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Side-by-side financial comparison of Envoy Medical, Inc. (COCH) and Sono Group N.V. (SSM). Click either name above to swap in a different company.

Envoy Medical, Inc. is the larger business by last-quarter revenue ($75.0K vs $52.9K, roughly 1.4× Sono Group N.V.).

Envoy Medical, Inc. is a medical technology firm specializing in developing and commercializing advanced implantable hearing solutions for sensorineural hearing loss patients. Its core products include fully implanted middle ear hearing devices, with primary markets across North America and Europe, serving users who gain limited benefit from conventional external hearing aids.

Sonos, Inc. is an American audio equipment manufacturer headquartered in Santa Barbara, California. The company was founded in 2002 by John MacFarlane, Craig Shelburne, Tom Cullen, and Trung Mai.

COCH vs SSM — Head-to-Head

Bigger by revenue
COCH
COCH
1.4× larger
COCH
$75.0K
$52.9K
SSM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COCH
COCH
SSM
SSM
Revenue
$75.0K
$52.9K
Net Profit
$-6.6M
Gross Margin
-181.3%
28.6%
Operating Margin
-8513.3%
Net Margin
-8781.3%
Revenue YoY
78.6%
Net Profit YoY
-42.6%
EPS (diluted)
$-0.27

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
COCH
COCH
SSM
SSM
Q4 25
$75.0K
$52.9K
Q3 25
$42.0K
$52.9K
Q2 25
$78.0K
$27.0K
Q1 25
$46.0K
$28.1K
Q4 24
$42.0K
Q3 24
$56.0K
$0
Q2 24
$68.0K
$0
Q1 24
$59.0K
Net Profit
COCH
COCH
SSM
SSM
Q4 25
$-6.6M
Q3 25
$-6.5M
$-1.5M
Q2 25
$-5.7M
$-877.0K
Q1 25
$-5.0M
$9.5M
Q4 24
$-4.6M
Q3 24
$-6.0M
$-10.3M
Q2 24
$-3.9M
$-1.6M
Q1 24
$-6.3M
Gross Margin
COCH
COCH
SSM
SSM
Q4 25
-181.3%
28.6%
Q3 25
-383.3%
63.3%
Q2 25
-200.0%
24.0%
Q1 25
-391.3%
23.1%
Q4 24
-273.8%
Q3 24
-233.9%
Q2 24
-260.3%
Q1 24
-159.3%
Operating Margin
COCH
COCH
SSM
SSM
Q4 25
-8513.3%
Q3 25
-13590.5%
-3206.1%
Q2 25
-6500.0%
-7088.0%
Q1 25
-11102.2%
-6410.3%
Q4 24
-10828.6%
Q3 24
-8878.6%
Q2 24
-7135.3%
Q1 24
-8278.0%
Net Margin
COCH
COCH
SSM
SSM
Q4 25
-8781.3%
Q3 25
-15433.3%
-2838.8%
Q2 25
-7294.9%
-3248.0%
Q1 25
-10865.2%
33988.5%
Q4 24
-10995.2%
Q3 24
-10642.9%
Q2 24
-5804.4%
Q1 24
-10627.1%
EPS (diluted)
COCH
COCH
SSM
SSM
Q4 25
$-0.27
Q3 25
$-0.35
Q2 25
$-0.32
Q1 25
$-0.29
Q4 24
$-0.40
Q3 24
$-0.39
Q2 24
$-0.29
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
COCH
COCH
SSM
SSM
Cash + ST InvestmentsLiquidity on hand
$222.5K
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.2M
$-115.6K
Total Assets
$8.6M
$1.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COCH
COCH
SSM
SSM
Q4 25
$222.5K
Q3 25
$2.4M
Q2 25
$366.1K
Q1 25
$865.1K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
COCH
COCH
SSM
SSM
Q4 25
$-12.2M
$-115.6K
Q3 25
$-7.7M
$2.7M
Q2 25
$-29.9M
$-15.8M
Q1 25
$-24.2M
$-15.0M
Q4 24
$-18.8M
Q3 24
$-18.5M
$-19.2M
Q2 24
$-12.4M
$-8.9M
Q1 24
$-7.4M
Total Assets
COCH
COCH
SSM
SSM
Q4 25
$8.6M
$1.5M
Q3 25
$8.2M
$4.3M
Q2 25
$9.9M
$2.2M
Q1 25
$10.4M
$2.7M
Q4 24
$11.5M
Q3 24
$9.4M
Q2 24
$6.7M
Q1 24
$8.5M

Cash Flow & Capital Efficiency

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

Metric
COCH
COCH
SSM
SSM
Operating Cash FlowLast quarter
$-5.7M
$-7.3M
Free Cash FlowOCF − Capex
$-5.9M
FCF MarginFCF / Revenue
-7809.3%
Capex IntensityCapex / Revenue
229.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COCH
COCH
SSM
SSM
Q4 25
$-5.7M
$-7.3M
Q3 25
$-4.3M
Q2 25
$-4.5M
Q1 25
$-3.7M
$-2.3M
Q4 24
$-5.1M
Q3 24
$-2.6M
Q2 24
$-4.6M
Q1 24
$-5.6M
Free Cash Flow
COCH
COCH
SSM
SSM
Q4 25
$-5.9M
Q3 25
Q2 25
$-4.5M
Q1 25
$-3.7M
Q4 24
Q3 24
$-3.8M
Q2 24
Q1 24
$-5.7M
FCF Margin
COCH
COCH
SSM
SSM
Q4 25
-7809.3%
Q3 25
Q2 25
-5719.2%
Q1 25
-8110.9%
Q4 24
Q3 24
-6750.0%
Q2 24
Q1 24
-9657.6%
Capex Intensity
COCH
COCH
SSM
SSM
Q4 25
229.3%
Q3 25
0.0%
Q2 25
1.3%
Q1 25
13.0%
Q4 24
Q3 24
2066.1%
Q2 24
Q1 24
184.7%
Cash Conversion
COCH
COCH
SSM
SSM
Q4 25
Q3 25
Q2 25
Q1 25
-0.25×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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