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Side-by-side financial comparison of Aclarion, Inc. (ACON) and Hafnia Ltd (HAFN). Click either name above to swap in a different company.

Hafnia Ltd is the larger business by last-quarter revenue ($31.0K vs $18.5K, roughly 1.7× Aclarion, Inc.).

Aclarion, Inc. is a medical technology company focused on developing non-invasive solutions for chronic lower back pain diagnosis and treatment. Its core offerings leverage proprietary magnetic resonance spectroscopy technology to accurately identify painful intervertebral discs, serving healthcare providers and patients across the United States, with key focus on the chronic pain management and spinal care segments.

Hafnia Ltd is a leading global shipping firm focused on operating product and chemical tanker fleets. It transports diverse bulk liquid cargoes including refined petroleum products, specialty chemicals, and edible oils, catering to clients across the energy, chemical manufacturing, and agricultural commodity industries worldwide.

ACON vs HAFN — Head-to-Head

Bigger by revenue
HAFN
HAFN
1.7× larger
HAFN
$31.0K
$18.5K
ACON

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
ACON
ACON
HAFN
HAFN
Revenue
$18.5K
$31.0K
Net Profit
$-1.9M
Gross Margin
9.7%
Operating Margin
-10785.8%
Net Margin
-10223.7%
Revenue YoY
80.6%
Net Profit YoY
5.0%
EPS (diluted)
$1.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACON
ACON
HAFN
HAFN
Q4 25
$18.5K
Q3 25
$18.9K
Q2 25
$19.3K
Q1 25
$19.0K
Q4 24
$10.2K
Q3 24
$14.4K
Q2 24
$11.0K
Q1 24
$10.1K
$31.0K
Net Profit
ACON
ACON
HAFN
HAFN
Q4 25
$-1.9M
Q3 25
$-1.7M
Q2 25
$-1.6M
Q1 25
$-2.0M
Q4 24
$-2.0M
Q3 24
$-1.4M
Q2 24
$-1.2M
Q1 24
$-2.4M
Gross Margin
ACON
ACON
HAFN
HAFN
Q4 25
9.7%
Q3 25
23.2%
Q2 25
26.6%
Q1 25
-23.6%
Q4 24
-100.9%
Q3 24
-48.1%
Q2 24
-112.3%
Q1 24
-92.6%
Operating Margin
ACON
ACON
HAFN
HAFN
Q4 25
-10785.8%
Q3 25
-9666.2%
Q2 25
-8988.6%
Q1 25
-7856.0%
Q4 24
-17652.7%
Q3 24
-8995.3%
Q2 24
-10350.6%
Q1 24
-12609.3%
Net Margin
ACON
ACON
HAFN
HAFN
Q4 25
-10223.7%
Q3 25
-9008.0%
Q2 25
-8285.9%
Q1 25
-10728.4%
Q4 24
-19444.6%
Q3 24
-9482.7%
Q2 24
-11285.0%
Q1 24
-23720.6%
EPS (diluted)
ACON
ACON
HAFN
HAFN
Q4 25
$1.39
Q3 25
$-2.93
Q2 25
$-2.75
Q1 25
$-9.32
Q4 24
$-809.36
Q3 24
$-1321.49
Q2 24
$-1362.83
Q1 24
$-3985.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACON
ACON
HAFN
HAFN
Cash + ST InvestmentsLiquidity on hand
$12.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$12.8M
Total Assets
$13.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACON
ACON
HAFN
HAFN
Q4 25
$12.0M
Q3 25
$11.3M
Q2 25
$12.8M
Q1 25
$14.8M
Q4 24
$453.7K
Q3 24
$1.3M
Q2 24
$1.2M
Q1 24
$2.1M
Stockholders' Equity
ACON
ACON
HAFN
HAFN
Q4 25
$12.8M
Q3 25
$12.5M
Q2 25
$14.2M
Q1 25
$15.8M
Q4 24
$970.1K
Q3 24
$2.5M
Q2 24
$1.6M
Q1 24
$2.5M
Total Assets
ACON
ACON
HAFN
HAFN
Q4 25
$13.7M
Q3 25
$13.2M
Q2 25
$14.8M
Q1 25
$16.5M
Q4 24
$2.1M
Q3 24
$3.2M
Q2 24
$3.1M
Q1 24
$3.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACON
ACON
HAFN
HAFN
Operating Cash FlowLast quarter
$-1.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACON
ACON
HAFN
HAFN
Q4 25
$-1.6M
Q3 25
$-1.2M
Q2 25
$-1.9M
Q1 25
$-2.5M
Q4 24
$-922.9K
Q3 24
$-1.1M
Q2 24
$-1.1M
Q1 24
$-2.2M
Free Cash Flow
ACON
ACON
HAFN
HAFN
Q4 25
Q3 25
$-1.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACON
ACON
HAFN
HAFN
Q4 25
Q3 25
-6164.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACON
ACON
HAFN
HAFN
Q4 25
Q3 25
38.6%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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