NASDAQ : LUCD
Lucid Diagnostics Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 0.4323 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 82.55M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Lucid Diagnostics Inc. (LUCD) reported revenue of 5.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.45M | 4.71M | 4.35M | 2.43M | 377.00K | 500.00K |
| Cost of Revenue | 6.63M | 6.67M | 7.10M | 5.98M | 3.61M | 585.00K |
| Gross Profit | -1.18M | -1.96M | -2.75M | -3.55M | -3.24M | -85.00K |
| Selling, General & Admin | 43.69M | 41.58M | 36.62M | 35.66M | 40.11M | 18.04M |
| Research & Development | 5.39M | 5.68M | 5.99M | 7.25M | 11.26M | 9.30M |
| Amortization of Goodwill & Intangibles | 421.00K | 421.00K | 688.00K | 2.02M | 1.65M | |
| Operating Expenses | 49.50M | 47.68M | 43.30M | 44.93M | 53.01M | 27.33M |
| Operating Income | -50.68M | -49.64M | -46.05M | -48.48M | -56.25M | -27.42M |
| Interest Expense | -18.00K | -22.00K | -26.00K | -416.00K | -8.00K | -659.00K |
| Interest & Investment Income | 357.00K | 386.00K | 322.00K | 424.00K | 88.00K | |
| Other Non Operating Income (Expenses) | -1.19M | |||||
| EBT Excluding Unusual Items | -50.34M | -49.28M | -45.76M | -49.66M | -56.17M | -28.08M |
| Other Unusual Items | -1.92M | -8.73M | 227.00K | -3.01M | ||
| Pretax Income | -52.26M | -58.01M | -45.53M | -52.67M | -56.17M | -28.08M |
| Net Income | -52.26M | -58.01M | -45.53M | -52.67M | -56.17M | -28.08M |
| Preferred Dividends & Other Adjustments | 12.75M | 12.56M | 7.50M | |||
| Net Income to Common | -65.01M | -70.57M | -53.02M | -52.67M | -56.17M | -28.08M |
| Shares Outstanding (Basic) | 140.82M | 101.95M | 50.52M | 41.76M | 36.17M | 18.60M |
| Shares Outstanding (Diluted) | 140.82M | 101.95M | 50.52M | 41.76M | 36.17M | 18.60M |
| EPS (Basic) | -0.46 | -0.69 | -1.05 | -1.26 | -1.55 | -1.51 |
| EPS (Diluted) | -0.46 | -0.69 | -1.05 | -1.26 | -1.55 | -1.51 |
| Free Cash Flow | -47.18M | -46.68M | -44.44M | -33.04M | -30.59M | -18.53M |
| Free Cash Flow Per Share | -0.34 | -0.46 | -0.88 | -0.79 | -0.85 | -1.00 |
| Gross Margin | -21.69% | -41.73% | -63.35% | -146.25% | -17.00% | |
| Operating Margin | -930.82% | -1,054.82% | -1,059.64% | -1,996.79% | -14,920.69% | -5,483.80% |
| Profit Margin | -1,193.87% | -1,499.55% | -1,220.09% | -2,169.11% | -14,899.47% | -5,615.60% |
| Free Cash Flow Margin | -866.56% | -991.97% | -1,022.46% | -1,360.71% | -8,114.85% | -3,706.00% |
| EBITDA | -49.81M | -48.77M | -44.88M | -45.98M | -54.31M | -27.41M |
| D&A For EBITDA | 875.00K | 872.00K | 1.17M | 2.50M | 1.94M | 4.00K |
| EBIT | -50.68M | -49.64M | -46.05M | -48.48M | -56.25M | -27.42M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.40M | 34.70M | 22.36M | 18.90M | 22.47M | 53.66M |
| Short-Term Investments | 1.07M | 989.00K | 1.02M | 1.98M | 1.33M | 1.12M |
| Cash & Short-Term Investments | 34.47M | 35.69M | 23.38M | 20.88M | 23.80M | 54.77M |
| Accounts Receivable | 1.09M | 643.00K | 45.00K | 45.00K | 17.00K | 200.00K |
| Other Receivables | 360.00K | |||||
| Receivables | 1.09M | 643.00K | 405.00K | 45.00K | 17.00K | 200.00K |
