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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Lakeside Holding Ltd (LSH). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $7.0M, roughly 2.0× Lakeside Holding Ltd). Lakeside Holding Ltd runs the higher net margin — -22.6% vs -34.7%, a 12.2% gap on every dollar of revenue. On growth, Lakeside Holding Ltd posted the faster year-over-year revenue change (95.0% vs 73.8%).

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.

Lakeside Press was a Chicago publishing imprint under which the RR Donnelley Company produced fine books as well as mail order catalogs, telephone directories, encyclopedias, and advertising. The Press was best known for its high quality editions for the Chicago Caxton Club as well as the Lakeside Classics, a series of fine reprints.

FENC vs LSH — Head-to-Head

Bigger by revenue
FENC
FENC
2.0× larger
FENC
$13.8M
$7.0M
LSH
Growing faster (revenue YoY)
LSH
LSH
+21.2% gap
LSH
95.0%
73.8%
FENC
Higher net margin
LSH
LSH
12.2% more per $
LSH
-22.6%
-34.7%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
LSH
LSH
Revenue
$13.8M
$7.0M
Net Profit
$-4.8M
$-1.6M
Gross Margin
27.2%
Operating Margin
-18.5%
-21.3%
Net Margin
-34.7%
-22.6%
Revenue YoY
73.8%
95.0%
Net Profit YoY
-141.1%
18.7%
EPS (diluted)
$-0.17
$-0.08

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
LSH
LSH
Q4 25
$13.8M
$7.0M
Q3 25
$12.5M
$6.1M
Q2 25
$9.7M
$6.3M
Q1 25
$8.8M
$3.8M
Q4 24
$7.9M
$3.6M
Q3 24
$7.0M
$4.1M
Q2 24
$7.3M
Q1 24
$25.4M
Net Profit
FENC
FENC
LSH
LSH
Q4 25
$-4.8M
$-1.6M
Q3 25
$-638.0K
$-1.4M
Q2 25
$-3.2M
$-893.1K
Q1 25
$-1.2M
$-1.1M
Q4 24
$-2.0M
$-1.9M
Q3 24
$-5.7M
$-1.3M
Q2 24
$-5.6M
Q1 24
$12.8M
Gross Margin
FENC
FENC
LSH
LSH
Q4 25
27.2%
Q3 25
18.2%
Q2 25
26.7%
Q1 25
18.8%
Q4 24
-1.2%
Q3 24
12.8%
Q2 24
Q1 24
Operating Margin
FENC
FENC
LSH
LSH
Q4 25
-18.5%
-21.3%
Q3 25
-1.5%
-20.8%
Q2 25
-28.3%
-8.9%
Q1 25
-9.2%
-28.2%
Q4 24
-11.8%
-55.6%
Q3 24
-74.6%
-32.5%
Q2 24
-69.4%
Q1 24
54.2%
Net Margin
FENC
FENC
LSH
LSH
Q4 25
-34.7%
-22.6%
Q3 25
-5.1%
-22.2%
Q2 25
-32.7%
-14.2%
Q1 25
-13.3%
-28.2%
Q4 24
-25.0%
-54.1%
Q3 24
-82.2%
-32.7%
Q2 24
-76.5%
Q1 24
50.6%
EPS (diluted)
FENC
FENC
LSH
LSH
Q4 25
$-0.17
$-0.08
Q3 25
$-0.02
$-0.09
Q2 25
$-0.11
$-0.11
Q1 25
$-0.04
$-0.14
Q4 24
$-0.02
$-0.26
Q3 24
$-0.21
$-0.18
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
LSH
LSH
Cash + ST InvestmentsLiquidity on hand
$36.8M
$1.6M
Total DebtLower is stronger
$2.4M
Stockholders' EquityBook value
$35.5M
$12.2M
Total Assets
$70.6M
$24.3M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
LSH
LSH
Q4 25
$36.8M
$1.6M
Q3 25
$21.9M
$4.5M
Q2 25
$18.7M
$5.0M
Q1 25
$22.7M
$1.5M
Q4 24
$26.6M
$1.1M
Q3 24
$40.3M
$2.7M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
FENC
FENC
LSH
LSH
Q4 25
$2.4M
Q3 25
$19.4M
$2.4M
Q2 25
$19.4M
$1.4M
Q1 25
$19.4M
$774.2K
Q4 24
$19.3M
$784.8K
Q3 24
$32.1M
$589.9K
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
LSH
LSH
Q4 25
$35.5M
$12.2M
Q3 25
$-4.5M
$7.0M
Q2 25
$-7.5M
$2.8M
Q1 25
$-5.9M
$749.8K
Q4 24
$-5.9M
$1.6M
Q3 24
$-5.2M
$3.6M
Q2 24
$-1.4M
Q1 24
$3.0M
Total Assets
FENC
FENC
LSH
LSH
Q4 25
$70.6M
$24.3M
Q3 25
$49.3M
$18.6M
Q2 25
$44.9M
$14.4M
Q1 25
$46.4M
$9.9M
Q4 24
$44.9M
$9.8M
Q3 24
$58.9M
$10.8M
Q2 24
$63.2M
Q1 24
$69.2M
Debt / Equity
FENC
FENC
LSH
LSH
Q4 25
0.20×
Q3 25
0.35×
Q2 25
0.48×
Q1 25
1.03×
Q4 24
0.48×
Q3 24
0.16×
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
LSH
LSH
Operating Cash FlowLast quarter
$-6.0M
$-453.5K
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
FENC
FENC
LSH
LSH
Q4 25
$-6.0M
$-453.5K
Q3 25
$1.5M
$-4.0M
Q2 25
$-3.7M
$-483.7K
Q1 25
$-4.3M
$-238.3K
Q4 24
$-1.5M
$-530.2K
Q3 24
$-2.2M
$-1.4M
Q2 24
$-8.4M
Q1 24
$39.0M
Free Cash Flow
FENC
FENC
LSH
LSH
Q4 25
Q3 25
Q2 25
$-497.4K
Q1 25
Q4 24
$-560.5K
Q3 24
$-1.4M
Q2 24
Q1 24
FCF Margin
FENC
FENC
LSH
LSH
Q4 25
Q3 25
Q2 25
-7.9%
Q1 25
Q4 24
-15.6%
Q3 24
-34.5%
Q2 24
Q1 24
Capex Intensity
FENC
FENC
LSH
LSH
Q4 25
Q3 25
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.8%
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
FENC
FENC
LSH
LSH
Q4 25
Q3 25
Q2 25
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.

Revenue Breakdown by Segment

FENC
FENC

Segment breakdown not available.

LSH
LSH

Transferred Over Time$4.6M65%
Distribution Of Pharmaceutical Products$2.4M35%

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