vs

Side-by-side financial comparison of Amber International Holding Ltd (AMBR) and Pulmatrix, Inc. (PULM). Click either name above to swap in a different company.

Amber International Holding Ltd is the larger business by last-quarter revenue ($1.9M vs $1.6M, roughly 1.2× Pulmatrix, Inc.). Amber International Holding Ltd runs the higher net margin — 87.5% vs -374.4%, a 462.0% gap on every dollar of revenue.

Amber Road, Inc. (NYSE: AMBR) was a US-based software company specializing in Global Trade Management (GTM) solutions. It was acquired by E2open in 2019.

Pulmatrix, Inc. is a clinical-stage biopharmaceutical firm specializing in developing innovative inhaled therapies for severe respiratory diseases including chronic obstructive pulmonary disease, cystic fibrosis and idiopathic pulmonary fibrosis. It uses its proprietary dry powder platform to improve inhaled medication efficacy and safety, advancing its product candidate pipeline via partnerships with global pharmaceutical players.

AMBR vs PULM — Head-to-Head

Bigger by revenue
AMBR
AMBR
1.2× larger
AMBR
$1.9M
$1.6M
PULM
Higher net margin
AMBR
AMBR
462.0% more per $
AMBR
87.5%
-374.4%
PULM

Income Statement — Q2 FY2025 vs Q2 FY2024

Metric
AMBR
AMBR
PULM
PULM
Revenue
$1.9M
$1.6M
Net Profit
$1.6M
$-5.8M
Gross Margin
39.9%
Operating Margin
1.5%
-380.2%
Net Margin
87.5%
-374.4%
Revenue YoY
-15.8%
Net Profit YoY
-52.3%
EPS (diluted)
$0.02
$-1.59

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
AMBR
AMBR
PULM
PULM
Q2 25
$1.9M
Q2 24
$1.6M
Q1 24
$5.9M
Q4 23
$2.2M
Q3 23
$1.8M
Q2 23
$1.8M
Q1 23
$1.5M
Q4 22
$1.7M
Net Profit
AMBR
AMBR
PULM
PULM
Q2 25
$1.6M
Q2 24
$-5.8M
Q1 24
$825.0K
Q4 23
$-2.1M
Q3 23
$-3.8M
Q2 23
$-3.8M
Q1 23
$-4.4M
Q4 22
$-4.2M
Gross Margin
AMBR
AMBR
PULM
PULM
Q2 25
39.9%
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Operating Margin
AMBR
AMBR
PULM
PULM
Q2 25
1.5%
Q2 24
-380.2%
Q1 24
12.7%
Q4 23
-101.0%
Q3 23
-224.7%
Q2 23
-216.4%
Q1 23
-305.9%
Q4 22
-253.2%
Net Margin
AMBR
AMBR
PULM
PULM
Q2 25
87.5%
Q2 24
-374.4%
Q1 24
14.0%
Q4 23
-94.6%
Q3 23
-215.3%
Q2 23
-206.9%
Q1 23
-296.7%
Q4 22
-246.8%
EPS (diluted)
AMBR
AMBR
PULM
PULM
Q2 25
$0.02
Q2 24
$-1.59
Q1 24
$0.23
Q4 23
$-0.58
Q3 23
$-1.03
Q2 23
$-1.04
Q1 23
$-1.22
Q4 22

Balance Sheet & Financial Strength

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

Metric
AMBR
AMBR
PULM
PULM
Cash + ST InvestmentsLiquidity on hand
$25.8M
$12.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$91.3M
$13.3M
Total Assets
$248.2M
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBR
AMBR
PULM
PULM
Q2 25
$25.8M
Q2 24
$12.4M
Q1 24
$16.3M
Q4 23
$19.2M
Q3 23
$21.3M
Q2 23
$25.8M
Q1 23
$30.8M
Q4 22
$35.6M
Stockholders' Equity
AMBR
AMBR
PULM
PULM
Q2 25
$91.3M
Q2 24
$13.3M
Q1 24
$19.0M
Q4 23
$18.0M
Q3 23
$19.9M
Q2 23
$23.4M
Q1 23
$27.0M
Q4 22
$31.1M
Total Assets
AMBR
AMBR
PULM
PULM
Q2 25
$248.2M
Q2 24
$15.8M
Q1 24
$30.4M
Q4 23
$34.0M
Q3 23
$36.8M
Q2 23
$31.4M
Q1 23
$36.1M
Q4 22
$41.0M

Cash Flow & Capital Efficiency

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

Metric
AMBR
AMBR
PULM
PULM
Operating Cash FlowLast quarter
$-4.1M
$-3.7M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
-2.49×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBR
AMBR
PULM
PULM
Q2 25
$-4.1M
Q2 24
$-3.7M
Q1 24
$-2.7M
Q4 23
$-2.0M
Q3 23
$-4.1M
Q2 23
$-4.9M
Q1 23
$-4.9M
Q4 22
$-5.0M
Free Cash Flow
AMBR
AMBR
PULM
PULM
Q2 25
Q2 24
$-3.9M
Q1 24
$-2.9M
Q4 23
Q3 23
$-4.5M
Q2 23
Q1 23
Q4 22
$-5.1M
FCF Margin
AMBR
AMBR
PULM
PULM
Q2 25
Q2 24
-252.6%
Q1 24
-48.8%
Q4 23
Q3 23
-254.1%
Q2 23
Q1 23
Q4 22
-296.0%
Capex Intensity
AMBR
AMBR
PULM
PULM
Q2 25
Q2 24
15.7%
Q1 24
2.6%
Q4 23
Q3 23
17.9%
Q2 23
Q1 23
Q4 22
0.5%
Cash Conversion
AMBR
AMBR
PULM
PULM
Q2 25
-2.49×
Q2 24
Q1 24
-3.30×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

Related Comparisons