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Side-by-side financial comparison of CollPlant Biotechnologies Ltd (CLGN) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

CollPlant Biotechnologies Ltd is the larger business by last-quarter revenue ($10.2M vs $6.1M, roughly 1.7× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, CollPlant Biotechnologies Ltd posted the faster year-over-year revenue change (15330.3% vs 2091.6%).

CollPlant Biotechnologies Ltd is a regenerative medicine company focused on developing and commercializing advanced products using its proprietary plant-derived human collagen technology. Its core offerings cover wound care, soft tissue repair, and aesthetic medicine solutions, targeting key markets across North America, Europe, and Israel, serving healthcare providers in dermatology, orthopedics and cosmetic care segments.

Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.

CLGN vs IPM — Head-to-Head

Bigger by revenue
CLGN
CLGN
1.7× larger
CLGN
$10.2M
$6.1M
IPM
Growing faster (revenue YoY)
CLGN
CLGN
+13238.7% gap
CLGN
15330.3%
2091.6%
IPM

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
CLGN
CLGN
IPM
IPM
Revenue
$10.2M
$6.1M
Net Profit
$5.8M
Gross Margin
94.0%
53.1%
Operating Margin
55.7%
-13.4%
Net Margin
56.6%
Revenue YoY
15330.3%
2091.6%
Net Profit YoY
234.5%
EPS (diluted)
$0.49
$-0.05

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
CLGN
CLGN
IPM
IPM
Q4 25
$6.1M
Q3 25
$6.2M
Q2 25
$5.7M
Q1 25
$5.5M
Q4 23
$-7.3M
Q3 23
$2.8M
Q2 23
$10.2M
$3.0M
Q1 23
$2.6M
Net Profit
CLGN
CLGN
IPM
IPM
Q4 25
Q3 25
$-1.1M
Q2 25
$-1.1M
Q1 25
$808.5K
Q4 23
Q3 23
$-181.6K
Q2 23
$5.8M
$135.6K
Q1 23
$-738.3K
Gross Margin
CLGN
CLGN
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 23
Q3 23
70.1%
Q2 23
94.0%
73.8%
Q1 23
68.7%
Operating Margin
CLGN
CLGN
IPM
IPM
Q4 25
-13.4%
Q3 25
-23.0%
Q2 25
-19.7%
Q1 25
-24.2%
Q4 23
Q3 23
-14.1%
Q2 23
55.7%
-9.4%
Q1 23
-35.5%
Net Margin
CLGN
CLGN
IPM
IPM
Q4 25
Q3 25
-17.4%
Q2 25
-18.3%
Q1 25
14.7%
Q4 23
Q3 23
-6.6%
Q2 23
56.6%
4.6%
Q1 23
-28.8%
EPS (diluted)
CLGN
CLGN
IPM
IPM
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$0.06
Q4 23
$-0.03
Q3 23
$-0.02
Q2 23
$0.49
$0.01
Q1 23
$-0.08

Balance Sheet & Financial Strength

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

Metric
CLGN
CLGN
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$22.3M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$36.0M
$18.2M
Total Assets
$41.6M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLGN
CLGN
IPM
IPM
Q4 25
$5.6M
Q3 25
$7.3M
Q2 25
$7.3M
Q1 25
$9.7M
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$22.3M
$13.7M
Q1 23
$13.9M
Stockholders' Equity
CLGN
CLGN
IPM
IPM
Q4 25
$18.2M
Q3 25
$18.8M
Q2 25
$19.9M
Q1 25
$21.1M
Q4 23
$20.1M
Q3 23
$20.4M
Q2 23
$36.0M
$20.5M
Q1 23
$20.3M
Total Assets
CLGN
CLGN
IPM
IPM
Q4 25
$26.0M
Q3 25
$27.2M
Q2 25
$29.8M
Q1 25
$31.1M
Q4 23
$23.9M
Q3 23
$24.1M
Q2 23
$41.6M
$24.4M
Q1 23
$24.3M

Cash Flow & Capital Efficiency

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

Metric
CLGN
CLGN
IPM
IPM
Operating Cash FlowLast quarter
$87.6K
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
CLGN
CLGN
IPM
IPM
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-888.7K
Q1 25
$1.7M
Q4 23
$-99.0K
Q3 23
$16.1K
Q2 23
$-193.8K
Q1 23
$-803.0K
Capex Intensity
CLGN
CLGN
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23
Cash Conversion
CLGN
CLGN
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 23
Q3 23
Q2 23
-1.43×
Q1 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLGN
CLGN

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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