LPCN Instantâneo da Ação Preço, capitalização de mercado, P/E, EPS, ROE, dívida/patrimônio, intervalo de 52 semanas

03

Preço $2.05

Capitalização de Mercado (MRQ) $17M

P/E (TTM) -1.1

EPS (TTM) $-1.79

Receita (TTM) $2M

ROE (TTM) -60.9%

Intervalo 52 Semanas $2–$12

LPCN Gráfico de Preço da Ação OHLCV diário com indicadores técnicos — panorâmica, zoom e personalize sua visualização

04

intervalo

barras

A granularidade da barra se adapta ao período selecionado — passe o mouse sobre o gráfico para ver a abertura/máxima/mínima/fechamento de uma barra.

Divisões de Ações 1

Data ex	Desdobramento	Tipo
12 de Maio de 2023	1-for-17	Reverso

Desempenho de 10 Anos Tendências de receita, lucro líquido, margens e EPS

06

Receita$2M

2016-12-31 → 2025-12-31

EPS$-1.69

2016-12-31 → 2025-12-31

Fluxo de caixa livre·

2016-12-31 → 2024-12-31

Margem líquida-755.1%

2018-12-31 → 2025-12-31

Avaliação e Proporções 07–12

Avaliação Rácios P/E, P/S, P/B, EV/EBITDA — a ação está cara ou barata?

Métrica	LPCN	média 5A	Mediana de Pares	Veredito
P/E (TTM)	-1.1média 5A ≈-339.3	≈-339.3	·	·
P/S (TTM)	10.8média 5A ≈262.4	≈262.4	·	·
P/B (MRQ)	0.8média 5A ≈11.0	≈11.0	2.1	Subvalorizado
Price / Cash Flow (Preço / Fluxo de Caixa)	-1.3média 5A ≈-83.0	≈-83.0	·	·
Price / Tangible Book (Preço / Valor Patrimonial Tangível)	0.9média 5A ≈11.0	≈11.0	·	·

A mediana dos pares é calculada em uma base padronizada por métrica e pode não corresponder sempre à base TTM/MRQ mostrada para esta ação.

Lucratividade Margens bruta, operacional e líquida; ROE, ROA, ROIC

Métrica	LPCN	média 5A	Mediana de Pares	Veredito
Margem Operacional (TTM)	-800.8%média 5A ≈-462.1%	≈-462.1%	-2347.6%	Primeira linha
EBITDA Margin (Margem EBITDA)	-524.7%média 5A ≈-462.1%	≈-462.1%	-1495.1%	Em linha
Margem de Impostos Pré-Tributação (TTM)	-755.1%média 5A ≈-413.8%	≈-413.8%	-805.1%	Fraco
Margem de Lucro Líquido (TTM)	-755.1%média 5A ≈-413.8%	≈-413.8%	-1379.6%	Em linha
ROA (TTM)	-55.9%média 5A ≈-25.6%	≈-25.6%	-92.4%	Primeira linha
ROE (TTM)	-60.9%média 5A ≈-33.6%	≈-33.6%	-59.3%	Em linha
ROIC	-71.6%média 5A ≈-38.4%	≈-38.4%	145.2%	Fraco

Saúde financeira Dívida, liquidez, solvência — força do balanço patrimonial

Métrica	Tendência de 5 anos	LPCN	média 5A	Mediana de Pares	Veredito
Índice de liquidez corrente (MRQ)		11.5média 5A ≈11.7	≈11.7	5.6	Liquidez forte
Quick Ratio (Índice de Liquidez Seca)		2.1média 5A ≈2.1	≈2.1	4.2	Baixa liquidez

Crescimento Crescimento da receita, EPS e lucro líquido: YoY, CAGR 3 anos, CAGR 5 anos

Métrica	Tendência de 5 anos	LPCN	média 5A	Mediana de Pares	Veredito
Revenue YoY (Receita Ano a Ano)		-82.3%	·	·	·
Revenue CAGR 3Y (CAGR Receita 3A)		58.1%	·	·	·

Métricas por Ação EPS, valor patrimonial por ação, fluxo de caixa por ação, dividendo por ação

Métrica	LPCN	média 5A	Mediana de Pares	Veredito
EPS (Diluted) (EPS (Diluído))	$-1.69média 5A ≈$-1.75	≈$-1.75	·	·
Revenue / Share (Receita / Ação)	$0.35média 5A ≈$0.41	≈$0.41	·	·
Cash Flow / Share (Fluxo de Caixa / Ação)	$-1.71média 5A ≈$-0.87	≈$-0.87	·	·
Cash / Share (Caixa / Ação)	$0.85média 5A ≈$0.59	≈$0.59	·	·

Eficiência de Capital Giro de ativos, giro de estoques, giro de contas a receber

Métrica	Tendência de 5 anos	LPCN	média 5A	Mediana de Pares	Veredito
Asset Turnover (Giro do Ativo)		0.1média 5A ≈0.2	≈0.2	0.1	Em linha
Revenue / Employee (Receita anual ÷ funcionários (número de funcionários reportado, yfinance). Derivado — não é um conceito SEC-XBRL armazenado.)		≈$141.2K	·	·	·

valor · ≈ média 5A · mediana do setor · veredicto relativo à mediana

Histórico de Lucros EPS real vs. estimativa, surpresa %, taxa de acerto, próxima data de resultados

