vs

Side-by-side financial comparison of CPS TECHNOLOGIES CORP (CPSH) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $8.2M, roughly 1.7× CPS TECHNOLOGIES CORP). CPS TECHNOLOGIES CORP runs the higher net margin — 0.2% vs -34.7%, a 34.9% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 38.3%). Over the past eight quarters, CPS TECHNOLOGIES CORP's revenue compounded faster (17.8% CAGR vs -26.3%).

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

CPSH vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.7× larger
FENC
$13.8M
$8.2M
CPSH
Growing faster (revenue YoY)
FENC
FENC
+35.5% gap
FENC
73.8%
38.3%
CPSH
Higher net margin
CPSH
CPSH
34.9% more per $
CPSH
0.2%
-34.7%
FENC
Faster 2-yr revenue CAGR
CPSH
CPSH
Annualised
CPSH
17.8%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CPSH
CPSH
FENC
FENC
Revenue
$8.2M
$13.8M
Net Profit
$12.6K
$-4.8M
Gross Margin
14.9%
Operating Margin
-1.2%
-18.5%
Net Margin
0.2%
-34.7%
Revenue YoY
38.3%
73.8%
Net Profit YoY
101.3%
-141.1%
EPS (diluted)
$0.00
$-0.17

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
CPSH
CPSH
FENC
FENC
Q4 25
$8.2M
$13.8M
Q3 25
$8.8M
$12.5M
Q2 25
$8.1M
$9.7M
Q1 25
$7.5M
$8.8M
Q4 24
$5.9M
$7.9M
Q3 24
$4.2M
$7.0M
Q2 24
$5.0M
$7.3M
Q1 24
$5.9M
$25.4M
Net Profit
CPSH
CPSH
FENC
FENC
Q4 25
$12.6K
$-4.8M
Q3 25
$208.0K
$-638.0K
Q2 25
$103.8K
$-3.2M
Q1 25
$96.0K
$-1.2M
Q4 24
$-995.2K
$-2.0M
Q3 24
$-1.0M
$-5.7M
Q2 24
$-954.3K
$-5.6M
Q1 24
$-143.2K
$12.8M
Gross Margin
CPSH
CPSH
FENC
FENC
Q4 25
14.9%
Q3 25
17.1%
Q2 25
16.5%
Q1 25
16.4%
Q4 24
-4.6%
Q3 24
-12.3%
Q2 24
-4.6%
Q1 24
15.3%
Operating Margin
CPSH
CPSH
FENC
FENC
Q4 25
-1.2%
-18.5%
Q3 25
3.1%
-1.5%
Q2 25
1.7%
-28.3%
Q1 25
1.7%
-9.2%
Q4 24
-22.2%
-11.8%
Q3 24
-35.0%
-74.6%
Q2 24
-26.1%
-69.4%
Q1 24
-4.4%
54.2%
Net Margin
CPSH
CPSH
FENC
FENC
Q4 25
0.2%
-34.7%
Q3 25
2.4%
-5.1%
Q2 25
1.3%
-32.7%
Q1 25
1.3%
-13.3%
Q4 24
-16.8%
-25.0%
Q3 24
-24.6%
-82.2%
Q2 24
-19.0%
-76.5%
Q1 24
-2.4%
50.6%
EPS (diluted)
CPSH
CPSH
FENC
FENC
Q4 25
$0.00
$-0.17
Q3 25
$0.01
$-0.02
Q2 25
$0.01
$-0.11
Q1 25
$0.01
$-0.04
Q4 24
$-0.07
$-0.02
Q3 24
$-0.07
$-0.21
Q2 24
$-0.07
$-0.20
Q1 24
$-0.01
$0.41

Balance Sheet & Financial Strength

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

Metric
CPSH
CPSH
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$13.2M
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$24.6M
$35.5M
Total Assets
$29.5M
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPSH
CPSH
FENC
FENC
Q4 25
$13.2M
$36.8M
Q3 25
$4.3M
$21.9M
Q2 25
$3.4M
$18.7M
Q1 25
$3.0M
$22.7M
Q4 24
$4.3M
$26.6M
Q3 24
$5.7M
$40.3M
Q2 24
$7.1M
$43.1M
Q1 24
$8.7M
$51.2M
Total Debt
CPSH
CPSH
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$8.1K
$19.3M
Q3 24
$20.1K
$32.1M
Q2 24
$31.9K
$31.8M
Q1 24
$43.5K
$31.3M
Stockholders' Equity
CPSH
CPSH
FENC
FENC
Q4 25
$24.6M
$35.5M
Q3 25
$15.1M
$-4.5M
Q2 25
$14.9M
$-7.5M
Q1 25
$14.7M
$-5.9M
Q4 24
$14.5M
$-5.9M
Q3 24
$15.4M
$-5.2M
Q2 24
$16.4M
$-1.4M
Q1 24
$17.3M
$3.0M
Total Assets
CPSH
CPSH
FENC
FENC
Q4 25
$29.5M
$70.6M
Q3 25
$20.4M
$49.3M
Q2 25
$19.4M
$44.9M
Q1 25
$19.2M
$46.4M
Q4 24
$18.9M
$44.9M
Q3 24
$19.2M
$58.9M
Q2 24
$20.1M
$63.2M
Q1 24
$21.2M
$69.2M
Debt / Equity
CPSH
CPSH
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×
10.40×

Cash Flow & Capital Efficiency

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

Metric
CPSH
CPSH
FENC
FENC
Operating Cash FlowLast quarter
$243.6K
$-6.0M
Free Cash FlowOCF − Capex
$-487.0K
FCF MarginFCF / Revenue
-5.9%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
19.34×
TTM Free Cash FlowTrailing 4 quarters
$-479.6K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPSH
CPSH
FENC
FENC
Q4 25
$243.6K
$-6.0M
Q3 25
$1.1M
$1.5M
Q2 25
$649.3K
$-3.7M
Q1 25
$-1.3M
$-4.3M
Q4 24
$-3.5M
$-1.5M
Q3 24
$-1.2M
$-2.2M
Q2 24
$-1.0M
$-8.4M
Q1 24
$128.9K
$39.0M
Free Cash Flow
CPSH
CPSH
FENC
FENC
Q4 25
$-487.0K
Q3 25
$876.8K
Q2 25
$476.4K
Q1 25
$-1.3M
Q4 24
$-4.5M
Q3 24
$-1.3M
Q2 24
$-1.6M
Q1 24
$-134.5K
FCF Margin
CPSH
CPSH
FENC
FENC
Q4 25
-5.9%
Q3 25
10.0%
Q2 25
5.9%
Q1 25
-17.9%
Q4 24
-75.3%
Q3 24
-29.8%
Q2 24
-31.8%
Q1 24
-2.3%
Capex Intensity
CPSH
CPSH
FENC
FENC
Q4 25
8.9%
Q3 25
2.0%
Q2 25
2.1%
Q1 25
1.2%
Q4 24
16.8%
Q3 24
1.9%
Q2 24
11.0%
Q1 24
4.5%
Cash Conversion
CPSH
CPSH
FENC
FENC
Q4 25
19.34×
Q3 25
5.05×
Q2 25
6.25×
Q1 25
-13.05×
Q4 24
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

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

Related Comparisons