vs

Side-by-side financial comparison of Aeluma, Inc. (ALMU) and MILESTONE SCIENTIFIC INC. (MLSS). Click either name above to swap in a different company.

MILESTONE SCIENTIFIC INC. is the larger business by last-quarter revenue ($2.1M vs $1.3M, roughly 1.6× Aeluma, Inc.). MILESTONE SCIENTIFIC INC. runs the higher net margin — -53.0% vs -145.7%, a 92.7% gap on every dollar of revenue. On growth, MILESTONE SCIENTIFIC INC. posted the faster year-over-year revenue change (2.2% vs -21.1%).

Aeluma, Inc. is a U.S.-headquartered technology firm focused on the design, development, and production of high-performance optoelectronic components and semiconductor products. Its core offerings include photonic sensors and laser diodes, serving the LiDAR, 5G/6G communication, industrial sensing, and automotive markets across North America and the Asia-Pacific region.

Boston Scientific Corporation (BSC) is an American biotechnology and biomedical engineering firm and multinational manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.

ALMU vs MLSS — Head-to-Head

Bigger by revenue
MLSS
MLSS
1.6× larger
MLSS
$2.1M
$1.3M
ALMU
Growing faster (revenue YoY)
MLSS
MLSS
+23.3% gap
MLSS
2.2%
-21.1%
ALMU
Higher net margin
MLSS
MLSS
92.7% more per $
MLSS
-53.0%
-145.7%
ALMU

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ALMU
ALMU
MLSS
MLSS
Revenue
$1.3M
$2.1M
Net Profit
$-1.9M
$-1.1M
Gross Margin
27.8%
73.0%
Operating Margin
-163.6%
-52.5%
Net Margin
-145.7%
-53.0%
Revenue YoY
-21.1%
2.2%
Net Profit YoY
36.0%
46.4%
EPS (diluted)
$-0.11

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
ALMU
ALMU
MLSS
MLSS
Q4 25
$1.3M
$2.1M
Q3 25
$1.4M
$2.4M
Q2 25
$2.3M
Q1 25
$2.2M
Q4 24
$2.0M
Q3 24
$2.5M
Q2 24
$1.9M
Q1 24
$2.2M
Net Profit
ALMU
ALMU
MLSS
MLSS
Q4 25
$-1.9M
$-1.1M
Q3 25
$-1.5M
$-1.2M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q4 24
$-2.0M
Q3 24
$-1.5M
Q2 24
$223.6K
Q1 24
$-1.4M
Gross Margin
ALMU
ALMU
MLSS
MLSS
Q4 25
27.8%
73.0%
Q3 25
49.4%
69.5%
Q2 25
69.6%
Q1 25
73.8%
Q4 24
75.0%
Q3 24
73.0%
Q2 24
76.1%
Q1 24
74.5%
Operating Margin
ALMU
ALMU
MLSS
MLSS
Q4 25
-163.6%
-52.5%
Q3 25
-116.1%
-48.1%
Q2 25
-63.9%
Q1 25
-89.5%
Q4 24
-101.4%
Q3 24
-58.4%
Q2 24
-96.0%
Q1 24
-65.1%
Net Margin
ALMU
ALMU
MLSS
MLSS
Q4 25
-145.7%
-53.0%
Q3 25
-107.8%
-48.9%
Q2 25
-63.8%
Q1 25
-89.3%
Q4 24
-101.1%
Q3 24
-58.1%
Q2 24
12.1%
Q1 24
-64.1%
EPS (diluted)
ALMU
ALMU
MLSS
MLSS
Q4 25
$-0.11
Q3 25
$-0.09
$-0.01
Q2 25
Q1 25
Q4 24
Q3 24
$-0.02
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
ALMU
ALMU
MLSS
MLSS
Cash + ST InvestmentsLiquidity on hand
$38.6M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.8M
$2.8M
Total Assets
$42.6M
$7.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMU
ALMU
MLSS
MLSS
Q4 25
$38.6M
$1.1M
Q3 25
$25.9M
$1.3M
Q2 25
$1.3M
Q1 25
$2.2M
Q4 24
$3.3M
Q3 24
$4.8M
Q2 24
$5.8M
Q1 24
$5.0M
Stockholders' Equity
ALMU
ALMU
MLSS
MLSS
Q4 25
$40.8M
$2.8M
Q3 25
$40.9M
$2.5M
Q2 25
$3.3M
Q1 25
$4.5M
Q4 24
$5.8M
Q3 24
$7.2M
Q2 24
$8.0M
Q1 24
$7.5M
Total Assets
ALMU
ALMU
MLSS
MLSS
Q4 25
$42.6M
$7.8M
Q3 25
$42.7M
$8.5M
Q2 25
$8.1M
Q1 25
$9.1M
Q4 24
$9.8M
Q3 24
$11.2M
Q2 24
$12.0M
Q1 24
$11.4M

Cash Flow & Capital Efficiency

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

Metric
ALMU
ALMU
MLSS
MLSS
Operating Cash FlowLast quarter
$-251.0K
$-226.1K
Free Cash FlowOCF − Capex
$-282.0K
FCF MarginFCF / Revenue
-22.2%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMU
ALMU
MLSS
MLSS
Q4 25
$-251.0K
$-226.1K
Q3 25
$-815.0K
$81.8K
Q2 25
$-1.8M
Q1 25
$-1.0M
Q4 24
$-1.5M
Q3 24
$-973.9K
Q2 24
$783.7K
Q1 24
$-1.2M
Free Cash Flow
ALMU
ALMU
MLSS
MLSS
Q4 25
$-282.0K
Q3 25
$-1.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ALMU
ALMU
MLSS
MLSS
Q4 25
-22.2%
Q3 25
-74.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ALMU
ALMU
MLSS
MLSS
Q4 25
2.4%
Q3 25
15.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ALMU
ALMU
MLSS
MLSS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.50×
Q1 24

Financial Flow Comparison

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

Related Comparisons