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Side-by-side financial comparison of CervoMed Inc. (CRVO) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.

CervoMed Inc. is the larger business by last-quarter revenue ($1.8M vs $919.3K, roughly 1.9× Laser Photonics Corp). CervoMed Inc. runs the higher net margin — -356.1% vs -506.4%, a 150.4% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -46.6%). Over the past eight quarters, CervoMed Inc.'s revenue compounded faster (7.3% CAGR vs -3.9%).

CervoMed Inc. is a clinical-stage biopharmaceutical company focused on developing novel therapies for neurodegenerative conditions such as Alzheimer’s disease and other forms of dementia. It operates in the global biopharmaceutical market, with core R&D segments dedicated to addressing unmet medical needs for patients with progressive brain disorders.

IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.

CRVO vs LASE — Head-to-Head

Bigger by revenue
CRVO
CRVO
1.9× larger
CRVO
$1.8M
$919.3K
LASE
Growing faster (revenue YoY)
LASE
LASE
+74.8% gap
LASE
28.3%
-46.6%
CRVO
Higher net margin
CRVO
CRVO
150.4% more per $
CRVO
-356.1%
-506.4%
LASE
Faster 2-yr revenue CAGR
CRVO
CRVO
Annualised
CRVO
7.3%
-3.9%
LASE

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CRVO
CRVO
LASE
LASE
Revenue
$1.8M
$919.3K
Net Profit
$-6.3M
$-4.7M
Gross Margin
-20.1%
Operating Margin
-376.4%
-350.0%
Net Margin
-356.1%
-506.4%
Revenue YoY
-46.6%
28.3%
Net Profit YoY
-170.1%
-186.5%
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
CRVO
CRVO
LASE
LASE
Q3 25
$919.3K
Q2 25
$1.8M
$2.6M
Q1 25
$1.9M
$2.3M
Q4 24
$2.2M
$1.3M
Q3 24
$1.9M
$716.7K
Q2 24
$3.3M
$623.4K
Q1 24
$2.3M
$743.0K
Q4 23
$2.5M
$994.6K
Net Profit
CRVO
CRVO
LASE
LASE
Q3 25
$-4.7M
Q2 25
$-6.3M
$-1.8M
Q1 25
$-4.9M
$-1.7M
Q4 24
$-6.7M
$586.4K
Q3 24
$-4.8M
$-1.6M
Q2 24
$-2.3M
$-934.3K
Q1 24
$-2.5M
$-545.7K
Q4 23
$-2.4M
$-486.6K
Gross Margin
CRVO
CRVO
LASE
LASE
Q3 25
-20.1%
Q2 25
53.5%
Q1 25
49.8%
Q4 24
13.3%
Q3 24
85.0%
Q2 24
50.6%
Q1 24
51.9%
Q4 23
84.5%
Operating Margin
CRVO
CRVO
LASE
LASE
Q3 25
-350.0%
Q2 25
-376.4%
-37.0%
Q1 25
-276.6%
-68.7%
Q4 24
-334.9%
-255.1%
Q3 24
-278.2%
-238.0%
Q2 24
-91.1%
-149.4%
Q1 24
-110.6%
-73.8%
Q4 23
-99.6%
-88.4%
Net Margin
CRVO
CRVO
LASE
LASE
Q3 25
-506.4%
Q2 25
-356.1%
-68.3%
Q1 25
-255.2%
-73.4%
Q4 24
-310.2%
45.7%
Q3 24
-245.1%
-226.8%
Q2 24
-70.4%
-149.9%
Q1 24
-107.1%
-73.4%
Q4 23
-94.9%
-48.9%
EPS (diluted)
CRVO
CRVO
LASE
LASE
Q3 25
$-0.27
Q2 25
$-0.12
Q1 25
$-0.12
Q4 24
$0.06
Q3 24
$-0.55
$-0.13
Q2 24
$-0.09
Q1 24
$-0.06
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
CRVO
CRVO
LASE
LASE
Cash + ST InvestmentsLiquidity on hand
$33.5M
$3.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$33.4M
$4.1M
Total Assets
$38.1M
$17.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRVO
CRVO
LASE
LASE
Q3 25
$3.6M
Q2 25
$33.5M
$78.5K
Q1 25
$35.2M
$179.1K
Q4 24
$38.9M
$533.9K
Q3 24
$46.7M
$2.1M
Q2 24
$45.1M
$2.7M
Q1 24
$6.4M
$5.2M
Q4 23
$7.8M
$6.2M
Stockholders' Equity
CRVO
CRVO
LASE
LASE
Q3 25
$4.1M
Q2 25
$33.4M
$4.3M
Q1 25
$34.6M
$6.8M
Q4 24
$39.2M
$10.2M
Q3 24
$45.6M
$9.7M
Q2 24
$50.0M
$10.3M
Q1 24
$5.3M
$12.4M
Q4 23
$7.4M
$13.9M
Total Assets
CRVO
CRVO
LASE
LASE
Q3 25
$17.5M
Q2 25
$38.1M
$14.9M
Q1 25
$38.6M
$16.0M
Q4 24
$43.1M
$17.2M
Q3 24
$48.9M
$10.6M
Q2 24
$53.2M
$11.1M
Q1 24
$8.0M
$13.6M
Q4 23
$10.0M
$15.1M

Cash Flow & Capital Efficiency

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

Metric
CRVO
CRVO
LASE
LASE
Operating Cash FlowLast quarter
$-6.5M
$763.1K
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
CRVO
CRVO
LASE
LASE
Q3 25
$763.1K
Q2 25
$-6.5M
$-1.0M
Q1 25
$-3.9M
$-1.2M
Q4 24
$-8.1M
$-6.5M
Q3 24
$-4.9M
$632.7K
Q2 24
$-2.2M
$-2.4M
Q1 24
$-1.4M
$-866.3K
Q4 23
$-2.5M
$-2.0M
Free Cash Flow
CRVO
CRVO
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$589.6K
Q2 24
$-2.4M
Q1 24
$-1.0M
Q4 23
FCF Margin
CRVO
CRVO
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
82.3%
Q2 24
-388.0%
Q1 24
-136.9%
Q4 23
Capex Intensity
CRVO
CRVO
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.0%
Q2 24
5.1%
Q1 24
20.3%
Q4 23
Cash Conversion
CRVO
CRVO
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
-11.11×
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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