Lucid Diagnostics 2025 Q2 Earnings Losses Narrow as Net Income Improves 59.7%

Lucid Diagnostics (LUCD) reported its fiscal 2025 Q2 earnings on August 12, 2025, delivering improved financial results with a significant reduction in losses. The company beat expectations by narrowing its net loss and raising revenue year-over-year, while also guiding for improved operating cash flow and EBITDA margin expansion.

Lucid Diagnostics generated total revenue of $1.16 million in 2025 Q2, representing a 19.2% increase from $976,000 in the same period a year ago. This growth reflects steady progress in the company’s core diagnostic services.

The company’s earnings performance showed meaningful improvement, with losses per share narrowing to $0.08 in Q2 2025 from $0.23 in Q2 2024, a 65.2% improvement. Similarly, net losses decreased to $-4.44 million from $-11.01 million in the prior-year quarter, a 59.7% reduction. Despite these improvements, the company has sustained losses in each of the last four years during the corresponding quarter, signaling continued financial pressure.

Lucid Diagnostics' stock has underperformed in the short term, with a 12.50% decline month-to-date and modest declines in the past week and day.

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CEO James T. Miller highlighted that the company is navigating a challenging diagnostic landscape by doubling down on precision oncology and expanding its biomarker-driven tests. He noted a 9% quarter-over-quarter increase in test volumes as a key growth driver and outlined plans for further investment in AI-driven diagnostics and global partnerships. Miller emphasized the recent launch of a next-gen tumor profiling platform and the company’s long-term commitment to personalized medicine, despite ongoing financial headwinds.

Lucid Diagnostics expects 2025 full-year revenue to range between $49.5 million and $51.5 million, with an anticipated improvement in operating cash flow driven by higher test volumes. The company anticipates an adjusted EBITDA margin expansion of 200 to 250 basis points and plans capital expenditures of approximately $3.2 million to enhance lab automation and digital integration. Management also aims to expand its footprint in emerging markets and maintain R&D spending at 15–17% of total revenue.