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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and FEMASYS INC (FEMY). Click either name above to swap in a different company.

FEMASYS INC is the larger business by last-quarter revenue ($813.4K vs $410.0K, roughly 2.0× Solowin Holdings, Ltd.). Solowin Holdings, Ltd. produced more free cash flow last quarter ($-1.6M vs $-4.3M).

Femasys Inc. is a medical technology firm specializing in developing and commercializing minimally invasive diagnostic and therapeutic devices for women's health. Its core products address unmet clinical needs in fertility care, gynecology and obstetrics, serving healthcare providers and patients mainly across North American and European markets.

AXG vs FEMY — Head-to-Head

Bigger by revenue
FEMY
FEMY
2.0× larger
FEMY
$813.4K
$410.0K
AXG
More free cash flow
AXG
AXG
$2.7M more FCF
AXG
$-1.6M
$-4.3M
FEMY

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
FEMY
FEMY
Revenue
$410.0K
$813.4K
Net Profit
$-4.0M
Gross Margin
62.7%
Operating Margin
-34.1%
-568.3%
Net Margin
-485.7%
Revenue YoY
39.9%
Net Profit YoY
22.9%
EPS (diluted)
$0.02

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
FEMY
FEMY
Q4 25
$813.4K
Q3 25
$729.4K
Q2 25
$409.3K
Q1 25
$341.3K
Q4 24
$581.6K
Q3 24
$410.0K
$554.9K
Q2 24
$221.5K
Q1 24
$271.1K
Net Profit
AXG
AXG
FEMY
FEMY
Q4 25
$-4.0M
Q3 25
$-4.2M
Q2 25
$-4.6M
Q1 25
$-5.9M
Q4 24
$-5.1M
Q3 24
$-5.4M
Q2 24
$-4.7M
Q1 24
$-3.6M
Gross Margin
AXG
AXG
FEMY
FEMY
Q4 25
62.7%
Q3 25
59.7%
Q2 25
61.4%
Q1 25
65.6%
Q4 24
66.9%
Q3 24
65.6%
Q2 24
67.0%
Q1 24
67.3%
Operating Margin
AXG
AXG
FEMY
FEMY
Q4 25
-568.3%
Q3 25
-500.9%
Q2 25
-941.1%
Q1 25
-1600.1%
Q4 24
-812.0%
Q3 24
-34.1%
-922.4%
Q2 24
-2023.7%
Q1 24
-1277.1%
Net Margin
AXG
AXG
FEMY
FEMY
Q4 25
-485.7%
Q3 25
-575.1%
Q2 25
-1120.5%
Q1 25
-1727.9%
Q4 24
-881.0%
Q3 24
-974.7%
Q2 24
-2115.1%
Q1 24
-1327.5%
EPS (diluted)
AXG
AXG
FEMY
FEMY
Q4 25
$0.02
Q3 25
$-0.10
Q2 25
$-0.16
Q1 25
$-0.23
Q4 24
$-0.23
Q3 24
$-0.24
Q2 24
$-0.21
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
FEMY
FEMY
Cash + ST InvestmentsLiquidity on hand
$2.5M
$9.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$5.9M
Total Assets
$13.1M
$20.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
FEMY
FEMY
Q4 25
$9.3M
Q3 25
$4.6M
Q2 25
$3.2M
Q1 25
$3.8M
Q4 24
$3.5M
Q3 24
$2.5M
$7.6M
Q2 24
$13.5M
Q1 24
$17.8M
Stockholders' Equity
AXG
AXG
FEMY
FEMY
Q4 25
$5.9M
Q3 25
$4.6M
Q2 25
$1.5M
Q1 25
$2.0M
Q4 24
$2.3M
Q3 24
$6.0M
$6.0M
Q2 24
$11.3M
Q1 24
$15.6M
Total Assets
AXG
AXG
FEMY
FEMY
Q4 25
$20.7M
Q3 25
$16.3M
Q2 25
$13.8M
Q1 25
$13.3M
Q4 24
$12.4M
Q3 24
$13.1M
$15.6M
Q2 24
$20.3M
Q1 24
$24.4M

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
FEMY
FEMY
Operating Cash FlowLast quarter
$-1.6M
$-4.2M
Free Cash FlowOCF − Capex
$-1.6M
$-4.3M
FCF MarginFCF / Revenue
-392.9%
-531.7%
Capex IntensityCapex / Revenue
4.4%
17.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
FEMY
FEMY
Q4 25
$-4.2M
Q3 25
$-5.4M
Q2 25
$-4.4M
Q1 25
$-4.8M
Q4 24
$-5.1M
Q3 24
$-1.6M
$-5.5M
Q2 24
$-4.3M
Q1 24
$-4.6M
Free Cash Flow
AXG
AXG
FEMY
FEMY
Q4 25
$-4.3M
Q3 25
$-5.6M
Q2 25
$-4.4M
Q1 25
$-4.9M
Q4 24
$-5.2M
Q3 24
$-1.6M
$-5.9M
Q2 24
$-4.5M
Q1 24
$-4.6M
FCF Margin
AXG
AXG
FEMY
FEMY
Q4 25
-531.7%
Q3 25
-765.3%
Q2 25
-1086.6%
Q1 25
-1424.7%
Q4 24
-890.9%
Q3 24
-392.9%
-1060.1%
Q2 24
-2035.8%
Q1 24
-1708.6%
Capex Intensity
AXG
AXG
FEMY
FEMY
Q4 25
17.2%
Q3 25
26.6%
Q2 25
23.0%
Q1 25
28.3%
Q4 24
18.4%
Q3 24
4.4%
73.5%
Q2 24
82.4%
Q1 24
23.8%

Financial Flow Comparison

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

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