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Side-by-side financial comparison of ENvue Medical, Inc. (FEED) and MICROVISION, INC. (MVIS). Click either name above to swap in a different company.

ENvue Medical, Inc. is the larger business by last-quarter revenue ($312.0K vs $223.0K, roughly 1.4× MICROVISION, INC.). On growth, ENvue Medical, Inc. posted the faster year-over-year revenue change (-29.7% vs -86.5%). ENvue Medical, Inc. produced more free cash flow last quarter ($-2.7M vs $-59.4M). Over the past eight quarters, ENvue Medical, Inc.'s revenue compounded faster (-41.8% CAGR vs -51.7%).

ENvue Medical, Inc. is a medical technology firm specializing in advanced enteral feeding systems and related clinical support solutions. It serves healthcare providers, hospitals and long-term care facilities across North America, focusing on improving safety and efficiency of care for patients requiring enteral nutrition support.

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

FEED vs MVIS — Head-to-Head

Bigger by revenue
FEED
FEED
1.4× larger
FEED
$312.0K
$223.0K
MVIS
Growing faster (revenue YoY)
FEED
FEED
+56.8% gap
FEED
-29.7%
-86.5%
MVIS
More free cash flow
FEED
FEED
$56.7M more FCF
FEED
$-2.7M
$-59.4M
MVIS
Faster 2-yr revenue CAGR
FEED
FEED
Annualised
FEED
-41.8%
-51.7%
MVIS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FEED
FEED
MVIS
MVIS
Revenue
$312.0K
$223.0K
Net Profit
$-12.2M
Gross Margin
-118.6%
Operating Margin
-4748.1%
Net Margin
-3919.6%
Revenue YoY
-29.7%
-86.5%
Net Profit YoY
-754.6%
-21.2%
EPS (diluted)
$-28.73

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
FEED
FEED
MVIS
MVIS
Q4 25
$312.0K
$223.0K
Q3 25
$722.0K
$241.0K
Q2 25
$494.0K
$155.0K
Q1 25
$1.0M
$589.0K
Q4 24
$444.0K
$1.6M
Q3 24
$376.0K
$190.0K
Q2 24
$817.0K
$1.9M
Q1 24
$921.0K
$956.0K
Net Profit
FEED
FEED
MVIS
MVIS
Q4 25
$-12.2M
Q3 25
$510.0K
$-14.2M
Q2 25
$-4.0M
$-14.2M
Q1 25
$-2.5M
$-28.8M
Q4 24
$-1.4M
$-31.2M
Q3 24
$-998.0K
$-15.5M
Q2 24
$-688.0K
$-23.9M
Q1 24
$-588.0K
$-26.3M
Gross Margin
FEED
FEED
MVIS
MVIS
Q4 25
-118.6%
Q3 25
26.2%
Q2 25
-7.1%
Q1 25
36.0%
6.6%
Q4 24
63.7%
-149.5%
Q3 24
35.4%
Q2 24
52.4%
18.2%
Q1 24
72.1%
-33.6%
Operating Margin
FEED
FEED
MVIS
MVIS
Q4 25
-4748.1%
Q3 25
-311.2%
-5278.4%
Q2 25
-804.9%
-9455.5%
Q1 25
-180.7%
-2383.7%
Q4 24
-308.6%
-1119.5%
Q3 24
-258.0%
-8266.3%
Q2 24
-82.5%
-1296.4%
Q1 24
-61.7%
-2793.9%
Net Margin
FEED
FEED
MVIS
MVIS
Q4 25
-3919.6%
Q3 25
70.6%
-5899.2%
Q2 25
-803.8%
-9180.0%
Q1 25
-243.4%
-4886.1%
Q4 24
-322.3%
-1888.2%
Q3 24
-265.4%
-8166.8%
Q2 24
-84.2%
-1259.5%
Q1 24
-63.8%
-2752.4%
EPS (diluted)
FEED
FEED
MVIS
MVIS
Q4 25
$-28.73
Q3 25
$-0.91
$-0.05
Q2 25
$-1.03
$-0.06
Q1 25
$3.98
$-0.12
Q4 24
$-108.94
$-0.15
Q3 24
$-3.56
$-0.07
Q2 24
$-27.18
$-0.11
Q1 24
$2.38
$-0.13

