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Lipocine Inc is a clinical-stage biopharmaceutical company, that is engaged in research and development for the delivery of drugs using its proprietary delivery technology. Its principal operation is to provide oral delivery solutions for existing drugs. Lipocine develops its drug candidates or it develops drug candidates on behalf of or in collaboration with corporate partners. The company's product TLANDO is an oral testosterone replacement therapy ("TRT"). It also has other products in the pipeline such as LPCN 1144, TLANDO, TLANDO XR, LPCN 1148, LPCN 1107, LPCN 1154, and LIP’RAL7 Technology. The Company has a single reportable segment, research, and development for the delivery of drugs using its proprietary delivery technology.
1997
16
LTM Revenue $8.4M
LTM EBITDA n/a
-$4.9M
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Lipocine has a last 12-month revenue of $8.4M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Lipocine achieved revenue of $11.2M and an EBITDA of -$1.1M.
Lipocine expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lipocine valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | -$2.9M | $11.2M | XXX | XXX | XXX |
| Gross Profit | -$8.1M | -$13.0M | XXX | XXX | XXX |
| Gross Margin | 283% | -116% | XXX | XXX | XXX |
| EBITDA | -$16.3M | -$1.1M | XXX | XXX | XXX |
| EBITDA Margin | 573% | -10% | XXX | XXX | XXX |
| Net Profit | -$10.8M | -$16.4M | XXX | XXX | XXX |
| Net Margin | 377% | -146% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Lipocine's stock price is $3.
Lipocine has current market cap of $16.7M, and EV of -$4.9M.
See Lipocine trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$4.9M | $16.7M | XXX | XXX | XXX | XXX | $-0.53 |
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Sign UpAs of April 15, 2025, Lipocine has market cap of $16.7M and EV of -$4.9M.
Lipocine's trades at -0.6x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Lipocine's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Lipocine and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | -$4.9M | XXX | XXX | XXX |
| EV/Revenue | -0.4x | XXX | XXX | XXX |
| EV/EBITDA | 4.4x | XXX | XXX | XXX |
| P/E | 1998.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 3.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpLipocine's NTM/LTM revenue growth is -84%
Lipocine's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Lipocine's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Lipocine's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Lipocine and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -493% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -10% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -93% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -94% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 45% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 45% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Julphar | XXX | XXX | XXX | XXX | XXX | XXX |
| Benevolent AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Galapagos | XXX | XXX | XXX | XXX | XXX | XXX |
| Pharming | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivoryon Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lipocine acquired XXX companies to date.
Last acquisition by Lipocine was XXXXXXXX, XXXXX XXXXX XXXXXX . Lipocine acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Lipocine founded? | Lipocine was founded in 1997. |
| Where is Lipocine headquartered? | Lipocine is headquartered in United States of America. |
| How many employees does Lipocine have? | As of today, Lipocine has 16 employees. |
| Who is the CEO of Lipocine? | Lipocine's CEO is Mr. Mahesh V. Patel, PhD. |
| Is Lipocine publicy listed? | Yes, Lipocine is a public company listed on NAS. |
| What is the stock symbol of Lipocine? | Lipocine trades under LPCN ticker. |
| When did Lipocine go public? | Lipocine went public in 2012. |
| Who are competitors of Lipocine? | Similar companies to Lipocine include e.g. Julphar, Benevolent AI, Galapagos, Pharming. |
| What is the current market cap of Lipocine? | Lipocine's current market cap is $16.7M |
| What is the current revenue of Lipocine? | Lipocine's last 12-month revenue is $8.4M. |
| What is the current EV/Revenue multiple of Lipocine? | Current revenue multiple of Lipocine is -0.6x. |
| What is the current revenue growth of Lipocine? | Lipocine revenue growth between 2023 and 2024 was -493%. |
| Is Lipocine profitable? | Yes, Lipocine is EBITDA-positive (as of the last 12 months). |
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