LadRx Financials
This page shows LadRx (LADX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Persistent operating losses are paired with shrinking assets, negative equity, and tightening short-term liquidity rather than a revenue-funded operating model.
FY2023 paired positive operating cash flow of$1.0M with a$3.8M operating loss, so reported cash generation did not reflect operating profitability. In FY2024, operating cash flow was-$1.3M against a$3.6M operating loss; the reversal suggests the earlier cash improvement reflected non-operating or working-capital effects rather than a durable earnings-to-cash engine.
Total assets fell from
FY2024 SG&A was
Financial Health Signals
LadRx does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
LadRx passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
LadRx reported a net loss of $1.6M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
LadRx's EBITDA was -$3.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.1% from the prior year.
LadRx reported -$1.6M in net income in fiscal year 2024. This represents a decrease of 497.0% from the prior year.
LadRx earned -$3.21 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 572.1% from the prior year.
Not reported for fiscal year 2024.
Cash & Balance Sheet
LadRx held $760K in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
None of these metrics is reported for fiscal year 2024.
Capital Allocation
LadRx invested $773K in research and development in fiscal year 2024. This represents an increase of 176.5% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
LADX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | $29K | N/A | $4K-99.2% | $594K+1859.9% | $30K | N/A | $15K | N/A |
| SG&A Expenses | $691K | N/A | N/A | $701K-12.6% | $802K | N/A | $826K-19.1% | $1.0M |
| Operating Income | -$720K | N/A | N/A | -$1.3M-55.6% | -$832K | N/A | -$840K+17.7% | -$1.0M |
| Net Income | -$719K | N/A | N/A | -$1.3M-787.1% | $187K | N/A | -$816K-125.9% | $3.1M |
| EPS (Diluted) | -$1.45-316.4% | $0.67+140.1% | -$1.67+35.5% | -$2.59-781.6% | $0.38+119.9% | -$1.91-15.8% | -$1.65-125.6% | $6.45 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, Interest Expense, Income Tax.
LADX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $260K-69.0% | $840K+1028.8% | $74K-91.7% | $894K-59.8% | $2.2M-3.8% | $2.3M-24.7% | $3.1M-23.0% | $4.0M |
| Current Assets | $258K-69.1% | $837K+1082.0% | $71K-92.0% | $889K-59.9% | $2.2M-2.1% | $2.3M-23.8% | $3.0M-22.6% | $3.8M |
| Cash & Equivalents | $207K-72.8% | $760K+1226.9% | $57K-93.0% | $817K-60.4% | $2.1M-0.3% | $2.1M-29.4% | $2.9M-18.6% | $3.6M |
| Total Liabilities | $2.4M+6.0% | $2.3M+23.5% | $1.8M+0.1% | $1.8M-2.6% | $1.9M-14.7% | $2.2M+4.8% | $2.1M-4.6% | $2.2M |
| Current Liabilities | $2.4M+6.0% | $2.3M+23.5% | $1.8M+0.1% | $1.8M-2.6% | $1.9M-14.7% | $2.2M+4.8% | $2.1M-4.6% | $2.2M |
| Total Equity | -$2.1M-50.4% | -$1.4M+19.1% | -$1.8M-87.9% | -$934K-370.5% | $345K+221.6% | $107K-88.9% | $965K-45.8% | $1.8M |
| Retained Earnings | -$490.8M-0.1% | -$490.1M+0.1% | -$490.4M-0.2% | -$489.6M-0.3% | -$488.3M0.0% | -$488.5M-0.2% | -$487.6M-0.2% | -$486.8M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
LADX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$553K-178.7% | $702K | N/A | -$1.2M-21103.7% | -$6K+99.3% | -$863K-28.9% | -$670K-120.6% | $3.2M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | $0 | $0+100.0% | -$250K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
LADX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | N/A | N/A | N/A | 54.1% | N/A | -84.5%-261.3pp | 176.8% |
| Return on Assets | -276.6% | N/A | N/A | -143.5%-151.9pp | 8.4% | N/A | -26.6%-105.7pp | 79.1% |
| Current Ratio | 0.11-0.3x | 0.37+0.3x | 0.04-0.4x | 0.49-0.7x | 1.18+0.2x | 1.03-0.4x | 1.41-0.3x | 1.74 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 5.43-15.1x | 20.50+18.3x | 2.18+0.9x | 1.24 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$1.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where LadRx Ranks
Frequently Asked Questions
Is LadRx profitable?
No, LadRx (LADX) reported a net income of -$1.6M in fiscal year 2024.
What is LadRx's EBITDA?
LadRx (LADX) had EBITDA of -$3.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is LadRx's operating cash flow?
LadRx (LADX) recorded an outflow of $1.3M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are LadRx's total assets?
LadRx (LADX) had $840K in total assets as of fiscal year 2024, including both current and long-term assets.
How much does LadRx spend on research and development?
LadRx (LADX) invested $773K in research and development during fiscal year 2024.
What is LadRx's current ratio?
LadRx (LADX) had a current ratio of 0.37 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is LadRx's return on assets (ROA)?
LadRx (LADX) had a return on assets of -189.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does LadRx's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, LadRx (LADX) held $760K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.3M over that year. Dividing the one by the other, the reported balance equals about 7 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is LadRx's debt-to-equity ratio negative or not reported?
LadRx (LADX) has negative shareholder equity of -$1.4M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is LadRx's Piotroski F-Score?
LadRx (LADX) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LadRx's earnings high quality?
LadRx (LADX) reported a net loss of $1.6M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.