14

Surpresa Média 7.6%

Próximo relatório Nov 04, 2026

Período	Relatório	EPS Actual	EPS est.	Surpresa
30 de Junho de 2026	Ago 3, 2026	$-0.32	$-0.44	27.9%
31 de Março de 2026	Mai 6, 2026	$-0.54	$-0.49	-9.2%
31 de Dezembro de 2025		$-0.42	$-0.62	32.5%
30 de Setembro de 2025		$-0.59	$-0.55	-7.1%
30 de Junho de 2025		$-0.41	$-0.41	-0.49%
31 de Março de 2025		$-0.35	$-0.36	2.0%

Fundamentos Completos Todas as métricas por ano — demonstração de resultados, balanço patrimonial, fluxo de caixa

15

Demonstração de Resultados 16

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2M	$11M	$-3M	$500.0K	$16M	·	$165.0K	$428.0K	$0	$0	·	·
R&D Expense	$9M	$7M	$10M	$9M	$8M	$10M	$7M	$6M	$11M	$8M	$13M	$15M
SG&A Expense	$4M	$5M	$5M	$4M	$5M	$8M	$6M	$5M	$10M	$10M	$6M	$5M
Operating Expenses	$12M	$12M	$15M	$13M	$13M	$18M	$13M	$12M	$21M	$19M	$18M	$20M
Operating Income	$-10M	$-1M	$-18M	$-12M	$3M	$-18M	$-13M	$-11M	$-21M	$-19M	$-18M	$-20M
Interest Expense	·	·	·	$27.1K	$203.3K	$386.6K	$766.7K	·	·	·	·	·
Interest Income	$744.1K	$1M	$1M	$572.6K	$67.7K	$75.7K	$423.5K	·	·	·	·	·
Other Non-op	$744.1K	$1M	$2M	$1M	$-4M	$-3M	$-106.9K	$-333.5K	$235.8K	$216.1K	·	·
Pretax Income	$-10M	$9.0K	$-16M	$-11M	$-634.2K	$-21M	$-13M	$-12M	$-21M	$-19M	$-18M	$-20M
Income Tax	$200	$681	$755	$681	$200	$200	$200	$700	$700	$752	$200	$200
Net Income	$-10M	$8.4K	$-16M	$-11M	$-634.4K	$-21M	$-13M	$-12M	$-21M	$-19M	$-18M	$-20M
EPS (Basic)	$-1.77	·	$-3.10	$-2.06	$-0.01	$-0.38	$-0.50	$-0.55	$-1.05	$-1.04	$-1.11	$-1.60
EPS (Diluted)	$-1.69	·	$-3.14	$-2.15	$-0.01	$-0.38	$-0.50	$-0.55	$-1.05	$-1.04	$-1.11	$-1.60
Shares (Basic)	5,448,871	5,338,957	5,269,671	5,231,681	86,934,618	55,688,085	25,882,273	21,352,339	20,051,934	18,258,149	16,470,814	12,766,295
Shares (Diluted)	5,708,238	5,422,604	5,269,671	5,256,169	87,623,452	55,688,085	25,882,273	21,352,339	20,051,934	18,258,149	16,470,814	12,766,295
EBITDA	$-10M	$-1M	$-18M	$-12M	$3M	$-18M	$-13M	$-11M	·	$-19M	$-18M	·

Balanço Patrimonial 23

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$5M	$6M	$5M	$3M	$3M	$19M	$10M	$8M	$3M	$6M	$20M	$28M
Short-term Investments	·	·	·	·	·	·	·	$7M	$18M	$21M	$24M	$0
Prepaid Expense	$787.6K	$476.5K	$773.4K	$945.3K	$2M	$661.3K	$545.9K	$520.1K	$408.2K	$329.5K	$350.2K	$229.9K
Current Assets	$17M	$22M	$23M	$34M	$46M	$25M	$20M	$21M	$25M	$27M	$45M	$28M
PP&E (Net)	$104.3K	$165.1K	$116.1K	$131.6K	$7.2K	·	$3.6K	$19.0K	$75.1K	$103.4K	$75.8K	$73.8K
PP&E (Gross)	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M
Accum. Depreciation	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M
Other Non-current Assets	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$30.8K	$30.8K	$23.8K	$23.8K
Total Assets	$17M	$23M	$23M	$38M	$52M	$25M	$20M	$21M	$25M	$27M	$45M	$28M
Accounts Payable	$971.8K	$271.7K	$1M	$600.4K	$1M	$2M	$1M	$671.3K	$598.1K	$245.9K	$507.1K	$306.3K
Accrued Liabilities	$1M	$921.2K	$1M	$1M	$1M	$2M	$449.3K	$487.1K	$1M	$1M	$3M	$1M
Current Liabilities	$3M	$2M	$3M	$2M	$6M	$7M	$5M	$4M	$6M	$1M	$3M	$2M
Total Liabilities	$3M	$2M	$3M	$2M	$7M	$10M	$13M	$11M	$6M	$1M	$3M	$2M
Long-term Debt	·	·	·	·	$2M	$5M	$7M	$10M	·	·	·	·
Total Debt	·	·	·	·	·	$2M	$4M	$7M	·	·	·	·
Common Stock	$8.9K	$8.9K	$8.9K	$8.9K	$8.8K	$7.0K	$3.8K	$2.2K	$2.1K	$1.8K	$1.8K	$1.3K
Paid-in Capital	$224M	$221M	$220M	$219M	$218M	$187M	$157M	$148M	$145M	$131M	$129M	$95M
Retained Earnings	$-209M	$-200M	$-200M	$-183M	$-173M	$-172M	$-151M	$-138M	$-126M	$-105M	$-86M	$-68M
Treasury Stock	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K
AOCI	$4.4K	$9.1K	$7.3K	$-20.3K	$-18.0K	·	$-38	$-963	$-4.6K	$-8.5K	$-32.9K	$0
Stockholders' Equity	$14M	$21M	$20M	$36M	$46M	$15M	$6M	$9M	$19M	$26M	$42M	$26M
Liabilities + Equity	$17M	$23M	$23M	$38M	$52M	$25M	$20M	$21M	$25M	$27M	$45M	$28M
Shares Outstanding	6,158,443	5,347,940	5,315,830	5,234,830	88,290,650	70,036,257	37,649,465	21,731,486	21,264,539	18,456,615	18,244,746	12,794,672

