Lipocine Inc
NASDAQ:LPCN
Income Statement
Earnings Waterfall
Lipocine Inc
Income Statement
Lipocine Inc
| Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
16
+32 180%
|
16
N/A
|
17
+3%
|
17
0%
|
1
-97%
|
1
+10%
|
0
-91%
|
(3)
N/A
|
(3)
+7%
|
5
N/A
|
5
+2%
|
8
+65%
|
11
+41%
|
4
-67%
|
4
+15%
|
4
+3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(3)
|
(5)
|
(9)
|
(13)
|
(19)
|
(20)
|
(20)
|
(18)
|
(15)
|
(18)
|
(18)
|
(22)
|
(24)
|
(20)
|
(18)
|
(17)
|
(17)
|
(19)
|
(21)
|
(19)
|
(16)
|
(14)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(15)
|
(15)
|
(17)
|
(18)
|
(16)
|
(15)
|
(14)
|
(13)
|
(17)
|
(14)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(13)
|
(12)
|
(10)
|
(10)
|
(11)
|
|
| Selling, General & Administrative |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(9)
|
(11)
|
(11)
|
(10)
|
(8)
|
(7)
|
(8)
|
(10)
|
(10)
|
(10)
|
(8)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(3)
|
(5)
|
(8)
|
(13)
|
(15)
|
(15)
|
(14)
|
(11)
|
(13)
|
(13)
|
(13)
|
(13)
|
(10)
|
(8)
|
(8)
|
(10)
|
(11)
|
(11)
|
(9)
|
(7)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(6)
|
(6)
|
(7)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(0)
N/A
|
(0)
N/A
|
(0)
-600%
|
(0)
-14%
|
(0)
N/A
|
(1)
-1 675%
|
(3)
-77%
|
(5)
-110%
|
(9)
-66%
|
(13)
-45%
|
(19)
-46%
|
(20)
-7%
|
(20)
-3%
|
(18)
+11%
|
(15)
+15%
|
(18)
-15%
|
(18)
-4%
|
(22)
-22%
|
(24)
-7%
|
(20)
+15%
|
(18)
+10%
|
(17)
+8%
|
(17)
-2%
|
(19)
-7%
|
(21)
-15%
|
(19)
+11%
|
(16)
+16%
|
(14)
+15%
|
(11)
+16%
|
(12)
-4%
|
(12)
-2%
|
(13)
-5%
|
(13)
-2%
|
(14)
-11%
|
(15)
-6%
|
(17)
-9%
|
(18)
-8%
|
(16)
+10%
|
(15)
+6%
|
(14)
+6%
|
3
N/A
|
(1)
N/A
|
3
N/A
|
3
+24%
|
(12)
N/A
|
(13)
-8%
|
(14)
-5%
|
(18)
-30%
|
(18)
0%
|
(10)
+42%
|
(10)
+6%
|
(5)
+45%
|
(1)
+78%
|
(6)
-460%
|
(6)
+14%
|
(6)
-13%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
0
|
1
|
0
|
0
|
1
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(0)
N/A
|
(0)
N/A
|
(0)
-600%
|
(0)
-14%
|
(0)
N/A
|
(1)
-1 675%
|
(3)
-92%
|
(6)
-129%
|
(11)
-70%
|
(15)
-37%
|
(20)
-38%
|
(21)
-3%
|
(20)
+2%
|
(18)
+11%
|
(15)
+15%
|
(18)
-15%
|
(18)
-3%
|
(22)
-22%
|
(24)
-7%
|
(21)
+13%
|
(19)
+8%
|
(17)
+11%
|
(17)
-2%
|
(19)
-9%
|
(21)
-13%
|
(19)
+10%
|
(16)
+15%
|
(14)
