A Business at a Glance
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Lineage Cell Therapeutics, Inc.
LCTX
$234M
Mkt Cap
$1.03
-3.74%
Lineage Cell Therapeutics, Inc. (LCTX) has a 5-year average return on invested capital (ROIC) of -47.6%. This is below average and may indicate limited pricing power.
Lineage Cell Therapeutics, Inc. (LCTX) has a market capitalization of $234M. It is classified as a small-cap stock.
Lineage Cell Therapeutics, Inc. (LCTX) does not currently pay a regular dividend.
Lineage Cell Therapeutics, Inc. (LCTX) operates in the Biological Products, (No Diagnostic Substances) industry, within the Healthcare sector.
Lineage Cell Therapeutics, Inc. (LCTX) generated $-19 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Lineage Cell Therapeutics, Inc. (LCTX) has a debt-to-equity ratio of 0.05. This indicates a conservatively financed balance sheet.
Lineage Cell Therapeutics, Inc. (LCTX) reported earnings per share (EPS) of $-0.28 in its most recent fiscal year.
We are a clinical-stage biotechnology company developing cell replacement therapies to treat serious medical conditions. Certain diseases and medical events can arise from the loss of critical cellular activity and lead to devastating or difficult-to-treat conditions or impairments. Our work is grounded in the emerging evidence that replacing or supporting those cells that have become dysfunctional or “lost” (destroyed or dead) can restore or replenish normal function and improve treatment and recovery paradigms. We call this approach “Replace and Restore”. We believe cellular therapies aimed at entirely replacing dysfunctional or destroyed cells may have more durable, broader, or suitable applicability than traditional pharmaceutical products, which often seek to affect just a single molecular target or group of biological pathways.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 9.5M | - | 15M | - |
| Net Income | -64M | -64M | -19M | -21M | -26M | -43M |
| EPS | $-0.28 | $-0.28 | $-0.09 | $-0.12 | $-0.15 | $-0.26 |
| Free Cash Flow | -19M | -19M | -24M | -29M | 646K | -24M |
| ROIC | -468.3% | -103.3% | -26.2% | -31.4% | -31.7% | -45.6% |
| Gross Margin | - | - | 96.5% | - | 95.0% | - |
| Debt/Equity | 0.05 | 0.05 | 0.03 | 0.05 | 0.05 | 0.03 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | $0.00 |
| Operating Income | -37M | -37M | -21M | -25M | -23M | -49M |
| Operating Margin | 0.0% | - | -226.1% | - | -153.2% | - |
| ROE | -142.6% | -103.4% | -26.2% | -31.4% | -31.7% | -45.7% |
| Shares Outstanding | 227M | 227M | 207M | 179M | 175M | 165M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 15M | N/A | 9.5M | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | N/A | 96.5% | N/A | N/A |
| R&D | 38M | 43M | 36M | 24M | 21M | 18M | 12M | 34M | 14M | 16M | 12M | 18M | 18M |
| SG&A | 18M | 29M | 28M | 20M | 25M | 24M | 16M | 18M | 23M | 17M | 18M | 18M | 18M |
| EBIT | -51M | -66M | -59M | -39M | -42M | -39M | -26M | -49M | -23M | -25M | -21M | -37M | -37M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -153.2% | N/A | -226.1% | N/A | 0.0% |
| Net Income | -36M | -47M | 34M | -20M | -46M | -12M | -21M | -43M | -26M | -21M | -19M | -64M | -64M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -178.7% | N/A | -195.9% | N/A | 0.0% |
| Non-Recurring | 9K | 3.7M | 3.5M | 0 | 0 | 809K | 709K | 5K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -142.3% | -151.4% | 46.4% | -14.2% | -35.8% | -11.3% | -19.7% | -45.6% | -31.7% | -31.4% | -26.2% | -103.3% | N/M |
| ROE | -142.4% | -152.3% | 46.7% | -14.2% | -35.9% | -11.3% | -19.7% | -45.7% | -31.7% | -31.4% | -26.2% | -103.4% | -142.6% |
| ROA | -55.0% | -55.9% | 28.3% | -12.7% | -33.5% | -10.3% | -17.7% | -30.5% | -17.6% | -19.1% | -17.4% | -56.3% | -56.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -39M | -45M | 42M | -31M | -31M | -32M | -20M | -24M | 1.1M | -29M | -23M | -19M | -19M |
| Free Cash Flow | -39M | -46M | 40M | -32M | -31M | -32M | -20M | -24M | 646K | -29M | -24M | -19M | -19M |
| Owner Earnings | -44M | -57M | 33M | -35M | -37M | -37M | -23M | -28M | -3.8M | -34M | -29M | -24M | -24M |
| CapEx | 483K | 1.2M | 2.2M | 1.3M | 556K | 440K | 64K | 340K | 413K | 674K | 565K | 522K | 522K |
