LNZAW Stock Price Chart
Daily OHLCV with technical indicators — pan, zoom, and customize your view
Moving averages & overlays
Volume
Oscillators
Momentum & trend
Configure
10-Year Performance
Revenue, net income, margins and EPS trends
Revenue & Net Income$56M
2022-12-31→2025-12-31
EPS$-22.27
2022-12-31→2025-12-31
Free Cash Flow$-66M
2023-12-31→2025-12-31
Margins-87.7%
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LNZAW
Peer Median
Profitability
Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LNZAW
Peer Median
Operating Margin
-141.7%
—
Net Profit Margin
-87.7%
—
ROA
-35.6%
—
ROE
336.7%
—
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LNZAW
Peer Median
Current Ratio
1.4
—
Quick Ratio
0.5
—
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LNZAW
Peer Median
Revenue YoY
12.6%
—
Revenue CAGR 3Y
14.4%
—
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
LNZAW
Peer Median
EPS (Diluted)
$-22.27
—
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LNZAW
Peer Median
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
Income Statement14
Annual Income Statement data for LNZAW
Metric
Trend
2025
2024
2023
2022
Revenue
$56M
$50M
$63M
$37M
R&D Expense
$53M
$77M
$68M
$53M
SG&A Expense
$47M
$50M
$50M
$27M
Operating Expenses
$135M
$159M
$169M
$113M
Operating Income
$-79M
$-109M
$-106M
$-76M
Other Non-op
$42M
$-18M
$-29M
$-3M
Pretax Income
·
$-123M
$-131M
$-78M
Income Tax
$0
$0
$0
$0
Net Income
$-49M
$-138M
$-134M
$-76M
EPS (Basic)
$-22.27
$-69.71
$-0.79
$-12.37
EPS (Diluted)
$-22.27
$-69.71
$-0.79
$-12.37
Shares (Basic)
2,197,935
1,975,799
176,023,219
9,302,080
Shares (Diluted)
2,197,935
1,975,799
176,023,219
9,302,080
EBITDA
$-79M
·
$-106M
$-6M
Balance Sheet24
Annual Balance Sheet data for LNZAW
Metric
Trend
2025
2024
2023
2022
Cash & Equivalents
$13M
$43M
$76M
$83M
Short-term Investments
·
·
·
$0
Inventory
$684.0K
$2M
$2M
$1M
Prepaid Expense
$2M
$3M
$4M
$3M
Other Current Assets
$10M
$15M
$13M
$11M
Current Assets
$40M
$99M
$173M
$124M
PP&E (Net)
$17M
$22M
$23M
$20M
PP&E (Gross)
$58M
$60M
$55M
$47M
Accum. Depreciation
$41M
$38M
$32M
$27M
Other Non-current Assets
$751.0K
$7M
$6M
$750.0K
Total Assets
$100M
$175M
$242M
$177M
Accounts Payable
$11M
$5M
$4M
$7M
Current Liabilities
$28M
$30M
$28M
$56M
Capital Leases
$16M
$31M
$20M
$7M
Other Non-current Liabilities
$8.0K
$587.0K
$1M
$2M
Total Liabilities
$91M
$161M
$127M
$125M
Total Debt
·
·
$25M
·
Common Stock
$23.0K
$19.0K
$19.0K
$1.0K
Paid-in Capital
$1.01B
$982M
$944M
$25M
Retained Earnings
$-1.02B
$-970M
$-832M
$-456M
AOCI
$1M
$1M
$2M
$3M
Stockholders' Equity
$-4M
$13M
$114M
