LTRN Chart
About

Lantern Pharma Inc. focuses on the discovery and development of oncology drug in India. Its product pipeline comprises LP-300, which is in phase 2 clinical trial in combination therapy for never-smokers with non-small cell lung cancer adenocarcinoma; LP-184, which is in phase 1 clinical trial for the treatment of solid tumor, such as pancreatic, breast, bladder, and lung cancers, as well as glioblastoma and other central nervous system (CNS) cancers; and LP-284, which is in phase 1 clinical trial for the treatment of non-Hodgkin's lymphomas, including mantle cell lymphoma and double hit lymphoma. The company also develops STAR-001, which is in preclinical development for the treatment of glioblastoma, brain metastases, atypical teratoid rhabdoid tumors, and several rare pediatric CNS cancers. In addition, it provides ADC program, an antibody drug conjugate therapeutic approach for cancer treatment. The company has a strategic AI-driven collaboration with Oregon Therapeutics to optimize the development of its first-in-class protein disulfide isomerase inhibitor drug candidate XCE853 in novel and targeted cancer indications; a collaboration agreement with TTC Oncology, which focuses on the drug development of TTC-352 to treat patients with metastatic ER+ breast cancer; and a collaboration agreement with Actuate Therapeutics, Inc. that focuses on the development of compounds for use in the treatment of cancer and inflammatory diseases. The company was incorporated in 2013 and is headquartered in Dallas, Texas.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 28.74M
Enterprise Value 16.36M Income -18.92M Sales —
Book/sh 0.87 Cash/sh 1.10 Dividend Yield —
Payout 0.00% Employees 24 IPO —
P/E — Forward P/E -1.35 PEG —
P/S — P/B 2.96 P/C —
EV/EBITDA -0.83 EV/Sales — Quick Ratio 3.06
Current Ratio 3.33 Debt/Eq 0.98 LT Debt/Eq —
EPS (ttm) -1.75 EPS next Y -1.91 EPS Growth —
Revenue Growth — Earnings 2026-03-26 ROA -55.99%
ROE -104.58% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 11.18M
Shs Float 8.59M Short Float 2.76% Short Ratio 5.16
Short Interest — 52W High 5.74 52W Low 2.52
Beta 1.52 Avg Volume 59.06K Volume 15.21K
Target Price $20.00 Recom None Prev Close $2.53
Price $2.57 Change 1.58%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$20.00
Mean price target
2. Current target
$2.57
Latest analyst target
3. DCF / Fair value
$-15.74
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.57
Low
$15.00
High
$25.00
Mean
$20.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-04-02 init Lake Street — → Buy $25
2024-04-25 reit HC Wainwright & Co. — → Neutral —
2023-08-10 reit EF Hutton Buy → Buy $11
2023-06-26 main EF Hutton Buy → Buy $11
2023-05-18 init HC Wainwright & Co. — → Neutral —
2023-03-21 reit EF Hutton — → Buy $11
2023-02-15 main EF Hutton — → Buy $11
2022-11-01 init EF Hutton — → Buy $11
2022-03-11 main HC Wainwright & Co. — → Buy $36
2021-11-02 main HC Wainwright & Co. — → Buy $34
2021-10-07 init HC Wainwright & Co. — → Buy $32
2020-07-28 init Colliers Securities — → Buy $24
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 40000 123600 — Sale at price 3.09 per share. KREIS LESLIE W JR Beneficial Owner of more than 10% of a Class of Security — 2025-06-13 00:00:00 I
