Lyra Therapeutics (LYRA) AI Stock Analysis

• Market Cap: $13.55M
• Dividend Yield: N/A
• Average Volume (3M): 428.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: -29.46%
• EPS Growth: 2.71%
• Country: US
• Employees: 30
• Sector: Healthcare
• Sector Strength: 40
• Industry: Biotechnology
• EPS (TTM): -6.50
• Shares Outstanding: 1,598,357
• 10 Day Avg. Volume: 46,477
• 30 Day Avg. Volume: 428,831
• PEG Ratio: -0.41
• Price to Book (P/B): 144.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.24
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 2.54
• Enterprise Value/Gross Profit: -1.26
• Enterprise Value/Ebitda: -0.06
• 1Y Price Target: $23.00
• Price Target Upside: 169.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: $9.50 ▲(11.37%Upside)

Lyra Therapeutics has a mixed outlook. The company's financial challenges and negative valuation metrics are significant concerns. However, positive corporate events, including compliance with Nasdaq requirements and successful trial results, provide optimistic prospects for future growth and strategic positioning.

Positive Factors

Clinical Trial Success

The ENLIGHTEN-2 trial achieved its primary endpoint with statistically significant improvement in the composite of the three cardinal symptoms of chronic rhinosinusitis for patients without nasal polyps.

Financial Stability

The company has cash of $31.7M, which it estimates will provide runway into the first quarter of 2026.

Regulatory Progress

LYRA has gained alignment with the FDA around a potential Phase 3 trial design including co-primary endpoints and inclusion criteria.

Negative Factors

Clinical Trial Failure

The ENLIGHTEN-1 trial failed to demonstrate statistically significant CRS benefit, contrasting with the success of the ENLIGHTEN-2 trial.

Market Perception

Shares are seen as range-bound without a meaningful data catalyst, leading to a Neutral rating reiteration.

Regulatory Risk

The company announced plans to implement a reverse stock split to maintain compliance with NASDAQ listing standards.

Lyra Therapeutics Business Overview & Revenue Model

Company Description

Lyra Therapeutics, Inc. is a clinical-stage therapeutics company specializing in the development of innovative treatments for ear, nose, and throat (ENT) diseases. Focused on utilizing its proprietary XTreo platform, Lyra aims to address unmet medical needs through the use of bioresorbable polymeric matrices designed to deliver drugs directly to target tissues over an extended period. The company's lead product candidates are aimed at treating chronic rhinosinusitis, a prevalent inflammatory condition of the nasal passages.

How the Company Makes Money

Lyra Therapeutics primarily generates revenue through the development and potential commercialization of its therapeutic products. The company focuses on advancing its drug delivery platform and product candidates through clinical trials, seeking regulatory approvals to eventually bring these products to market. Revenue streams are expected to come from the sale of approved products, partnerships, and collaborations with other pharmaceutical companies, as well as potential licensing agreements. However, as a clinical-stage company, Lyra currently depends on funding from investors and strategic partnerships to finance its research and development activities until its products are commercially viable.

Lyra Therapeutics Financial Statement Overview

Summary

Lyra Therapeutics faces financial challenges, with consistent losses and negative cash flows. Despite some operational cash efficiency, the company's high leverage and shrinking equity base pose significant risks, necessitating strategic adjustments to improve profitability.

Income Statement

Lyra Therapeutics has experienced a decrease in total revenue from $1,558,000 in 2023 to $1,534,000 in 2024. The net profit margin remains negative, reflecting ongoing losses. Despite revenue growth in prior years, the company struggles with high operating losses, as evidenced by the negative EBIT and EBITDA margins.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating higher leverage, but remains manageable. Stockholders' equity has decreased significantly, suggesting potential financial instability. Despite a high equity ratio, the reduction in total assets and equity raises concerns about long-term sustainability.

Cash Flow

Lyra has a negative free cash flow, indicating cash outflows exceeding inflows. Operating cash flow remains negative, though there is a high operating cash flow to net income ratio, reflecting cash efficiency in operations. However, the reliance on financing activities for cash inflows indicates a need for external funding.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.53M	1.56M	1.36M	285.00K	0.00
Gross Profit	1.06M	1.56M	296.00K	-716.00K	-95.00K
EBITDA	-60.26M	-65.25M	-53.92M	-42.61M	-22.11M
Net Income	-93.44M	-62.68M	-55.28M	-42.41M	-22.05M
Balance Sheet
Total Assets	66.35M	142.60M	109.97M	54.87M	80.83M
Cash, Cash Equivalents and Short-Term Investments	40.58M	102.75M	97.89M	45.75M	74.59M
Total Debt	34.38M	26.88M	2.22M	1.45M	2.44M
Total Liabilities	54.75M	53.18M	29.21M	20.55M	6.34M
Stockholders Equity	11.59M	89.42M	80.75M	34.32M	74.49M
Cash Flow
Free Cash Flow	-72.35M	-64.35M	-43.55M	-29.20M	-22.92M
Operating Cash Flow	-70.01M	-63.30M	-43.38M	-25.82M	-21.14M
Investing Cash Flow	80.31M	-12.58M	-65.01M	-3.38M	-1.77M
Financing Cash Flow	8.53M	65.69M	96.26M	359.00K	87.70M

