First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 8.9% of the 57,926 shares held after it.
4 other insiders sold within 30 days.
15 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: PRESIDENT and CEO Litton Mark James sold about $27.7K of LONA on Mar 4, 2026, the largest insider sale at the company on our record; 4 other insiders sold within 30 days and 15 funds added in the latest 13F quarter.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 5.7% of the 15,851 shares held after it.
4 other insiders sold within 30 days.
15 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CHIEF FINANCIAL OFFICER Renninger Robert sold about $4.9K of LONA on Mar 4, 2026, the largest insider sale at the company on our record; 4 other insiders sold within 30 days and 15 funds added in the latest 13F quarter.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 7.2% of the 18,376 shares held after it.
4 other insiders sold within 30 days.
15 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: GENERAL COUNSEL and CCO Worthington Mark sold about $7.1K of LONA on Mar 4, 2026, the largest insider sale at the company on our record; 4 other insiders sold within 30 days and 15 funds added in the latest 13F quarter.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 5.4% of the 25,178 shares held after it.
4 other insiders sold within 30 days.
15 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CHIEF SCIENTIFIC OFFICER CHURCH KEVIN sold about $7.3K of LONA on Mar 4, 2026, the largest insider sale at the company on our record; 4 other insiders sold within 30 days and 15 funds added in the latest 13F quarter.
First Form 4 purchase or sale (code P or S) here by this insider on our record.
The trade is 10.8% of the 15,887 shares held after it.
4 other insiders sold within 30 days.
15 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CHIEF MEDICAL OFFICER San Martin Javier sold about $9.2K of LONA on Mar 4, 2026, the largest insider sale at the company on our record; 4 other insiders sold within 30 days and 15 funds added in the latest 13F quarter.
5 transactions on record · a thin record, read with care
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
No insider has filed to sell. Watch this after a run-up.
LONA mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Simplify Propel Opportunities ETF
$1.4M position · as of 2026-06-30
1.8%
iShares Micro-Cap ETF
$199.8K position · as of 2026-06-30
0.0%
1290 VT Micro Cap Portfolio
$13.0K position · as of 2026-06-30
0.0%
Fidelity Extended Market Index Fund
$342.6K position · as of 2026-05-31
0.0%
VANGUARD EXTENDED MARKET INDEX FUND
$757.2K position · as of 2026-06-30
0.0%
Dimensional US Core Equity 1 ETF
$18.5K position · as of 2026-07-31
0.0%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Clinical pipeline
7 registered trials, 1 still running (ClinicalTrials.gov).
A status change is dated here weeks before the press release.
2
Phase 1
0 active
2
Phase 2
0 active
1
Phase 3
1 active
2
Multi-phase
0 active
Matched by sponsor name. Trials run under a subsidiary's
own name are not included.
Executive pay vs shareholder return
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$1.4M
$2.0M
$770.8K
-69%
n/a
2024
$3.2M
$1.2M
$1.4M
-76%
n/a
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
An activist crossed the 5% line with declared intent.
The record shows 15 funds added last quarter. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
fewer than four consecutive quarters of revenue filed
Revenue, TTM LONA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Single quarter
Net margin, TTM
n/a
needs four consecutive quarters of both revenue and net income
Net margin, TTM LONA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Single quarter
Free cash flow, TTM
-$62.0M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM LONA
FY Dec 2025
-$45.8M
FY Dec 2024
-$97.2M
FY Dec 2023
-$101.1M
FY Dec 2022
-$73.6M
FY Dec 2021
-$44.7M
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
-$26.0M
Sep 2024
-$23.0M
At each fiscal year end
Single quarter
Debt to equity
0.05x
long-term debt only, 2019-12-31 (79 months older than the period end); equity 2026-06-30
Debt to equity LONA
FY Dec 2025
0.06x
FY Dec 2024
0.03x
FY Dec 2023
0.01x
FY Dec 2022
0.01x
FY Dec 2021
0.00x
Jun 2026
0.05x
Mar 2026
0.03x
Dec 2025
0.06x
Sep 2025
0.06x
Jun 2025
0.05x
Mar 2025
0.04x
Dec 2024
0.03x
Sep 2024
