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Side-by-side financial comparison of Lipocine Inc. (LPCN) and RICHTECH ROBOTICS INC. (RR). Click either name above to swap in a different company.

RICHTECH ROBOTICS INC. is the larger business by last-quarter revenue ($1.1M vs $1.1M, roughly 1.0× Lipocine Inc.). On growth, RICHTECH ROBOTICS INC. posted the faster year-over-year revenue change (-8.8% vs -67.2%).

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.

Richtech Robotics Inc. develops, manufactures and sells AI-powered commercial service robots, including food delivery, intelligent cleaning and hospitality automation solutions. It serves catering, retail, hotel and healthcare clients across North America, Asia Pacific and European markets.

LPCN vs RR — Head-to-Head

Bigger by revenue
RR
RR
1.0× larger
RR
$1.1M
$1.1M
LPCN
Growing faster (revenue YoY)
RR
RR
+58.4% gap
RR
-8.8%
-67.2%
LPCN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LPCN
LPCN
RR
RR
Revenue
$1.1M
$1.1M
Net Profit
$-8.4M
Gross Margin
52.3%
Operating Margin
-1029.6%
Net Margin
-732.5%
Revenue YoY
-67.2%
-8.8%
Net Profit YoY
-233.0%
-136.8%
EPS (diluted)
$-0.04

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
LPCN
LPCN
RR
RR
Q4 25
$1.1M
$1.1M
Q3 24
$0
Q1 24
$7.6M
Net Profit
LPCN
LPCN
RR
RR
Q4 25
$-8.4M
Q3 24
$-2.2M
Q1 24
$3.5M
Gross Margin
LPCN
LPCN
RR
RR
Q4 25
52.3%
Q3 24
Q1 24
Operating Margin
LPCN
LPCN
RR
RR
Q4 25
-1029.6%
Q3 24
Q1 24
42.3%
Net Margin
LPCN
LPCN
RR
RR
Q4 25
-732.5%
Q3 24
Q1 24
46.1%
EPS (diluted)
LPCN
LPCN
RR
RR
Q4 25
$-0.04
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
LPCN
LPCN
RR
RR
Cash + ST InvestmentsLiquidity on hand
$5.2M
$328.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.5M
$339.7M
Total Assets
$17.0M
$349.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPCN
LPCN
RR
RR
Q4 25
$5.2M
$328.5M
Q3 24
$3.7M
Q1 24
$3.1M
Stockholders' Equity
LPCN
LPCN
RR
RR
Q4 25
$14.5M
$339.7M
Q3 24
$19.1M
Q1 24
$24.0M
Total Assets
LPCN
LPCN
RR
RR
Q4 25
$17.0M
$349.4M
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
LPCN
LPCN
RR
RR
Operating Cash FlowLast quarter
$-9.8M
$-1.6M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-146.1%
Capex IntensityCapex / Revenue
6.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPCN
LPCN
RR
RR
Q4 25
$-9.8M
$-1.6M
Q3 24
$-2.8M
Q1 24
$2.4M
Free Cash Flow
LPCN
LPCN
RR
RR
Q4 25
$-1.7M
Q3 24
Q1 24
FCF Margin
LPCN
LPCN
RR
RR
Q4 25
-146.1%
Q3 24
Q1 24
Capex Intensity
LPCN
LPCN
RR
RR
Q4 25
6.2%
Q3 24
Q1 24
Cash Conversion
LPCN
LPCN
RR
RR
Q4 25
Q3 24
Q1 24
0.69×

Financial Flow Comparison

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

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