Lyra Therapeutics Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.53
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LYRA, the sentiment is Negative. The current price of 8.53 is below the 20-day moving average (MA) of 9.80, below the 50-day MA of 9.95, and below the 200-day MA of 9.56, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 43.00 is Neutral, neither overbought nor oversold. The STOCH value of 28.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LYRA.

Lyra Therapeutics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LYRA	54 Neutral	$13.55M	―	-195.46%	―	-29.46%	2.71%
Sector *	52 Neutral	$7.39B	>-0.01	-63.86%	2.36%	16.15%	0.36%
BCLI	40 Underperform	$11.81M	―	234.90%	―	―	62.35%
SPRB	35 Underperform	$4.08M	―	-135.33%	―	-51.32%	-1.76%
GTBP	34 Underperform	$6.30M	―	-538.87%	―	―	-26.02%

Lyra Therapeutics Corporate Events

Lyra Therapeutics Secures $4.3M in Direct Offering

On June 26, 2025, Lyra Therapeutics entered into a securities purchase agreement with accredited and institutional investors, resulting in a registered direct offering and concurrent private placement of shares and warrants, expected to yield approximately $4.3 million in net proceeds. The funds are intended for working capital and potential clinical development of LYR-210, reflecting the company’s strategic efforts to advance its product pipeline despite past challenges, including the failure to meet the primary endpoint in a Phase 3 clinical trial and significant workforce reductions.

The most recent analyst rating on (LYRA) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Lyra Therapeutics stock, see the LYRA Stock Forecast page.

Lyra Therapeutics Regains Nasdaq Compliance in June 2025

On June 13, 2025, Lyra Therapeutics, Inc. received a notification from Nasdaq confirming that its common stock maintained a minimum bid price of $1.00 or more for 12 consecutive business days, from May 28, 2025, to June 12, 2025. This achievement means the company has regained compliance with Nasdaq’s Listing Rule 5550(a)(2), closing the matter.

The most recent analyst rating on (LYRA) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Lyra Therapeutics stock, see the LYRA Stock Forecast page.

Lyra Therapeutics Unveils Strategic Plans for LYR-210

On June 9, 2025, Lyra Therapeutics announced the posting of a corporate presentation detailing their progress and strategic plans for LYR-210, following the successful ENLIGHTEN 2 Phase 3 trial. The company aims to advance LYR-210 for CRS with polyp indication, with a Phase 3 trial planned for early 2026, highlighting its commitment to addressing the needs of CRS patients and expanding its pipeline opportunities.

The most recent analyst rating on (LYRA) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Lyra Therapeutics stock, see the LYRA Stock Forecast page.

Lyra Therapeutics Announces Positive Phase 3 Trial Results

On June 2, 2025, Lyra Therapeutics announced positive results from the ENLIGHTEN 2 Phase 3 clinical trial of LYR-210, which met its primary and key secondary endpoints for treating chronic rhinosinusitis (CRS) at 24 weeks. The trial demonstrated statistically significant improvements in symptoms for patients both with and without nasal polyps, positioning Lyra to advance regulatory strategies and potentially become a leader in CRS treatment.

The most recent analyst rating on (LYRA) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Lyra Therapeutics stock, see the LYRA Stock Forecast page.

Lyra Therapeutics Announces Reverse Stock Split Decision

On May 14, 2025, Lyra Therapeutics held its Annual Meeting of Stockholders where key decisions were made, including the election of two Class II Directors and the approval of a reverse stock split. The reverse stock split, set at a ratio of 1-for-50, will become effective on May 27, 2025, with trading on a split-adjusted basis commencing on May 28, 2025. This strategic move is aimed at consolidating shares to potentially enhance the stock’s marketability and meet trading requirements.

The most recent analyst rating on (LYRA) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Lyra Therapeutics stock, see the LYRA Stock Forecast page.