Fluxo de Caixa 14

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$60.8K	$41.1K	$28.7K	$9.5K	$380	$3.6K	$15.4K	$18.6K	$28.4K	$32.0K	$26.7K	$14.6K
Stock-based Comp	$242.5K	$408.6K	$654.4K	$636.1K	$603.9K	$1M	$1M	$1M	$3M	$2M	$1M	$2M
Deferred Tax	·	·	·	·	·	·	$0	$0	$0	$0	$0	$0
Restructuring	·	·	·	·	·	·	·	$0	$0	$728.6K	$0	$0
Operating Cash Flow	$-10M	$-1M	$-12M	$-12M	$-4M	$-15M	$-12M	$-12M	$-17M	$-18M	$-15M	$-17M
CapEx	·	$90.1K	$13.2K	$133.8K	$7.6K	·	·	$0	$0	$59.6K	$28.7K	$59.6K
Investing Cash Flow	$6M	$2M	$13M	$14M	$-44M	$4M	$3M	$11M	$3M	$3M	$-25M	·
Stock Issued	$3M	$209.3K	$404.6K	$-21.7K	$27M	$6M	$6M	$652.3K	$11M	$0	$32M	$0
Net Stock Activity	$3M	$209.3K	$404.6K	·	$27M	$6M	$8M	$652.3K	·	$0	$32M	·
Financing Cash Flow	$3M	$209.3K	$404.6K	$-2M	$27M	$21M	$10M	$11M	$11M	$605.9K	$33M	·
Net Change in Cash	$-1M	$1M	$2M	$197.9K	$-21M	$9M	·	$10M	$-2M	$-14M	$-8M	$-18M
Taxes Paid	$200	$681	$225	$200	$200	$200	$200	$700	$700	$752	·	·
Free Cash Flow	·	$-1M	$-12M	$-12M	$-4M	·	·	$-12M	·	$-18M	$-15M	·
Levered FCF	·	·	·	$-12M	$-5M	·	·	·	·	·	·	·

Lucratividade 7

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	-524.7%	-10.3%	629.0%	-2423.9%	19.5%	·	-7818.8%	-2646.0%	·	·	·	·
Net Margin	-487.1%	0.07%	573.6%	-2151.7%	-3.9%	·	-7883.7%	-2724.1%	·	·	·	·
Pretax Margin	-487.0%	0.08%	573.6%	-2151.6%	-3.9%	·	-7883.6%	-2723.9%	·	·	·	·
EBITDA Margin	-524.7%	-10.3%	629.0%	-2423.9%	19.5%	·	-7818.8%	-2646.0%	·	·	·	·
ROA	-48.7%	0.04%	-54.0%	-23.9%	-1.6%	-93.2%	-64.2%	-50.5%	·	-52.2%	-49.6%	·
ROE	-60.9%	0.04%	-76.3%	-29.4%	-1.6%	-140.5%	-188.6%	-110.0%	·	-55.8%	-53.3%	·
ROIC	-71.6%	-5.1%	-88.0%	-34.0%	6.9%	-102.3%	-127.7%	-69.2%	·	-73.8%	-43.8%	·

Liquidez e Solvência 5

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	6.7	14.8	8.7	20.3	8.3	3.8	4.0	4.6	·	20.5	13.2	·
Quick Ratio	2.1	4.1	1.8	1.9	0.5	2.9	2.0	3.4	·	20.2	13.1	·
Debt / Equity	·	·	·	·	·	0.1	0.6	0.7	·	·	·	·
LT Debt / Equity	·	·	·	·	·	0.1	0.6	0.7	·	·	·	·
Interest Coverage	·	·	·	-447.2	15.5	-46.5	·	·	·	·	·	·

