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

SciSparc Ltd. is the larger business by last-quarter revenue ($461.0K vs $410.0K, roughly 1.1× Solowin Holdings, Ltd.).

SciSparc Ltd. is a clinical-stage biopharmaceutical company focused on developing novel therapies for unmet medical needs in the neurological, psychiatric, and gastrointestinal disorder segments. It operates across global biotech markets, leveraging proprietary cannabinoid-based formulation technologies to advance its pipeline of therapeutic candidates.

AXG vs SPRC — Head-to-Head

Bigger by revenue
SPRC
SPRC
1.1× larger
SPRC
$461.0K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
AXG
AXG
SPRC
SPRC
Revenue
$410.0K
$461.0K
Net Profit
$-9.4M
Gross Margin
78.1%
Operating Margin
-34.1%
-588.5%
Net Margin
-2041.6%
Revenue YoY
-45.1%
Net Profit YoY
-155.8%
EPS (diluted)
$17.92

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
SPRC
SPRC
Q2 25
$461.0K
Q4 24
$466.0K
Q3 24
$410.0K
Q2 24
$840.0K
Q2 23
$2.0M
Net Profit
AXG
AXG
SPRC
SPRC
Q2 25
$-9.4M
Q4 24
$-3.8M
Q3 24
Q2 24
$-3.7M
Q2 23
$-2.9M
Gross Margin
AXG
AXG
SPRC
SPRC
Q2 25
78.1%
Q4 24
6.9%
Q3 24
Q2 24
56.4%
Q2 23
74.2%
Operating Margin
AXG
AXG
SPRC
SPRC
Q2 25
-588.5%
Q4 24
-813.1%
Q3 24
-34.1%
Q2 24
-419.9%
Q2 23
-150.5%
Net Margin
AXG
AXG
SPRC
SPRC
Q2 25
-2041.6%
Q4 24
-813.9%
Q3 24
Q2 24
-438.0%
Q2 23
-148.7%
EPS (diluted)
AXG
AXG
SPRC
SPRC
Q2 25
$17.92
Q4 24
$-8.82
Q3 24
Q2 24
$35.70
Q2 23
$10.85

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
SPRC
SPRC
Cash + ST InvestmentsLiquidity on hand
$2.5M
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$-81.0K
Total Assets
$13.1M
$5.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
SPRC
SPRC
Q2 25
$1.5M
Q4 24
$1.5M
Q3 24
$2.5M
Q2 24
$252.0K
Q2 23
$2.1M
Stockholders' Equity
AXG
AXG
SPRC
SPRC
Q2 25
$-81.0K
Q4 24
$8.9M
Q3 24
$6.0M
Q2 24
$8.7M
Q2 23
$6.8M
Total Assets
AXG
AXG
SPRC
SPRC
Q2 25
$5.1M
Q4 24
$10.3M
Q3 24
$13.1M
Q2 24
$10.5M
Q2 23
$9.9M

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
SPRC
SPRC
Operating Cash FlowLast quarter
$-1.6M
$-1.9M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-392.9%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
SPRC
SPRC
Q2 25
$-1.9M
Q4 24
$-2.9M
Q3 24
$-1.6M
Q2 24
$-2.2M
Q2 23
$-3.2M
Free Cash Flow
AXG
AXG
SPRC
SPRC
Q2 25
Q4 24
Q3 24
$-1.6M
Q2 24
$-2.2M
Q2 23
FCF Margin
AXG
AXG
SPRC
SPRC
Q2 25
Q4 24
Q3 24
-392.9%
Q2 24
-261.7%
Q2 23
Capex Intensity
AXG
AXG
SPRC
SPRC
Q2 25
Q4 24
Q3 24
4.4%
Q2 24
0.1%
Q2 23

Financial Flow Comparison

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

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