LUCD (LUCD) financial statements
LUCD reported revenue of $5M in fiscal 2025, up 75.2% a year over 4 years.
Net income was -$58M.
Free cash flow was -$47M.
The diluted share count rose 622% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LUCD's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $500,000 | $377,000 | $2M | $4M | $5M |
| Cost of revenue | — | $585,000 | $4M | $6M | $7M | $7M |
| Gross profit | — | $500,000 | $377,000 | -$4M | -$3M | -$2M |
| Research and development | $5M | $9M | $11M | $7M | $6M | $6M |
| Selling, general and admin | $7,000 | $21,000 | $40M | $36M | $37M | $42M |
| Operating income | -$8M | -$27M | -$56M | -$48M | -$46M | -$50M |
| Interest expense | — | $659,000 | $8,000 | $416,000 | $26,000 | $22,000 |
| Pre-tax income | -$8M | -$28M | -$56M | -$53M | -$46M | -$58M |
| Income tax | — | — | — | — | $0 | $0 |
| Net income | -$8M | -$28M | -$56M | -$53M | -$46M | -$58M |
| EPS (diluted) | -$0.59 | -$1.51 | -$1.55 | -$1.26 | -$1.05 | -$0.69 |
| Diluted shares | 14M | 19M | 36M | 42M | 51M | 102M |
| Gross margin | — | 100.0% | 100.0% | -146.3% | -63.3% | -41.7% |
| Operating margin | — | -5483.8% | -14920.7% | -1996.8% | -1059.6% | -1054.8% |
| Net margin | — | -5615.6% | -14899.5% | -2169.1% | -1047.6% | -1232.7% |
Balance sheet
Fiscal years, from LUCD's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $111,000 | $54M | $22M | $19M | $22M | $35M |
| Receivables | — | $200,000 | $17,000 | $45,000 | $45,000 | $643,000 |
| Inventory | — | — | $111,000 | $278,000 | $341,000 | $353,000 |
| Total current assets | $1M | $57M | $24M | $22M | $25M | $37M |
| Property, plant and equipment | — | $971,000 | $2M | $1M | $1M | $809,000 |
| Total assets | $2M | $59M | $33M | $27M | $31M | $40M |
| Total current liabilities | — | $4M | $8M | $29M | $24M | $29M |
| Total liabilities | $16M | $4M | $9M | $30M | $25M | $30M |
| Shareholders' equity | -$14M | $55M | $23M | -$2M | $5M | $11M |
| Net debt | -$111,000 | -$54M | -$22M | -$19M | -$22M | -$35M |
Cash flow
Fiscal years, from LUCD's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$6M | -$18M | -$30M | -$33M | -$44M | -$46M |
| Capital spending | — | $862,000 | $3M | $221,000 | $296,000 | $197,000 |
| Free cash flow | — | -$19M | -$33M | -$33M | -$44M | -$47M |
| Stock-based compensation | $65,000 | $9M | $14M | $6M | $4M | $4M |
| Net borrowing | $8M | — | — | — | -$3M | — |
| Free cash flow margin | — | -3706.0% | -8722.8% | -1360.7% | -1022.5% | -992.0% |
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Open LUCD in InvestinglyQuestions
What was LUCD's revenue in 2025?
$5M in fiscal 2025, from its 10-K filing.
How much free cash flow does LUCD generate?
-$47M in fiscal 2025 (operating cash flow minus capital spending).
From LUCD's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.