$-429M
Liabilities + Equity
$100M
$175M
$242M
$177M
Shares Outstanding
2,320,511
1,949,157
1,966,425
10,422,051
Cash Flow9
Annual Cash Flow data for LNZAW
Metric
Trend
2025
2024
2023
2022
Stock-based Comp
$7M
$13M
$15M
$3M
Deferred Tax
$0
$0
$0
$0
Operating Cash Flow
$-65M
$-89M
$-97M
$-85M
CapEx
$1M
$5M
$9M
$11M
Investing Cash Flow
$11M
$28M
$-58M
$-11M
Net Debt Issued
$-12M
·
·
·
Financing Cash Flow
$26M
$30M
$148M
$51M
Net Change in Cash
$-29M
$-31M
$-7M
$-336.7K
Free Cash Flow
$-66M
·
$-106M
·
Profitability7
Annual Profitability data for LNZAW
Metric
Trend
2025
2024
2023
2022
Operating Margin
-141.7%
·
-169.8%
·
Net Margin
-87.7%
·
-214.1%
·
Pretax Margin
·
·
-209.5%
·
EBITDA Margin
-141.7%
·
-169.8%
·
ROA
-35.6%
·
-64.1%
·
ROE
336.7%
·
-110.4%
·
ROIC
·
·
-76.2%
·
Liquidity & Solvency4
Annual Liquidity & Solvency data for LNZAW
Metric
Trend
2025
2024
2023
2022
Current Ratio
1.4
·
6.2
·
Quick Ratio
0.5
·
2.7
·
Debt / Equity
·
·
0.2
·
LT Debt / Equity
·
·
0.2
·
Efficiency1
Annual Efficiency data for LNZAW
Metric
Trend
2025
2024
2023
2022
Asset Turnover
0.4
·
0.3
·
Per Share5
Annual Per Share data for LNZAW
Metric
Trend
2025
2024
2023
2022
Book Value / Share
$-1.68
·
$0.58
·
Revenue / Share
$25.41
·
$0.36
·
Cash Flow / Share
$-29.51
·
$-0.55
·
Cash / Share
$5.67
·
$0.38
·
EPS (TTM)
$-22.27
$-69.71
$-0.79
$-12.37
Growth Rates2
Annual Growth Rates data for LNZAW
Metric
Trend
2025
2024
2023
2022
Revenue YoY
12.6%
-20.8%
67.7%
·
Revenue CAGR 3Y
14.4%
·
·
·
Valuation (TTM)2
Annual Valuation (TTM) data for LNZAW
Metric
Trend
2025
2024
2023
2022
Revenue TTM
$56M
$50M
$63M
$37M
Net Income TTM
$-49M
$-138M
$-134M
$-76M
Income Statement14
Quarterly Income Statement data for LNZAW
Metric
Trend
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
Revenue
$9M
$12M
$28M
$9M
$9M
$9M
$12M
$10M
$17M
$10M
$20M
$20M
$13M
$10M
$12M
$8M
R&D Expense
$2M
$4M
$12M
$10M
$15M
$16M
$16M
$22M
$21M
$17M
$16M
$17M
$19M
$16M
$13M
$14M
SG&A Expense
$9M
$9M
$5M
$7M
$19M
$16M
$16M
$11M
$12M
$11M
$9M
$12M
$12M
$17M
$7M
$7M
Operating Expenses
$19M
$22M
$28M
$25M
$41M
$41M
$39M
$43M
$40M
$36M
$39M
$44M
$44M
$42M
$31M
$29M
Operating Income
$-10M
$-10M
$-205.0K
$-16M
$-32M
$-31M
$-27M
$-33M
$-23M
$-26M
$-19M
$-25M
$-31M
$-33M
$-19M
$-21M
Other Non-op
$-1M
$-423.0K
$2M
$18M
$3M
$18M
$6M
$-20M
$-4M
$179.0K
$524.0K
$-2M
$2M
$-30M
$-2M
$-1M
Pretax Income
·
·
·
·
·
$-13M
·
$-52M
$-26M
$-25M
$-17M
$-25M
$-27M
$-63M
$-34M
$-22M
Income Tax
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Income
$184M
$-15M
$-84.0K
$3M
$-32M
$-19M
$-27M
$-57M
$-28M
$-26M
$-19M
$-25M
$-27M
$-63M
