Lucid Diagnostics Inc. operates as a commercial-stage medical diagnostics technology company in the United States. The company focuses on patients with gastroesophageal reflux disease (GERD) who are at risk of developing esophageal precancer and cancer, primarily highly lethal esophageal adenocarcinoma. Its flagship product, the EsoGuard Esophageal DNA Test performed on samples collected with the EsoCheck Esophageal Cell collection device, a testing tool with the goal of preventing EAC deaths through early detection of esophageal precancer in at-risk GERD patients. The company was incorporated in 2018 and is based in New York, New York. Lucid Diagnostics Inc. operates as a subsidiary of PAVmed Inc.
Analyst Outlook | Price targets range from $2.00 to $7.50, reflecting mixed sentiment on Lucid's prospects amid recent test volume fluctuations and revenue challenges |
Financial Hurdles | Despite 40% revenue growth, Lucid faces profitability challenges with negative margins and cash burn, highlighting the importance of securing reimbursement |
Reimbursement Quest | The company nears a crucial Medicare coverage milestone for EsoGuard, which could transform its business model from volume-focused to revenue-driven |
Market Potential | Lucid Diagnostics targets a $25 billion BE-EAC screening market in the US, positioning its EsoGuard/EsoCheck offerings as potential industry standards |
Metrics to compare | LUCD | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipLUCDPeersSector | |
|---|---|---|---|---|
P/E Ratio | −2.8x | −0.2x | −0.5x | |
PEG Ratio | −0.09 | 0.22 | 0.00 | |
Price / Book | −6.4x | 1.2x | 2.6x | |
Price / LTM Sales | 41.6x | 1.9x | 3.3x | |
Upside (Analyst Target) | 126.4% | 58.7% | 47.0% | |
Fair Value Upside | Unlock | 24.3% | 6.1% | Unlock |