1 61613 208271 — Sale at price 3.38 - 3.40 per share. KREIS LESLIE W JR Beneficial Owner of more than 10% of a Class of Security — 2025-06-12 00:00:00 I
2 56237 168419 — Sale at price 2.87 - 3.05 per share. KREIS LESLIE W JR Beneficial Owner of more than 10% of a Class of Security — 2025-05-29 00:00:00 I
3 3832 16937 — Conversion of Exercise of derivative security at price 4.42 per share. KEYSER DONALD JEFFREY PH.D Director — 2024-07-24 00:00:00 D
4 30000 189100 — Sale at price 6.25 - 6.33 per share. KREIS LESLIE W JR Beneficial Owner of more than 10% of a Class of Security — 2024-05-24 00:00:00 I
5 144000 676294 — Sale at price 4.40 - 4.87 per share. KREIS LESLIE W JR Beneficial Owner of more than 10% of a Class of Security — 2024-02-29 00:00:00 I
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-22.20M-17.86M-14.42M-12.58M
NetIncomeFromContinuingOperationNetMinorityInterest-20.78M-15.96M-14.26M-12.36M
ReconciledDepreciation17.28K14.62K10.08K6.76K
EBITDA-22.20M-17.86M-14.42M-12.58M
EBIT-22.22M-17.88M-14.43M-12.59M
NetInterestIncome742.36K765.39K204.35K67.93K
InterestIncome742.36K765.39K204.35K67.93K
NormalizedIncome-20.78M-15.96M-14.26M-12.36M
NetIncomeFromContinuingAndDiscontinuedOperation-20.78M-15.96M-14.26M-12.36M
TotalExpenses22.22M17.88M14.43M12.59M
TotalOperatingIncomeAsReported-22.22M-17.88M-14.43M-12.59M
DilutedAverageShares10.76M10.84M10.85M10.90M
BasicAverageShares10.76M10.84M10.85M10.90M
DilutedEPS-1.93-1.47-1.31-1.13
BasicEPS-1.93-1.47-1.31-1.13
DilutedNIAvailtoComStockholders-20.78M-15.96M-14.26M-12.36M
NetIncomeCommonStockholders-20.78M-15.96M-14.26M-12.36M
NetIncome-20.78M-15.96M-14.26M-12.36M
NetIncomeIncludingNoncontrollingInterests-20.78M-15.96M-14.26M-12.36M
NetIncomeContinuousOperations-20.78M-15.96M-14.26M-12.36M
PretaxIncome-20.78M-15.96M-14.26M-12.36M
OtherIncomeExpense692.87K1.15M-31.55K160.55K
OtherNonOperatingIncomeExpenses692.87K1.15M-31.55K160.55K
NetNonOperatingInterestIncomeExpense742.36K765.39K204.35K67.93K
InterestIncomeNonOperating742.36K765.39K204.35K67.93K
OperatingIncome-22.22M-17.88M-14.43M-12.59M
OperatingExpense22.22M17.88M14.43M12.59M
ResearchAndDevelopment16.13M11.89M8.60M7.57M
SellingGeneralAndAdministration6.09M5.98M5.83M5.02M
GeneralAndAdministrativeExpense6.09M5.98M5.83M5.02M
OtherGandA6.09M5.98M5.83M5.02M
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber10.78M10.72M10.86M11.09M
ShareIssued10.78M10.72M10.86M11.09M
TotalDebt243.66K234.47K52.89K204.95K
TangibleBookValue21.19M40.91M56.04M71.57M
InvestedCapital21.19M40.91M56.04M71.57M
WorkingCapital20.92M40.66M55.92M70.39M
NetTangibleAssets21.19M40.91M56.04M71.57M
CapitalLeaseObligations243.66K234.47K52.89K204.95K
CommonStockEquity21.19M40.91M56.04M71.57M
TotalCapitalization21.19M40.91M56.04M71.57M
TotalEquityGrossMinorityInterest21.19M40.91M56.04M71.57M
StockholdersEquity21.19M40.91M56.04M71.57M
GainsLossesNotAffectingRetainedEarnings153.99K-107.46K-371.39K-92.69K
OtherEquityAdjustments153.99K-107.46K-371.39K-92.69K
RetainedEarnings-76.03M-55.24M-39.28M-25.02M
AdditionalPaidInCapital97.06M96.26M95.69M96.69M
CapitalStock1.08K1.07K1.09K1.11K
CommonStock1.08K1.07K1.09K1.11K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest4.38M2.74M2.80M2.38M
TotalNonCurrentLiabilitiesNetMinorityInterest52.84K61.50K0.0052.89K