Eficiência 1

Métrica	Tendência	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.1	0.5	-0.1	0.0	0.4	0.0	0.0	0.0	·	·	·	·

Por Ação 5

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$2.35	$3.93	$3.83	$0.40	$0.52	$0.22	$0.17	$0.43	·	$1.41	$2.30	·
Revenue / Share	$0.35	$2.07	$-0.54	$0.01	$0.19	$0.00	$0.01	$0.02	·	·	·	·
Cash Flow / Share	$-1.71	$-0.23	$-2.25	$-0.13	$-0.05	$-0.27	$-0.45	$-0.57	·	$-1.00	$-0.93	·
Cash / Share	$0.85	$1.16	$0.90	$0.04	$0.03	$0.27	$0.26	$0.37	·	$0.30	$1.10	·
EPS (TTM)	$-1.69	$-1.61	$-3.14	$-2.15	$-0.01	$-0.38	$-0.50	$-0.55	$-1.05	$-1.04	$-1.11	$-1.60

Taxas de Crescimento 2

Métrica	Tendência	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY		-82.3%	·	·	-96.9%	·	·	·	·	·	·	·	·
Revenue CAGR 3Y		58.1%	-11.5%	·	·	·	·	·	·	·	·	·	·

Avaliação (TTM) 14

Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$2M	$11M	$-3M	$500.0K	$16M	$165.0K	$165.0K	$428.0K	$0	$0	·	·
Net Income TTM	$-10M	$8.4K	$-16M	$-11M	$-634.4K	$-21M	$-13M	$-12M	$-21M	$-19M	$-18M	$-20M
Market Cap	$49M	$26M	$15M	$599M	$1.49B	$1.62B	$246M	$480M	·	$1.15B	$4.01B	·
Enterprise Value	·	·	·	·	·	$1.60B	$241M	$472M	·	·	·	·
P/E	-4.8	-3.0	-0.9	-3.1	-1684.7	-60.8	-13.1	-40.2	-55.7	-60.2	-198.0	-55.9
P/S	25.0	2.3	-5.2	1197.7	92.2	9814.2	1493.5	1122.0	·	·	·	·
P/B	3.4	1.2	0.7	16.8	32.6	105.5	39.2	50.9	·	44.4	95.5	·
P / Tangible Book	3.4	1.2	0.7	16.8	32.6	105.5	·	·	·	·	·	·
P / Cash Flow	-5.1	-21.4	-1.2	-50.0	-337.2	-105.8	-21.1	-39.8	·	-63.2	-261.2	·
P / FCF	·	-19.9	-1.2	-49.5	-336.6	·	·	-39.8	·	-63.0	-260.7	·
EV / EBITDA	·	·	·	·	·	-89.0	-18.6	-41.7	·	·	·	·
EV / FCF	·	·	·	·	·	·	·	-39.1	·	·	·	·
EV / Revenue	·	·	·	·	·	9711.4	1457.7	1102.6	·	·	·	·
Earnings Yield	-21.1%	-33.0%	-112.5%	-31.8%	-0.06%	-1.6%	-7.6%	-2.5%	-1.8%	-1.7%	-0.50%	-1.8%

Demonstração de Resultados 16

Métrica	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	$190.1K	$119.4K	$1M	$114.6K	$622.8K	$93.9K	$3M	·	$89.6K	$8M	$216.2K	$-3M	·	$55.0K	$0	·
R&D Expense	$2M	$3M	$3M	$3M	$2M	$1M	$1M	$2M	$2M	$3M	$2M	$3M	$3M	$3M	$2M	$2M
SG&A Expense	$991.0K	$1M	$983.4K	$767.8K	$890.4K	$1M	$873.1K	$1M	$2M	$2M	$1M	$1M	$1M	$1M	$890.3K	$798.9K
Operating Expenses	$3M	$4M	$4M	$3M	$3M	$2M	$2M	$3M	$3M	$4M	$3M	$4M	$4M	$4M	$3M	$3M
Operating Income	$-3M	$-4M	$-3M	$-3M	$-2M	$-2M	$2M	$-3M	$-3M	$3M	$-3M	$-7M	$-4M	$-4M	$-3M	$-3M
Interest Expense	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0	·
Interest Income	$219.9K	$177.6K	$145.7K	$174.2K	$198.6K	$225.5K	$233.1K	$273.6K	$308.8K	$331.4K	$299.4K	$317.6K	$379.5K	$370.5K	$297.2K	$164.0K
Other Non-op	$219.9K	$177.6K	$145.7K	$174.2K	$198.6K	$225.5K	$236.7K	$411.7K	$224.4K	$291.3K	$311.7K	$392.4K	$407.0K	$468.6K	$331.4K	$490.2K
Pretax Income	$-3M	$-4M	$-2M	$-3M	$-2M	$-2M	$2M	$-2M	$-3M	$4M	$-2M	$-7M	$-4M	$-4M	$-2M	$-2M
Income Tax	$200	·	$0	·	·	$200	$0	·	$481	$200	$555	·	·	$200	$481	·
Net Income	$-3M	$-4M	$-2M	$-3M	$-2M	$-2M	$2M	$-2M	$-3M	$4M	$-2M	$-7M	$-4M	$-4M	$-2M	$-2M
EPS (Basic)	$-0.32	$-0.54	$-0.42	$-0.59	$-0.41	$-0.35	·	$-0.41	$-0.57	$0.66	$-0.42	$-1.26	$-0.68	$-0.74	$-1.06	$-0.46
EPS (Diluted)	$-0.32	$-0.54	$-0.34	$-0.59	$-0.41	$-0.35	·	$-0.44	$-0.56	$0.66	$-0.43	$-1.27	$-0.68	$-0.76	$-0.98	$-0.52
Shares (Basic)	8,216,988	6,795,002	·	5,413,149	5,351,957	5,348,557	·	5,347,940	5,343,922	5,315,830	·	5,292,058	5,234,830	5,234,830	·	5,234,576
Shares (Diluted)	8,216,988	6,795,002	·	5,413,149	5,351,957	5,348,557	·	5,347,940	5,343,922	5,357,530	·	5,292,058	5,234,830	5,234,830	·	5,250,179
EBITDA	$-3M	$-4M	·	$-3M	$-2M	$-2M	·	$-3M	$-3M	$3M	·	$-7M	$-4M	$-4M	·	$-3M

