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Lifecore Biomedical (LFCR) investor relations material

Lifecore Biomedical Stephens Annual Investment Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Stephens Annual Investment Conference summary20 Nov, 2025

Strategic transformation and leadership

  • Transitioned from a food conglomerate to a standalone CDMO, investing in growth CapEx and building a new leadership and finance team with deep industry experience.

  • Improved cash flow, reduced costs, and increased analyst coverage, enhancing investor relations and visibility.

  • Implemented monthly operating reviews and revamped commercial and sales strategies, resulting in positive KPI trends.

Operational performance and capabilities

  • Maintains a clean regulatory track record, recently passing an FDA audit with only minor observations, boosting customer confidence.

  • Offers end-to-end services from formulation development to fill finish and secondary packaging, with a focus on sterile injectables and hyaluronic acid (HA) production.

  • One of the few U.S. suppliers of high-purity HA, supporting 20+ commercial products and long-term customer relationships, especially in ophthalmics.

Market positioning and growth drivers

  • CDMO market for sterile injectables is growing at ~10%, with U.S. onshoring and regionalization trends accelerating demand.

  • Available capacity is a key differentiator, with only 20% utilization of $300 million annual revenue capacity, and plans to reach 40% utilization midterm.

  • Late-stage pipeline includes multiple launches from 2026–2029, with large pharma and GLP-1 projects each potentially exceeding $10 million in annual revenue.

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Frequently asked questions

Lifecore Biomedical Inc, formerly Landec Corporation, is a leading developer, manufacturer, and marketer of differentiated health and wellness products for food and biomaterials markets. The Company designs, develops, and sells natural, highly functional ingredients and systems; they are used in all phases of the life cycle of foods and biomaterials. Lifecore Biomedical Inc's ingredient portfolio includes natural antioxidants, fruit acids, coconut oil derivatives, specialty starches, food protein concentrates, hydrocolloids, nutraceuticals and major health ingredients. Lifecore Biomedical Inc also has expertise in end-to-end system design of products such as personal care and wound care.

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