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Side-by-side financial comparison of CollPlant Biotechnologies Ltd (CLGN) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.

Recon Technology, Ltd is the larger business by last-quarter revenue ($12.2M vs $10.2M, roughly 1.2× CollPlant Biotechnologies Ltd). CollPlant Biotechnologies Ltd runs the higher net margin — 56.6% vs -6.8%, a 63.4% gap on every dollar of revenue. On growth, CollPlant Biotechnologies Ltd posted the faster year-over-year revenue change (15330.3% vs 111.0%).

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.

Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.

CLGN vs RCON — Head-to-Head

Bigger by revenue
RCON
RCON
1.2× larger
RCON
$12.2M
$10.2M
CLGN
Growing faster (revenue YoY)
CLGN
CLGN
+15219.3% gap
CLGN
15330.3%
111.0%
RCON
Higher net margin
CLGN
CLGN
63.4% more per $
CLGN
56.6%
-6.8%
RCON

Income Statement — Q2 FY2023 vs Q2 FY2026

Metric
CLGN
CLGN
RCON
RCON
Revenue
$10.2M
$12.2M
Net Profit
$5.8M
$-832.7K
Gross Margin
94.0%
33.5%
Operating Margin
55.7%
-14.6%
Net Margin
56.6%
-6.8%
Revenue YoY
15330.3%
111.0%
Net Profit YoY
234.5%
70.5%
EPS (diluted)
$0.49
$-0.09

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
RCON
RCON
Q4 25
$12.2M
Q4 24
$5.8M
Q4 23
$6.4M
Q2 23
$10.2M
Net Profit
CLGN
CLGN
RCON
RCON
Q4 25
$-832.7K
Q4 24
$-2.8M
Q4 23
$-3.2M
Q2 23
$5.8M
Gross Margin
CLGN
CLGN
RCON
RCON
Q4 25
33.5%
Q4 24
31.7%
Q4 23
26.7%
Q2 23
94.0%
Operating Margin
CLGN
CLGN
RCON
RCON
Q4 25
-14.6%
Q4 24
-63.9%
Q4 23
-50.4%
Q2 23
55.7%
Net Margin
CLGN
CLGN
RCON
RCON
Q4 25
-6.8%
Q4 24
-48.9%
Q4 23
-49.8%
Q2 23
56.6%
EPS (diluted)
CLGN
CLGN
RCON
RCON
Q4 25
$-0.09
Q4 24
$-0.31
Q4 23
$-1.16
Q2 23
$0.49

Balance Sheet & Financial Strength

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

Metric
CLGN
CLGN
RCON
RCON
Cash + ST InvestmentsLiquidity on hand
$22.3M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$36.0M
$66.4M
Total Assets
$41.6M
$77.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLGN
CLGN
RCON
RCON
Q4 25
$10.7M
Q4 24
$19.9M
Q4 23
$36.0M
Q2 23
$22.3M
Stockholders' Equity
CLGN
CLGN
RCON
RCON
Q4 25
$66.4M
Q4 24
$66.9M
Q4 23
$60.0M
Q2 23
$36.0M
Total Assets
CLGN
CLGN
RCON
RCON
Q4 25
$77.6M
Q4 24
$74.2M
Q4 23
$68.1M
Q2 23
$41.6M

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
RCON
RCON
Operating Cash FlowLast quarter
$-1.9M
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
RCON
RCON
Q4 25
$-1.9M
Q4 24
$-1.7M
Q4 23
$-931.0K
Q2 23

Financial Flow Comparison

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

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