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Side-by-side financial comparison of Galiano Gold Inc. (GAU) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $166.8M, roughly 1.5× Galiano Gold Inc.).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

GAU vs PCLA — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.5× larger
PCLA
$252.6M
$166.8M
GAU

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
GAU
GAU
PCLA
PCLA
Revenue
$166.8M
$252.6M
Net Profit
$-316.2M
Gross Margin
Operating Margin
24.3%
-114.8%
Net Margin
-125.2%
Revenue YoY
Net Profit YoY
EPS (diluted)

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
GAU
GAU
PCLA
PCLA
Q3 25
$166.8M
Q2 25
$95.7M
Q1 25
$31.7M
$252.6M
Q3 24
$71.1M
Q2 24
$64.0M
Q1 24
$31.7M
Q3 23
$239.3M
Q2 23
$162.4M
Net Profit
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
$4.1M
Q1 25
$-3.2M
$-316.2M
Q3 24
$1.1M
Q2 24
$8.8M
Q1 24
Q3 23
$19.5M
Q2 23
$2.2M
Operating Margin
GAU
GAU
PCLA
PCLA
Q3 25
24.3%
Q2 25
18.4%
Q1 25
8.2%
-114.8%
Q3 24
Q2 24
Q1 24
17.2%
Q3 23
9.1%
Q2 23
-0.0%
Net Margin
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
4.3%
Q1 25
-10.1%
-125.2%
Q3 24
1.5%
Q2 24
13.8%
Q1 24
Q3 23
8.2%
Q2 23
1.3%

Balance Sheet & Financial Strength

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

Metric
GAU
GAU
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$456.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
Total Assets
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
Q1 25
$456.8M
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Stockholders' Equity
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
Q1 25
$354.8M
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Total Assets
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
Q1 25
$1.2B
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
GAU
GAU
PCLA
PCLA
Operating Cash FlowLast quarter
$41.9M
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAU
GAU
PCLA
PCLA
Q3 25
$41.9M
Q2 25
$17.5M
Q1 25
$13.0M
$-245.6M
Q3 24
$28.6M
Q2 24
$9.2M
Q1 24
Q3 23
Q2 23
Free Cash Flow
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
Q1 25
$-256.6M
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
FCF Margin
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
Q1 25
-101.6%
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Capex Intensity
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
Q1 25
4.3%
Q3 24
Q2 24
Q1 24
Q3 23
Q2 23
Cash Conversion
GAU
GAU
PCLA
PCLA
Q3 25
Q2 25
4.30×
Q1 25
Q3 24
26.04×
Q2 24
1.05×
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAU
GAU

Segment breakdown not available.

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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