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Side-by-side financial comparison of Anteris Technologies Global Corp. (AVR) and Neonode Inc. (NEON). Click either name above to swap in a different company.

Neonode Inc. is the larger business by last-quarter revenue ($430.0K vs $310.0K, roughly 1.4× Anteris Technologies Global Corp.). Neonode Inc. runs the higher net margin — 3298.6% vs -9420.0%, a 12718.6% gap on every dollar of revenue. Neonode Inc. produced more free cash flow last quarter ($-1.6M vs $-18.9M).

Anteris Technologies Global Corp is a medical technology firm specializing in innovative structural heart care solutions. It develops and commercializes bioprosthetic heart valves and transcatheter intervention products, serving healthcare providers across North America, Europe, and Asia-Pacific, with core focus on cardiac surgery and interventional cardiology segments.

Neonode Inc. develops and markets innovative optical touch sensing and contactless gesture recognition technologies for global clients. Its core offerings include zForce sensing modules, embedded software solutions and custom integration services, deployed across key end segments including automotive infotainment systems, industrial human-machine interfaces, consumer electronics and medical devices.

AVR vs NEON — Head-to-Head

Bigger by revenue
NEON
NEON
1.4× larger
NEON
$430.0K
$310.0K
AVR
Higher net margin
NEON
NEON
12718.6% more per $
NEON
3298.6%
-9420.0%
AVR
More free cash flow
NEON
NEON
$17.3M more FCF
NEON
$-1.6M
$-18.9M
AVR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AVR
AVR
NEON
NEON
Revenue
$310.0K
$430.0K
Net Profit
$-29.2M
$14.2M
Gross Margin
70.6%
97.9%
Operating Margin
-9343.5%
Net Margin
-9420.0%
3298.6%
Revenue YoY
-48.7%
Net Profit YoY
1404.9%
EPS (diluted)
$-0.74

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
AVR
AVR
NEON
NEON
Q4 25
$310.0K
Q3 25
$429.0K
$430.0K
Q2 25
$618.0K
$599.0K
Q1 25
$556.0K
$513.0K
Q3 24
$838.0K
Q2 24
$801.0K
Q1 24
$814.0K
Q4 23
$373.0K
Net Profit
AVR
AVR
NEON
NEON
Q4 25
$-29.2M
Q3 25
$-22.2M
$14.2M
Q2 25
$-20.8M
$-1.9M
Q1 25
$-21.9M
$-1.7M
Q3 24
$-1.1M
Q2 24
$-1.7M
Q1 24
$-2.1M
Q4 23
$-5.9M
Gross Margin
AVR
AVR
NEON
NEON
Q4 25
70.6%
Q3 25
71.3%
97.9%
Q2 25
76.1%
99.0%
Q1 25
62.8%
98.2%
Q3 24
97.3%
Q2 24
97.0%
Q1 24
97.9%
Q4 23
Operating Margin
AVR
AVR
NEON
NEON
Q4 25
-9343.5%
Q3 25
-5190.0%
Q2 25
-3379.3%
-352.3%
Q1 25
-3917.3%
-383.0%
Q3 24
-146.2%
Q2 24
-223.3%
Q1 24
-231.7%
Q4 23
-343.4%
Net Margin
AVR
AVR
NEON
NEON
Q4 25
-9420.0%
Q3 25
-5185.1%
3298.6%
Q2 25
-3371.2%
-311.9%
Q1 25
-3932.4%
-337.8%
Q3 24
-129.7%
Q2 24
-211.6%
Q1 24
-256.0%
Q4 23
-1588.5%
EPS (diluted)
AVR
AVR
NEON
NEON
Q4 25
$-0.74
Q3 25
$-0.62
Q2 25
$-0.58
$-0.11
Q1 25
$-0.61
$-0.10
Q3 24
$-0.07
Q2 24
$-0.11
Q1 24
$-0.14
Q4 23
$-0.39

Balance Sheet & Financial Strength

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

Metric
AVR
AVR
NEON
NEON
Cash + ST InvestmentsLiquidity on hand
$11.6M
Total DebtLower is stronger
$22.0K
Stockholders' EquityBook value
$-93.0K
$26.8M
Total Assets
$23.0M
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVR
AVR
NEON
NEON
Q4 25
Q3 25
$11.6M
Q2 25
$13.2M
Q1 25
$49.0M
$15.0M
Q3 24
Q2 24
Q1 24
$14.3M
Q4 23
$16.2M
Total Debt
AVR
AVR
NEON
NEON
Q4 25
$22.0K
Q3 25
$26.0K
Q2 25
$30.0K
Q1 25
$30.0K
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
AVR
AVR
NEON
NEON
Q4 25
$-93.0K
Q3 25
$3.7M
$26.8M
Q2 25
$24.4M
$12.7M
Q1 25
$43.3M
$14.6M
Q3 24
$18.0M
Q2 24
$13.3M
Q1 24
$15.0M
Q4 23
$17.2M
Total Assets
AVR
AVR
NEON
NEON
Q4 25
$23.0M
Q3 25
$19.1M
$32.8M
Q2 25
$39.9M
$15.1M
Q1 25
$58.8M
$17.0M
Q3 24
$19.6M
Q2 24
$15.2M
Q1 24
$16.9M
Q4 23
$19.0M
Debt / Equity
AVR
AVR
NEON
NEON
Q4 25
Q3 25
0.01×
Q2 25
0.00×
Q1 25
0.00×
Q3 24
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

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

Metric
AVR
AVR
NEON
NEON
Operating Cash FlowLast quarter
$-18.5M
$-1.5M
Free Cash FlowOCF − Capex
$-18.9M
$-1.6M
FCF MarginFCF / Revenue
-6104.5%
-372.6%
Capex IntensityCapex / Revenue
128.1%
17.4%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters
$-79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVR
AVR
NEON
NEON
Q4 25
$-18.5M
Q3 25
$-18.3M
$-1.5M
Q2 25
$-19.5M
$-1.8M
Q1 25
$-21.5M
$-1.4M
Q3 24
$-1.3M
Q2 24
$-1.2M
Q1 24
$-1.9M
Q4 23
$-2.2M
Free Cash Flow
AVR
AVR
NEON
NEON
Q4 25
$-18.9M
Q3 25
$-19.0M
$-1.6M
Q2 25
$-20.1M
$-1.8M
Q1 25
$-21.7M
$-1.4M
Q3 24
Q2 24
Q1 24
Q4 23
FCF Margin
AVR
AVR
NEON
NEON
Q4 25
-6104.5%
Q3 25
-4434.5%
-372.6%
Q2 25
-3247.9%
-296.3%
Q1 25
-3909.5%
-272.9%
Q3 24
Q2 24
Q1 24
Q4 23
Capex Intensity
AVR
AVR
NEON
NEON
Q4 25
128.1%
Q3 25
180.0%
17.4%
Q2 25
86.9%
4.2%
Q1 25
44.6%
7.8%
Q3 24
0.0%
Q2 24
Q1 24
Q4 23
Cash Conversion
AVR
AVR
NEON
NEON
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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