Microcap Ledger

Tickers · $LPCN

Lipocine Inc. $LPCN

By Microcap Ledger desk · CIK 0001535955

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Pharmaceutical Preparations
Headquarters
Salt Lake City, United States
Fiscal year end
December 31
Shares outstanding
8,244,253 [10-Q 2026-08-04]
as of 2026-08-03

Sources: [10-K 2026-03-10]

What the company doesAI summary of filing

Lipocine Inc. is a biopharmaceutical company developing oral drug delivery solutions for difficult-to-deliver molecules. The company has licensed its FDA-approved product TLANDO (testosterone undecanoate for testosterone replacement therapy) to multiple partners including Verity Pharmaceuticals for the U.S. and Canada, SPC Korea for South Korea, Pharmalink for Gulf Cooperation Council countries, and Aché for Brazil, and receives milestone payments, royalties, and supply revenues from these agreements. The company is clinical-stage for its pipeline of candidates targeting central nervous system disorders (LPCN 1154 for postpartum depression, LPCN 2201 for major depressive disorder, LPCN 2101 for epilepsy, LPCN 2203 for essential tremor), liver disease (LPCN 1148), obesity management (LPCN 2401), and preterm birth prevention (LPCN 1107), and is exploring partnerships for further development of these candidates. [10-K 2026-03-10]

Segments: TLANDO (testosterone replacement therapy), LPCN 1154 (postpartum depression), LPCN 2201 (major depressive disorder), LPCN 2101 (epilepsy)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$309.5K−$6.29M −$5.29M$4.98M[10-Q 2026-08-04]
FY ended Dec 2025$1.98M−$9.63M −$9.76M$5.21M[10-K 2026-03-10]
FY ended Dec 2024$11.20M$10.0K −$1.22M$6.21M[10-K 2026-03-10]
Quarterly cash burn
−$2.64M
Cash runway Estimate
~5.7 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-065,347,940[10-Q 2024-11-07]
2025-03-115,350,356[10-K 2025-03-13]
2025-05-075,350,356[10-Q 2025-05-08]
2025-08-045,419,047[10-Q 2025-08-05]
2025-11-055,551,931[10-Q 2025-11-06]
2026-03-097,299,687[10-K 2026-03-10]
2026-05-068,244,253[10-Q 2026-05-07]
2026-08-038,244,253[10-Q 2026-08-04]
Shelf registration
S-3 filed 2023-11-22; declared effective 2024-04-25 [S-3 2023-11-22]

Listing status

Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-09-30Higuchi John W.buy15,970$2.23[4 2026-10-01]
2026-09-29Higuchi John W.buy9,037$2.15[4 2026-10-01]
2026-09-28Higuchi John W.buy12,561$2.16[4 2026-09-30]
2026-04-07Higuchi John W.buy40,000$2.03[4 2026-04-07]

Catalysts and calendar

Recent filings and releases
DateTypeTitle
2026-10-078-KOther events
2026-09-168-KOther events
2026-09-148-KOther events
2026-09-118-KOther events
2026-09-108-KOther events
2026-08-218-KDirector or officer change
2026-08-1413G/ABeneficial ownership report (5%+ holder)
2026-08-048-KResults of operations
2026-08-0410-QQuarterly report
2026-08-038-KDirector or officer change; Regulation FD disclosure
2026-06-128-KOther events
2026-06-048-KDirector or officer change; Shareholder vote results

Facts as of . Small caps move fast; check the latest filings.