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Side-by-side financial comparison of Elite Express Holding Inc. (ETS) and Lipocine Inc. (LPCN). Click either name above to swap in a different company.

Lipocine Inc. is the larger business by last-quarter revenue ($1.1M vs $805.3K, roughly 1.4× Elite Express Holding Inc.).

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

Lipocine Inc is a clinical-stage biopharmaceutical company specializing in the development of hormone-based therapies. Its core product pipeline targets unmet medical needs in men's health, women's health, and liver disease, with primary operations and market focus in the United States. It prioritizes oral formulation innovation to improve patient treatment accessibility and adherence.

ETS vs LPCN — Head-to-Head

Bigger by revenue
LPCN
LPCN
1.4× larger
LPCN
$1.1M
$805.3K
ETS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ETS
ETS
LPCN
LPCN
Revenue
$805.3K
$1.1M
Net Profit
$-110.1K
Gross Margin
19.5%
Operating Margin
-38.2%
Net Margin
-13.7%
Revenue YoY
-67.2%
Net Profit YoY
-233.0%
EPS (diluted)
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ETS
ETS
LPCN
LPCN
Q1 26
$805.3K
Q4 25
$1.1M
Q3 25
$633.9K
Q3 24
$0
Q1 24
$7.6M
Net Profit
ETS
ETS
LPCN
LPCN
Q1 26
$-110.1K
Q4 25
Q3 25
$-185.9K
Q3 24
$-2.2M
Q1 24
$3.5M
Gross Margin
ETS
ETS
LPCN
LPCN
Q1 26
19.5%
Q4 25
Q3 25
1.1%
Q3 24
Q1 24
Operating Margin
ETS
ETS
LPCN
LPCN
Q1 26
-38.2%
Q4 25
Q3 25
-22.8%
Q3 24
Q1 24
42.3%
Net Margin
ETS
ETS
LPCN
LPCN
Q1 26
-13.7%
Q4 25
Q3 25
-29.3%
Q3 24
Q1 24
46.1%
EPS (diluted)
ETS
ETS
LPCN
LPCN
Q1 26
$-0.01
Q4 25
Q3 25
$-0.01
Q3 24
$-0.44
Q1 24
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ETS
ETS
LPCN
LPCN
Cash + ST InvestmentsLiquidity on hand
$68.1K
$5.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.1M
$14.5M
Total Assets
$13.4M
$17.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETS
ETS
LPCN
LPCN
Q1 26
$68.1K
Q4 25
$5.2M
Q3 25
$13.6M
Q3 24
$3.7M
Q1 24
$3.1M
Stockholders' Equity
ETS
ETS
LPCN
LPCN
Q1 26
$13.1M
Q4 25
$14.5M
Q3 25
$14.9M
Q3 24
$19.1M
Q1 24
$24.0M
Total Assets
ETS
ETS
LPCN
LPCN
Q1 26
$13.4M
Q4 25
$17.0M
Q3 25
$15.2M
Q3 24
$20.7M
Q1 24
$25.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ETS
ETS
LPCN
LPCN
Operating Cash FlowLast quarter
$-1.2M
$-9.8M
Free Cash FlowOCF − Capex
$-1.3M
FCF MarginFCF / Revenue
-155.9%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETS
ETS
LPCN
LPCN
Q1 26
$-1.2M
Q4 25
$-9.8M
Q3 25
Q3 24
$-2.8M
Q1 24
$2.4M
Free Cash Flow
ETS
ETS
LPCN
LPCN
Q1 26
$-1.3M
Q4 25
Q3 25
Q3 24
Q1 24
FCF Margin
ETS
ETS
LPCN
LPCN
Q1 26
-155.9%
Q4 25
Q3 25
Q3 24
Q1 24
Capex Intensity
ETS
ETS
LPCN
LPCN
Q1 26
0.8%
Q4 25
Q3 25
Q3 24
Q1 24
Cash Conversion
ETS
ETS
LPCN
LPCN
Q1 26
Q4 25
Q3 25
Q3 24
Q1 24
0.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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