LTRN · NASDAQ · Biotechnology

Lantern Pharma (LTRN)

Develops oncology candidates using data science and biomarker-guided drug development.

$1.94
Pre-market+0.01 (+0.52%)
At close$1.93(−4.46%)
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Lantern Pharma Inc.LTRNHealth Care

Develops cancer drug candidates with RADR®, a platform that links genomic signatures to drug response. Its clinical portfolio combines three lead candidates with an antibody-drug-conjugate program, and revenue depends on regulatory approval or possible licence and grant income.

RADR® applies big-data analytics, genomics, machine learning and artificial intelligence to identify genomic signatures associated with drug response. The platform supports selection, rescue and repositioning of cancer drug candidates alongside biomarker-driven development of new compounds.

The clinical portfolio includes LP-300, LP-184 and LP-284, plus an antibody-drug-conjugate program across cancer indications. Operations are based in Texas, with subsidiaries in the United Kingdom and Australia.

Commercial outcomes depend on advancing candidates through clinical development and gaining regulatory approval. The company expects operating losses and no product revenue before approvals, apart from possible licence and grant revenue.

Company facts

CEOPanna Sharma
ListedJun 11, 2020
ExchangeNASDAQ
HeadquartersDallas, TX
CountryUnited States
Employees16
CIK0001763950
ISINUS51654W1018

Market cap$24.6M
EPS (ttm)−$1.62
P/E (ttm)−1.19
ROE-456.4%
P/B−7.45
P/S0.00
Dividend yieldDiv yield
Beta2.84vs XLV 0.43

No analyst consensus on record.

Next report
Nov 11, 2026
in 69 days
EPS estimate
−$0.35
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.54−$0.42−$0.40−$0.39−$0.36−$0.30−$0.57Pending
Estimate−$0.51−$0.49−$0.53−$0.46−$0.46−$0.36−$0.38−$0.35
Surprise−5.9%+14.3%+24.5%+15.2%+21.7%+16.7%−50.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$100.7KPending
Estimate
Surprise
Estimate−$0.35
ReportedDue Nov 11, 2026
Estimate
ReportedDue Nov 11, 2026
View details

Current ratio195.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$4.5M−$5.9M−$4.5M−$4.3M−$4.2M−$4.1M−$3.3M−$7.1M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$5.2M−$5.9M−$4.8M−$4.7M−$4.3M−$4.2M−$3.4M−$3.5M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $7.4M · Total debt $39.7K · Total assets $8.6M · Shareholders' equity −$3.2M

Revenue
$0
Operating income
−$3.5M
Net income
−$7.1M
View details

No dividends on record.

Institutions33 holders · as of Mar 31, 202616.40%2.10M shares
Insiders6 holders · as of May 14, 202622.73%2.91M shares
Otherremainder60.87%7.78M shares

12.78M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Empery Asset Management, LPInstitution
10.35%1.32M13Gfiled Aug 4, 2026
Aaron G.L. FletcherInsider10 percent owner
8.21%1.05MForm 4filed Jun 13, 2025
Bios Capital Management, LPInstitution
6.76%864,43513Fas of Mar 31, 2026
of 17 PagesInsider
5.26%672,75813Gfiled Feb 16, 2021
Thomas A. Satterfield, Jr.Insider
4.46%570,00013Gfiled Apr 3, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 12, 2026D. Jeffrey Keyserdirector+97,088$2.17
May 12, 2026Lee Troy Schalopdirector+97,088$2.17
View details

ComparePre-market

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