.99 (-48.54%)

1.92 (-67.03%)

Debt to Equity Ratio (D/E)

0.07 (-44.19%)

0.13 (138.89%)

0.05 (-64.47%)

0.15 (-76.72%)

Earnings Per Share (EPS)

0 (0%)

-3.1 (-51.96%)

-2.04 (-1100.00%)

-0.17 (97.37%)

Sales Per Share (SPS)

2.1 (487.62%)

-0.54 (-663.54%)

0.1 (-96.96%)

3.16 (0%)

Free Cash Flow Per Share (FCFPS)

-0.25 (89.09%)

-2.25 (3.10%)

-2.33 (-169.21%)

-0.86 (81.51%)

Book Value Per Share (BVPS)

3.93 (1.76%)

3.87 (-43.56%)

6.85 (-23.15%)

8.91 (90.28%)

Tangible Assets Book Value Per Share (TABVPS)

4.22 (-3.41%)

4.37 (-39.50%)

7.21 (-29.70%)

10.26 (32.61%)

Enterprise Value Over EBIT (EV/EBIT)

2,475 (247600.00%)

-1 (66.67%)

-3 (98.50%)

-200 (-4900.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

445.86 (67757.21%)

-0.66 (78.46%)

-3.06 (98.47%)

-200.04 (-5193.54%)

Asset Turnover

0.49 (579.41%)

-0.1 (-950.00%)

0.01 (-96.46%)

0.34 (0%)

Current Ratio

14.75 (69.84%)

8.69 (-57.29%)

20.34 (146.32%)

8.26 (114.66%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$1,311,319 (88.96%)

-$11,879,158 (1.85%)

-$12,102,650 (-173.88%)

-$4,418,894 (71.12%)

Enterprise Value (EV)

$22,355,006 (107.79%)

$10,758,460 (-67.21%)

$32,812,633 (-61.90%)

$86,123,737 (10.77%)

Earnings Before Tax (EBT)

$9,033 (100.06%)

-$16,351,327 (-51.99%)

-$10,757,955 (-1596.31%)

-$634,199 (96.97%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$50,139 (100.31%)

-$16,322,666 (-52.24%)

-$10,721,404 (-2390.30%)

-$430,527 (97.91%)

Invested Capital

$14,791,639 (-5.17%)

$15,597,685 (-52.32%)

$32,716,300 (-29.23%)

$46,226,087 (32437.31%)

Working Capital

$20,808,737 (2.86%)

$20,229,595 (-37.67%)

$32,456,954 (-20.38%)

$40,763,050 (117.46%)

Tangible Asset Value

$22,510,501 (-2.13%)

$23,001,072 (-38.73%)

$37,542,922 (-28.47%)

$52,482,439 (107.01%)

Market Capitalization

$26,097,947 (75.97%)

$14,831,166 (-57.88%)

$35,209,593 (-59.76%)

$87,504,863 (-2.05%)

Average Equity

$21,319,859 (-17.50%)

$25,840,751 (-33.56%)

$38,895,840 (-0.60%)

$39,129,377 (216.27%)

Average Assets

$22,921,920 (-18.32%)

$28,064,682 (-32.68%)

$41,691,032 (-12.52%)

$47,656,860 (101.55%)

Invested Capital Average

$16,673,965 (-21.53%)

$21,250,024 (-40.79%)

$35,890,931 (-0.66%)

$36,129,159 (729.31%)

Shares

5,347,940 (0.60%)

5,315,830 (2.10%)

5,206,517 (0.25%)

5,193,568 (34.41%)