$-21M
$-22M
EPS (Basic)
$15.81
$-1.77
$-23.16
$1.14
$-14.90
$-9.79
$-40.40
$-29.04
$-0.14
$-0.13
$0.06
$-0.13
$-0.14
$-0.58
$-3.28
$-3.47
EPS (Diluted)
$15.81
$-1.77
$-23.01
$0.99
$-14.90
$-9.79
$-40.40
$-29.04
$-0.14
$-0.13
$0.06
$-0.13
$-0.14
$-0.58
$-3.28
$-3.47
Shares (Basic)
11,660,592
8,272,551
-414,758,084
2,320,018
2,181,217
1,965,143
-394,723,012
1,977,734
197,746,569
196,974,508
-331,914,882
195,869,537
195,537,601
116,530,963
-18,369,414
9,229,781
Shares (Diluted)
11,660,592
8,272,551
-415,101,259
2,663,193
2,181,217
1,965,143
-394,723,012
1,977,734
197,746,569
196,974,508
-331,914,882
195,869,537
195,537,601
116,530,963
-18,369,414
9,229,781
EBITDA
$-10M
$-10M
·
$-16M
$-32M
$-31M
·
$-33M
$-23M
$-26M
·
$-25M
$-31M
$-33M
·
$-1M
Balance Sheet25
Quarterly Balance Sheet data for LNZAW
Metric
Trend
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
Cash & Equivalents
$45M
$20M
$13M
$20M
$37M
$14M
$43M
$59M
$62M
$57M
$76M
$91M
$111M
$145M
$83M
$7.3K
Short-term Investments
·
·
·
·
·
·
·
·
·
·
·
·
$50M
$49M
·
·
Inventory
·
·
$684.0K
·
·
·
$2M
·
·
·
$2M
·
·
·
$1M
·
Prepaid Expense
·
·
$2M
·
·
·
$3M
·
·
·
$4M
·
·
·
$3M
$277.8K
Other Current Assets
$12M
$11M
$10M
$13M
$14M
$14M
$15M
$16M
$15M
$15M
$13M
$17M
$19M
$19M
$11M
·
Current Assets
$69M
$48M
$40M
$51M
$66M
$58M
$99M
$137M
$125M
$147M
$173M
$177M
$209M
$241M
$124M
$285.1K
PP&E (Net)
$16M
$16M
$17M
$18M
$19M
$20M
$22M
$22M
$23M
$23M
$23M
$23M
$22M
$20M
$20M
·
PP&E (Gross)
·
·
$58M
·
·
·
$60M
·
·
·
$55M
·
·
·
$47M
·
Accum. Depreciation
·
·
$41M
·
·
·
$38M
·
·
·
$32M
·
·
·
$27M
·
Other Non-current Assets
$626.0K
$671.0K
$751.0K
$830.0K
$910.0K
$4M
$7M
$6M
$6M
$6M
$6M
$6M
$6M
$300.0K
$750.0K
·
Total Assets
$323M
$105M
$100M
$99M
$116M
$126M
$175M
$216M
$212M
$214M
$242M
$246M
$269M
$292M
$177M
$151M
Accounts Payable
$7M
$10M
$11M
$6M
$4M
$6M
$5M
$3M
$4M
$2M
$4M
$6M
$11M
$12M
$7M
$2M
Accrued Liabilities
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$2M
$1M
Current Liabilities
$28M
$24M
$28M
$25M
$56M
$27M
$30M
$47M
$28M
$21M
$28M
$34M
$33M
$34M
$56M
$4M
Capital Leases
$16M
$16M
$16M
$17M
$17M
$30M
$31M
$29M
$29M
$19M
$20M
$5M
$6M
$6M
$7M
·
Other Non-current Liabilities
$3.0K
$4.0K
$8.0K
$514.0K
$513.0K
$512.0K
$587.0K
$608.0K
$654.0K
$1M
$1M
$2M
$2M
$2M
$2M
·
Total Liabilities
$62M
$57M
$91M
$91M
$128M
$127M
$161M
$203M
$144M
$123M
$127M
$118M
$117M
$123M
$125M
$6M
Total Debt
·
·
·
·
·
·
·
·
$9M
$15M
·
$23M
$34M
$19M
·
·
Common Stock
$23.0K
$23.0K
$23.0K
$23.0K
$23.0K
$19.0K
$19.0K
$19.0K
$19.0K
$19.0K
$19.0K
$19.0K
$19.0K
$19.0K
$1.0K
·
Paid-in Capital
$1.11B
$1.08B
