Lucid Q1 Revenue at $1.26M, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Reports Q1 revenue $1.26M, consensus $1.38M. "Securing Medicare coverage remains our most important pending milestone, and our confidence in a positive outcome has not wavered," said Lishan Aklog, M.D., Lucid's Chairman and Chief Executive Officer. "We continue to build commercial momentum for EsoGuard by generating consistent demand, progressing our Medicare and VA targeting efforts, and expanding engagement with health systems and commercial payors. Together with our strengthened balance sheet, these initiatives have us well-positioned to convert EsoGuard demand to revenue and further accelerate commercialization as Medicare and other key reimbursement milestones are achieved."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy LUCD?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on LUCD
Wall Street analysts forecast LUCD stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.050
Low
3.00
Averages
4.05
High
8.25
Current: 1.050
Low
3.00
Averages
4.05
High
8.25
About LUCD
Lucid Diagnostics Inc. is a commercial-stage medical diagnostics technology company. The Company is focused on patients with gastroesophageal reflux disease (GERD), also known as chronic heartburn, acid reflux or simply reflux, that leads to esophageal precancer and cancer, specifically highly lethal esophageal adenocarcinoma (EAC). The Company’s products include EsoGuard and EsoCheck. EsoGuard is a bisulfite-converted next generation sequencing (NGS) DNA assay performed on surface esophageal cells collected with EsoCheck. EsoCheck is a noninvasive swallowable balloon capsule catheter device capable of sampling surface esophageal cells in office procedures. It consists of a vitamin pill-sized rigid plastic capsule tethered to a thin silicone catheter from which a soft silicone balloon with textured ridges emerges to swab surface esophageal cells. It is also developing EsoCure, is an Esophageal Ablation Device, which is a technology that allows a clinician to treat dysplastic BE.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PAVmed Reports Business Expansion and Financial Update
- Financial Structure Optimization: PAVmed has simplified its capital structure and strengthened its balance sheet, enabling the company to focus on executing its core businesses and evaluate asset acquisition opportunities aligned with its long-term growth strategy, thereby laying a foundation for future expansion.
- Veris Health Progress: Veris Health continues to expand its commercial engagement with OSU-The James while advancing the FDA submission process for its implantable physiological monitor, which will enhance the company's market position in personalized cancer care.
- Lucid Diagnostics Momentum: Lucid Diagnostics has made significant progress in the commercialization of EsoGuard and strengthened its balance sheet ahead of upcoming Medicare coverage, which will support the company's future revenue growth.
- Medical Device Portfolio Relaunch: Under Joseph Virgilio's leadership, PAVmed is actively advancing its relaunched medical device portfolio while evaluating additional acquisition opportunities to enhance its market competitiveness and drive technological innovation.
See More
Lucid Diagnostics Q1 2026 Earnings Call Insights
- Testing Volume and Revenue: In Q1 2026, Lucid Diagnostics performed 3,177 EsoGuard tests, generating $1.3 million in revenue, indicating stable market demand despite a decrease from 3,664 tests in Q4 2025, which reflects the company's ability to maintain performance within its target range.
- Financing and Liquidity: The company strengthened its balance sheet with an underwritten public offering that raised approximately $16.8 million, resulting in a cash balance of $27.9 million as of March 31, 2026, and pro forma cash of $44.8 million, ensuring operational continuity and extending its runway into 2027.
- Healthcare Policy Progress: Management expressed optimism regarding the Medicare local coverage determination (LCD) despite delays, anticipating a draft publication soon, and has secured its first coverage policy with a laboratory benefit manager, expected to be made public in the coming weeks, which could drive revenue growth.
- Cost Control Measures: The average burn rate for Q1 was $12.1 million, slightly above the previous four-quarter average, yet the non-GAAP net loss per share improved to $0.07, better by $0.03 compared to the prior three quarters, demonstrating the company's efforts and effectiveness in managing operating expenses.
See More
Lucid Diagnostics Q1 Earnings Report Analysis
- Disappointing Earnings: Lucid Diagnostics reported a Q1 non-GAAP EPS of -$0.07, missing expectations by $0.01, indicating ongoing challenges in profitability that may affect investor confidence.
- Weak Revenue Growth: Despite a 51.8% year-over-year revenue increase to $1.26M, the figure fell short of expectations by $0.52M, suggesting competitive pressures that could impact future cash inflows.
