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

Electrovaya Inc. is the larger business by last-quarter revenue ($17.1M vs $9.5M, roughly 1.8× Cellectis S.A.). Electrovaya Inc. runs the higher net margin — 5.3% vs -265.9%, a 271.2% gap on every dollar of revenue. Cellectis S.A. produced more free cash flow last quarter ($27.6M vs $-9.7M).

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.

Electrovaya Inc. is a developer and manufacturer of Lithium-ion batteries and battery systems for the automotive, warehousing, autonomous guided vehicles, and energy storage applications. The company has operations in NY State and based in Ontario, Canada.

CLLS vs ELVA — Head-to-Head

Bigger by revenue
ELVA
ELVA
1.8× larger
ELVA
$17.1M
$9.5M
CLLS
Higher net margin
ELVA
ELVA
271.2% more per $
ELVA
5.3%
-265.9%
CLLS
More free cash flow
CLLS
CLLS
$37.3M more FCF
CLLS
$27.6M
$-9.7M
ELVA

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
CLLS
CLLS
ELVA
ELVA
Revenue
$9.5M
$17.1M
Net Profit
$-25.3M
$907.0K
Gross Margin
30.8%
Operating Margin
-181.1%
Net Margin
-265.9%
5.3%
Revenue YoY
375.0%
Net Profit YoY
-51.9%
EPS (diluted)
$-0.28
$0.02

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
CLLS
CLLS
ELVA
ELVA
Q2 25
$17.1M
Q2 24
$9.5M
Q3 23
$1.6M
Q2 23
$2.0M
Q2 22
$2.7M
Net Profit
CLLS
CLLS
ELVA
ELVA
Q2 25
$907.0K
Q2 24
$-25.3M
Q3 23
$-17.5M
Q2 23
$-16.6M
Q2 22
$-19.5M
Gross Margin
CLLS
CLLS
ELVA
ELVA
Q2 25
30.8%
Q2 24
Q3 23
Q2 23
97.3%
Q2 22
87.9%
Operating Margin
CLLS
CLLS
ELVA
ELVA
Q2 25
Q2 24
-181.1%
Q3 23
-1258.1%
Q2 23
-1180.5%
Q2 22
-1003.0%
Net Margin
CLLS
CLLS
ELVA
ELVA
Q2 25
5.3%
Q2 24
-265.9%
Q3 23
-1064.1%
Q2 23
-831.6%
Q2 22
-714.4%
EPS (diluted)
CLLS
CLLS
ELVA
ELVA
Q2 25
$0.02
Q2 24
$-0.28
Q3 23
$-0.31
Q2 23
$-0.20
Q2 22
$-0.42

Balance Sheet & Financial Strength

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

Metric
CLLS
CLLS
ELVA
ELVA
Cash + ST InvestmentsLiquidity on hand
$149.0M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$148.6M
$22.3M
Total Assets
$407.1M
$53.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLLS
CLLS
ELVA
ELVA
Q2 25
$1.3M
Q2 24
$149.0M
Q3 23
Q2 23
$84.4M
Q2 22
$129.4M
Stockholders' Equity
CLLS
CLLS
ELVA
ELVA
Q2 25
$22.3M
Q2 24
$148.6M
Q3 23
$76.1M
Q2 23
$96.6M
Q2 22
$180.5M
Total Assets
CLLS
CLLS
ELVA
ELVA
Q2 25
$53.9M
Q2 24
$407.1M
Q3 23
$209.7M
Q2 23
$227.7M
Q2 22
$320.9M

Cash Flow & Capital Efficiency

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

Metric
CLLS
CLLS
ELVA
ELVA
Operating Cash FlowLast quarter
$28.9M
$-7.3M
Free Cash FlowOCF − Capex
$27.6M
$-9.7M
FCF MarginFCF / Revenue
290.5%
-56.8%
Capex IntensityCapex / Revenue
13.2%
14.1%
Cash ConversionOCF / Net Profit
-8.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLLS
CLLS
ELVA
ELVA
Q2 25
$-7.3M
Q2 24
$28.9M
Q3 23
Q2 23
$-47.4M
Q2 22
$-60.2M
Free Cash Flow
CLLS
CLLS
ELVA
ELVA
Q2 25
$-9.7M
Q2 24
$27.6M
Q3 23
Q2 23
$-47.9M
Q2 22
$-61.7M
FCF Margin
CLLS
CLLS
ELVA
ELVA
Q2 25
-56.8%
Q2 24
290.5%
Q3 23
Q2 23
-2391.4%
Q2 22
-2266.7%
Capex Intensity
CLLS
CLLS
ELVA
ELVA
Q2 25
14.1%
Q2 24
13.2%
Q3 23
Q2 23
24.1%
Q2 22
56.6%
Cash Conversion
CLLS
CLLS
ELVA
ELVA
Q2 25
-8.06×
Q2 24
Q3 23
Q2 23
Q2 22

Financial Flow Comparison

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

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