$1.01B
$1.01B
$994M
$984M
$982M
$954M
$950M
$947M
$944M
$940M
$936M
$928M
$25M
$0
Retained Earnings
$-849M
$-1.03B
$-1.02B
$-1.02B
$-1.02B
$-989M
$-970M
$-943M
$-885M
$-857M
$-832M
$-813M
$-788M
$-761M
$-456M
$-5M
AOCI
$828.0K
$1M
$1M
$2M
$2M
$4M
$1M
$2M
$2M
$2M
$2M
$2M
$3M
$3M
$3M
·
Stockholders' Equity
$261M
$48M
$-4M
$-5M
$-25M
$-1M
$13M
$14M
$68M
$92M
$114M
$128M
$151M
$169M
$-429M
$-5M
Liabilities + Equity
$323M
$105M
$100M
$99M
$116M
$126M
$175M
$216M
$212M
$214M
$242M
$246M
$269M
$292M
$177M
$151M
Shares Outstanding
13,089,163
10,089,163
2,320,511
2,319,960
231,995,967
197,897,580
1,949,157
197,782,055
197,765,067
197,725,477
196,642,451
196,055,228
195,674,502
195,451,596
10,422,051
·
Cash Flow10
Quarterly Cash Flow data for LNZAW
Metric
Trend
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
Stock-based Comp
$739.0K
$1M
$1M
$1M
$2M
$2M
$3M
$4M
$4M
$3M
$3M
$3M
$5M
$4M
$460.0K
$653.0K
Operating Cash Flow
$-1M
$-9M
$-6M
$-16M
$-22M
$-21M
$-20M
$-26M
$-15M
$-28M
$-16M
$-22M
$-25M
$-34M
$-13M
$-71M
CapEx
$676.0K
$55.0K
$211.0K
$168.0K
$166.0K
$713.0K
$2M
$289.0K
$2M
$1M
$1M
$2M
$4M
$1M
$4M
$2M
Investing Cash Flow
$-2M
$-2M
$-211.0K
$-168.0K
$7M
$4M
$14M
$-15M
$20M
$9M
$-1M
$64M
$51M
$-50M
$-4M
$-7M
Net Debt Issued
·
$0
·
·
·
$-12M
·
·
·
·
·
·
·
·
·
·
Stock Issued
$30M
$20M
·
·
$15M
$0
·
·
·
·
·
·
·
·
·
·
Net Stock Activity
·
$20M
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Financing Cash Flow
$28M
$18M
$0
$0
$38M
$-12M
$-10M
$40M
$38.0K
$186.0K
$913.0K
$-60M
$-60M
$146M
$51M
$16.0K
Net Change in Cash
$25M
$7M
$-6M
$-16M
$24M
$-30M
$-15M
$-2M
$5M
$-19M
·
·
·
·
·
$-500
Free Cash Flow
·
$-9M
·
·
·
$-22M
·
·
·
$-30M
·
·
·
$-35M
·
·
Profitability7
Quarterly Profitability data for LNZAW
Metric
Trend
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
Operating Margin
-109.5%
-81.6%
·
-168.7%
-354.9%
-327.5%
·
-331.5%
-131.2%
-255.3%
·
-125.4%
-237.0%
-337.2%
·
·
Net Margin
2044.7%
-122.1%
·
30.8%
-357.8%
-202.8%
·
-577.6%
-160.0%
-249.0%
·
-129.2%
-207.4%
·
·
·
Pretax Margin
·
·
·
·
·
-133.9%
·
-521.9%
-150.1%
-242.4%
·
-126.8%
-208.4%
·
·
·
EBITDA Margin
-109.5%
-81.6%
·
-168.7%
-354.9%
-327.5%
·
-331.5%
-131.2%
-255.3%
·
-125.4%
-237.0%
-337.2%
·
·
ROA
84.0%
-12.7%
·
1.8%
-19.8%
-11.3%
·
-24.8%
-11.6%
-10.1%
·
-12.7%
-12.8%
·
·
0.82%
ROE
156.5%
-62.6%
·
66.3%
-153.5%
-42.4%
·
-80.8%
-25.4%
-19.5%
·
-41.0%
-38.2%
·
·
-16.1%
ROIC
·
·
·
·
·
2645.1%
·
·
-29.7%
-24.4%
·
-16.2%
-16.5%
·
·
19.4%
Liquidity & Solvency4
Quarterly Liquidity & Solvency data for LNZAW
Metric
Trend
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
