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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Lake Shore Bancorp, Inc. (LSBK). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $7.4M, roughly 1.9× Lake Shore Bancorp, Inc.). Lake Shore Bancorp, Inc. runs the higher net margin — 31.8% vs -34.7%, a 66.5% gap on every dollar of revenue.

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.

Lake Shore Bancorp, Inc. (Maryland) is a U.S. regional bank holding company that operates via its banking subsidiary, offering retail and commercial banking services including deposits, loans, mortgages and wealth management, primarily serving individuals and SMEs across local communities in Maryland.

FENC vs LSBK — Head-to-Head

Bigger by revenue
FENC
FENC
1.9× larger
FENC
$13.8M
$7.4M
LSBK
Higher net margin
LSBK
LSBK
66.5% more per $
LSBK
31.8%
-34.7%
FENC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FENC
FENC
LSBK
LSBK
Revenue
$13.8M
$7.4M
Net Profit
$-4.8M
$2.4M
Gross Margin
Operating Margin
-18.5%
38.4%
Net Margin
-34.7%
31.8%
Revenue YoY
73.8%
Net Profit YoY
-141.1%
EPS (diluted)
$-0.17
$0.32

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
FENC
FENC
LSBK
LSBK
Q4 25
$13.8M
Q3 25
$12.5M
$7.4M
Q2 25
$9.7M
$6.9M
Q1 25
$8.8M
Q4 24
$7.9M
Q3 24
$7.0M
Q2 24
$7.3M
Q1 24
$25.4M
Net Profit
FENC
FENC
LSBK
LSBK
Q4 25
$-4.8M
Q3 25
$-638.0K
$2.4M
Q2 25
$-3.2M
$1.9M
Q1 25
$-1.2M
Q4 24
$-2.0M
Q3 24
$-5.7M
Q2 24
$-5.6M
Q1 24
$12.8M
Operating Margin
FENC
FENC
LSBK
LSBK
Q4 25
-18.5%
Q3 25
-1.5%
38.4%
Q2 25
-28.3%
33.2%
Q1 25
-9.2%
Q4 24
-11.8%
Q3 24
-74.6%
Q2 24
-69.4%
Q1 24
54.2%
Net Margin
FENC
FENC
LSBK
LSBK
Q4 25
-34.7%
Q3 25
-5.1%
31.8%
Q2 25
-32.7%
27.7%
Q1 25
-13.3%
Q4 24
-25.0%
Q3 24
-82.2%
Q2 24
-76.5%
Q1 24
50.6%
EPS (diluted)
FENC
FENC
LSBK
LSBK
Q4 25
$-0.17
Q3 25
$-0.02
$0.32
Q2 25
$-0.11
$0.34
Q1 25
$-0.04
Q4 24
$-0.02
Q3 24
$-0.21
Q2 24
$-0.20
Q1 24
$0.41

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
LSBK
LSBK
Cash + ST InvestmentsLiquidity on hand
$36.8M
$83.6M
Total DebtLower is stronger
$2.0M
Stockholders' EquityBook value
$35.5M
$139.3M
Total Assets
$70.6M
$742.8M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
LSBK
LSBK
Q4 25
$36.8M
Q3 25
$21.9M
$83.6M
Q2 25
$18.7M
$75.4M
Q1 25
$22.7M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
FENC
FENC
LSBK
LSBK
Q4 25
Q3 25
$19.4M
$2.0M
Q2 25
$19.4M
$2.0M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
LSBK
LSBK
Q4 25
$35.5M
Q3 25
$-4.5M
$139.3M
Q2 25
$-7.5M
$92.9M
Q1 25
$-5.9M
Q4 24
$-5.9M
Q3 24
$-5.2M
Q2 24
$-1.4M
Q1 24
$3.0M
Total Assets
FENC
FENC
LSBK
LSBK
Q4 25
$70.6M
Q3 25
$49.3M
$742.8M
Q2 25
$44.9M
$734.8M
Q1 25
$46.4M
Q4 24
$44.9M
Q3 24
$58.9M
Q2 24
$63.2M
Q1 24
$69.2M
Debt / Equity
FENC
FENC
LSBK
LSBK
Q4 25
Q3 25
0.01×
Q2 25
0.02×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
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
FENC
FENC
LSBK
LSBK
Operating Cash FlowLast quarter
$-6.0M
$3.3M
Free Cash FlowOCF − Capex
$3.3M
FCF MarginFCF / Revenue
44.4%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
LSBK
LSBK
Q4 25
$-6.0M
Q3 25
$1.5M
$3.3M
Q2 25
$-3.7M
$2.5M
Q1 25
$-4.3M
Q4 24
$-1.5M
Q3 24
$-2.2M
Q2 24
$-8.4M
Q1 24
$39.0M
Free Cash Flow
FENC
FENC
LSBK
LSBK
Q4 25
Q3 25
$3.3M
Q2 25
$2.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
FENC
FENC
LSBK
LSBK
Q4 25
Q3 25
44.4%
Q2 25
28.5%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
FENC
FENC
LSBK
LSBK
Q4 25
Q3 25
0.6%
Q2 25
7.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
FENC
FENC
LSBK
LSBK
Q4 25
Q3 25
1.42×
Q2 25
1.31×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

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

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