Balanço Patrimonial 20

Métrica	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	$5M	$5M	$5M	$4M	$6M	$3M	$6M	$4M	$6M	$3M	$5M	$4M	$5M	$5M	$3M	$2M
Prepaid Expense	$179.0K	$285.1K	$787.6K	$683.8K	$362.6K	$428.8K	$476.5K	$588.8K	$297.1K	$583.1K	$773.4K	$594.1K	$690.9K	$1M	$945.3K	$1M
Current Assets	$24M	$25M	$17M	$16M	$18M	$20M	$22M	$21M	$23M	$25M	$23M	$25M	$27M	$31M	$34M	$36M
PP&E (Net)	$74.8K	$89.5K	$104.3K	$119.3K	$133.4K	$149.5K	$165.1K	$170.6K	$99.1K	$107.6K	$116.1K	$114.9K	$122.7K	$130.8K	$131.6K	$37.4K
PP&E (Gross)	·	·	$1M	·	·	·	$1M	·	·	·	$1M	·	·	·	$1M	·
Accum. Depreciation	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M
Other Non-current Assets	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K	$23.8K
Total Assets	$24M	$25M	$17M	$16M	$19M	$20M	$23M	$21M	$23M	$25M	$23M	$25M	$30M	$34M	$38M	$39M
Accounts Payable	$680.5K	$2M	$971.8K	$861.5K	$443.0K	$360.2K	$271.7K	$285.3K	$448.8K	$671.4K	$1M	$1M	$517.6K	$796.5K	$600.4K	$630.5K
Accrued Liabilities	$1M	$645.1K	$1M	$749.7K	$685.8K	$619.4K	$921.2K	$1M	$1M	$761.5K	$1M	$1M	$1M	$1M	$1M	$880.9K
Current Liabilities	$2M	$3M	$3M	$2M	$1M	$1M	$2M	$2M	$2M	$1M	$3M	$2M	$2M	$2M	$2M	$2M
Total Liabilities	$2M	$3M	$3M	$2M	$1M	$1M	$2M	$2M	$2M	$1M	$3M	$2M	$2M	$2M	$2M	$2M
Common Stock	$9.2K	$9.1K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K	$8.9K
Paid-in Capital	$238M	$236M	$224M	$221M	$221M	$221M	$221M	$221M	$221M	$220M	$220M	$220M	$219M	$219M	$219M	$219M
Retained Earnings	$-216M	$-213M	$-209M	$-207M	$-204M	$-202M	$-200M	$-202M	$-199M	$-196M	$-200M	$-197M	$-191M	$-187M	$-183M	$-181M
Treasury Stock	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K	$40.7K
AOCI	$-13.4K	$-7.2K	$4.4K	$4.6K	$-1.2K	$5.5K	$9.1K	$9.9K	$-9.7K	$-10.6K	$7.3K	$-14.5K	$-15.8K	$3.2K	$-20.3K	$-76.9K
Stockholders' Equity	$22M	$23M	$14M	$14M	$17M	$19M	$21M	$19M	$21M	$24M	$20M	$22M	$29M	$32M	$36M	$38M
Liabilities + Equity	$24M	$25M	$17M	$16M	$19M	$20M	$23M	$21M	$23M	$25M	$23M	$25M	$30M	$34M	$38M	$39M
Shares Outstanding	8,244,253	7,475,115	6,158,443	5,420,256	5,374,095	5,350,356	5,347,940	5,347,940	5,347,940	5,315,830	5,315,830	5,315,830	5,234,830	88,510,791	5,234,830	88,510,791

