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Liquidia Corporation, a biopharmaceutical company, develops, manufactures, and commercializes various products for rare cardiopulmonary diseases in the United States. The company's lead product candidates include YUTREPIA, an inhaled dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). It also provides Remodulin, a treprostinil injection administered through continuous intravenous and subcutaneous infusion; and develops L606, an investigational liposomal formulation of treprostinil which is in phase III clinical trial for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). In addition, the company offers PRINT technology which allows to engineer and manufacture uniform drug particles with precise control over the size, three-dimensional geometric shape, and chemical composition of the particles. It has a license agreement with Pharmosa Biopharm Inc to develop and commercialize L606, an inhaled sustained-release formulation of Treprostinil for the treatment of PAH and PH-ILD; Vectura; The University of North Carolina at Chapel Hill; GlaxoSmithKline; Alcon Inc; and promotion Agreement with Sandoz. Liquidia Corporation was founded in 2004 and is based in Morrisville, North Carolina.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Liquidia Technologies is a clinical-stage biotech using its PRINT particle-engineering platform to develop inhaled therapies, with a lead dry‑powder treprostinil candidate for pulmonary arterial hypertension. Long-term growth drivers include regulatory approval and commercialization of the lead program, potential expansion into additional pulmonary indications, and partnerships to scale the platform; the company appears positioned to offer differentiated inhaled delivery that could improve dosing convenience.
The principal risks are clinical and regulatory failure, limited cash runway and commercialization execution against established competitors; investors should monitor trial results and financing milestones.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -68.92M | -130.39M | -78.50M | -41.02M | -34.58M |
| Net income | -68.92M | -130.39M | -78.50M | -38.37M | -29.78M |
| Selling general administrative | 157.18M | 81.57M | 44.74M | 32.41M | 23.11M |
| Selling and marketing expenses | - | - | 0.78M | - | - |
| Gross profit | 145.08M | 8.12M | 14.60M | 13.08M | 9.83M |
| Reconciled depreciation | 1.53M | 2.20M | 2.24M | 3.65M | 5.61M |
| Ebit | -44.75M | -117.91M | -72.23M | -38.77M | -33.80M |
| Ebitda | -43.22M | -115.71M | -70.05M | -37.68M | -33.76M |
| Depreciation and amortization | 1.53M | 2.20M | 2.18M | 1.09M | 0.03M |
| Operating income | -51.38M | -121.29M | -73.38M | -38.77M | -33.80M |
| Other operating expenses | 209.70M | 135.29M | 90.87M | 54.70M | 46.65M |
| Interest expense | 24.17M | 12.49M | 6.27M | 2.34M | 0.82M |
| Interest income | 6.62M | 7.65M | 3.18M | 1.09M | 0.03M |
| Net interest income | -17.55M | -4.83M | -1.83M | -1.25M | -0.78M |
| Income tax expense | - | - | -2.18M | -2.65M | -4.80M |
| Total revenue | 158.32M | 14.00M | 17.49M | 15.94M | 12.85M |
| Total operating expenses | 196.45M | 129.41M | 87.98M | 51.85M | 43.63M |
| Cost of revenue | 13.24M | 5.88M | 2.89M | 2.86M | 3.02M |
| Total other income expense net | -17.55M | -9.10M | -5.12M | -2.25M | -0.78M |
| Net income from continuing ops | -68.92M | -130.39M | -57.59M | -41.02M | -34.58M |
| Net income applicable to common shares | - | - | - | -41.02M | -34.58M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 327.93M | 230.31M | 120.43M | 129.20M | 93.73M |
| Intangible assets | 2.95M | 3.16M | 3.43M | 3.73M | 4.39M |
| Other current assets | -54.09M | 5.67M | 2.16M | 1.51M | 0.79M |
| Total liab | 283.19M | 153.04M | 73.14M | 38.78M | 28.46M |
| Total stockholder equity | 44.75M | 77.28M | 47.29M | -350.60M | -309.58M |
| Deferred long term liab | - | - | - | 8.60M | 10.14M |
| Other current liab | 73.20M | 18.66M | 16.02M | 5.52M | 5.17M |
| Common stock | 0.09M | 0.09M | 0.07M | 0.06M | 0.05M |
| Capital stock | 0.09M | 0.09M | 0.07M | 0.06M | 0.05M |
| Retained earnings | -626.31M | -559.49M | -429.10M | -350.60M | -309.58M |
| Other liab | - | - | - | 6.59M | 6.14M |
| Good will | 3.90M | 3.90M | 3.90M | 3.90M | 3.90M |
| Other assets | - | - | 0.00M | 129.20M | 16.73M |
| Cash | 190.68M | 176.48M | 83.68M | 93.28M | 57.49M |
| Total current liabilities | 135.77M | 41.78M | 18.55M | 8.80M | 7.33M |
| Net debt | 7.25M | -54.09M | -80.18M | -68.82M | -41.42M |
| Short term debt | 58.89M | 18.43M | 1.14M | 1.08M | 1.09M |
| Short long term debt | 58.41M | 18.02M | - | - | - |
| Short long term debt total | 197.93M | 122.39M | 3.50M | 24.46M | 16.08M |
| Other stockholder equity | 670.97M | 636.68M | 476.32M | -0.06M | -0.05M |