- Cash Flow Concerns: As of March 31, 2026, Lucid's cash and cash equivalents stood at $27.9M, down from $34.7M on December 31, 2025, reflecting financial strain in operations and expansion efforts.
- Market Expansion Signals: Lucid Diagnostics announced expanded access in the VA market and achieved a 29% sequential growth in test volumes, indicating potential wins in Medicare and commercial payer markets that could lay the groundwork for future growth.
See More
Uber's Q1 Earnings Miss Estimates but Guidance Surpasses Expectations
- Earnings Performance: Uber reported Q1 revenue of $13.2 billion, missing the market expectation of $13.29 billion, with earnings per share at 13 cents, significantly below the expected 70 cents, indicating challenges in a complex macro environment.
- Net Income Decline: Due to the revaluation of equity investments, Uber's net income fell from $1.78 billion a year ago to $263 million, reflecting the pressure of market volatility on the company's profitability.
- Delivery Segment Growth: Uber's delivery segment achieved a 34% revenue growth to $5.07 billion, surpassing analyst expectations of $4.89 billion, demonstrating strong performance in Australia, Japan, and the UK.
- Optimistic Future Guidance: Uber expects total bookings for Q2 to range between $56.25 billion and $57.75 billion, exceeding the consensus estimate of $56.17 billion, indicating a positive outlook for future growth.
See More
Berkshire Hathaway Annual Meeting Highlights
- Record Cash Reserves: Berkshire Hathaway's cash pile reached a record $397.4 billion in Q1, indicating the company's strong financial flexibility even in a less-than-ideal investment environment, thus laying the groundwork for future investment opportunities.
- Insurance Business Recovery: The growth in operating earnings was partly attributed to a rebound in the insurance sector, highlighting that insurance remains a crucial pillar for Berkshire, enhancing its overall profitability amid economic fluctuations.
- Lackluster Shareholder Meeting: Although CEO Greg Abel performed well at the annual meeting, the turnout for the 'Berkshire Bazaar of Bargains' was noticeably lower than in previous years, reflecting waning investor interest without Warren Buffett at the helm.
- Cautious Market Outlook: Buffett noted that the current investment environment is not ideal, yet Abel's leadership style mirrors Buffett's, which may continue to attract investor confidence in the future.
See More
PAVmed to Host Business Update Conference Call
- Conference Details: PAVmed will host a business update conference call on May 15, 2026, at 8:30 AM ET, where CEO Lishan Aklog, M.D. will outline the company's operations and growth strategy, aiming to bolster investor confidence in future developments.
- Financial Results: CFO Dennis McGrath will discuss PAVmed's first quarter 2026 financial results during the call, expected to provide key financial metrics to assess the company's market performance and financial health.
- Webcast Availability: The conference call will be available via webcast on the company's investor relations section, allowing investors to dial in through specified numbers, ensuring broad dissemination and transparency of information.
- Replay Accessibility: Following the call, a replay will be available for 30 days on the investor relations section of the company's website, facilitating access for investors who could not participate live, thereby enhancing communication efficiency between the company and its investors.
See More
PAVmed Reports Business Expansion and Financial Update
- Financial Structure Optimization: PAVmed has simplified its capital structure and strengthened its balance sheet, enabling the company to focus on executing its core businesses and evaluate asset acquisition opportunities aligned with its long-term growth strategy, thereby laying a foundation for future expansion.
- Veris Health Progress: Veris Health continues to expand its commercial engagement with OSU-The James while advancing the FDA submission process for its implantable physiological monitor, which will enhance the company's market position in personalized cancer care.
- Lucid Diagnostics Momentum: Lucid Diagnostics has made significant progress in the commercialization of EsoGuard and strengthened its balance sheet ahead of upcoming Medicare coverage, which will support the company's future revenue growth.
- Medical Device Portfolio Relaunch: Under Joseph Virgilio's leadership, PAVmed is actively advancing its relaunched medical device portfolio while evaluating additional acquisition opportunities to enhance its market competitiveness and drive technological innovation.
See More
Lucid Diagnostics Q1 2026 Earnings Call Insights
- Testing Volume and Revenue: In Q1 2026, Lucid Diagnostics performed 3,177 EsoGuard tests, generating $1.3 million in revenue, indicating stable market demand despite a decrease from 3,664 tests in Q4 2025, which reflects the company's ability to maintain performance within its target range.
