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Side-by-side financial comparison of Electrovaya Inc. (ELVA) and SCYNEXIS INC (SCYX). Click either name above to swap in a different company.

SCYNEXIS INC is the larger business by last-quarter revenue ($18.6M vs $17.1M, roughly 1.1× Electrovaya Inc.). SCYNEXIS INC runs the higher net margin — 65.7% vs 5.3%, a 60.4% gap on every dollar of revenue.

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.

SCYNEXIS Inc. is a biotechnology company focused on developing innovative antifungal therapies to address unmet medical needs for difficult-to-treat fungal infections. It targets hospital and specialty care markets, with key product candidates serving immunocompromised patients and other high-risk groups.

ELVA vs SCYX — Head-to-Head

Bigger by revenue
SCYX
SCYX
1.1× larger
SCYX
$18.6M
$17.1M
ELVA
Higher net margin
SCYX
SCYX
60.4% more per $
SCYX
65.7%
5.3%
ELVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELVA
ELVA
SCYX
SCYX
Revenue
$17.1M
$18.6M
Net Profit
$907.0K
$12.3M
Gross Margin
30.8%
Operating Margin
56.3%
Net Margin
5.3%
65.7%
Revenue YoY
1808.5%
Net Profit YoY
376.5%
EPS (diluted)
$0.02
$0.25

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
ELVA
ELVA
SCYX
SCYX
Q4 25
$18.6M
Q3 25
$334.0K
Q2 25
$17.1M
$1.4M
Q1 25
$257.0K
Q4 24
$977.0K
Q3 24
$660.0K
Q2 24
$736.0K
Q1 24
$1.4M
Net Profit
ELVA
ELVA
SCYX
SCYX
Q4 25
$12.3M
Q3 25
$-8.6M
Q2 25
$907.0K
$-6.9M
Q1 25
$-5.4M
Q4 24
Q3 24
$-2.8M
Q2 24
$-14.5M
Q1 24
$411.0K
Gross Margin
ELVA
ELVA
SCYX
SCYX
Q4 25
Q3 25
Q2 25
30.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ELVA
ELVA
SCYX
SCYX
Q4 25
56.3%
Q3 25
-2516.5%
Q2 25
-701.0%
Q1 25
-3350.2%
Q4 24
Q3 24
-1563.6%
Q2 24
-1255.0%
Q1 24
-692.5%
Net Margin
ELVA
ELVA
SCYX
SCYX
Q4 25
65.7%
Q3 25
-2572.2%
Q2 25
5.3%
-504.8%
Q1 25
-2097.7%
Q4 24
Q3 24
-425.5%
Q2 24
-1964.4%
Q1 24
29.9%
EPS (diluted)
ELVA
ELVA
SCYX
SCYX
Q4 25
$0.25
Q3 25
$-0.17
Q2 25
$0.02
$-0.14
Q1 25
$-0.11
Q4 24
Q3 24
$-0.06
Q2 24
$-0.30
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
ELVA
ELVA
SCYX
SCYX
Cash + ST InvestmentsLiquidity on hand
$1.3M
$40.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.3M
$49.4M
Total Assets
$53.9M
$59.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
SCYX
SCYX
Q4 25
$40.0M
Q3 25
$37.9M
Q2 25
$1.3M
$44.8M
Q1 25
$40.6M
Q4 24
$59.3M
Q3 24
$68.8M
Q2 24
$73.0M
Q1 24
$80.2M
Stockholders' Equity
ELVA
ELVA
SCYX
SCYX
Q4 25
$49.4M
Q3 25
$36.4M
Q2 25
$22.3M
$44.5M
Q1 25
$50.5M
Q4 24
$55.1M
Q3 24
$58.5M
Q2 24
$60.4M
Q1 24
$74.1M
Total Assets
ELVA
ELVA
SCYX
SCYX
Q4 25
$59.0M
Q3 25
$51.1M
Q2 25
$53.9M
$60.7M
Q1 25
$67.9M
Q4 24
$90.6M
Q3 24
$99.0M
Q2 24
$107.8M
Q1 24
$118.3M

Cash Flow & Capital Efficiency

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

Metric
ELVA
ELVA
SCYX
SCYX
Operating Cash FlowLast quarter
$-7.3M
$18.4M
Free Cash FlowOCF − Capex
$-9.7M
FCF MarginFCF / Revenue
-56.8%
Capex IntensityCapex / Revenue
14.1%
Cash ConversionOCF / Net Profit
-8.06×
1.50×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
SCYX
SCYX
Q4 25
$18.4M
Q3 25
$-8.7M
Q2 25
$-7.3M
$-7.5M
Q1 25
$-7.5M
Q4 24
$-24.0M
Q3 24
$765.0K
Q2 24
$-10.9M
Q1 24
$-4.0M
Free Cash Flow
ELVA
ELVA
SCYX
SCYX
Q4 25
Q3 25
Q2 25
$-9.7M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ELVA
ELVA
SCYX
SCYX
Q4 25
Q3 25
Q2 25
-56.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ELVA
ELVA
SCYX
SCYX
Q4 25
Q3 25
Q2 25
14.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ELVA
ELVA
SCYX
SCYX
Q4 25
1.50×
Q3 25
Q2 25
-8.06×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-9.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELVA
ELVA

Segment breakdown not available.

SCYX
SCYX

Glaxosmithkline Intellectual Property$17.2M92%
Products$1.4M8%

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