LongTermDebtAndCapitalLeaseObligation52.84K61.50K0.0052.89K
LongTermCapitalLeaseObligation52.84K61.50K0.0052.89K
CurrentLiabilities4.33M2.68M2.80M2.33M
CurrentDebtAndCapitalLeaseObligation190.81K172.97K52.89K152.06K
CurrentCapitalLeaseObligation190.81K172.97K52.89K152.06K
PayablesAndAccruedExpenses4.14M2.51M2.75M2.17M
TotalAssets25.57M43.65M58.84M73.95M
TotalNonCurrentAssets324.16K306.29K113.58K1.23M
OtherNonCurrentAssets36.74K25.87K17.89K1.02M
NonCurrentDeferredAssets0.00
NetPPE287.43K280.42K95.69K216.19K
GrossPPE287.43K280.42K95.69K216.19K
OtherProperties287.43K280.42K95.69K216.19K
CurrentAssets25.25M43.34M58.72M72.72M
OtherCurrentAssets1.23M2.04M2.99M1.99M
RestrictedCash0.00541.18K0.00
PrepaidAssets2.99M1.99M
CashCashEquivalentsAndShortTermInvestments24.01M41.30M55.20M70.73M
OtherShortTermInvestments16.50M19.36M17.99M19.20M
CashAndCashEquivalents7.51M21.94M37.20M51.52M
CashEquivalents6.62M20.88M1.27M
CashFinancial892.08K1.06M35.93M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-17.83M-14.37M-12.80M-10.61M
RepurchaseOfCapitalStock-500.00K-2.48M-939.67K
RepaymentOfDebt0.00
IssuanceOfDebt0.00
IssuanceOfCapitalStock0.0069.00M
CapitalExpenditure-12.60K-18.73K-27.84K-15.50K
EndCashPosition7.51M21.94M37.74M52.52M
BeginningCashPosition21.94M37.74M52.52M19.23M
EffectOfExchangeRateChanges-49.55K-28.46K-10.61K1.07K
ChangesInCash-14.38M-15.78M-14.77M33.29M
FinancingCashFlow66.71K-500.00K-2.18M63.42M
CashFlowFromContinuingFinancingActivities66.71K-500.00K-2.18M63.42M
NetOtherFinancingCharges-500.00K-4.78M
ProceedsFromStockOptionExercised66.71K0.00299.79K139.61K
NetPreferredStockIssuance-2.48M-939.67K
PreferredStockPayments-2.48M-939.67K
NetCommonStockIssuance-500.00K-2.48M69.00M
CommonStockPayments-500.00K-2.48M
CommonStockIssuance0.0069.00M
NetIssuancePaymentsOfDebt0.00
NetLongTermDebtIssuance0.00
LongTermDebtPayments0.00
LongTermDebtIssuance0.00
InvestingCashFlow3.37M-930.21K179.27K-19.53M
CashFlowFromContinuingInvestingActivities3.37M-930.21K179.27K-19.53M
NetInvestmentPurchaseAndSale3.38M-911.48K207.11K-19.52M
SaleOfInvestment20.66M7.28M4.12M64.09K
PurchaseOfInvestment-17.28M-8.20M-3.91M-19.58M
NetPPEPurchaseAndSale-12.60K-18.73K-27.84K-15.50K
PurchaseOfPPE-12.60K-18.73K-27.84K-15.50K
OperatingCashFlow-17.81M-14.35M-12.77M-10.59M
CashFlowFromContinuingOperatingActivities-17.81M-14.35M-12.77M-10.59M
ChangeInWorkingCapital2.23M538.02K-611.86K599.96K
ChangeInOtherCurrentLiabilities-175.72K-159.25K-158.40K-71.66K
ChangeInOtherCurrentAssets-10.87K-7.98K0.0033.99K
ChangeInPayablesAndAccruedExpense1.64M-236.18K580.36K1.62M
ChangeInPrepaidAssets778.30K941.44K-1.03M-984.46K
OtherNonCashItems173.21K160.23K144.60K90.66K
StockBasedCompensation732.89K1.07M1.19M961.54K
UnrealizedGainLossOnInvestmentSecurities-155.62K-119.65K492.50K80.56K
AmortizationOfSecurities-238.57K-173.09K81.87K140.51K
DepreciationAmortizationDepletion17.28K14.62K10.08K6.76K
DepreciationAndAmortization17.28K14.62K10.08K6.76K
OperatingGainsLosses210.66K127.34K187.52K-108.50K
GainLossOnInvestmentSecurities-9.06K115.84K128.92K80.56K
NetForeignCurrencyExchangeGainLoss219.73K11.50K58.60K0.00
NetIncomeFromContinuingOperations-20.78M-15.96M-14.26M-12.36M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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