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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Genasys Inc. (GNSS). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $17.1M, roughly 1.4× Genasys Inc.). On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs 36.4%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% CAGR vs 13.7%).

ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

ADCT vs GNSS — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.4× larger
ADCT
$23.1M
$17.1M
GNSS
Growing faster (revenue YoY)
GNSS
GNSS
+109.5% gap
GNSS
145.9%
36.4%
ADCT
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
13.7%
ADCT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ADCT
ADCT
GNSS
GNSS
Revenue
$23.1M
$17.1M
Net Profit
$-817.0K
Gross Margin
48.0%
Operating Margin
-77.7%
-2.1%
Net Margin
-4.8%
Revenue YoY
36.4%
145.9%
Net Profit YoY
80.0%
EPS (diluted)
$0.04
$-0.02

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
ADCT
ADCT
GNSS
GNSS
Q4 25
$23.1M
$17.1M
Q3 25
$15.8M
$17.0M
Q2 25
$18.1M
$9.9M
Q1 25
$17.4M
$6.9M
Q4 24
$16.9M
$6.9M
Q3 24
$18.0M
$6.7M
Q2 24
$17.0M
$7.2M
Q1 24
$17.8M
$5.7M
Net Profit
ADCT
ADCT
GNSS
GNSS
Q4 25
$-817.0K
Q3 25
$-41.0M
$-1.4M
Q2 25
$-56.6M
$-6.5M
Q1 25
$-38.6M
$-6.1M
Q4 24
$-4.1M
Q3 24
$-44.0M
$-11.4M
Q2 24
$-36.5M
$-6.7M
Q1 24
$-46.6M
$-6.9M
Gross Margin
ADCT
ADCT
GNSS
GNSS
Q4 25
48.0%
Q3 25
50.3%
Q2 25
26.3%
Q1 25
37.7%
Q4 24
45.8%
Q3 24
40.8%
Q2 24
52.8%
Q1 24
37.9%
Operating Margin
ADCT
ADCT
GNSS
GNSS
Q4 25
-77.7%
-2.1%
Q3 25
-196.6%
7.7%
Q2 25
-244.1%
-60.1%
Q1 25
-163.5%
-90.2%
Q4 24
-191.8%
-85.6%
Q3 24
-197.4%
-105.8%
Q2 24
-170.5%
-74.8%
Q1 24
-188.3%
-121.9%
Net Margin
ADCT
ADCT
GNSS
GNSS
Q4 25
-4.8%
Q3 25
-260.1%
-8.3%
Q2 25
-313.2%
-65.8%
Q1 25
-221.8%
-88.6%
Q4 24
-58.8%
Q3 24
-244.1%
-168.9%
Q2 24
-214.6%
-93.2%
Q1 24
-261.1%
-120.9%
EPS (diluted)
ADCT
ADCT
GNSS
GNSS
Q4 25
$0.04
$-0.02
Q3 25
$-0.30
$-0.03
Q2 25
$-0.50
$-0.14
Q1 25
$-0.36
$-0.14
Q4 24
$-0.26
$-0.09
Q3 24
$-0.42
$-0.26
Q2 24
$-0.38
$-0.15
Q1 24
$-0.56
$-0.16

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
GNSS
GNSS
Cash + ST InvestmentsLiquidity on hand
$261.3M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$1.8M
Total Assets
$323.1M
$67.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
GNSS
GNSS
Q4 25
$261.3M
$10.3M
Q3 25
$234.7M
$8.0M
Q2 25
$264.6M
$5.5M
Q1 25
$194.7M
$7.1M
Q4 24
$250.9M
$13.6M
Q3 24
$274.3M
$12.9M
Q2 24
$300.1M
$12.7M
Q1 24
$234.3M
$6.6M
Stockholders' Equity
ADCT
ADCT
GNSS
GNSS
Q4 25
$-185.8M
$1.8M
Q3 25
$-238.2M
$2.2M
Q2 25
$-199.2M
$3.2M
Q1 25
$-238.2M
$8.1M
Q4 24
$-202.6M
$13.7M
Q3 24
$-171.9M
$17.6M
Q2 24
$-131.7M
$28.5M
Q1 24
$-194.4M
$34.9M
Total Assets
ADCT
ADCT
GNSS
GNSS
Q4 25
$323.1M
$67.6M
Q3 25
$289.8M
$63.9M
Q2 25
$321.6M
$57.4M
Q1 25
$272.5M
$49.7M
Q4 24
$322.0M
$54.6M
Q3 24
$349.1M
$53.9M
Q2 24
$371.8M
$59.4M
Q1 24
$308.0M
$51.0M

Cash Flow & Capital Efficiency

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

Metric
ADCT
ADCT
GNSS
GNSS
Operating Cash FlowLast quarter
$-31.1M
$7.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
GNSS
GNSS
Q4 25
$-31.1M
$7.2M
Q3 25
$-29.6M
$2.5M
Q2 25
$-24.1M
$-5.9M
Q1 25
$-56.3M
$-6.3M
Q4 24
$-21.9M
$947.0K
Q3 24
$-25.0M
$556.0K
Q2 24
$-32.8M
$-7.5M
Q1 24
$-44.1M
$-6.8M
Free Cash Flow
ADCT
ADCT
GNSS
GNSS
Q4 25
Q3 25
$2.5M
Q2 25
$-5.9M
Q1 25
$-56.6M
$-6.5M
Q4 24
$-21.9M
$878.0K
Q3 24
$-25.3M
$526.0K
Q2 24
$-32.9M
$-7.5M
Q1 24
$-44.6M
$-6.8M
FCF Margin
ADCT
ADCT
GNSS
GNSS
Q4 25
Q3 25
14.5%
Q2 25
-59.9%
Q1 25
-325.2%
-93.4%
Q4 24
-129.8%
12.7%
Q3 24
-140.2%
7.8%
Q2 24
-193.0%
-105.0%
Q1 24
-250.0%
-118.1%
Capex Intensity
ADCT
ADCT
GNSS
GNSS
Q4 25
0.0%
0.0%
Q3 25
0.0%
0.2%
Q2 25
0.0%
0.1%
Q1 25
1.5%
2.2%
Q4 24
0.5%
1.0%
Q3 24
1.2%
0.4%
Q2 24
0.2%
0.1%
Q1 24
3.0%
0.2%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

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