$8.00

-0.18 (-2.20%)

Weekly Expected Move ±14.1%

$5 $6 $7 $8 $9

NASDAQ · Healthcare · Medical - Devices · Alpha Radar Strong Sell · Power 35 · $768.6M mcap · 96M float · 1.08% daily turnover · Short 26% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

43.5 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: -0.2%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. LMRI shows a Weak competitive edge (43.5/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. Negative ROIC of -0.2% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

Avg Target

High

Based on 1 analyst since May 12, 2026 earnings

Analyst Recommendations

Strong Buy: 1Buy: 1Hold: 0Sell: 0Strong Sell: 0

Rating Summary

ConsensusStrong Buy

Avg Target$12.00

Analysts2

Consensus Change History

Date	Field	From	To
2026-02-09	_new_coverage	None	ADDED

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-20	Barclays	—	$15	$9	-6	+28.6%	$7.00
2026-04-14	Barclays	—	$23	$15	-8	+55.1%	$9.67
2026-01-05	Barclays	—	Initiated	$23	—	+31.1%	$17.55
2026-01-05	Deutsche Bank	—	Initiated	$22	—	+25.4%	$17.55
2026-01-05	Leerink Partners	—	Initiated	$23	—	+31.1%	$17.55
2026-01-05	Raymond James	—	Initiated	$23	—	+31.1%	$17.55
2026-01-05	Wells Fargo	—	Initiated	$22	—	+25.4%	$17.55
2026-01-05	H.C. Wainwright	—	Initiated	$22	—	+25.4%	$17.55
2026-01-05	Jefferies	—	Initiated	$23	—	+31.1%	$17.55

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C-

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. LMRI receives an overall rating of C-. Strongest factors: P/B (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-05-18	C	C-
2026-05-12	C-	C
2026-03-27	D+	C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 21 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

—

Value

Momentum

—

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. LMRI scores highest in Earnings Quality (52/100) and lowest in Profitability (5/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.24

Distress Zone

Piotroski F-Score

3/9

✗ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗

Beneish M-Score

—

Ohlson O-Score

-5.41

Bankruptcy prob: 0.4%

Low Risk

Credit Rating

CCC

Score: 17.7/100

Earnings Quality

—

OCF/NI: -0.74x

Accruals: -2.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. LMRI scores 0.24, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. LMRI scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. LMRI's implied 0.4% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. LMRI receives an estimated rating of CCC (score: 17.7/100).

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-14.76x

PEG

-0.15x

P/S

1.00x

P/B

1.28x

P/FCF

78.83x

P/OCF

41.20x

EV/EBITDA

73.54x

EV/Revenue

3.32x

EV/EBIT

-586.60x

EV/FCF

164.97x

Earnings Yield

-3.27%

FCF Yield

1.27%

Shareholder Yield

0.00%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. LMRI currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.216

NI / EBT

Interest Burden

7.530

EBT / EBIT

EBIT Margin

-0.006

EBIT / Rev

Asset Turnover

0.295

Rev / Assets

Equity Multiplier

3.011

Assets / Equity

ROE

-4.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. LMRI's ROE of -4.6% is driven by financial leverage (equity multiplier: 3.01x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 1.22 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Assessment

Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 112 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$8.00

Median 1Y

$0.74

5th Pctile

$0.14

95th Pctile

$3.93

Ann. Volatility

97.2%

Analyst Target

$12.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Caitlin Zulla, Chief Executive Officer	$750,000	$5,430,782	$19,468,208
Tony Martin, Financial ancial Officer	$590,000	$2,427,837	$7,838,736
Julie Szeker, Legal r Chief Legal Officer and Corporate Secretary	$450,000	$2,095,813	$4,995,322

CEO Pay Ratio

875:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $19,468,208

Avg Employee Cost (SGA/emp): $22,257

Employees: 4,064

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

4,064

Revenue / Employee

$251,742

Rev: $1,023,081,000

Profit / Employee

$-11,591

NI: $-47,104,000

SGA / Employee

$22,257

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'25	Q1'26	Current
ROE	-4.9%	-4.6%	-4.60%
ROA	-1.6%	-1.5%	-1.53%
ROIC	-0.4%	-0.2%	-0.16%
ROCE	-0.5%	-0.2%	-0.19%
Gross Margin	11.1%	9.8%	9.84%
Operating Margin	-2.8%	1.8%	1.79%
Net Margin	-10.7%	0.7%	0.68%
EBITDA Margin	1.8%	7.4%	7.35%
FCF Margin	4.8%	2.0%	2.01%
OCF Margin	6.4%	3.9%	3.85%
ROIC Economic	snapshot only		-0.15%
Cash ROA	snapshot only		1.14%
Cash ROIC	snapshot only		1.35%
CROIC	snapshot only		0.70%
NOPAT Margin	snapshot only		-0.45%
Pretax Margin	snapshot only		-4.26%
R&D / Revenue	snapshot only		0.00%
SGA / Revenue	snapshot only		11.06%
SBC / Revenue	snapshot only		5.93%