| Inventory | 484.00K | 353.00K | 341.00K | 278.00K | 111.00K | 493.00K |
| Prepaid Expenses | 192.00K | 416.00K | 443.00K | 607.00K | 52.00K | 1.58M |
| Other Current Assets | 387.00K | 362.00K | 581.00K | 266.00K | 371.00K | 260.00K |
| Total Current Assets | 36.62M | 37.47M | 25.15M | 22.07M | 24.36M | 57.30M |
| Property, Plant & Equipment | 2.21M | 2.62M | 3.70M | 2.64M | 3.60M | 971.00K |
| Other Intangible Assets | 105.00K | 315.00K | 736.00K | 1.42M | 3.44M | |
| Other Long-Term Assets | 10.00K | 47.00K | 1.13M | 1.13M | 1.11M | 725.00K |
| Total Assets | 38.95M | 40.45M | 30.71M | 27.27M | 32.51M | 59.00M |
| Accounts Payable | 667.00K | 970.00K | 1.24M | 1.15M | 1.06M | 1.49M |
| Accrued Expenses | 2.44M | 2.32M | 2.41M | 12.61M | 6.12M | 2.15M |
| Short-Term Debt | 23.50M | 24.00M | 18.60M | 13.95M | ||
| Current Portion of Leases | 906.00K | 893.00K | 854.00K | 1.11M | 962.00K | |
| Other Current Liabilities | 397.00K | 417.00K | 575.00K | 284.00K | 620.00K | |
| Total Current Liabilities | 27.52M | 28.58M | 23.52M | 29.38M | 8.43M | 4.26M |
| Long-Term Leases | 503.00K | 927.00K | 1.80M | 199.00K | 1.04M | |
| Total Liabilities | 28.02M | 29.51M | 25.32M | 29.58M | 9.46M | 4.26M |
| Common Stock | 191.00K | 131.00K | 63.00K | 42.00K | 41.00K | 35.00K |
| Additional Paid-In Capital | 323.41M | 230.87M | 154.68M | 129.76M | 121.08M | 96.61M |
| Retained Earnings | -312.68M | -274.33M | -203.77M | -150.74M | -98.08M | -41.90M |
| Total Common Equity | 10.93M | -43.34M | -49.03M | -20.94M | 23.05M | 54.74M |
| Shareholders' Equity | 10.93M | 10.94M | 5.39M | -2.31M | 23.05M | 54.74M |
| Total Liabilities & Equity | 38.95M | 40.45M | 30.71M | 27.27M | 32.51M | 59.00M |
| Total Debt | 24.91M | 25.82M | 21.25M | 15.26M | 2.00M | |
| Net Cash (Debt) | 9.56M | 9.87M | 2.12M | 5.62M | 21.81M | 54.77M |
| Net Cash Per Share | 0.07 | 0.10 | 0.04 | 0.13 | 0.60 | 2.94 |
| Filing Date Shares Outstanding | 190.95M | 170.36M | 86.86M | 45.91M | 41.30M | 37.43M |
| Total Common Shares Outstanding | 190.76M | 131.10M | 63.07M | 42.33M | 40.52M | 34.92M |
| Working Capital | 9.11M | 8.89M | 1.62M | -7.31M | 15.93M | 53.04M |
| Book Value Per Share | 0.06 | -0.33 | -0.78 | -0.49 | 0.57 | 1.57 |
| Tangible Book Value | 10.82M | -43.65M | -49.76M | -22.36M | 19.60M | 54.74M |
| Tangible Book Value Per Share | 0.06 | -0.33 | -0.79 | -0.53 | 0.48 | 1.57 |
| Machinery | 2.36M | 2.18M | 2.10M | 1.88M | 954.00K | |
| Construction In Progress | 20.00K | |||||
| Leasehold Improvements | 30.00K | 30.00K | 1.00K | 1.00K | 1.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -52.26M | -58.01M | -45.53M | -52.67M | -56.17M | -28.08M |
| Depreciation & Amortization | 875.00K | 872.00K | 1.17M | 2.50M | 1.94M | 4.00K |
| Stock-Based Compensation | 5.42M | 4.49M | 4.53M | 6.82M | 14.99M | 9.60M |
| Other Operating Activities | 2.06M | 8.97M | 119.00K | 4.85M | 653.00K | |
| Change in Accounts Receivable | -718.00K | -601.00K | -28.00K | 183.00K | -200.00K | |
| Change in Accounts Payable | -165.00K | -270.00K | 96.00K | 89.00K | -445.00K | -665.00K |