| Maint. CapEx | 1.1M | 1.1M | 1.2M | 947K | 1.1M | 1.0M | 823K | 663K | 582K | 562K | 587K | 699K | 699K |
| Growth CapEx | 0 | 163K | 1.1M | 379K | 0 | 0 | 0 | 0 | 0 | 112K | 0 | 0 | 0 |
| D&A | 1.1M | 1.1M | 1.2M | 947K | 1.1M | 1.0M | 823K | 663K | 582K | 562K | 587K | 699K | 699K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 39.0% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | N/A | N/A | 0.0% | 0.0% | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 4.5M | 11M | 8.0M | 3.9M | 5.4M | 3.6M | 2.2M | 3.5M | 4.3M | 4.6M | 5.1M | 4.8M | 4.8M |
| Debt Repayment | 0 | 0 | 0 | 49K | 101K | 70K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -29M | -77M | -33M | -38M | -29M | -26M | -14M | -56M | -54M | -33M | -45M | -53M | -38M |
| Cash & Equiv. | 29M | 42M | 22M | 37M | 24M | 9.5M | 33M | 56M | 11M | 35M | 46M | 41M | 41M |
| Long-Term Debt | 31K | 324K | 1.0M | 18K | 104K | 77K | 26K | 30K | 84K | 91K | 67K | 32K | 32K |
| Debt/Equity | 0.00 | 0.01 | 0.01 | 0.00 | 0.02 | 0.05 | 0.29 | 0.03 | 0.05 | 0.05 | 0.03 | 0.05 | 0.05 |
| Interest Coverage | -569.5 | -102.8 | -627.3 | -249.4 | -269.6 | -1388.4 | -25.5 | -24605.5 | -27.2 | N/A | N/A | N/A | N/A |
| Equity | 36M | 26M | 118M | 163M | 94M | 113M | 96M | 92M | 73M | 63M | 78M | 45M | 45M |
| Total Assets | 75M | 95M | 143M | 173M | 102M | 125M | 108M | 175M | 124M | 101M | 113M | 113M | 113M |
| Total Liabilities | 12M | 18M | 12M | 9.0M | 9.4M | 14M | 13M | 84M | 52M | 39M | 36M | 69M | 69M |
| Intangibles | 39M | 34M | 10M | 6.9M | 3.1M | 48M | 47M | 47M | 47M | 47M | 47M | 32M | 32M |
| Retained Earnings | -182M | -230M | -196M | -216M | -262M | -273M | -294M | -337M | -363M | -385M | -403M | -467M | -467M |
| Working Capital | 25M | 35M | 17M | 36M | 30M | 51M | 36M | 64M | 41M | 20M | 37M | 48M | 48M |
| Current Assets | 32M | 47M | 26M | 43M | 36M | 58M | 44M | 112M | 60M | 38M | 51M | 59M | 59M |
| Current Liabilities | 7.1M | 12M | 8.8M | 6.9M | 6.8M | 6.5M | 7.8M | 47M | 19M | 18M | 14M | 11M | 11M |
| Per Share Data | |||||||||||||
| EPS | -0.55 | -0.59 | 0.34 | -0.17 | -0.36 | -0.08 | -0.14 | -0.26 | -0.15 | -0.12 | -0.09 | -0.28 | -0.28 |
| Owner EPS | -0.67 | -0.71 | 0.34 | -0.30 | -0.29 | -0.25 | -0.15 | -0.17 | -0.02 | -0.19 | -0.14 | -0.11 | -0.11 |
| Book Value | 0.55 | 0.32 | 1.19 | 1.38 | 0.73 | 0.77 | 0.65 | 0.56 | 0.42 | 0.35 | 0.38 | 0.20 | 0.20 |
| Cash Flow/Share | -0.59 | -0.55 | 0.43 | -0.26 | -0.24 | -0.22 | -0.13 | -0.14 | 0.01 | -0.16 | -0.11 | -0.08 | -0.28 |
| Dividends/Share | N/A | N/A | N/A | 0.00 | N/A | N/A | 0.00 | 0.00 | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 66.4M | 80.3M | 98.7M | 117.5M | 127.8M | 146.4M | 147.5M | 165.5M | 175.2M | 179.1M | 206.8M | 226.9M | 226.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 9.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -3.7 |
| P/FCF | N/A | N/A | 8.0 | N/A | N/A | N/A | N/A | N/A | 287.4 | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 5.6 | 10.7 | 2.7 | N/A | 1.3 | 1.0 | N/A | N/A | 2.5 | 3.2 | 1.3 | N/A | 5.2 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 16.9 | N/A | 21.3 | N/A | N/A |
| FCF Yield | -19.4% | -16.6% | 12.6% | N/A | -25.9% | -28.7% | N/A | N/A | 0.3% | -14.2% | -22.9% | N/A | -8.3% |
| Market Cap | 202M | 276M | 319M | 0 | 121M | 113M | 0 | 0 | 186M | 206M | 103M | 0 | 234M |
| Avg. Price | 2.57 | 3.22 | 2.64 | 0.00 | 2.00 | 1.06 | 0.00 | 0.00 | 1.42 | 1.31 | 0.98 | 0.00 | 1.03 |
| Year-End Price | 3.05 | 3.44 | 3.23 | 0.00 | 0.95 | 0.77 | 0.00 | 0.00 | 1.06 | 1.15 | 0.50 | 0.00 | 1.03 |
Lineage Cell Therapeutics, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 95.8%. At current prices, the estimated annualized return to fair value is -30.2%.
Lineage Cell Therapeutics, Inc. (LCTX) has a return on equity (ROE) of -103.4%. A negative ROE may indicate losses or negative equity.
Lineage Cell Therapeutics, Inc. (LCTX) has a 5-year average gross margin of 95.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Lineage Cell Therapeutics, Inc. (LCTX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Lineage Cell Therapeutics, Inc. (LCTX) has a book value per share of $0.20, based on its most recent annual SEC filing.