- Financing and Liquidity: The company strengthened its balance sheet with an underwritten public offering that raised approximately $16.8 million, resulting in a cash balance of $27.9 million as of March 31, 2026, and pro forma cash of $44.8 million, ensuring operational continuity and extending its runway into 2027.
- Healthcare Policy Progress: Management expressed optimism regarding the Medicare local coverage determination (LCD) despite delays, anticipating a draft publication soon, and has secured its first coverage policy with a laboratory benefit manager, expected to be made public in the coming weeks, which could drive revenue growth.
- Cost Control Measures: The average burn rate for Q1 was $12.1 million, slightly above the previous four-quarter average, yet the non-GAAP net loss per share improved to $0.07, better by $0.03 compared to the prior three quarters, demonstrating the company's efforts and effectiveness in managing operating expenses.
See More
Lucid Diagnostics Q1 Earnings Report Analysis
- Disappointing Earnings: Lucid Diagnostics reported a Q1 non-GAAP EPS of -$0.07, missing expectations by $0.01, indicating ongoing challenges in profitability that may affect investor confidence.
- Weak Revenue Growth: Despite a 51.8% year-over-year revenue increase to $1.26M, the figure fell short of expectations by $0.52M, suggesting competitive pressures that could impact future cash inflows.
- Cash Flow Concerns: As of March 31, 2026, Lucid's cash and cash equivalents stood at $27.9M, down from $34.7M on December 31, 2025, reflecting financial strain in operations and expansion efforts.
- Market Expansion Signals: Lucid Diagnostics announced expanded access in the VA market and achieved a 29% sequential growth in test volumes, indicating potential wins in Medicare and commercial payer markets that could lay the groundwork for future growth.
See More
Uber's Q1 Earnings Miss Estimates but Guidance Surpasses Expectations
- Earnings Performance: Uber reported Q1 revenue of $13.2 billion, missing the market expectation of $13.29 billion, with earnings per share at 13 cents, significantly below the expected 70 cents, indicating challenges in a complex macro environment.
- Net Income Decline: Due to the revaluation of equity investments, Uber's net income fell from $1.78 billion a year ago to $263 million, reflecting the pressure of market volatility on the company's profitability.
- Delivery Segment Growth: Uber's delivery segment achieved a 34% revenue growth to $5.07 billion, surpassing analyst expectations of $4.89 billion, demonstrating strong performance in Australia, Japan, and the UK.
- Optimistic Future Guidance: Uber expects total bookings for Q2 to range between $56.25 billion and $57.75 billion, exceeding the consensus estimate of $56.17 billion, indicating a positive outlook for future growth.
See More
Berkshire Hathaway Annual Meeting Highlights
- Record Cash Reserves: Berkshire Hathaway's cash pile reached a record $397.4 billion in Q1, indicating the company's strong financial flexibility even in a less-than-ideal investment environment, thus laying the groundwork for future investment opportunities.
- Insurance Business Recovery: The growth in operating earnings was partly attributed to a rebound in the insurance sector, highlighting that insurance remains a crucial pillar for Berkshire, enhancing its overall profitability amid economic fluctuations.
- Lackluster Shareholder Meeting: Although CEO Greg Abel performed well at the annual meeting, the turnout for the 'Berkshire Bazaar of Bargains' was noticeably lower than in previous years, reflecting waning investor interest without Warren Buffett at the helm.
- Cautious Market Outlook: Buffett noted that the current investment environment is not ideal, yet Abel's leadership style mirrors Buffett's, which may continue to attract investor confidence in the future.
See More
PAVmed to Host Business Update Conference Call
- Conference Details: PAVmed will host a business update conference call on May 15, 2026, at 8:30 AM ET, where CEO Lishan Aklog, M.D. will outline the company's operations and growth strategy, aiming to bolster investor confidence in future developments.
- Financial Results: CFO Dennis McGrath will discuss PAVmed's first quarter 2026 financial results during the call, expected to provide key financial metrics to assess the company's market performance and financial health.
- Webcast Availability: The conference call will be available via webcast on the company's investor relations section, allowing investors to dial in through specified numbers, ensuring broad dissemination and transparency of information.
- Replay Accessibility: Following the call, a replay will be available for 30 days on the investor relations section of the company's website, facilitating access for investors who could not participate live, thereby enhancing communication efficiency between the company and its investors.
See More
