Healthcare · Biotechnology
Price
$0.61
Market Cap
$12.4M
Employees
7
Beta
0.34
Avg Volume
125,040
CEO
Richard C. Christopher
Lexaria Bioscience Corp. is a biotechnology company focused on advanced drug delivery. Its proprietary and patented DehydraTECH technology is designed to significantly improve the oral delivery of active pharmaceutical ingredients, enhancing their absorption into the bloodstream. This innovative platform has shown impressive results, boosting the bioavailability of compounds such as cannabinoids and nicotine by 5 to 10 times, and in some cannabinoid applications, by as much as 27 times, when compared to standard formulations. DehydraTECH also drastically cuts the time of onset from hours to mere minutes and effectively neutralizes unpleasant tastes. Beyond its established uses, the technology is currently under evaluation for its potential application with orally administered antiviral drugs, non-steroidal anti-inflammatory drugs (NSAIDs), PDE5 inhibitors, and various other compounds. A notable feature of DehydraTECH is its capacity to facilitate the passage of drugs across the blood-brain barrier. The company operates a licensed internal research facility and holds a substantial intellectual property portfolio, comprising 23 granted patents and roughly 50 pending patent applications globally. Founded in 2004, Lexaria Bioscience Corp. is headquartered in Kelowna, Canada.
Runs with full report
Price Overview
Last updated: Jul 8, 2026 11:32pm (just now)
Current data · timestamped when a report runs
$0.61
Change · Jul 8
+0.07 (+14.09%)
Day Range
$0.52 – $0.61
52-Week Range
$0.46 – $1.55
50-Day MA
$0.62
200-Day MA
$0.81
Volume
182,767.00
Analyst Price Targets
Low
$1.50
Consensus
$1.50
High
$1.50
(1 analysts)
Share Structure
Outstanding
20,444,444.00
Float
19,081,261.00
Free Float
93.3%
High free float
— 93.3% of shares trade freely, ~6.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.92
Stock Price: $0.61
EPS (Diluted): -0.66
EPS (Diluted): -0.66
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.30
Stock Price: $0.61
Total Equity: $2.99M
Shares: 17,998,715
Total Equity: $2.99M
Shares: 17,998,715
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.78
Market Cap: $12.37M
Total Debt: $0.00
Cash: $1.80M
EBITDA: -$11.82M
Total Debt: $0.00
Cash: $1.80M
EBITDA: -$11.82M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$14.2M
Market Cap: $12.37M
Total Debt: $0.00
Cash: $1.80M
Total Debt: $0.00
Cash: $1.80M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
22.44
Stock Price: $0.61
Revenue: $705,923
Shares: 17,998,715
Revenue: $705,923
Shares: 17,998,715
EV/Sales (Total value vs revenue — works when P/E can't)
API20.05
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
99.6%
Gross Profit: $703,203
Revenue: $705,923
Revenue: $705,923
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-1,683.0%
Operating Income: -$11.88M
Revenue: $705,923
Revenue: $705,923
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-1,686.0%
Net Income: -$11.90M
Revenue: $705,923
Revenue: $705,923
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-190.1%
Net Income: -$11.90M
Total Equity: $2.99M
Total Equity: $2.99M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-150.1%
Operating Income: -$11.88M
Tax Rate: 0.0%
Equity: $2.99M
Total Debt: $0.00
Cash: $1.80M
Tax Rate: 0.0%
Equity: $2.99M
Total Debt: $0.00
Cash: $1.80M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.32
Current Assets: $3.47M
Current Liabilities: $1.49M
Current Liabilities: $1.49M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $2.99M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $2.99M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.04
Revenue: $705,923
Shares: 17,998,715
Shares: 17,998,715
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.17
Total Equity: $2.99M
Shares: 17,998,715
Shares: 17,998,715
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.58
Operating CF: -$10.45M
CapEx: -$24,643
Shares: 17,998,715
CapEx: -$24,643
Shares: 17,998,715
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.61
Stock Price: $0.61