| Change in Other Net Operating Assets | -2.08M | -1.94M | -4.53M | 5.61M | 9.17M | 1.67M |
| Operating Cash Flow | -46.87M | -46.48M | -44.14M | -32.82M | -29.68M | -17.67M |
| Capital Expenditures | -315.00K | -197.00K | -296.00K | -221.00K | -908.00K | -862.00K |
| Cash Acquisitions | -3.20M | |||||
| Sale (Purchase) of Intangibles | -350.00K | |||||
| Investing Cash Flow | -315.00K | -197.00K | -646.00K | -221.00K | -4.11M | -862.00K |
| Short-Term Debt Issued | 7.74M | |||||
| Long-Term Debt Issued | 360.00K | 21.61M | 10.00M | |||
| Total Debt Issued | 360.00K | 21.61M | 10.00M | 7.74M | ||
| Long-Term Debt Repaid | -3.62M | |||||
| Net Debt Issued (Repaid) | 360.00K | 18.00M | 10.00M | 7.74M | ||
| Issuance of Common Stock | 49.48M | 58.67M | 451.00K | 835.00K | 2.61M | 70.00M |
| Other Financing Activities | -5.66M | |||||
| Financing Cash Flow | 49.47M | 59.03M | 48.25M | 29.46M | 2.61M | 72.08M |
| Net Cash Flow | 2.28M | 12.35M | 3.46M | -3.58M | -31.18M | 53.55M |
| Free Cash Flow | -47.18M | -46.68M | -44.44M | -33.04M | -30.59M | -18.53M |
| Free Cash Flow Margin | -866.56% | -991.97% | -1,022.46% | -1,360.71% | -8,114.85% | -3,706.00% |
| Free Cash Flow Per Share | -0.34 | -0.46 | -0.88 | -0.79 | -0.85 | -1.00 |
| Levered Free Cash Flow | -26.43M | -26.26M | -34.57M | -15.24M | -13.96M | -21.58M |
| Unlevered Free Cash Flow | -26.42M | -26.24M | -34.56M | -14.98M | -13.95M | -21.17M |
| Change in Working Capital | -2.96M | -2.81M | -4.43M | 5.67M | 8.91M | 807.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 76.78M | 142.90M | 45.39M | 59.69M | 53.19M | 197.66M |
| Enterprise Value | 67.22M | 173.13M | 98.68M | 62.62M | 25.87M | 197.41M |
| Last Close Price | 0.40 | 1.09 | 0.82 | 1.41 | 1.36 | 5.37 |
| PS Ratio | 14.20 | 30.36 | 10.45 | 24.58 | 141.08 | 395.32 |
| PB Ratio | 7.07 | 13.07 | 8.42 | -25.83 | 2.31 | 3.61 |
| P/TBV Ratio | 7.14 | 2.71 | 3.61 | |||
| EV/Sales Ratio | 12.44 | 36.79 | 22.71 | 25.79 | 68.61 | 394.82 |
| Debt / Equity Ratio | 2.28 | 2.36 | 3.94 | -6.60 | 0.09 | |
| Net Debt / Equity Ratio | -0.88 | -0.90 | -0.39 | 2.43 | -0.95 | -1.00 |
| Net Debt / EBITDA Ratio | 0.19 | 0.20 | 0.05 | 0.12 | 0.40 | 2.00 |
| Net Debt / FCF Ratio | 0.20 | 0.21 | 0.05 | 0.17 | 0.71 | 2.96 |
| Asset Turnover | 0.14 | 0.13 | 0.15 | 0.08 | 0.01 | 0.02 |
| Inventory Turnover | 13.40 | 19.22 | 22.94 | 30.74 | 11.97 | 0.88 |
| Quick Ratio | 1.29 | 1.27 | 1.01 | 0.71 | 2.83 | 12.90 |
| Current Ratio | 1.33 | 1.31 | 1.07 | 0.75 | 2.89 | 13.45 |
| Return on Equity (ROE) | -556.27% | -710.60% | -2,956.43% | -507.97% | -144.42% | -136.23% |
| Return on Assets (ROA) | -81.62% | -87.20% | -99.28% | -101.38% | -76.84% | -56.01% |
| Return on Capital Employed (ROCE) | -443.40% | -418.40% | -640.40% | 2,295.50% | -233.60% | -50.10% |
| Earnings Yield | -114.80% | -40.59% | -100.30% | -88.24% | -105.61% | -14.21% |
| FCF Yield | -61.04% | -32.67% | -97.89% | -55.35% | -57.52% | -9.38% |
| Buyback Yield / Dilution | -103.51% | -101.81% | -20.98% | -15.44% | -94.44% | -31.81% |