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Side-by-side financial comparison of electroCore, Inc. (ECOR) and MIND TECHNOLOGY, INC (MIND). Click either name above to swap in a different company.

MIND TECHNOLOGY, INC is the larger business by last-quarter revenue ($9.7M vs $9.2M, roughly 1.0× electroCore, Inc.). MIND TECHNOLOGY, INC runs the higher net margin — 0.6% vs -32.8%, a 33.5% gap on every dollar of revenue. On growth, electroCore, Inc. posted the faster year-over-year revenue change (31.2% vs -20.0%). Over the past eight quarters, electroCore, Inc.'s revenue compounded faster (30.3% CAGR vs -14.9%).

electroCore, Inc. is a medical technology company based in Basking Ridge, New Jersey. electroCore was co-founded in 2005 by JP Errico, Thomas J. Errico, MD, Charles Theofilos, MD, and Peter Staats, MD. The current chief executive officer is Daniel S. Goldberger. electroCore has one product called gammaCore, a non-invasive, commercially available product that uses vagus nerve stimulation.

Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...

ECOR vs MIND — Head-to-Head

Bigger by revenue
MIND
MIND
1.0× larger
MIND
$9.7M
$9.2M
ECOR
Growing faster (revenue YoY)
ECOR
ECOR
+51.1% gap
ECOR
31.2%
-20.0%
MIND
Higher net margin
MIND
MIND
33.5% more per $
MIND
0.6%
-32.8%
ECOR
Faster 2-yr revenue CAGR
ECOR
ECOR
Annualised
ECOR
30.3%
-14.9%
MIND

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ECOR
ECOR
MIND
MIND
Revenue
$9.2M
$9.7M
Net Profit
$-3.0M
$62.0K
Gross Margin
88.4%
46.6%
Operating Margin
-31.8%
8.0%
Net Margin
-32.8%
0.6%
Revenue YoY
31.2%
-20.0%
Net Profit YoY
6.0%
-95.2%
EPS (diluted)
$-0.34

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
ECOR
ECOR
MIND
MIND
Q4 25
$9.2M
$9.7M
Q3 25
$8.7M
$13.6M
Q2 25
$7.4M
$7.9M
Q1 25
$6.7M
$15.0M
Q4 24
$7.0M
$12.1M
Q3 24
$6.6M
$10.0M
Q2 24
$6.1M
$9.7M
Q1 24
$5.4M
$13.4M
Net Profit
ECOR
ECOR
MIND
MIND
Q4 25
$-3.0M
$62.0K
Q3 25
$-3.4M
$1.9M
Q2 25
$-3.7M
$-970.0K
Q1 25
$-3.9M
$2.0M
Q4 24
$-3.2M
$1.3M
Q3 24
$-2.5M
$798.0K
Q2 24
$-2.7M
$954.0K
Q1 24
$-3.5M
$1.4M
Gross Margin
ECOR
ECOR
MIND
MIND
Q4 25
88.4%
46.6%
Q3 25
86.0%
50.4%
Q2 25
87.3%
42.2%
Q1 25
84.9%
43.5%
Q4 24
85.9%
44.8%
Q3 24
83.8%
47.6%
Q2 24
86.3%
43.6%
Q1 24
83.7%
46.7%
Operating Margin
ECOR
ECOR
MIND
MIND
Q4 25
-31.8%
8.0%
Q3 25
-33.2%
19.6%
Q2 25
-47.5%
-8.3%
Q1 25
-56.9%
18.5%
Q4 24
-43.6%
15.5%
Q3 24
-40.4%
14.2%
Q2 24
-42.2%
7.5%
Q1 24
-70.7%
17.3%
Net Margin
ECOR
ECOR
MIND
MIND
Q4 25
-32.8%
0.6%
Q3 25
-39.2%
14.2%
Q2 25
-49.7%
-12.3%
Q1 25
-57.4%
13.5%
Q4 24
-45.8%
10.7%
Q3 24
-38.1%
8.0%
Q2 24
-43.2%
9.9%
Q1 24
-64.4%
10.8%
EPS (diluted)
ECOR
ECOR
MIND
MIND
Q4 25
$-0.34
Q3 25
$-0.40
Q2 25
$-0.44
Q1 25
$-0.47
Q4 24
$-0.37
Q3 24
$-0.31
Q2 24
$-0.38
Q1 24
$-0.53