Current Ratio
2.5
2.0
·
2.0
1.2
2.2
·
2.9
4.4
6.9
·
5.3
6.4
7.1
·
0.1
Quick Ratio
1.6
0.8
·
0.8
0.7
0.5
·
1.3
2.2
2.7
·
2.7
4.9
5.7
·
0.0
Debt / Equity
·
·
·
·
·
·
·
·
0.1
0.2
·
0.2
0.2
0.1
·
·
LT Debt / Equity
·
·
·
·
·
·
·
·
0.1
0.2
·
0.2
0.2
0.1
·
·
Efficiency1
Quarterly Efficiency data for LNZAW
Metric
Trend
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
Asset Turnover
0.0
0.1
·
0.1
0.1
0.1
·
0.0
0.1
0.0
·
0.1
0.1
0.0
·
·
Per Share5
Quarterly Per Share data for LNZAW
Metric
Trend
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
Book Value / Share
$19.91
$4.76
·
$-2.15
$-0.11
$-0.01
·
$0.07
$0.34
$0.46
·
$0.66
$0.77
$0.87
·
·
Revenue / Share
$0.77
$1.45
·
$3.48
$0.04
$0.05
·
$0.05
$0.09
$0.05
·
$0.10
$0.07
$0.08
·
·
Cash Flow / Share
·
$-1.12
·
·
·
$-0.11
·
·
·
$-0.14
·
·
·
$-0.29
·
·
Cash / Share
$3.44
$1.97
·
$8.46
$0.16
$0.07
·
$0.30
$0.31
$0.29
·
$0.47
$0.57
$0.74
·
·
EPS (TTM)
$0.13
$-10.72
·
$-28.30
$-29.43
$-29.41
·
$-29.44
$-0.54
$-0.98
·
$-4.32
$-6.96
$-9.67
·
·
Valuation (TTM)10
Quarterly Valuation (TTM) data for LNZAW
Metric
Trend
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
Revenue TTM
$39M
$40M
·
$38M
$46M
$47M
·
$57M
$60M
$52M
·
$50M
$40M
$35M
·
·
Net Income TTM
$140M
$-64M
·
$-106M
$-137M
$-130M
·
$-136M
$-105M
$-141M
·
$-138M
$-128M
$-118M
·
$-55M
Market Cap
$174.1K
$134.2K
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P/E
0.1
-0.0
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P/S
0.0
0.0
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P/B
0.0
0.0
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P / Tangible Book
0.0
0.0
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P / Cash Flow
·
-0.0
·
·
·
·
·
·
·
·
·
·
·
·
·
·
P / FCF
·
-0.0
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Earnings Yield
977.4%
-80601.5%
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$56M
$50M
$63M
$37M
—
Operating Margin %
-141.7%
—
-169.8%
—
—
Net Income
$-49M
$-138M
$-134M
$-76M
$46.7K
Diluted EPS
$-22.27
$-69.71
$-0.79
$-12.37
—
Balance Sheet
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
—
—
0.2
—
—
Current Ratio
1.4
—
6.2
—
0.9
Quick Ratio
0.5
—
2.7
—
0.5
Cash Flow
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-66M
—
$-106M
—
—
My Metrics
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Institutional owners (13F)
11 filers · $20K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
2
(+2 vs prior Q)
2
(+1 vs prior Q)
1
(-1 vs prior Q)
0
(-1 vs prior Q)
+314K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
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