Balance Sheet & Financial Strength

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

Metric
FEED
FEED
MVIS
MVIS
Cash + ST InvestmentsLiquidity on hand
$4.2M
$74.9M
Total DebtLower is stronger
$19.2M
Stockholders' EquityBook value
$33.5M
$55.5M
Total Assets
$41.1M
$103.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEED
FEED
MVIS
MVIS
Q4 25
$4.2M
$74.9M
Q3 25
$7.0M
$99.5M
Q2 25
$4.0M
$91.4M
Q1 25
$69.0M
Q4 24
$752.0K
$74.7M
Q3 24
$1.3M
$43.2M
Q2 24
$56.6M
Q1 24
$73.1M
Total Debt
FEED
FEED
MVIS
MVIS
Q4 25
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$1.3M
$30.1M
Q4 24
$33.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FEED
FEED
MVIS
MVIS
Q4 25
$33.5M
$55.5M
Q3 25
$42.5M
$90.7M
Q2 25
$40.5M
$77.1M
Q1 25
$35.7M
$53.2M
Q4 24
$627.0K
$48.8M
Q3 24
$1.9M
$65.9M
Q2 24
$2.8M
$78.7M
Q1 24
$3.5M
$93.8M
Total Assets
FEED
FEED
MVIS
MVIS
Q4 25
$41.1M
$103.1M
Q3 25
$54.4M
$150.8M
Q2 25
$51.5M
$140.6M
Q1 25
$44.1M
$116.7M
Q4 24
$3.6M
$121.2M
Q3 24
$4.7M
$88.3M
Q2 24
$5.7M
$103.4M
Q1 24
$6.2M
$124.2M
Debt / Equity
FEED
FEED
MVIS
MVIS
Q4 25
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.04×
0.57×
Q4 24
0.68×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FEED
FEED
MVIS
MVIS
Operating Cash FlowLast quarter
$-2.7M
$-58.7M
Free Cash FlowOCF − Capex
$-2.7M
$-59.4M
FCF MarginFCF / Revenue
-865.1%
-26636.3%
Capex IntensityCapex / Revenue
7.4%
304.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.4M
$-103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEED
FEED
MVIS
MVIS
Q4 25
$-2.7M
$-58.7M
Q3 25
$-2.0M
$-16.5M
Q2 25
$-3.4M
$-12.7M
Q1 25
$-1.3M
$-14.1M
Q4 24
$-548.0K
$-15.1M
Q3 24
$-836.0K
$-14.1M
Q2 24
$-553.0K
$-18.6M
Q1 24
$-579.0K
$-20.8M
Free Cash Flow
FEED
FEED
MVIS
MVIS
Q4 25
$-2.7M
$-59.4M
Q3 25
$-2.0M
$-16.6M
Q2 25
$-3.4M
$-12.9M
Q1 25
$-1.3M
$-14.2M
Q4 24
$-15.2M
Q3 24
$-14.1M
Q2 24
$-555.0K
$-18.8M
Q1 24
$-580.0K
$-20.9M
FCF Margin
FEED
FEED
MVIS
MVIS
Q4 25
-865.1%
-26636.3%
Q3 25
-276.7%
-6894.6%
Q2 25
-685.6%
-8346.5%
Q1 25
-131.5%
-2410.4%
Q4 24
-918.7%
Q3 24
-7421.1%
Q2 24
-67.9%
-989.5%
Q1 24
-63.0%
-2183.4%
Capex Intensity
FEED
FEED
MVIS
MVIS
Q4 25
7.4%
304.5%
Q3 25
3.9%
53.1%
Q2 25
0.8%
134.2%
Q1 25
0.5%
16.8%
Q4 24
0.0%
6.2%
Q3 24
0.0%
4.7%
Q2 24
0.2%
8.7%
Q1 24
0.1%
11.9%
Cash Conversion
FEED
FEED
MVIS
MVIS
Q4 25
Q3 25
-3.86×
Q2 25
Q1 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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