Fluxo de Caixa 12

Métrica	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
D&A	$14.6K	$14.8K	$15.0K	$14.1K	$16.1K	$15.6K	$15.6K	$8.5K	$8.5K	$8.5K	$8.0K	$7.7K	$8.1K	$4.8K	$2.6K	$2.6K
Stock-based Comp	$58.1K	$65.4K	$53.2K	$53.3K	$65.2K	$71.0K	$99.4K	$107.9K	$102.0K	$99.3K	$153.7K	$158.0K	$165.0K	$177.8K	$165.1K	$160.0K
Operating Cash Flow	$-3M	$-2M	$-3M	$-3M	$-2M	$-2M	$2M	$-3M	$-2M	$2M	$-2M	$-3M	$-3M	$-4M	$-2M	$-3M
CapEx	·	·	·	·	·	·	$10.0K	·	·	·	$9.2K	$0	$0	$4.0K	$96.7K	$0
Investing Cash Flow	$1M	$-10M	$2M	$701.4K	$4M	$-882.1K	$761.1K	$1M	$5M	$-4M	$3M	$1M	$4M	$6M	$3M	$613.9K
Stock Issued	$2M	$12M	$3M	$141.3K	·	·	$0	$0	·	·	$-5.3K	$421.1K	·	·	$-5.9K	·
Stock Repurchased	·	·	·	·	·	·	·	·	·	$8.1K	·	·	·	·	·	·
Net Stock Activity	·	$12M	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$2M	$12M	$3M	$141.3K	·	·	$0	$0	$217.4K	$-8.1K	$-5.3K	$421.1K	$-5.2K	$-6.0K	$-5.9K	$44
Net Change in Cash	$-36.2K	$-190.2K	$1M	$-2M	$3M	$-3M	$2M	$-2M	$2M	$-2M	$699.1K	$-942.0K	$245.5K	$2M	$751.5K	$-3M
Taxes Paid	·	·	$0	$0	·	·	$0	$0	·	·	$-431	$0	$200	$456	$0	$0
Free Cash Flow	·	·	·	·	·	·	·	·	·	·	·	·	·	$-4M	·	·

Lucratividade 7

Métrica	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	-1495.1%	-3224.1%	·	-2933.5%	-386.0%	-2226.8%	·	·	-3676.2%	42.3%	·	225.6%	·	-7889.9%	·	·
Net Margin	-1379.6%	-3075.4%	·	-2781.5%	-354.1%	-1986.8%	·	·	-3426.1%	46.1%	·	213.0%	·	-7038.1%	·	·
Pretax Margin	-1379.5%	-3075.4%	·	-2781.5%	-354.1%	-1986.6%	·	·	-3425.6%	46.1%	·	213.0%	·	-7037.7%	·	·
EBITDA Margin	-1495.1%	-3224.1%	·	-2933.5%	-386.0%	-2226.8%	·	·	-3676.2%	42.3%	·	225.6%	·	-7889.9%	·	·
ROA	-12.4%	-16.0%	·	-17.3%	-10.6%	-8.1%	·	-9.8%	-11.5%	11.8%	·	-20.7%	-9.8%	-9.5%	·	-6.0%
ROE	-13.5%	-17.5%	·	-19.2%	-11.5%	-8.6%	·	-10.7%	-12.3%	12.6%	·	-22.1%	-10.4%	-10.4%	·	-6.8%
ROIC	-13.1%	·	·	·	·	-10.9%	·	·	-15.5%	13.5%	·	·	·	-13.6%	·	·

Liquidez e Solvência 2

Métrica	Tendência	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		11.5	10.0	·	8.2	12.7	15.6	·	13.0	12.6	17.0	·	11.0	14.8	15.9	·	23.9
Quick Ratio		2.4	2.0	·	2.0	4.2	2.6	·	2.4	3.0	2.1	·	1.8	2.7	2.5	·	1.6

Eficiência 1

Métrica	Tendência	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	0.0	·	0.0	0.0	0.0	·	·	0.0	0.3	·	-0.1	·	0.0	·	·

Por Ação 5

Métrica	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	$2.64	$3.05	·	$2.61	$3.19	$3.59	·	$3.57	$3.97	$4.51	·	$4.23	$5.45	$0.36	·	$0.43
Revenue / Share	$0.02	$0.02	·	$0.02	$0.12	$0.02	·	·	$0.02	$1.42	·	$-0.59	·	$0.00	·	·
Cash Flow / Share	·	$-0.33	·	·	·	$-0.37	·	·	·	$0.45	·	·	·	$-0.04	·	·
Cash / Share	$0.60	$0.67	·	$0.72	$1.12	$0.63	·	$0.70	$1.04	$0.58	·	$0.77	$0.96	$0.05	·	$0.03
EPS (TTM)	$-1.79	$-1.88	·	·	·	·	·	$-0.77	$-1.60	$-1.72	·	$-3.69	$-2.94	$-2.87	·	$-1.02

