LNAI - Lunai Bioworks Inc. Stock Analysis | Stock Taper
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Lunai Bioworks Inc.

LNAI

Lunai Bioworks Inc. NASDAQ
$0.39 5.26% (+0.02)

Market Cap $6.59 M
52w High $10.30
52w Low $0.36
P/E -0.05
Volume 240.73K
Outstanding Shares 17.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $1.81M $-1.8M 0% $-0.08 $-1.81M
Q1-2025 $0 $2.43M $2.82M 0% $0.13 $-2.43M
Q4-2024 $0 $4.08M $-126.73M 0% $-7.61 $-4.08M
Q3-2024 $0 $4.16M $189.18K 0% $0.01 $409.84K
Q2-2024 $0 $4.55M $-7.25M 0% $-0.4 $-7.1M

What's going well?

Operating losses are shrinking, and overhead costs have come down compared to last quarter. The company is spending on R&D, which could pay off if it can eventually launch products or services.

What's concerning?

There is still no revenue, and the company is burning through cash with high expenses. Last quarter's profit was a fluke from a one-time gain, not from real business activity. Share dilution is also hurting existing shareholders.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $491.64K $6.67M $20.22M $-13.55M
Q1-2025 $624.81K $6.96M $20M $-13.04M
Q4-2024 $480.55K $8.23M $29.58M $-21.35M
Q3-2024 $1.63M $117.73M $29.34M $88.39M
Q2-2024 $311.76K $111.34M $29.28M $82.06M

What's financially strong about this company?

There is a large amount of additional paid-in capital, and no unusual or hidden liabilities stand out. Lease obligations are not a major burden.

What are the financial risks or weaknesses?

The company has negative equity, almost no cash, and more than $20 million in bills due soon. Most assets are intangible, and debt is rising while cash is falling.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-1.8M $-1.07M $-1.24K $950K $-133.16K $-1.07M
Q1-2025 $2.82M $-1.35M $544.7K $1.34M $532.11K $-1.35M
Q4-2024 $-126.73M $-1.81M $964.39K $178.36K $-830.3K $-1.81M
Q3-2024 $189.18K $-1.49M $-1.46M $3.58M $611.24K $-1.49M
Q2-2024 $-7.25M $-2.56M $0 $2.59M $91.19K $-2.56M

What's strong about this company's cash flow?

Cash burn is shrinking, and the company is able to raise outside money when needed. Capital spending is very low, so most cash outflow is not tied up in big investments.

What are the cash flow concerns?

The business is losing real cash each quarter, with a short runway and growing dependence on outside funding. Issuing new shares dilutes existing owners, and there are no shareholder returns.

5-Year Trend Analysis

A comprehensive look at Lunai Bioworks Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Lunai Bioworks combines cutting‑edge AI and biotechnology in a way that is unusual even within the AI‑drug‑discovery space. Its strengths include a multi‑omics AI platform, a differentiated in‑vivo zebrafish screening system with proprietary datasets, a novel AI safety product (Sentinel) aimed at a growing concern in scientific AI, and an off‑the‑shelf dendritic cell therapy platform with promising preclinical results. Operationally, cash burn has been trending down on a cash‑flow basis, and the company has historically demonstrated an ability to raise capital and attract non‑dilutive support such as grants and early licensing interest.

! Risks

Financial risk is high. The company has no revenue, large and increasing accounting losses, negative shareholders’ equity, and constrained liquidity, all of which raise questions about sustainability without substantial new funding or major strategic transactions. Scientific and regulatory risks are significant because key programs are preclinical and may never translate into approved therapies or widespread tools. Competitive pressure from larger, better‑funded AI/biotech players is intense, and adoption of platforms like Sentinel is not guaranteed. Dilution, increased leverage, or restructuring are all plausible outcomes if progress and capital raising do not keep pace with cash needs.

Outlook

The outlook for Lunai Bioworks is highly binary and uncertain: on one side, the technology portfolio and innovation agenda offer meaningful upside if the company can secure funding, form strong partnerships, and advance key assets into the clinic and commercial settings. On the other side, the current financial profile—weak balance sheet, ongoing cash burn, and lack of revenue—creates real execution and solvency risk. Over the next few years, the story will likely be defined by a handful of milestones: clinical initiation for lead programs, concrete licensing or co‑development deals, and visible commercial uptake of Sentinel or other platform services. Until those are realized, Lunai remains a speculative, early‑stage platform with strong scientific ambition but a fragile financial foundation.