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Free Research Report as Lipocine Announced FY17 Financial Results

Stock Monitor: MYOS RENS Technology Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free earnings report on Lipocine Inc. (NASDAQ: LPCN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LPCN. The Company reported its full fiscal year 2017 operating and financial results on March 12, 2018. The specialty pharmaceutical Company missed earnings estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for MYOS RENS Technology Inc. (NASDAQ: MYOS), which also belongs to the Healthcare sector as the Company Lipocine. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Lipocine most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the full fiscal year ended December 31, 2017, and before that, Lipocine had not generated any revenues from product sales, and does not expect to do so until one of the Company's product candidates receives approval from the US Food and Drug Administration (FDA). Lipocine's revenues to date have been generated substantially from license fees, milestone payments, and research support from its licensees. Since its inception through December 31, 2017, the Company has generated $27.5 million in revenues under its various license and collaboration arrangements and from government grants.

During FY17, Lipocine's research and development (R&D) expenses were $11.0 million compared to $8.1 million during FY16. The increase in the Company's R&D expenses was primarily due to increased contract research organization and consultant costs TLANDO, related to the Dosing Validation (DV) and Dosing Flexibility (DF) clinical studies; increased contract manufacturing costs for LPCN 1107; and increased outside services expenses related to the Advisory Committee meeting for TLANDO. These increases were offset by decreased contract research organization costs for LPCN 1111; a decrease in validation and commercial batch manufacturing costs for TLANDO; and a decrease in contract research organization costs for LPCN 1107.

For FY17, Lipocine's general and administrative (G&A) expenses were $10.2 million compared to $10.4 million during FY16. The decrease in the Company's G&A expenses was primarily due to decreases in pre-commercialization marketing and sales activities related to TLANDO, offset by an increase related to a class-action litigation settlement liability.

For FY17, Lipocine recorded an operating loss of $21.2 million compared to $19.2 million in FY16.

Lipocine reported a net loss of $21.0 million, or $1.05 loss per diluted share, in FY17 compared to a net loss of $19.0 million, or $1.04 loss per diluted share, in FY16. The Company's reported loss was higher than analysts' estimates for a loss of $1.03 per share.

Research and Development

Lipocine currently has three products in the development pipeline - TLANDO, LPCN 1111, and LPCN 1107 - and the Company continues to conceptualize and discuss new indications for current products and new development opportunities.

Cash Matters

As of December 31, 2017, Lipocine had cash, cash equivalents, and marketable securities of $21.5 million compared to $26.8 million as of December 31, 2016.

In January 2018, the Company received $10 million through a Loan and Security Agreement with Silicon Valley Bank.

Stock Performance Snapshot

April 19, 2018 - At Thursday's closing bell, Lipocine's stock declined 4.14%, ending the trading session at $1.62.

Volume traded for the day: 131.96 thousand shares.

Stock performance in the last month – up 8.72%; and previous three-month period – up 13.29%

After yesterday's close, Lipocine's market cap was at $33.53 million.

The stock is part of the Healthcare sector, categorized under the Drugs - Generic industry.


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