0.03x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
-39.88x
TTM operating cash flow over long-term debt only, 2019-12-31 (79 months older than the period end)
Cash flow to debt LONA
FY Dec 2025
-29.45x
FY Dec 2024
-62.57x
FY Dec 2023
-64.88x
FY Dec 2022
-46.66x
FY Dec 2021
-27.75x
Jun 2026
-39.88x
Mar 2026
-33.46x
Dec 2025
-29.45x
Sep 2025
-33.71x
Jun 2025
-45.52x
Mar 2025
-55.40x
Dec 2024
-62.57x
Sep 2024
-62.75x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-432.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity LONA
FY Dec 2025
-291.9%
FY Dec 2024
-110.8%
FY Dec 2023
-64.4%
FY Dec 2022
-34.4%
FY Dec 2021
-18.4%
Jun 2026
-432.6%
Mar 2026
-299.7%
Dec 2025
-291.9%
Sep 2025
-89.6%
Jun 2025
-103.9%
Mar 2025
-110.8%
Dec 2024
-110.8%
Sep 2024
-102.9%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-306.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets LONA
FY Dec 2025
-140.5%
FY Dec 2024
-88.6%
FY Dec 2023
-56.2%
FY Dec 2022
-32.4%
FY Dec 2021
-17.9%
Jun 2026
-306.9%
Mar 2026
-225.5%
Dec 2025
-140.5%
Sep 2025
-65.0%
Jun 2025
-81.6%
Mar 2025
-90.2%
Dec 2024
-88.6%
Sep 2024
-80.6%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
tax provision or pre-tax income not filed for the four quarters
Return on invested capital LONA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-299.1%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed LONA
FY Dec 2025
-226.5%
FY Dec 2024
-114.0%
FY Dec 2023
-68.2%
FY Dec 2022
-37.2%
FY Dec 2021
-21.4%
Jun 2026
-299.1%
Mar 2026
-213.6%
Dec 2025
-226.5%
Sep 2025
-91.6%
Jun 2025
-106.1%
Mar 2025
-113.5%
Dec 2024
-114.0%
Sep 2024
-106.6%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing LONA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$14.8M
market value at close 2026-10-23 on 2026-08-04 shares, plus long-term debt only, 2019-12-31 (79 months older than the period end), minus cash 2026-06-30
Enterprise value LONA
FY Dec 2025
-$37.9M
FY Dec 2024
$180.1M
FY Dec 2023
$835.7M
FY Dec 2022
$1.1B
FY Dec 2021
$4.8B
Jun 2026
$55.6M
Mar 2026
$9.3M
Dec 2025
-$37.9M
Sep 2025
$144.0M
Jun 2025
$99.6M
Mar 2025
$86.4M
Dec 2024
$180.1M
Sep 2024
$104.1M
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-135.9%
TTM free cash flow over market value at close 2026-10-23
FCF yield LONA
FY Dec 2025
-153.3%
FY Dec 2024
-42.8%
FY Dec 2023
-10.9%
FY Dec 2022
-6.1%
FY Dec 2021
-0.9%
Jun 2026
-71.8%
Mar 2026
-128.3%
Dec 2025
-153.3%
Sep 2025
-32.1%
Jun 2025
-60.0%
Mar 2025
-77.3%
Dec 2024
-42.8%
Sep 2024
-56.9%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing LONA
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
LONA ranks highest on risk and compliance (87th percentile) and financial health (39th), and lowest on profitability (7th), among Pharma & Biotech peers.
Profitability
7
Inputs
Return on equity-432.6% · 9 pct, sector of 545
Return on assets-306.9% · 7 pct, sector of 691
Return on invested capitaltax provision or pre-tax income not filed for the four quarters
Return on capital employed-299.1% · 6 pct, sector of 576
Financial health
39
Inputs
Debt to equity0.05x · 63 pct, sector of 352
Cash flow to debt-39.88x · 14 pct, sector of 371
Institutional and government
27
Inputs
Funds adding, latest quarter15 · 27 pct, sector of 698
Congress net buyers, 365dno Congress trades in 365 days
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
87
Inputs
Short interest, % of float+0.4% · 87 pct, sector of 813
Recalls per $1B revenue, 3yrevenue under $50M or not filed, so a count cannot be scaled to size
EPA cases per $1B revenue, 5yrevenue under $50M or not filed, so a count cannot be scaled to size
New text in Risk Factors, latest 10-Kneeds two 10-Ks with a Risk Factors section (not 20-F filers or stubs)
3 not measured: Growth, Insider conviction, US patents
Growth needs 1 of 2 inputs, 0 present: no backlog line filed, or no year-earlier backlog; no revenue for this year and the year before
Insider conviction needs 1 of 2 inputs, 0 present: no Form 4 purchase or sale (code P or S) in 180 days; no insider trades in 180 days
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
4 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
LONA filings, in plain words
Read the full summary
1 activist Schedule 13D filing in the last 180 days declared an intent to influence the company, the largest for 36.9% of the class. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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