Avaliação (TTM) 9

Métrica	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	$2M	$2M	·	$4M	·	·	·	$5M	$5M	·	·	·	·	·	·	·
Net Income TTM	$-12M	$-11M	·	$-5M	$-5M	$-5M	·	$-4M	$-8M	$-9M	·	$-16M	$-12M	$-11M	·	$4M
Market Cap	$21M	$60M	·	$15M	$17M	$17M	·	$24M	$44M	$28M	·	$16M	$26M	$478M	·	$677M
P/E	-1.4	-4.2	·	·	·	·	·	-5.8	-5.2	-3.0	·	-0.8	-1.7	-1.9	·	-7.5
P/S	13.4	29.8	·	3.6	·	·	·	5.0	9.2	·	·	·	·	·	·	·
P/B	1.0	2.6	·	1.1	1.0	0.9	·	1.3	2.1	1.2	·	0.7	0.9	15.0	·	18.0
P / Tangible Book	1.0	2.6	·	1.1	1.0	0.9	·	1.3	2.1	1.2	·	0.7	0.9	15.0	·	18.0
P / Cash Flow	·	-26.5	·	·	·	-8.6	·	·	·	11.5	·	·	·	-121.8	·	·
Earnings Yield	-69.9%	-23.5%	·	·	·	·	·	-17.2%	-19.4%	-33.1%	·	-123.8%	-58.3%	-53.1%	·	-13.3%

Período mais recente à esquerda · valores nulos mostrados como ·

Demonstrações Financeiras Demonstração de resultados, balanço patrimonial, fluxo de caixa — anual, últimos 5 anos

16

Métrica	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Receita	$2M	$11M	$-3M	$500.0K	$16M
Margem Operacional %	-524.7%	-10.3%	629.0%	-2423.9%	19.5%
Lucro líquido	$-10M	$8.4K	$-16M	$-11M	$-634.4K
EPS Diluído	$-1.69	·	$-3.14	$-2.15	$-0.01

Métrica	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Índice de liquidez corrente	6.7	14.8	8.7	20.3	8.3
Índice de Liquidez Seca	2.1	4.1	1.8	1.9	0.5

Métrica	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Fluxo de caixa livre	·	$-1M	$-12M	$-12M	$-4M

Investidores institucionais (13F) 37 declarantes · $8.8M total · Em 30 de Junho de 2026

17

Instituições que relatam a posse desta ação em seu Formulário 13F trimestral da SEC. Apenas posições compradas; um único declarante pode aparecer duas vezes para opções separadas. Grandes posições de compra/venda compensatórias geralmente refletem market-making ou inventário protegido, não convicção direcional.

Detentores 37

Valor detido $8.8M

Novas posições 4

Posições encerradas 14

Atividade institucional — Q2 2026 vs trimestre anterior

Novas posições	Posições encerradas	Aumentou	Diminuído	Variação líquida de ações
4 (-20 vs trimestre anterior)	14 (+11 vs trimestre anterior)	14 (+5 vs trimestre anterior)	3 (-6 vs trimestre anterior)	-127K

Comparado a Q1 2026. Os registros do Formulário 13F da SEC devem ser feitos em até 45 dias após o final do trimestre, mais um pequeno período de tolerância para registrantes atrasados — trimestres ainda dentro desse período são ignorados em favor do par mais recente totalmente reportado.

Instituição	Valor	Ações	% de 13F rastreado	Tipo
Squadron Capital Management LLC	$2.073.600	810.000	23,50%	Ações
VANGUARD GROUP INC	$1.781.592	221.867	20,19%	Ações
Ikarian Capital, LLC	$1.301.902	508.556	14,76%	Ações
Eversept Partners, LP	$755.172	294.989	8,56%	Ações
VANGUARD CAPITAL MANAGEMENT LLC	$590.907	230.823	6,70%	Ações
BOOTHBAY FUND MANAGEMENT, LLC	$359.647	140.487	4,08%	Ações
JANE STREET GROUP, LLC	$243.781	95.227	2,76%	Ações
BlackRock, Inc.	$228.536	89.272	2,59%	Ações
TWO SIGMA INVESTMENTS, LP	$217.311	84.887	2,46%	Ações
CITADEL ADVISORS LLC	$207.926	81.221	2,36%	Ações
Seven Fleet Capital Management LP	$201.836	78.842	2,29%	Ações
GEODE CAPITAL MANAGEMENT, LLC	$190.761	74.477	2,16%	Ações
RENAISSANCE TECHNOLOGIES LLC	$177.175	69.209	2,01%	Ações
VANGUARD FIDUCIARY TRUST CO	$139.620	54.539	1,58%	Ações
DIMENSIONAL FUND ADVISORS LP	$94.144	36.775	1,07%	Ações
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$64.963	25.376	0,74%	Ações
STATE STREET CORP	$57.362	22.407	0,65%	Ações
Birchview Capital, LP	$42.783	16.712	0,48%	Ações
NORTHERN TRUST CORP	$40.812	15.942	0,46%	Ações
BARCLAYS PLC	$25.157	9.827	0,29%	Ações
UBS Group AG	$9.206	3.596	0,10%	Ações
WELLS FARGO & COMPANY/MN	$6.927	2.706	0,08%	Ações
Vanguard Global Advisers, LLC	$4.329	1.691	0,05%	Ações
Tower Research Capital LLC (TRC)	$1.736	678	0,02%	Ações
MORGAN STANLEY	$1.469	574	0,02%	Ações
CALDWELL SUTTER CAPITAL, INC.	$1.206	471	0,01%	Ações
OSAIC HOLDINGS, INC.	$609	238	0,01%	Ações
ACADIAN ASSET MANAGEMENT LLC	$435	170.417	0,00%	Ações
GROUP ONE TRADING LLC	$338	132	0,00%	Ações
PlanVest Financial, Inc	$284	111	0,00%	Ações
SBI Securities Co., Ltd.	$172	67	0,00%	Ações
Tidemark, LLC	$151	59	0,00%	Ações
HRT FINANCIAL LP	$74	29.238	0,00%	Ações
GSA CAPITAL PARTNERS LLP	$48	18.666	0,00%	Ações
PRICE T ROWE ASSOCIATES INC /MD/	$32	12.266	0,00%	Ações
Bogart Wealth, LLC	$8	3	0,00%	Ações
Farther Finance Advisors, LLC	$3	1	0,00%	Ações

