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Side-by-side financial comparison of Black Hawk Acquisition Corp (BKHA) and Sintx Technologies, Inc. (SINT). Click either name above to swap in a different company.

Sintx Technologies, Inc. is the larger business by last-quarter revenue ($290.0K vs $230.6K, roughly 1.3× Black Hawk Acquisition Corp). Black Hawk Acquisition Corp runs the higher net margin — -1.6% vs -763.8%, a 762.2% gap on every dollar of revenue.

Sintx Technologies, Inc. is an advanced materials company specializing in R&D and manufacturing of high-performance silicon nitride and other technical ceramic products. It serves key segments including medical implants, aerospace & defense, industrial wear components, and electric vehicle applications, with core markets across North America, Europe and Asia-Pacific.

BKHA vs SINT — Head-to-Head

Bigger by revenue
SINT
SINT
1.3× larger
SINT
$290.0K
$230.6K
BKHA
Higher net margin
BKHA
BKHA
762.2% more per $
BKHA
-1.6%
-763.8%
SINT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKHA
BKHA
SINT
SINT
Revenue
$230.6K
$290.0K
Net Profit
$-3.8K
$-2.2M
Gross Margin
64.8%
Operating Margin
-94.5%
-799.3%
Net Margin
-1.6%
-763.8%
Revenue YoY
-46.5%
Net Profit YoY
-100.5%
-30.7%
EPS (diluted)
$-0.50

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
BKHA
BKHA
SINT
SINT
Q4 25
$230.6K
$290.0K
Q3 25
$494.5K
$208.0K
Q2 25
$767.6K
$151.0K
Q1 25
$765.9K
$369.0K
Q4 24
$542.0K
Q3 24
$965.5K
$799.0K
Q2 24
$668.2K
$859.0K
Q1 24
$687.0K
Net Profit
BKHA
BKHA
SINT
SINT
Q4 25
$-3.8K
$-2.2M
Q3 25
$154.4K
$-3.5M
Q2 25
$520.5K
$-2.3M
Q1 25
$658.4K
$-2.3M
Q4 24
$-1.7M
Q3 24
$883.8K
$-6.2M
Q2 24
$310.9K
$-2.2M
Q1 24
$-886.0K
Gross Margin
BKHA
BKHA
SINT
SINT
Q4 25
64.8%
Q3 25
44.7%
Q2 25
37.7%
Q1 25
33.3%
Q4 24
71.6%
Q3 24
73.7%
Q2 24
73.9%
Q1 24
67.5%
Operating Margin
BKHA
BKHA
SINT
SINT
Q4 25
-94.5%
-799.3%
Q3 25
-69.0%
-1613.0%
Q2 25
-32.3%
-1764.9%
Q1 25
-14.2%
-645.8%
Q4 24
-319.6%
Q3 24
-8.8%
-802.0%
Q2 24
-53.8%
-315.5%
Q1 24
-465.4%
Net Margin
BKHA
BKHA
SINT
SINT
Q4 25
-1.6%
-763.8%
Q3 25
31.2%
-1701.4%
Q2 25
67.8%
-1535.1%
Q1 25
86.0%
-621.1%
Q4 24
-312.7%
Q3 24
91.5%
-780.9%
Q2 24
46.5%
-256.6%
Q1 24
-129.0%
EPS (diluted)
BKHA
BKHA
SINT
SINT
Q4 25
$-0.50
Q3 25
$-3.46
Q2 25
$-0.91
Q1 25
$-1.29
Q4 24
$17.04
Q3 24
$-6.96
Q2 24
$-3.61
Q1 24
$-21.66

Balance Sheet & Financial Strength

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

Metric
BKHA
BKHA
SINT
SINT
Cash + ST InvestmentsLiquidity on hand
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-3.8M
$2.9M
Total Assets
$23.9M
$9.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKHA
BKHA
SINT
SINT
Q4 25
$4.1M
Q3 25
$6.3M
Q2 25
$4.3M
Q1 25
$6.5M
Q4 24
$3.6M
Q3 24
$4.8M
Q2 24
$4.6M
Q1 24
$5.8M
Stockholders' Equity
BKHA
BKHA
SINT
SINT
Q4 25
$-3.8M
$2.9M
Q3 25
$-3.3M
$4.1M
Q2 25
$-2.5M
$4.0M
Q1 25
$-2.3M
$6.1M
Q4 24
$3.9M
Q3 24
$-2.1M
$5.6M
Q2 24
$-2.0M
$8.8M
Q1 24
$9.9M
Total Assets
BKHA
BKHA
SINT
SINT
Q4 25
$23.9M
$9.5M
Q3 25
$23.3M
$11.4M
Q2 25
$73.5M
$9.2M
Q1 25
$72.8M
$11.4M
Q4 24
$9.4M
Q3 24
$71.4M
$11.3M
Q2 24
$70.5M
$15.3M
Q1 24
$17.6M

Cash Flow & Capital Efficiency

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

Metric
BKHA
BKHA
SINT
SINT
Operating Cash FlowLast quarter
$-100.5K
$-2.3M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-822.8%
Capex IntensityCapex / Revenue
14.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKHA
BKHA
SINT
SINT
Q4 25
$-100.5K
$-2.3M
Q3 25
$-107.9K
$-2.5M
Q2 25
$-278.6K
$-2.4M
Q1 25
$-163.3K
$-1.3M
Q4 24
$-1.1M
Q3 24
$-42.8K
$-2.6M
Q2 24
$-414.2K
$-2.2M
Q1 24
$-2.7M
Free Cash Flow
BKHA
BKHA
SINT
SINT
Q4 25
$-2.4M
Q3 25
$-2.6M
Q2 25
Q1 25
$-1.4M
Q4 24
$-1.3M
Q3 24
$-2.6M
Q2 24
$-2.6M
Q1 24
$-2.9M
FCF Margin
BKHA
BKHA
SINT
SINT
Q4 25
-822.8%
Q3 25
-1250.5%
Q2 25
Q1 25
-368.6%
Q4 24
-234.3%
Q3 24
-323.0%
Q2 24
-299.7%
Q1 24
-423.1%
Capex Intensity
BKHA
BKHA
SINT
SINT
Q4 25
14.5%
Q3 25
40.4%
Q2 25
0.0%
Q1 25
16.0%
Q4 24
26.9%
Q3 24
1.4%
Q2 24
41.8%
Q1 24
25.3%
Cash Conversion
BKHA
BKHA
SINT
SINT
Q4 25
Q3 25
-0.70×
Q2 25
-0.54×
Q1 25
-0.25×
Q4 24
Q3 24
-0.05×
Q2 24
-1.33×
Q1 24

Financial Flow Comparison

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

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