Balance Sheet & Financial Strength

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

Metric
ECOR
ECOR
MIND
MIND
Cash + ST InvestmentsLiquidity on hand
$11.6M
$19.4M
Total DebtLower is stronger
$7.8M
Stockholders' EquityBook value
$-1.7M
$39.9M
Total Assets
$18.7M
$47.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECOR
ECOR
MIND
MIND
Q4 25
$11.6M
$19.4M
Q3 25
$13.0M
$7.8M
Q2 25
$7.1M
$9.2M
Q1 25
$7.8M
$5.3M
Q4 24
$12.2M
$3.5M
Q3 24
$12.9M
$1.9M
Q2 24
$14.2M
$924.0K
Q1 24
$7.8M
$5.3M
Total Debt
ECOR
ECOR
MIND
MIND
Q4 25
$7.8M
Q3 25
$7.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ECOR
ECOR
MIND
MIND
Q4 25
$-1.7M
$39.9M
Q3 25
$-1.1M
$28.8M
Q2 25
$1.1M
$26.6M
Q1 25
$4.4M
$27.3M
Q4 24
$7.5M
$25.2M
Q3 24
$9.5M
$24.5M
Q2 24
$11.5M
$23.6M
Q1 24
$4.5M
$22.6M
Total Assets
ECOR
ECOR
MIND
MIND
Q4 25
$18.7M
$47.3M
Q3 25
$21.4M
$35.8M
Q2 25
$14.6M
$36.2M
Q1 25
$16.0M
$36.7M
Q4 24
$20.5M
$36.1M
Q3 24
$21.0M
$37.8M
Q2 24
$22.4M
$34.9M
Q1 24
$13.9M
$33.5M

Cash Flow & Capital Efficiency

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

Metric
ECOR
ECOR
MIND
MIND
Operating Cash FlowLast quarter
$-1.5M
$894.0K
Free Cash FlowOCF − Capex
$801.0K
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
0.0%
1.0%
Cash ConversionOCF / Net Profit
14.42×
TTM Free Cash FlowTrailing 4 quarters
$5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECOR
ECOR
MIND
MIND
Q4 25
$-1.5M
$894.0K
Q3 25
$-1.7M
$-1.2M
Q2 25
$-623.0K
$4.1M
Q1 25
$-4.4M
$2.1M
Q4 24
$-1.3M
$2.3M
Q3 24
$-1.4M
$1.1M
Q2 24
$-1.8M
$-4.8M
Q1 24
$-2.6M
$657.0K
Free Cash Flow
ECOR
ECOR
MIND
MIND
Q4 25
$801.0K
Q3 25
$-1.7M
$-1.3M
Q2 25
$-648.0K
$3.8M
Q1 25
$-4.4M
$1.8M
Q4 24
$2.2M
Q3 24
$978.0K
Q2 24
$-4.8M
Q1 24
$566.0K
FCF Margin
ECOR
ECOR
MIND
MIND
Q4 25
8.3%
Q3 25
-19.3%
-9.9%
Q2 25
-8.8%
48.5%
Q1 25
-65.4%
12.2%
Q4 24
18.3%
Q3 24
9.7%
Q2 24
-49.8%
Q1 24
4.2%
Capex Intensity
ECOR
ECOR
MIND
MIND
Q4 25
0.0%
1.0%
Q3 25
0.0%
1.3%
Q2 25
0.3%
3.0%
Q1 25
0.6%
1.5%
Q4 24
0.6%
Q3 24
0.8%
Q2 24
0.7%
Q1 24
0.7%
Cash Conversion
ECOR
ECOR
MIND
MIND
Q4 25
14.42×
Q3 25
-0.60×
Q2 25
Q1 25
1.01×
Q4 24
1.77×
Q3 24
1.33×
Q2 24
-4.98×
Q1 24
0.46×

Financial Flow Comparison

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

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