L

Lucid Diagnostics Inc
NASDAQ:LUCD

Watchlist Manager
Lucid Diagnostics Inc
NASDAQ:LUCD
Watchlist
Price: 1.14 USD 3.64% Market Closed
Market Cap: 156.4m USD

Lucid Diagnostics Inc
Investor Relations

Lucid Diagnostics, Inc. develops medical testing devices. The company is headquartered in New York City, New York. The company went IPO on 2021-10-14. The firm is focused on patients with gastroesophageal reflux disease (GERD), also known as chronic heartburn, acid reflux or reflux, that leads to esophageal precancer and cancer, specifically lethal esophageal adenocarcinoma (EAC). Its products include EsoCheck and EsoGuard. EsoCheck is a noninvasive swallowable balloon capsule catheter device capable of sampling surface esophageal cells in an office procedure. The company consists of a vitamin pill-sized rigid plastic capsule tethered to a thin silicone catheter from which a soft silicone balloon with textured ridges emerges to swab surface esophageal cells. EsoGuard is a bisulfite-converted next generation sequencing (NGS) deoxyribonucleic acid (DNA) assay performed on surface esophageal cells collected with EsoCheck. The firm is a subsidiary of PAVmed Inc.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Steady Revenue & Volume: Q3 revenue was approximately $1.2 million and test volume was 2,841, both flat sequentially and within the targeted quarterly range.

Medicare Coverage Progress: Management expressed strong confidence that they are in the final stages of securing a positive Medicare coverage decision for EsoGuard after a highly positive advisory committee meeting.

Expanded Market Focus: Lucid is now actively targeting Medicare patients in anticipation of coverage, aiming to increase Medicare mix from 10–15% toward 50% of test volume.

Commercial Payer Engagement: Discussions with commercial payers are accelerating, supported by new guideline inclusions and a growing specialized market access team.

Strengthened Balance Sheet: Completed a $27 million public offering, ending the quarter with $47.3 million in pro forma cash and runway through 2026.

Cost Control: Quarterly cash burn was $10.3 million, flat sequentially, with stable variable costs per test.

Event-Based Testing Growth: Ongoing partnerships with fire departments and event-based testing continue to support test volume and pipeline expansion.

Key Financials
Test Volume
2,841 tests
Revenue
$1.2 million
Cash
$47.3 million
Quarterly Cash Burn
$10.3 million
Shares Outstanding
130.9 million (as of September 30); 138 million including unvested RSAs
Convertible Notes Fair Value
$22.3 million
Net Loss
$10.3 million
Net Loss Per Share
$0.10
Operating Expenses (Non-GAAP)
$11.5 million
Average Allowable Amount per Test (Adjudicated Claims)
Around $1,600
Cost per Test (Variable)
Less than $200 (includes $50 for EsoCheck and $120–$125 for lab processing)
Earnings Call Recording
Other Earnings Calls

Management

Dr. Lishan Aklog M.D.
Chairman & CEO
No Bio Available
Mr. Shaun M. O'Neill M.B.A.
President & COO
No Bio Available
Mr. Dennis M. McGrath CPA
Chief Financial Officer
No Bio Available
Mr. Michael Adam Gordon
General Counsel & Secretary
No Bio Available
Dr. Sanford D. Markowitz M.D., Ph.D.
Co-Founder, Strategic Advisor & Member of the Medical Advisor Board
No Bio Available
Dr. Joseph Willis M.D.
Cofounder, Strategic Advisor & Member of Medical Advisory Board
No Bio Available
Dr. Amitabh Chak M.D.
Co-Founder, Strategic Advisor & Member of Medical Advisory Board
No Bio Available
Richard D. Yazbeck
Chief Technology Officer
No Bio Available
Dr. Suman M. Verma M.D., Ph.D.
Chief Scientific Officer
No Bio Available
Dr. Brian J. deGuzman M.D.
Chief Compliance Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
One Grand Central Place, Suite 4600, Suite 4600
Contacts
+12129494319.0
www.luciddx.com