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Side-by-side financial comparison of COGNITION THERAPEUTICS INC (CGTX) and HeartSciences Inc. (HSCS). Click either name above to swap in a different company.

COGNITION THERAPEUTICS INC runs the higher net margin — 91510.0% vs -97179.4%, a 188689.4% gap on every dollar of revenue.

Cognition Therapeutics Inc is a clinical-stage biopharmaceutical firm focused on developing innovative therapies for neurodegenerative and neuropsychiatric disorders including Alzheimer’s disease and dementia. Its core pipeline targets underlying disease mechanisms, with U.S. operations and partnerships to advance treatments for global patient populations.

Meril Life Sciences is an Indian multinational medical device company, with headquarters in Vapi, Gujarat, India. It was founded in 2006 and is a part of the Bilakhia Group. The company is engaged in the manufacturing of vascular intervention devices, orthopedic implants, robotics, endosurgery, ENT products and in-vitro diagnostics. Meril Life Sciences operates in over 150 countries and has employed 10000 people, as of 2024.

CGTX vs HSCS — Head-to-Head

Bigger by revenue
HSCS
HSCS
-0.2× larger
HSCS
$2.4K
$-10.0K
CGTX
Higher net margin
CGTX
CGTX
188689.4% more per $
CGTX
91510.0%
-97179.4%
HSCS

Income Statement — Q1 FY2024 vs Q2 FY2026

Metric
CGTX
CGTX
HSCS
HSCS
Revenue
$-10.0K
$2.4K
Net Profit
$-9.2M
$-2.4M
Gross Margin
58.3%
Operating Margin
141020.0%
-85713.2%
Net Margin
91510.0%
-97179.4%
Revenue YoY
0.0%
Net Profit YoY
-48.3%
-12.9%
EPS (diluted)
$-0.27
$-0.85

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
CGTX
CGTX
HSCS
HSCS
Q4 25
$2.4K
Q3 25
$1.9K
Q1 25
$0
Q1 24
$-10.0K
$14.7K
Q4 23
$3.9K
Q2 23
$0
Q1 23
$1.9K
Q4 22
$0
Net Profit
CGTX
CGTX
HSCS
HSCS
Q4 25
$-2.4M
Q3 25
$-2.1M
Q1 25
$-2.5M
Q1 24
$-9.2M
$-1.6M
Q4 23
$-1.7M
Q2 23
$-1.6M
Q1 23
$-1.3M
Q4 22
$-1.8M
Gross Margin
CGTX
CGTX
HSCS
HSCS
Q4 25
58.3%
Q3 25
60.0%
Q1 25
Q1 24
69.0%
Q4 23
61.0%
Q2 23
Q1 23
61.0%
Q4 22
Operating Margin
CGTX
CGTX
HSCS
HSCS
Q4 25
-85713.2%
Q3 25
-98637.8%
Q1 25
Q1 24
141020.0%
-10376.7%
Q4 23
-40254.9%
Q2 23
Q1 23
-67143.7%
Q4 22
Net Margin
CGTX
CGTX
HSCS
HSCS
Q4 25
-97179.4%
Q3 25
-108157.6%
Q1 25
Q1 24
91510.0%
-11182.4%
Q4 23
-44830.2%
Q2 23
Q1 23
-68826.4%
Q4 22
EPS (diluted)
CGTX
CGTX
HSCS
HSCS
Q4 25
$-0.85
Q3 25
$-1.58
Q1 25
$-2.57
Q1 24
$-0.27
$-3.01
Q4 23
$-15.92
Q2 23
$-79.34
Q1 23
$-0.16
Q4 22
$-0.22

Balance Sheet & Financial Strength

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

Metric
CGTX
CGTX
HSCS
HSCS
Cash + ST InvestmentsLiquidity on hand
$34.7M
$2.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.9M
$4.2M
Total Assets
$38.9M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CGTX
CGTX
HSCS
HSCS
Q4 25
$2.0M
Q3 25
$2.8M
Q1 25
$2.6M
Q1 24
$34.7M
$7.1M
Q4 23
$100.1K
Q2 23
$1.7M
Q1 23
$1.9M
Q4 22
$3.1M
Stockholders' Equity
CGTX
CGTX
HSCS
HSCS
Q4 25
$4.2M
Q3 25
$3.1M
Q1 25
$1.8M
Q1 24
$28.9M
$8.6M
Q4 23
$-1.6M
Q2 23
$230.6K
Q1 23
$-257.9K
Q4 22
$1.1M
Total Assets
CGTX
CGTX
HSCS
HSCS
Q4 25
$6.0M
Q3 25
$6.4M
Q1 25
$5.7M
Q1 24
$38.9M
$10.8M
Q4 23
$2.4M
Q2 23
$3.3M
Q1 23
$3.5M
Q4 22
$4.8M

Cash Flow & Capital Efficiency

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

Metric
CGTX
CGTX
HSCS
HSCS
Operating Cash FlowLast quarter
$-7.2M
$-2.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CGTX
CGTX
HSCS
HSCS
Q4 25
$-2.3M
Q3 25
$-2.0M
Q1 25
$-1.6M
Q1 24
$-7.2M
$-2.1M
Q4 23
$-988.2K
Q2 23
$-1.9M
Q1 23
$-1.0M
Q4 22
$-1.1M
Free Cash Flow
CGTX
CGTX
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q1 24
$-2.1M
Q4 23
$-990.1K
Q2 23
$-1.9M
Q1 23
$-1.0M
Q4 22
FCF Margin
CGTX
CGTX
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q1 24
-14352.1%
Q4 23
-25388.2%
Q2 23
Q1 23
-52486.8%
Q4 22
Capex Intensity
CGTX
CGTX
HSCS
HSCS
Q4 25
Q3 25
Q1 25
Q1 24
59.8%
Q4 23
50.1%
Q2 23
Q1 23
177.9%
Q4 22

Financial Flow Comparison

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

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