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Side-by-side financial comparison of Insight Molecular Diagnostics Inc. (IMDX) 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 $1.1M, roughly 1.0× Insight Molecular Diagnostics Inc.). On growth, Insight Molecular Diagnostics Inc. posted the faster year-over-year revenue change (-23.4% vs -67.2%).

Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.

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.

IMDX vs LPCN — Head-to-Head

Bigger by revenue
LPCN
LPCN
1.0× larger
LPCN
$1.1M
$1.1M
IMDX
Growing faster (revenue YoY)
IMDX
IMDX
+43.8% gap
IMDX
-23.4%
-67.2%
LPCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMDX
IMDX
LPCN
LPCN
Revenue
$1.1M
$1.1M
Net Profit
$-23.0M
Gross Margin
42.5%
Operating Margin
-2057.5%
Net Margin
-2015.4%
Revenue YoY
-23.4%
-67.2%
Net Profit YoY
31.5%
-233.0%
EPS (diluted)
$-0.75

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
IMDX
IMDX
LPCN
LPCN
Q4 25
$1.1M
$1.1M
Q3 25
$260.0K
Q2 25
$518.0K
Q1 25
$2.1M
Q4 24
$1.5M
Q3 24
$115.0K
$0
Q2 24
$104.0K
Q1 24
$176.0K
$7.6M
Net Profit
IMDX
IMDX
LPCN
LPCN
Q4 25
$-23.0M
Q3 25
$-10.9M
Q2 25
$-9.7M
Q1 25
$-6.7M
Q4 24
$-33.5M
Q3 24
$-13.5M
$-2.2M
Q2 24
$-4.5M
Q1 24
$-9.1M
$3.5M
Gross Margin
IMDX
IMDX
LPCN
LPCN
Q4 25
42.5%
Q3 25
53.5%
Q2 25
67.6%
Q1 25
62.0%
Q4 24
40.0%
Q3 24
43.5%
Q2 24
48.1%
Q1 24
25.6%
Operating Margin
IMDX
IMDX
LPCN
LPCN
Q4 25
-2057.5%
Q3 25
-4249.2%
Q2 25
-1900.0%
Q1 25
-318.0%
Q4 24
-2262.9%
Q3 24
-11752.2%
Q2 24
-4453.8%
Q1 24
-5265.3%
42.3%
Net Margin
IMDX
IMDX
LPCN
LPCN
Q4 25
-2015.4%
Q3 25
-4174.6%
Q2 25
-1880.7%
Q1 25
-312.0%
Q4 24
-2255.1%
Q3 24
-11733.0%
Q2 24
-4355.8%
Q1 24
-5186.9%
46.1%
EPS (diluted)
IMDX
IMDX
LPCN
LPCN
Q4 25
$-0.75
Q3 25
$-0.34
Q2 25
$-0.30
Q1 25
$-0.26
Q4 24
$-2.19
Q3 24
$-0.98
$-0.44
Q2 24
$-0.36
Q1 24
$-1.13
$0.66

Balance Sheet & Financial Strength

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

Metric
IMDX
IMDX
LPCN
LPCN
Cash + ST InvestmentsLiquidity on hand
$11.6M
$5.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-31.5M
$14.5M
Total Assets
$25.8M
$17.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMDX
IMDX
LPCN
LPCN
Q4 25
$11.6M
$5.2M
Q3 25
$18.7M
Q2 25
$24.3M
Q1 25
$31.0M
Q4 24
$8.6M
Q3 24
$3.4M
$3.7M
Q2 24
$9.3M
Q1 24
$5.6M
$3.1M
Stockholders' Equity
IMDX
IMDX
LPCN
LPCN
Q4 25
$-31.5M
$14.5M
Q3 25
$-9.2M
Q2 25
$1.1M
Q1 25
$10.2M
Q4 24
$-12.3M
Q3 24
$9.7M
$19.1M
Q2 24
$22.7M
Q1 24
$11.6M
$24.0M
Total Assets
IMDX
IMDX
LPCN
LPCN
Q4 25
$25.8M
$17.0M
Q3 25
$43.9M
Q2 25
$50.5M
Q1 25
$60.4M
Q4 24
$35.1M
Q3 24
$70.2M
$20.7M
Q2 24
$74.7M
Q1 24
$71.0M
$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
IMDX
IMDX
LPCN
LPCN
Operating Cash FlowLast quarter
$-5.5M
$-9.8M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-616.7%
Capex IntensityCapex / Revenue
129.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMDX
IMDX
LPCN
LPCN
Q4 25
$-5.5M
$-9.8M
Q3 25
$-4.5M
Q2 25
$-6.3M
Q1 25
$-5.9M
Q4 24
$-5.4M
Q3 24
$-5.5M
$-2.8M
Q2 24
$-6.0M
Q1 24
$-3.8M
$2.4M
Free Cash Flow
IMDX
IMDX
LPCN
LPCN
Q4 25
$-7.0M
Q3 25
$-5.6M
Q2 25
$-6.6M
Q1 25
$-6.2M
Q4 24
$-5.6M
Q3 24
$-5.6M
Q2 24
$-6.2M
Q1 24
$-3.9M
FCF Margin
IMDX
IMDX
LPCN
LPCN
Q4 25
-616.7%
Q3 25
-2135.4%
Q2 25
-1279.5%
Q1 25
-288.4%
Q4 24
-374.5%
Q3 24
-4884.3%
Q2 24
-5931.7%
Q1 24
-2189.8%
Capex Intensity
IMDX
IMDX
LPCN
LPCN
Q4 25
129.9%
Q3 25
403.8%
Q2 25
67.4%
Q1 25
14.4%
Q4 24
14.4%
Q3 24
75.7%
Q2 24
183.7%
Q1 24
13.6%
Cash Conversion
IMDX
IMDX
LPCN
LPCN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.69×

Financial Flow Comparison

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

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