Lipocine Inc. (LPCN)

Lipocine Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	11.2	-2.85	0.5	16.14	-
Revenue Growth (YoY)	-	-	-96.90%	-	-
Gross Profit	11.2	-2.85	0.5	16.14	-
Selling, General & Admin	5	4.9	4.06	5.33	8.25
Research & Development	7.35	10.18	8.56	7.67	9.75
Operating Expenses	12.35	15.08	12.62	13	18
Operating Income	-1.16	-17.93	-12.12	3.15	-18
Interest Expense	-	-	-0.03	-0.2	-0.39
Interest & Investment Income	1.15	1.37	0.57	0.07	0.08
Other Non Operating Income (Expenses)	0.02	0.21	0.57	0.36	-2.89
EBT Excluding Unusual Items	0.01	-16.35	-11.01	3.37	-21.2
Legal Settlements	-	-	0.25	-4	-
Other Unusual Items	-	-	-	-	0.23
Pretax Income	0.01	-16.35	-10.76	-0.63	-20.96
Income Tax Expense	0	0	0	0	0
Net Income	0.01	-16.35	-10.76	-0.63	-20.96
Preferred Dividends & Other Adjustments	-	0	-	-	-
Net Income to Common	0.01	-16.35	-10.76	-0.63	-20.96
Shares Outstanding (Basic)	5	5	5	5	3
Shares Outstanding (Diluted)	5	5	5	5	3
Shares Change (YoY)	2.90%	0.26%	1.98%	57.35%	115.16%
EPS (Basic)	0.00	-3.10	-2.06	-0.12	-6.40
EPS (Diluted)	-0.00	-3.14	-2.15	-0.19	-6.46
Free Cash Flow	-1.31	-11.88	-12.1	-4.42	-15.3
Free Cash Flow Per Share	-0.24	-2.25	-2.30	-0.86	-4.67
Gross Margin	100.00%	-	100.00%	100.00%	-
Operating Margin	-10.32%	-	-2423.88%	19.49%	-
Profit Margin	0.07%	-	-2151.73%	-3.93%	-
Free Cash Flow Margin	-11.71%	-	-2420.53%	-27.38%	-
EBITDA	-1.11	-17.9	-12.11	3.15	-17.99
EBITDA Margin	-9.95%	-	-	19.49%	-
D&A For EBITDA	0.04	0.03	0.01	0	0
EBIT	-1.16	-17.93	-12.12	3.15	-18
EBIT Margin	-10.31%	-	-	19.49%	-
Effective Tax Rate	7.54%	-	-	-	-
Revenue as Reported	11.2	-2.85	0.5	-	-

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q