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Side-by-side financial comparison of Aether Holdings, Inc. (ATHR) and Iveda Solutions, Inc. (IVDA). Click either name above to swap in a different company.

Iveda Solutions, Inc. is the larger business by last-quarter revenue ($626.0K vs $338.8K, roughly 1.8× Aether Holdings, Inc.). Iveda Solutions, Inc. runs the higher net margin — -258.6% vs -382.9%, a 124.3% gap on every dollar of revenue. On growth, Aether Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -64.1%).

Aether Industries Limited is an Indian chemical manufacturing company based in Surat, Gujarat. The company specializes in producing advanced intermediates and specialty chemicals for various industries, including pharmaceuticals, agrochemicals, material sciences, and oil and gas.

Iveda Solutions, Inc. is a technology provider specializing in cloud-based AI video surveillance, IoT-enabled smart sensing, and integrated smart city solutions. It serves public sector, enterprise, and education clients across North America and Asia, with core offerings covering remote security monitoring, smart facility management, and real-time data analysis tools for public safety use cases.

ATHR vs IVDA — Head-to-Head

Bigger by revenue
IVDA
IVDA
1.8× larger
IVDA
$626.0K
$338.8K
ATHR
Growing faster (revenue YoY)
ATHR
ATHR
+63.1% gap
ATHR
-0.9%
-64.1%
IVDA
Higher net margin
IVDA
IVDA
124.3% more per $
IVDA
-258.6%
-382.9%
ATHR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ATHR
ATHR
IVDA
IVDA
Revenue
$338.8K
$626.0K
Net Profit
$-1.3M
$-1.6M
Gross Margin
80.4%
3.6%
Operating Margin
-382.9%
-262.7%
Net Margin
-382.9%
-258.6%
Revenue YoY
-0.9%
-64.1%
Net Profit YoY
-232.5%
-7.1%
EPS (diluted)
$-0.11
$-0.33

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
ATHR
ATHR
IVDA
IVDA
Q4 25
$338.8K
$626.0K
Q3 25
$1.7M
Q2 25
$342.4K
$1.5M
Q1 25
$341.9K
$1.5M
Q4 24
$1.7M
Q3 24
$2.4M
Q2 24
$1.5M
Q1 24
$346.8K
Net Profit
ATHR
ATHR
IVDA
IVDA
Q4 25
$-1.3M
$-1.6M
Q3 25
$-221.3K
Q2 25
$-1.0M
$-564.2K
Q1 25
$-427.4K
$-793.7K
Q4 24
$-1.5M
Q3 24
$-581.4K
Q2 24
$-599.0K
Q1 24
$-1.3M
Gross Margin
ATHR
ATHR
IVDA
IVDA
Q4 25
80.4%
3.6%
Q3 25
31.3%
Q2 25
69.9%
29.1%
Q1 25
67.9%
19.5%
Q4 24
11.9%
Q3 24
17.1%
Q2 24
32.7%
Q1 24
52.5%
Operating Margin
ATHR
ATHR
IVDA
IVDA
Q4 25
-382.9%
-262.7%
Q3 25
-13.0%
Q2 25
-293.7%
-34.8%
Q1 25
-112.6%
-56.7%
Q4 24
-87.3%
Q3 24
-25.4%
Q2 24
-39.7%
Q1 24
-384.1%
Net Margin
ATHR
ATHR
IVDA
IVDA
Q4 25
-382.9%
-258.6%
Q3 25
-13.4%
Q2 25
-293.7%
-36.9%
Q1 25
-125.0%
-53.8%
Q4 24
-86.7%
Q3 24
-24.2%
Q2 24
-39.0%
Q1 24
-371.9%
EPS (diluted)
ATHR
ATHR
IVDA
IVDA
Q4 25
$-0.11
$-0.33
Q3 25
$-0.07
Q2 25
$-0.08
$-0.20
Q1 25
$-0.04
$-0.28
Q4 24
$-0.60
Q3 24
$-0.27
Q2 24
$-0.30
Q1 24
$-0.64

Balance Sheet & Financial Strength

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

Metric
ATHR
ATHR
IVDA
IVDA
Cash + ST InvestmentsLiquidity on hand
$263.3K
$5.2M
Total DebtLower is stronger
$393.4K
Stockholders' EquityBook value
$3.4M
$4.8M
Total Assets
$4.0M
$6.4M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHR
ATHR
IVDA
IVDA
Q4 25
$263.3K
$5.2M
Q3 25
$3.3M
Q2 25
$187.4K
$1.6M
Q1 25
$179.2K
$2.5M
Q4 24
$2.6M
Q3 24
$3.6M
Q2 24
$2.9M
Q1 24
$3.9M
Total Debt
ATHR
ATHR
IVDA
IVDA
Q4 25
$393.4K
Q3 25
$306.4K
Q2 25
$365.3K
Q1 25
$340.8K
Q4 24
$376.2K
Q3 24
$545.9K
Q2 24
$564.0K
Q1 24
$480.0K
Stockholders' Equity
ATHR
ATHR
IVDA
IVDA
Q4 25
$3.4M
$4.8M
Q3 25
$3.8M
Q2 25
$5.9M
$1.5M
Q1 25
$-596.3K
$1.7M
Q4 24
$2.5M
Q3 24
$4.1M
Q2 24
$2.8M
Q1 24
$3.3M
Total Assets
ATHR
ATHR
IVDA
IVDA
Q4 25
$4.0M
$6.4M
Q3 25
$5.8M
Q2 25
$6.5M
$4.4M
Q1 25
$367.8K
$4.5M
Q4 24
$5.2M
Q3 24
$9.1M
Q2 24
$6.8M
Q1 24
$6.6M
Debt / Equity
ATHR
ATHR
IVDA
IVDA
Q4 25
0.08×
Q3 25
0.08×
Q2 25
0.25×
Q1 25
0.20×
Q4 24
0.15×
Q3 24
0.13×
Q2 24
0.20×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
ATHR
ATHR
IVDA
IVDA
Operating Cash FlowLast quarter
$-1.0M
$-252.4K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-642.5%
Capex IntensityCapex / Revenue
344.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHR
ATHR
IVDA
IVDA
Q4 25
$-1.0M
$-252.4K
Q3 25
$-317.0K
Q2 25
$-2.0M
$-1.3M
Q1 25
$-126.0K
Q4 24
$-889.8K
Q3 24
$-1.2M
Q2 24
$-999.7K
Q1 24
$-1.3M
Free Cash Flow
ATHR
ATHR
IVDA
IVDA
Q4 25
$-2.2M
Q3 25
Q2 25
Q1 25
Q4 24
$-889.8K
Q3 24
$-1.5M
Q2 24
$-1.1M
Q1 24
$-1.5M
FCF Margin
ATHR
ATHR
IVDA
IVDA
Q4 25
-642.5%
Q3 25
Q2 25
Q1 25
Q4 24
-51.1%
Q3 24
-64.1%
Q2 24
-72.6%
Q1 24
-427.3%
Capex Intensity
ATHR
ATHR
IVDA
IVDA
Q4 25
344.9%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
12.5%
Q2 24
7.5%
Q1 24
54.3%

Financial Flow Comparison

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

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