+14%
|
(12)
+15%
|
(12)
-4%
|
(12)
-1%
|
(13)
-5%
|
(13)
-1%
|
(16)
-20%
|
(18)
-19%
|
(20)
-7%
|
(21)
-6%
|
(19)
+11%
|
(19)
-2%
|
(18)
+6%
|
(1)
+96%
|
(1)
-21%
|
3
N/A
|
4
+20%
|
(11)
N/A
|
(11)
-4%
|
(12)
-8%
|
(16)
-35%
|
(16)
0%
|
(9)
+45%
|
(8)
+5%
|
(4)
+52%
|
0
N/A
|
(5)
N/A
|
(5)
+16%
|
(5)
-21%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
13
|
13
|
13
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
| Income from Continuing Operations |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(3)
|
(6)
|
(11)
|
(15)
|
(20)
|
(21)
|
(20)
|
(18)
|
(15)
|
(18)
|
(18)
|
(22)
|
(24)
|
(21)
|
(19)
|
(17)
|
(17)
|
(19)
|
(8)
|
(6)
|
(3)
|
(1)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(16)
|
(18)
|
(20)
|
(21)
|
(19)
|
(19)
|
(18)
|
(1)
|
(1)
|
3
|
4
|
(11)
|
(11)
|
(12)
|
(16)
|
(16)
|
(9)
|
(8)
|
(4)
|
0
|
(5)
|
(5)
|
(5)
|
|
| Net Income (Common) |
(0)
N/A
|
(0)
N/A
|
(0)
-600%
|
(0)
-14%
|
(0)
N/A
|
(1)
-1 675%
|
(3)
-92%
|
(6)
-127%
|
(11)
-71%
|
(15)
-37%
|
(20)
-39%
|
(21)
-3%
|
(20)
+2%
|
(18)
+11%
|
(15)
+15%
|
(18)
-15%
|
(18)
-3%
|
(22)
-22%
|
(24)
-7%
|
(21)
+13%
|
(19)
+8%
|
(17)
+11%
|
(17)
-2%
|
(19)
-9%
|
(21)
-13%
|
(19)
+10%
|
(16)
+15%
|
(14)
+14%
|
(12)
+15%
|
(12)
-4%
|
(12)
-1%
|
(13)
-5%
|
(13)
-1%
|
(16)
-20%
|
(18)
-19%
|
(20)
-7%
|
(21)
-6%
|
(19)
+11%
|
(19)
-2%
|
(18)
+6%
|
(1)
+96%
|
(1)
-21%
|
3
N/A
|
4
+20%
|
(11)
N/A
|
(11)
-4%
|
(12)
-8%
|
(16)
-35%
|
(16)
0%
|
(9)
+45%
|
(8)
+5%
|
(4)
+52%
|
0
N/A
|
(5)
N/A
|
(5)
+16%
|
(5)
-21%
|
|
| EPS (Diluted) |
-2.93
N/A
|
-5.66
-93%
|
-35.45
-526%
|
-38.2
-8%
|
-38.62
-1%
|
-5.46
+86%
|
-10.5
-92%
|
-11.92
-14%
|
-24.62
-107%
|
-19.34
+21%
|
-26.81
-39%
|
-27.62
-3%
|
-27.16
+2%
|
-24.08
+11%
|
-15.81
+34%
|
-16.46
-4%
|
-18.79
-14%
|
-20.8
-11%
|
-22.21
-7%
|
-19.28
+13%
|
-17.72
+8%
|
-15.29
+14%
|
-15.05
+2%
|
-15.13
-1%
|
-17.77
-17%
|
-15.07
+15%
|
-12.8
+15%
|
-11.01
+14%
|
-9.25
+16%
|
-8.81
+5%
|
-8.45
+4%
|
-8.8
-4%
|
-8.54
+3%
|
-6.39
+25%
|
-6.31
+1%
|
-5.18
+18%
|
-6.4
-24%
|
-3.85
+40%
|
-3.66
+5%
|
-3.42
+7%
|
-0.12
+96%
|
-0.14
-17%
|
0.66
N/A
|
0.79
+20%
|
-2.06
N/A
|
-2.13
-3%
|
-2.3
-8%
|
-3.1
-35%
|
-3.1
N/A
|
-1.67
+46%
|
-1.6
+4%
|
-0.75
+53%
|
0
N/A
|
-1.02
N/A
|
-0.86
+16%
|
-1.01
-17%
|
|