Lantern Pharma Inc. LTRN
are an artificial intelligence (A.I.) focused company dedicated to developing cancer therapies and transforming the cost, pace, and timeline
of oncology drug discovery and development. Our development portfolio includes three clinical stage oncology focused product candidates
and consists of small molecules that others have tried, but failed, to develop into an approved commercialized drug, as well as new compounds
that we are developing with the assistance of our proprietary A.I. platform and our biomarker driven approach. Our A.I. platform, known
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| R&D | $11.5M | $16.1M | $11.9M | $8.6M | $7.6M | $2.2M | — | — |
| SG&A | $6.5M | $6.1M | $6.0M | $5.8M | $5.0M | $3.7M | $1.5M | — |
| Total operating expenses | $18.0M | $22.2M | $17.9M | $14.4M | $12.6M | $5.9M | $2.4M | — |
| Operating income | -$18.0M | -$22.2M | -$17.9M | -$14.4M | -$12.6M | — | — | — |
| Net income | -$17.1M | -$20.8M | -$16.0M | -$14.3M | -$12.4M | -$5.9M | -$2.4M | — |
| EPS, basic | -1.57 | -1.93 | -1.47 | -1.31 | -1.13 | — | — | — |
| EPS, diluted | -1.57 | -1.93 | -1.47 | -1.31 | -1.13 | -1.37 | -1.23 | — |
| Shares, diluted (wtd. avg.) | 10.9M | 10.8M | 10.8M | 10.9M | 10.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.4M | $7.5M | $21.9M | $37.2M | $51.5M | $19.2M | $1.2M | $445.2K |
| Short-term investments | $5.7M | $16.5M | $19.4M | $18.0M | $19.2M | — | — | — |
| Total current assets | $10.8M | $25.2M | $43.3M | $58.7M | $72.7M | $20.2M | $1.2M | — |
| Property, plant and equipment | $31.9K | $47.4K | $52.1K | $48.0K | $30.2K | $21.5K | $8.8K | — |
| Total assets | $11.0M | $25.6M | $43.6M | $58.8M | $74.0M | $20.4M | $1.4M | — |
| Accounts payable | $4.4M | $4.1M | $2.5M | $2.7M | $2.2M | $552.3K | — | — |
| Total current liabilities | $4.5M | $4.3M | $2.7M | $2.8M | $2.3M | $552.3K | $489.3K | — |
| Total liabilities | $4.5M | $4.4M | $2.7M | $2.8M | $2.4M | $660.8K | $489.3K | — |
| Retained earnings | -$93.1M | -$76.0M | -$55.2M | -$39.3M | -$25.0M | -$12.7M | -$6.8M | — |
| Total equity | $6.5M | $21.2M | $40.9M | $56.0M | $71.6M | $19.7M | $943.3K | -$201.8K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.7M | -$17.8M | -$14.3M | -$12.8M | -$10.6M | -$5.7M | -$2.1M | — |
| Depreciation and amortisation | — | — | $14.6K | $10.1K | $6.8K | $3.4K | $1.6K | — |
| Stock-based compensation | $651.0K | $652.0K | $1.0M | $1.2M | $961.5K | — | — | — |
| Capital expenditure | $1.7K | $12.6K | $18.7K | $27.8K | $15.5K | — | — | — |
| Investing cash flow | $11.1M | $3.4M | -$930.2K | $179.3K | -$19.5M | -$16.1K | -$5.7K | — |
| Financing cash flow | $1.5M | $66.7K | -$500.0K | -$2.2M | $63.4M | $23.7M | $2.9M | — |
| Buybacks | — | — | $500.0K | $2.5M | $939.7K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-019713.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$2.4M | -$5.9M | -$12.4M | -$14.3M | -$16.0M | -$20.8M | -$17.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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