Executivos da empresa 16 insiders · 9 diretores · 8 conselheiros

19

Investidor com informação privilegiada	Função	Última atividade	Ações detidas	Compras 12m	Líquido 12m
Mahesh V. Patel	Chief Executive Officer	29 de Junho de 2026 A	160.679	2	$101.250
Morgan R Brown	Chief Financial Officer	7 de Dezembro de 2021 A	194.504	0	$0
Krista Fogarty	Principal Accounting Officer	18 de Dezembro de 2025 A	1.727	0	$0
George Nomikos	Chief Medical Officer	1 de Novembro de 2022 A	·	0	$0
Gregory Brooks Bass	Chief Commercial Officer	29 de Dezembro de 2017 M	5.625	0	$0
Jyrki Mattila	Chief Business Officer	26 de Janeiro de 2017 A	·	0	$0
Srinivasan Venkateshwaran	VP RandD	14 de Agosto de 2014 A	·	0	$0
Gerald T Simmons	Chief Business Officer	14 de Agosto de 2014 A	·	0	$0
Robert K. Merrell	VP Finance	10 de Dezembro de 2013 A	·	0	$0
John W. Higuchi	Conselheiro	30 de Setembro de 2026 P	241.365	5	$415.525
Michael Grissinger	Conselheiro	3 de Agosto de 2026 A	·	0	$0
Jill M. Jene	Conselheiro	3 de Junho de 2026 A	·	0	$0
Richard Dana Ono	Conselheiro	3 de Junho de 2026 A	14.125	0	$0
Spyros Papapetropoulos	Conselheiro	4 de Junho de 2025 A	21.739	0	$0
Jeffrey Arvin Fink	Conselheiro	4 de Junho de 2025 A	6.562	0	$0
Stephen A Hill	Conselheiro	16 de Dezembro de 2020 M	12.750	0	$0

Executivos de declarações SEC Formulário 3/4/5; líquido = apenas P/V de mercado aberto

Participação em ETFs Detido por 5 ETFs

20

O peso reflete apenas participações diretas em ações (N-PORT); fundos alavancados ou baseados em derivativos podem deter exposição adicional a swaps não mostrada.

Fundo	Peso	Unidades	Em	Fonte
DCOR · Dimensional ETF Trust	0,00%	5.116 NS	31 de Julho de 2026	N-PORT
DFAS · Dimensional ETF Trust	0,00%	6.038 NS	31 de Julho de 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0,00%	88.050 SH	19 de Agosto de 2026	Diário
VTI · VANGUARD INDEX FUNDS	0,00%	142.773 SH	19 de Agosto de 2026	Diário
DFAC · Dimensional ETF Trust	0,00%	4.760 NS	31 de Julho de 2026	N-PORT

LPCN Consenso dos analistas Opiniões de analistas otimistas e pessimistas, preço-alvo de 12 meses, potencial de alta

21

classificação · 8 analistas COMPRA

Alvo mediano $5.00 +143,9%

2 25,0% Compra forte

4 50,0% Compra

2 25,0% Manter

0 0,0% Venda

0 0,0% Venda forte

Preço-alvo de 12 meses

2 analistas · 2026-09-27

Alvo médio $5.00 +143,9%

← Abaixo de todos os alvos Preço atual $2.05

Mín$4.00 Média$5.00 Máx$6.00

Comparação de pares (subindústria GICS) Métricas chave vs pares do setor

22

Base do ano fiscal, preços no fechamento do último ano fiscal de cada empresa.

Ticker	Capitalização de Mercado	P/E	Receita YoY	Margem Líquida	ROE	Margem Bruta
LPCN	$49M	-4.8	-82.3%	-487.1%	-60.9%	·
RKTO	·	·	·	·	·	·
DARE	$28M	-1.6	10429.4%	-1300.7%	270.9%	·
TVRD	$40M	-1.3	-66.0%	·	-67.6%	·
BFRI	·	·	·	·	·	·
CTXR	·	-0.4	·	·	·	·
HIND	$20M	-0.7	24.4%	-3209.7%	-411.1%	68.4%
LLY	·	46.8	44.7%	31.7%	101.2%	·

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LPCN Lipocine Inc. - Common Stock