| Property plant equipment | - | - | - | 6.25M | 7.43M |
| Total current assets | 190.68M | 185.10M | 89.90M | 99.81M | 61.28M |
| Net tangible assets | - | - | - | 82.79M | 56.97M |
| Net receivables | 54.09M | 2.72M | 4.06M | 5.02M | 2.99M |
| Long term debt | 132.94M | 97.37M | - | 19.88M | 10.41M |
| Inventory | 23.80M | 0.24M | 0.00M | - | - |
| Accounts payable | 3.68M | 4.69M | 1.40M | 2.20M | 1.07M |
| Non currrent assets other | 126.89M | 25.66M | 14.92M | 15.51M | 16.73M |
| Non current assets total | 137.25M | 45.21M | 30.53M | 29.39M | 32.45M |
| Capital lease obligations | 6.59M | 7.00M | 3.50M | 4.58M | 5.67M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -8.44M | -11.57M | -0.59M | -0.11M |
| Change to liabilities | - | - | - | 0.81M | -7.56M |
| Total cashflows from investing activities | -6.34M | -8.44M | -11.29M | -0.59M | -0.11M |
| Net borrowings | 53.82M | 52.50M | 17.72M | 8.96M | -0.42M |
| Total cash from financing activities | 59.73M | 194.66M | 43.25M | 64.96M | 26.32M |
| Change to operating activities | - | - | - | -0.94M | -1.83M |
| Net income | -68.92M | -130.39M | -78.50M | -41.02M | -34.58M |
| Change in cash | 14.20M | 92.80M | -9.60M | 35.79M | -7.82M |
| Begin period cash flow | 176.48M | 83.68M | 93.28M | 57.49M | 65.32M |
| End period cash flow | 190.68M | 176.48M | 83.68M | 93.28M | 57.49M |
| Total cash from operating activities | -35.69M | -93.42M | -41.56M | -28.59M | -34.04M |
| Issuance of capital stock | 0.00M | 138.55M | 24.24M | 54.46M | 21.71M |
| Depreciation | 1.53M | 2.20M | 2.18M | 3.65M | 5.61M |
| Other cashflows from investing activities | -2.00M | -3.49M | -10.00M | - | - |
| Change to inventory | -22.99M | -0.24M | 0.00M | - | -1.73M |
| Change to account receivables | -51.37M | 1.34M | 0.96M | -2.03M | -2.99M |
| Other cashflows from financing activities | 1.08M | 3.61M | -0.36M | 21.31M | 15.44M |
| Change to netincome | - | - | - | 10.94M | 7.31M |
| Capital expenditures | 4.34M | 4.95M | 1.29M | 0.59M | 0.11M |
| Change in working capital | -24.18M | -4.79M | 5.87M | -2.16M | -12.38M |
| Stock based compensation | 29.47M | 18.81M | 10.09M | 9.30M | 6.75M |
| Other non cash items | 26.42M | 20.76M | 18.80M | 1.64M | 0.52M |
| Free cash flow | -40.02M | -98.37M | -42.85M | -29.18M | -34.14M |
Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LQDA Liquidia Technologies Inc |
- -% |
44.40 | 46.94 | 10.19 | 13.05 | 29.97 | 12.74 | 32.31 |
| MKKGY Merck KGaA ADR |
-0.22 0.66% |
33.17 | 21.25 | 14.93 | 3.10 | 2.14 | 3.60 | 12.98 |
| MKGAF MERCK Kommanditgesellschaft auf Aktien |
-2.76 1.62% |
167.12 | 24.86 | 15.11 | 3.13 | 1.98 | 3.08 | 18.89 |
| TAK Takeda Pharmaceutical Co Ltd ADR |
-0.17 0.80% |
21.02 | - | 10.96 | 0.01 | 1.20 | 2.94 | 23.11 |
| TKPHF Takeda Pharmaceutical Co. Ltd. |
- -% |
41.85 | - | 10.66 | 0.01 | 1.16 | 2.94 | 23.11 |
Liquidia Corporation, a biopharmaceutical company, develops, manufactures, and commercializes various products for rare cardiopulmonary diseases in the United States. The company's lead product candidates include YUTREPIA, an inhaled dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). It also provides Remodulin, a treprostinil injection administered through continuous intravenous and subcutaneous infusion; and develops L606, an investigational liposomal formulation of treprostinil which is in phase III clinical trial for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). In addition, the company offers PRINT technology which allows to engineer and manufacture uniform drug particles with precise control over the size, three-dimensional geometric shape, and chemical composition of the particles. It has a license agreement with Pharmosa Biopharm Inc to develop and commercialize L606, an inhaled sustained-release formulation of Treprostinil for the treatment of PAH and PH-ILD; Vectura; The University of North Carolina at Chapel Hill; GlaxoSmithKline; Alcon Inc; and promotion Agreement with Sandoz. Liquidia Corporation was founded in 2004 and is based in Morrisville, North Carolina.
| Name | Title | Year Born |
|---|---|---|
| Dr. Roger A. Jeffs Ph.D. | CEO & Director | 1962 |
| Mr. Robert A. Lippe | Chief Operations Officer | 1965 |
| Dr. Tushar Shah M.D. | Sr. VP of Product Devel. | 1961 |
| Mr. William R. Kenan Jr. | Co-Founder | NA |
| Dr. Ginger Denison | Co-Founder | NA |
| Mr. Michael Kaseta | Chief Financial Officer | 1976 |
| Jennifer Almond | Director of Investor Relations & Corp. Communications | NA |
| Mr. Russell Schundler | Gen. Counsel & Corp. Sec. | 1975 |
| Mr. Jason Adair | Sr. VP of Corp. Devel. & Strategy | 1974 |
| Ms. Celia Reyes-Hoke | VP of People & Culture | NA |
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