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Side-by-side financial comparison of CEA Industries Inc. (BNC) and Cellectis S.A. (CLLS). Click either name above to swap in a different company.

Cellectis S.A. is the larger business by last-quarter revenue ($9.5M vs $7.1M, roughly 1.3× CEA Industries Inc.). CEA Industries Inc. runs the higher net margin — 3970.6% vs -265.9%, a 4236.5% gap on every dollar of revenue. On growth, CEA Industries Inc. posted the faster year-over-year revenue change (1727.8% vs 375.0%).

CEA Technologies is an Australian government business enterprise that primarily supplies the Royal Australian Navy. The company was established in 1983. Its phase array radars, which are fitted to the Royal Australian Navy's fleet of warships, are regarded by Australians as the best in the world.

Cellectis is a French biopharmaceutical company. It develops genome-edited chimeric antigen receptor T-cell technologies for cancer immunotherapy. It has offices in Paris, New York City, and Raleigh, North Carolina.

BNC vs CLLS — Head-to-Head

Bigger by revenue
CLLS
CLLS
1.3× larger
CLLS
$9.5M
$7.1M
BNC
Growing faster (revenue YoY)
BNC
BNC
+1352.9% gap
BNC
1727.8%
375.0%
CLLS
Higher net margin
BNC
BNC
4236.5% more per $
BNC
3970.6%
-265.9%
CLLS

Income Statement — Q2 FY2026 vs Q2 FY2024

Metric
BNC
BNC
CLLS
CLLS
Revenue
$7.1M
$9.5M
Net Profit
$283.6M
$-25.3M
Gross Margin
29.3%
Operating Margin
-181.1%
Net Margin
3970.6%
-265.9%
Revenue YoY
1727.8%
375.0%
Net Profit YoY
38409.2%
-51.9%
EPS (diluted)
$5.36
$-0.28

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
BNC
BNC
CLLS
CLLS
Q4 25
$7.1M
Q3 25
$4.6M
Q2 24
$1.8M
$9.5M
Q3 23
$913.6K
$1.6M
Q2 23
$1.1M
$2.0M
Q1 23
$4.7M
Q4 22
$1.5M
Q3 22
$5.1M
Net Profit
BNC
BNC
CLLS
CLLS
Q4 25
$283.6M
Q3 25
$-5.8M
Q2 24
$-470.3K
$-25.3M
Q3 23
$-799.0K
$-17.5M
Q2 23
$-693.6K
$-16.6M
Q1 23
$-431.4K
Q4 22
$-1.3M
Q3 22
$-1.0M
Gross Margin
BNC
BNC
CLLS
CLLS
Q4 25
29.3%
Q3 25
30.0%
Q2 24
10.2%
Q3 23
-11.4%
Q2 23
7.4%
97.3%
Q1 23
18.2%
Q4 22
10.3%
Q3 22
11.8%
Operating Margin
BNC
BNC
CLLS
CLLS
Q4 25
Q3 25
-123.2%
Q2 24
-27.1%
-181.1%
Q3 23
-88.3%
-1258.1%
Q2 23
-66.2%
-1180.5%
Q1 23
-9.5%
Q4 22
-87.8%
Q3 22
-20.9%
Net Margin
BNC
BNC
CLLS
CLLS
Q4 25
3970.6%
Q3 25
-127.7%
Q2 24
-26.7%
-265.9%
Q3 23
-87.5%
-1064.1%
Q2 23
-65.2%
-831.6%
Q1 23
-9.2%
Q4 22
-87.0%
Q3 22
-20.6%
EPS (diluted)
BNC
BNC
CLLS
CLLS
Q4 25
$5.36
Q3 25
$-6.94
Q2 24
$-0.66
$-0.28
Q3 23
$-1.19
$-0.31
Q2 23
$-1.03
$-0.20
Q1 23
$-0.05
Q4 22
Q3 22
$-0.13

Balance Sheet & Financial Strength

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

Metric
BNC
BNC
CLLS
CLLS
Cash + ST InvestmentsLiquidity on hand
$32.5M
$149.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$484.9M
$148.6M
Total Assets
$616.5M
$407.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNC
BNC
CLLS
CLLS
Q4 25
$32.5M
Q3 25
$3.0M
Q2 24
$11.3M
$149.0M
Q3 23
$13.3M
Q2 23
$14.2M
$84.4M
Q1 23
$15.9M
Q4 22
$18.6M
Q3 22
$21.1M
Stockholders' Equity
BNC
BNC
CLLS
CLLS
Q4 25
$484.9M
Q3 25
$6.9M
Q2 24
$10.9M
$148.6M
Q3 23
$13.2M
$76.1M
Q2 23
$14.0M
$96.6M
Q1 23
$14.7M
Q4 22
Q3 22
$16.1M
Total Assets
BNC
BNC
CLLS
CLLS
Q4 25
$616.5M
Q3 25
$19.1M
Q2 24
$12.6M
$407.1M
Q3 23
$14.7M
$209.7M
Q2 23
$15.9M
$227.7M
Q1 23
$17.4M
Q4 22
$21.0M
Q3 22
$23.5M

Cash Flow & Capital Efficiency

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

Metric
BNC
BNC
CLLS
CLLS
Operating Cash FlowLast quarter
$28.9M
Free Cash FlowOCF − Capex
$27.6M
FCF MarginFCF / Revenue
290.5%
Capex IntensityCapex / Revenue
13.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNC
BNC
CLLS
CLLS
Q4 25
Q3 25
$-1.7M
Q2 24
$-273.4K
$28.9M
Q3 23
$-854.7K
Q2 23
$-1.8M
$-47.4M
Q1 23
$-2.7M
Q4 22
$-2.4M
Q3 22
$488.6K
Free Cash Flow
BNC
BNC
CLLS
CLLS
Q4 25
Q3 25
Q2 24
$27.6M
Q3 23
Q2 23
$-47.9M
Q1 23
Q4 22
Q3 22
$472.2K
FCF Margin
BNC
BNC
CLLS
CLLS
Q4 25
Q3 25
Q2 24
290.5%
Q3 23
Q2 23
-2391.4%
Q1 23
Q4 22
Q3 22
9.3%
Capex Intensity
BNC
BNC
CLLS
CLLS
Q4 25
Q3 25
Q2 24
13.2%
Q3 23
Q2 23
24.1%
Q1 23
Q4 22
0.0%
Q3 22
0.3%

Financial Flow Comparison

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

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