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$11.90M
Net Income: -$11.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares LEXX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $722,738 | $255,397 | $226,208 | $464,278 | $705,923 |
| Cost of Revenue | $175,346 | $71,841 | $31,500 | $4,822 | $2,720 |
| Gross Profit | $547,392 | $183,556 | $194,708 | $459,456 | $703,203 |
| Operating Expenses | $6.2M | $6.8M | $6.7M | $6.2M | $12.6M |
| Operating Income | -$5.7M | -$6.6M | -$6.5M | -$5.8M | -$11.9M |
| Net Income | -$4.0M | -$7.3M | -$6.7M | -$5.8M | -$11.9M |
| EBITDA | -$4.0M | -$7.3M | -$6.6M | -$5.7M | -$11.8M |
| EPS | $-0.92 | $-1.24 | $-1.01 | $-0.47 | $-0.66 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $10.9M | $5.8M | $1.4M | $6.5M | $1.8M |
| Total Current Assets | $12.4M | $7.0M | $2.2M | $7.9M | $3.5M |
| Total Assets | $13.3M | $7.8M | $3.1M | $8.9M | $4.2M |
| Current Liabilities | $153,276 | $194,036 | $267,735 | $1.1M | $1.5M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $203,265 | $201,437 | $403,908 | $1.2M | $1.6M |
| Total Equity | $13.3M | $7.9M | $3.0M | $8.0M | $3.0M |
| Retained Earnings | -$31.8M | -$39.1M | -$45.8M | -$51.6M | -$63.5M |
Cash Flow (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M | -$4.9M | -$5.9M | -$5.0M | -$10.5M |
| Capital Expenditure | $-79,493 | $-49,191 | $-169,610 | $-43,017 | $-24,643 |
| Free Cash Flow | -$4.1M | -$4.9M | -$6.1M | -$5.0M | -$10.5M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $9.6M | -$5.1M | -$4.5M | $5.1M | -$4.7M |
Analyst Estimates (Annual)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$200,000 $180,714 – $219,285
|
$1.4M $1.3M – $1.5M
|
$1.6M $1.4M – $1.7M
|
$70.2M $63.4M – $77.0M
|
| EBITDA |
$-200,000 $-219,285 – $-180,714
|
-$1.4M -$1.5M – -$1.3M
|
-$1.6M -$1.7M – -$1.4M
|
-$70.2M -$77.0M – -$63.4M
|
| Net Income |
-$4.7M -$5.3M – -$4.1M
|
-$5.6M -$6.3M – -$4.9M
|
-$5.0M -$5.7M – -$4.4M
|
$24.1M $21.1M – $27.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 8, 2026 10:23pm (1h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -64.7% | -11.4% | +105.2% | +52.0% |
| Gross Profit Growth | -66.5% | +6.1% | +136.0% | +53.1% |
| Operating Income Growth | -16.4% | +1.3% | +12.0% | -106.5% |
| Net Income Growth | -80.5% | +8.3% | +13.0% | -105.4% |
| EBITDA Growth | -81.3% | +9.8% | +12.7% | -106.3% |
Insider Trading (Recent)
Last updated: Jul 8, 2026 10:23pm (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-17 | BUNKA CHRISTOPHER | G-Gift | 100,000.00 | $0.00 | $0 |
| 2025-07-30 | BUNKA CHRISTOPHER | P-Purchase | 11,900.00 | $0.91 | $10,866 |
| 2025-07-29 | BUNKA CHRISTOPHER | P-Purchase | 15,600.00 | $0.92 | $14,375 |
| 2025-07-29 | McKechnie William Edward | P-Purchase | 5,000.00 | $0.91 | $4,532 |
| 2025-07-29 | DOCHERTY JOHN MARTIN | P-Purchase | 5,376.00 | $0.93 | $4,989 |
| 2025-07-29 | Carle Vanessa | P-Purchase | 750.00 | $0.91 | $683 |
| 2025-07-29 | CHRISTOPHER RICHARD | P-Purchase | 15,000.00 | $0.91 | $13,641 |
| 2025-05-15 | CHRISTOPHER RICHARD | A-Award | 150,000.00 | $1.04 | $156,000 |
| 2025-05-15 | BUNKA CHRISTOPHER | A-Award | 11,000.00 | $1.04 | $11,440 |
| 2025-05-15 | Carle Vanessa | A-Award | 15,000.00 | $1.04 | $15,600 |
| 2025-05-15 | DOCHERTY JOHN MARTIN | A-Award | 150,000.00 | $1.04 | $156,000 |
| 2025-05-15 | Shankman Michael Elliot | A-Award | 50,000.00 | $1.04 | $52,000 |
| 2025-05-15 | Bhullar Baljinder | A-Award | 11,000.00 | $1.04 | $11,440 |
| 2025-05-15 | Baxter Nicholas W | A-Award | 11,000.00 | $1.04 | $11,440 |
| 2025-05-15 | REESE ALBERT L JR | A-Award | 11,000.00 | $1.04 | $11,440 |
| 2025-01-14 | Bhullar Baljinder | 0.00 | $0.00 | $0 | |
| 2025-01-07 | BUNKA CHRISTOPHER | A-Award | 100,000.00 | $0.00 | $0 |
| 2024-12-03 | CHRISTOPHER RICHARD | P-Purchase | 27,172.00 | $2.47 | $67,175 |
| 2024-12-02 | CHRISTOPHER RICHARD | P-Purchase | 22,828.00 | $2.24 | $51,217 |
| 2025-02-28 | Shankman Michael Elliot | 50,000.00 | $3.17 | $158,500 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for LEXX — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.393 · 6a8d9cc1 · 2026-07-08 21:32:56