Valuation

Metric	Q4'25	Q1'26	Current
P/E Ratio	-48.59	-30.60	-14.758
P/S Ratio	5.21	1.59	1.000
P/B Ratio	2.38	1.41	1.281
P/FCF	108.44	78.83	78.825
P/OCF	81.50	41.20	41.201
EV/EBITDA	466.19	73.54	73.543
EV/Revenue	8.58	3.32	3.320
EV/EBIT	-307.36	-586.60	-586.599
EV/FCF	178.62	164.97	164.967
Earnings Yield	-2.1%	-3.3%	-3.27%
FCF Yield	0.9%	1.3%	1.27%
EV/OCF	snapshot only		86.226
EV/Gross Profit	snapshot only		31.651
Shareholder Yield	snapshot only		0.00%

Leverage & Solvency

Metric	Q4'25	Q1'26	Current
Current Ratio	1.27	1.27	1.268
Quick Ratio	1.27	1.27	1.268
Debt/Equity	1.64	1.64	1.639
Net Debt/Equity	1.54	1.54	1.539
Debt/Assets	0.54	0.54	0.545
Debt/EBITDA	195.11	40.91	40.907
Net Debt/EBITDA	183.16	38.40	38.403
Interest Coverage	-0.27	-0.07	-0.066
Equity Multiplier	3.01	3.01	3.011
Cash Ratio	snapshot only		0.328
Debt Service Coverage	snapshot only		0.530
Cash to Debt	snapshot only		0.061
FCF to Debt	snapshot only		0.011
Defensive Interval	snapshot only		1330.4 days

Efficiency & Turnover

Metric	Q4'25	Q1'26	Current
Asset Turnover	0.15	0.29	0.295
Inventory Turnover	—	—	—
Receivables Turnover	2.03	3.95	3.946
Payables Turnover	5.31	10.38	10.382
DSO	180	92	92.5 days
DIO	0	0	0.0 days
DPO	69	35	35.2 days
Cash Conversion Cycle	111	57	57.3 days
Fixed Asset Turnover	snapshot only		2.351
Cash Velocity	snapshot only		8.844
Capital Intensity	snapshot only		3.392

Growth Quality

Metric	Q4'25	Q1'26	Current
Revenue Stability	—	—	—
Earnings Stability	—	—	—
Margin Stability	—	—	—
Rev. Growth Consistency	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.000
FCF Positive Streak	0	0	0
Earnings Persistence	—	—	—
Earnings Smoothness	—	—	—
ROE Trend	—	—	—
Gross Margin Trend	—	—	—
FCF Margin Trend	—	—	—
Sustainable Growth Rate	—	—	—
Internal Growth Rate	—	—	—

Cash Flow Quality

Metric	Q4'25	Q1'26	Current
OCF/Net Income	-0.60	-0.74	-0.743
FCF/OCF	0.75	0.52	0.523
FCF/Net Income	snapshot only		-0.388
OCF/EBITDA	snapshot only		0.853
CapEx/Revenue	1.6%	1.8%	1.84%
CapEx/Depreciation	snapshot only		0.362
Accruals Ratio	-0.03	-0.03	-0.027
Sloan Accruals	snapshot only		-0.000
Cash Flow Adequacy	snapshot only		2.095

Dividends & Buybacks

Metric	Q4'25	Q1'26	Current
Dividend Yield	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00
Payout Ratio	—	—	—
FCF Payout Ratio	0.0%	0.0%	0.00%
Total Payout Ratio	—	—	—
Div. Increase Streak	—	—	—
Chowder Number	—	—	—
Buyback Yield	0.0%	0.0%	0.00%
Net Buyback Yield	-31.2%	-52.7%	-52.67%
Total Shareholder Return	-31.2%	-52.7%	-52.67%

DuPont Factors

Metric	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	1.14	1.22	1.216
Interest Burden (EBT/EBIT)	3.38	7.53	7.530
EBIT Margin	-0.03	-0.01	-0.006
Asset Turnover	0.15	0.29	0.295
Equity Multiplier	3.01	3.01	3.011

Per Share

Metric	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$-0.38	$-0.28	$-0.28
Book Value/Share	$7.78	$6.11	$6.25
Tangible Book/Share	$-3.49	$-2.74	$-2.74
Revenue/Share	$3.55	$5.42	$8.00
FCF/Share	$0.17	$0.11	$0.31
OCF/Share	$0.23	$0.21	$0.47
Cash/Share	$0.78	$0.61	$0.53
EBITDA/Share	$0.07	$0.24	$0.24
Debt/Share	$12.75	$10.01	$10.01
Net Debt/Share	$11.97	$9.40	$9.40

Academic Models

Metric	Q4'25	Q1'26	Current
Altman Z-Score	—	—	0.242
Altman Z-Prime	snapshot only		-0.263
Piotroski F-Score	3	3	3
Beneish M-Score	—	—	—
Ohlson O-Score	snapshot only		-5.412
Net-Net WC	snapshot only		$-9.91
EVA	snapshot only		$-151146550.00

Credit

Metric	Q4'25	Q1'26	Current
Credit Rating	snapshot only		CCC
Credit Score	18.00	17.69	17.688
Credit Grade	snapshot only		17
Implied Spread (bps)	snapshot only		1200.000
Industry Credit Rank	snapshot only		6
Sector Credit Rank	snapshot only		6

LMRI NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

Sign in to InsiderStreet