vs

Side-by-side financial comparison of CEA Industries Inc. (BNC) and Protalix BioTherapeutics, Inc. (PLX). Click either name above to swap in a different company.

Protalix BioTherapeutics, Inc. is the larger business by last-quarter revenue ($9.1M vs $7.1M, roughly 1.3× CEA Industries Inc.). CEA Industries Inc. runs the higher net margin — 3970.6% vs -60.3%, a 4031.0% gap on every dollar of revenue. On growth, CEA Industries Inc. posted the faster year-over-year revenue change (1727.8% vs -49.9%). Over the past eight quarters, CEA Industries Inc.'s revenue compounded faster (18.8% CAGR vs -6.7%).

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.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

BNC vs PLX — Head-to-Head

Bigger by revenue
PLX
PLX
1.3× larger
PLX
$9.1M
$7.1M
BNC
Growing faster (revenue YoY)
BNC
BNC
+1777.8% gap
BNC
1727.8%
-49.9%
PLX
Higher net margin
BNC
BNC
4031.0% more per $
BNC
3970.6%
-60.3%
PLX
Faster 2-yr revenue CAGR
BNC
BNC
Annualised
BNC
18.8%
-6.7%
PLX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BNC
BNC
PLX
PLX
Revenue
$7.1M
$9.1M
Net Profit
$283.6M
$-5.5M
Gross Margin
29.3%
49.4%
Operating Margin
-51.1%
Net Margin
3970.6%
-60.3%
Revenue YoY
1727.8%
-49.9%
Net Profit YoY
38409.2%
-184.8%
EPS (diluted)
$5.36
$-0.06

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
PLX
PLX
Q4 25
$7.1M
$9.1M
Q3 25
$4.6M
$17.9M
Q2 25
$15.7M
Q1 25
$10.1M
Q4 24
$18.2M
Q3 24
$18.0M
Q2 24
$1.8M
$13.5M
Q4 23
$10.5M
Net Profit
BNC
BNC
PLX
PLX
Q4 25
$283.6M
$-5.5M
Q3 25
$-5.8M
$2.4M
Q2 25
$164.0K
Q1 25
$-3.6M
Q4 24
$6.5M
Q3 24
$3.2M
Q2 24
$-470.3K
$-2.2M
Q4 23
$-6.0M
Gross Margin
BNC
BNC
PLX
PLX
Q4 25
29.3%
49.4%
Q3 25
30.0%
53.4%
Q2 25
62.5%
Q1 25
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
10.2%
29.8%
Q4 23
15.5%
Operating Margin
BNC
BNC
PLX
PLX
Q4 25
-51.1%
Q3 25
-123.2%
11.9%
Q2 25
7.5%
Q1 25
-41.0%
Q4 24
39.6%
Q3 24
22.2%
Q2 24
-27.1%
-18.0%
Q4 23
-53.5%
Net Margin
BNC
BNC
PLX
PLX
Q4 25
3970.6%
-60.3%
Q3 25
-127.7%
13.2%
Q2 25
1.0%
Q1 25
-35.8%
Q4 24
35.6%
Q3 24
18.0%
Q2 24
-26.7%
-16.4%
Q4 23
-57.6%
EPS (diluted)
BNC
BNC
PLX
PLX
Q4 25
$5.36
$-0.06
Q3 25
$-6.94
$0.03
Q2 25
$0.00
Q1 25
$-0.05
Q4 24
$0.10
Q3 24
$0.03
Q2 24
$-0.66
$-0.03
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
BNC
BNC
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$32.5M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$484.9M
$48.2M
Total Assets
$616.5M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNC
BNC
PLX
PLX
Q4 25
$32.5M
$14.7M
Q3 25
$3.0M
$13.6M
Q2 25
$17.9M
Q1 25
$19.5M
Q4 24
$19.8M
Q3 24
$27.4M
Q2 24
$11.3M
$23.4M
Q4 23
$23.6M
Stockholders' Equity
BNC
BNC
PLX
PLX
Q4 25
$484.9M
$48.2M
Q3 25
$6.9M
$52.9M
Q2 25
$49.9M
Q1 25
$45.2M
Q4 24
$43.2M
Q3 24
$32.4M
Q2 24
$10.9M
$28.6M
Q4 23
$33.6M
Total Assets
BNC
BNC
PLX
PLX
Q4 25
$616.5M
$82.3M
Q3 25
$19.1M
$82.3M
Q2 25
$78.5M
Q1 25
$73.9M
Q4 24
$73.4M
Q3 24
$61.6M
Q2 24
$12.6M
$91.5M
Q4 23
$84.4M

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
PLX
PLX
Operating Cash FlowLast quarter
$2.0M
Free Cash FlowOCF − Capex
$1.6M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNC
BNC
PLX
PLX
Q4 25
$2.0M
Q3 25
$-1.7M
$-3.7M
Q2 25
$-5.2M
Q1 25
$-5.1M
Q4 24
$4.0M
Q3 24
$4.1M
Q2 24
$-273.4K
$-3.6M
Q4 23
$3.6M
Free Cash Flow
BNC
BNC
PLX
PLX
Q4 25
$1.6M
Q3 25
$-4.2M
Q2 25
$-5.7M
Q1 25
$-5.4M
Q4 24
$3.6M
Q3 24
$4.0M
Q2 24
$-3.8M
Q4 23
$3.3M
FCF Margin
BNC
BNC
PLX
PLX
Q4 25
17.8%
Q3 25
-23.7%
Q2 25
-36.2%
Q1 25
-53.0%
Q4 24
19.6%
Q3 24
22.4%
Q2 24
-28.1%
Q4 23
31.9%
Capex Intensity
BNC
BNC
PLX
PLX
Q4 25
4.4%
Q3 25
2.8%
Q2 25
2.8%
Q1 25
3.0%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q4 23
2.4%
Cash Conversion
BNC
BNC
PLX
PLX
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
Q2 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

BNC
BNC

Segment breakdown not available.

PLX
PLX

Products$8.7M95%
Other$428.0K5%

Related Comparisons