vs

Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and BioNexus Gene Lab Corp (BGLC). Click either name above to swap in a different company.

BioNexus Gene Lab Corp is the larger business by last-quarter revenue ($483.8K vs $410.0K, roughly 1.2× Solowin Holdings, Ltd.). BioNexus Gene Lab Corp produced more free cash flow last quarter ($960.1K vs $-1.6M).

BioNexus Gene Lab Corp is a biotechnology company specializing in molecular diagnostic testing, genetic analysis, and related life science solutions. It caters to healthcare institutions, research organizations, and individual customers, with its primary operational and market focus on the Southeast Asian region.

AXG vs BGLC — Head-to-Head

Bigger by revenue
BGLC
BGLC
1.2× larger
BGLC
$483.8K
$410.0K
AXG
More free cash flow
BGLC
BGLC
$2.6M more FCF
BGLC
$960.1K
$-1.6M
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
BGLC
BGLC
Revenue
$410.0K
$483.8K
Net Profit
$-1.0M
Gross Margin
-0.8%
Operating Margin
-34.1%
-213.5%
Net Margin
-214.2%
Revenue YoY
-80.8%
Net Profit YoY
-197.5%
EPS (diluted)

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
AXG
AXG
BGLC
BGLC
Q4 25
$483.8K
Q3 25
$2.5M
Q2 25
$2.3M
Q1 25
$2.1M
Q4 24
$2.5M
Q3 24
$410.0K
$2.6M
Q2 24
$2.0M
Q1 24
$2.4M
Net Profit
AXG
AXG
BGLC
BGLC
Q4 25
$-1.0M
Q3 25
$-709.0K
Q2 25
$-616.2K
Q1 25
$-623.3K
Q4 24
$-348.3K
Q3 24
$-1.3M
Q2 24
$199.1K
Q1 24
$-103.8K
Gross Margin
AXG
AXG
BGLC
BGLC
Q4 25
-0.8%
Q3 25
14.8%
Q2 25
16.3%
Q1 25
16.1%
Q4 24
12.3%
Q3 24
12.4%
Q2 24
14.6%
Q1 24
15.3%
Operating Margin
AXG
AXG
BGLC
BGLC
Q4 25
-213.5%
Q3 25
-27.6%
Q2 25
-27.0%
Q1 25
-28.9%
Q4 24
-16.5%
Q3 24
-34.1%
-50.9%
Q2 24
13.1%
Q1 24
-3.3%
Net Margin
AXG
AXG
BGLC
BGLC
Q4 25
-214.2%
Q3 25
-27.9%
Q2 25
-27.3%
Q1 25
-29.2%
Q4 24
-13.8%
Q3 24
-51.1%
Q2 24
10.1%
Q1 24
-4.4%
EPS (diluted)
AXG
AXG
BGLC
BGLC
Q4 25
Q3 25
$-0.40
Q2 25
$-0.34
Q1 25
$-0.04
Q4 24
$0.55
Q3 24
$-0.75
Q2 24
$0.11
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
BGLC
BGLC
Cash + ST InvestmentsLiquidity on hand
$2.5M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$8.6M
Total Assets
$13.1M
$9.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
BGLC
BGLC
Q4 25
$2.5M
Q3 25
Q2 25
Q1 25
Q4 24
$2.9M
Q3 24
$2.5M
Q2 24
Q1 24
Stockholders' Equity
AXG
AXG
BGLC
BGLC
Q4 25
$8.6M
Q3 25
$6.8M
Q2 25
$7.5M
Q1 25
$7.8M
Q4 24
$8.3M
Q3 24
$6.0M
$9.4M
Q2 24
$9.5M
Q1 24
$9.3M
Total Assets
AXG
AXG
BGLC
BGLC
Q4 25
$9.3M
Q3 25
$7.6M
Q2 25
$9.4M
Q1 25
$9.5M
Q4 24
$10.4M
Q3 24
$13.1M
$11.0M
Q2 24
$11.1M
Q1 24
$11.2M

Cash Flow & Capital Efficiency

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

Metric
AXG
AXG
BGLC
BGLC
Operating Cash FlowLast quarter
$-1.6M
$961.1K
Free Cash FlowOCF − Capex
$-1.6M
$960.1K
FCF MarginFCF / Revenue
-392.9%
198.5%
Capex IntensityCapex / Revenue
4.4%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
BGLC
BGLC
Q4 25
$961.1K
Q3 25
$-1.2M
Q2 25
$-737.9K
Q1 25
$-824.1K
Q4 24
$219.2K
Q3 24
$-1.6M
$-1.6M
Q2 24
$-672.3K
Q1 24
$-37.2K
Free Cash Flow
AXG
AXG
BGLC
BGLC
Q4 25
$960.1K
Q3 25
$-1.2M
Q2 25
$-759.4K
Q1 25
$-833.1K
Q4 24
$215.2K
Q3 24
$-1.6M
$-1.8M
Q2 24
$-674.1K
Q1 24
$-59.1K
FCF Margin
AXG
AXG
BGLC
BGLC
Q4 25
198.5%
Q3 25
-48.9%
Q2 25
-33.6%
Q1 25
-39.0%
Q4 24
8.5%
Q3 24
-392.9%
-68.5%
Q2 24
-34.1%
Q1 24
-2.5%
Capex Intensity
AXG
AXG
BGLC
BGLC
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.2%
Q3 24
4.4%
7.6%
Q2 24
0.1%
Q1 24
0.9%
Cash Conversion
AXG
AXG
BGLC
BGLC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-3.38×
Q1 24

Financial Flow Comparison

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

Related Comparisons