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Side-by-side financial comparison of MicroCloud Hologram Inc. (HOLO) and Heritage Distilling Holding Company, Inc. (IPST). Click either name above to swap in a different company.

MicroCloud Hologram Inc. is the larger business by last-quarter revenue ($7.6M vs $4.7M, roughly 1.6× Heritage Distilling Holding Company, Inc.). MicroCloud Hologram Inc. runs the higher net margin — -5.3% vs -6862.0%, a 6856.7% gap on every dollar of revenue.

MicroCloud Hologram Inc. is a global technology provider focused on holographic augmented reality solutions, holographic display hardware, and supporting software services. It serves consumer entertainment, education, commercial advertising, and industrial visualization segments across North America, Asia-Pacific and European markets.

Newport Craft Brewing & Distilling Company is a brewery and distillery located in Newport, Rhode Island. Established in 1999 as the Coastal Extreme Brewing Company, it was the first microbrewery in Newport and began distilling operations in 2006. The company produces a range of beers and spirits that are distributed in the Northeastern United States. In 2018 it adopted its current name to reflect its combined brewing and distilling operations. Newport Craft is owned by Audrain Hospitality Gro...

HOLO vs IPST — Head-to-Head

Bigger by revenue
HOLO
HOLO
1.6× larger
HOLO
$7.6M
$4.7M
IPST
Higher net margin
HOLO
HOLO
6856.7% more per $
HOLO
-5.3%
-6862.0%
IPST

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
HOLO
HOLO
IPST
IPST
Revenue
$7.6M
$4.7M
Net Profit
$-401.5K
$-323.7M
Gross Margin
44.0%
68.5%
Operating Margin
-10.6%
-2622.6%
Net Margin
-5.3%
-6862.0%
Revenue YoY
-43.7%
Net Profit YoY
-286.8%
EPS (diluted)
$-31.89

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
HOLO
HOLO
IPST
IPST
Q4 25
$4.7M
Q3 25
$3.0M
Q2 25
$1.3M
Q1 25
$1.1M
Q3 24
$1.8M
Q2 23
$7.6M
Q1 23
$6.6M
Q4 22
$10.6M
Net Profit
HOLO
HOLO
IPST
IPST
Q4 25
$-323.7M
Q3 25
$196.3M
Q2 25
$-7.3M
Q1 25
$-3.0M
Q3 24
$-3.4M
Q2 23
$-401.5K
Q1 23
$-3.6M
Q4 22
$-25.2M
Gross Margin
HOLO
HOLO
IPST
IPST
Q4 25
68.5%
Q3 25
61.3%
Q2 25
17.2%
Q1 25
24.9%
Q3 24
35.8%
Q2 23
44.0%
Q1 23
59.0%
Q4 22
46.9%
Operating Margin
HOLO
HOLO
IPST
IPST
Q4 25
-2622.6%
Q3 25
-38.4%
Q2 25
-503.0%
Q1 25
-224.5%
Q3 24
-118.1%
Q2 23
-10.6%
Q1 23
-57.8%
Q4 22
-238.5%
Net Margin
HOLO
HOLO
IPST
IPST
Q4 25
-6862.0%
Q3 25
6566.2%
Q2 25
-551.9%
Q1 25
-277.8%
Q3 24
-194.9%
Q2 23
-5.3%
Q1 23
-54.9%
Q4 22
-237.3%
EPS (diluted)
HOLO
HOLO
IPST
IPST
Q4 25
$-31.89
Q3 25
$16.97
Q2 25
$-0.77
Q1 25
$-0.34
Q3 24
$-160.41
Q2 23
Q1 23
Q4 22

Balance Sheet & Financial Strength

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

Metric
HOLO
HOLO
IPST
IPST
Cash + ST InvestmentsLiquidity on hand
$18.9M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$23.7M
$98.2M
Total Assets
$35.0M
$108.8M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOLO
HOLO
IPST
IPST
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 23
$18.9M
Q1 23
$20.3M
Q4 22
$21.9M
Total Debt
HOLO
HOLO
IPST
IPST
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$13.0M
Q1 25
$13.0M
Q3 24
$15.0M
Q2 23
Q1 23
Q4 22
Stockholders' Equity
HOLO
HOLO
IPST
IPST
Q4 25
$98.2M
Q3 25
$420.4M
Q2 25
$-2.9M
Q1 25
$-329.0K
Q3 24
$-34.0M
Q2 23
$23.7M
Q1 23
$25.1M
Q4 22
$28.5M
Total Assets
HOLO
HOLO
IPST
IPST
Q4 25
$108.8M
Q3 25
$482.8M
Q2 25
$26.5M
Q1 25
$27.1M
Q3 24
$31.1M
Q2 23
$35.0M
Q1 23
$37.1M
Q4 22
$40.9M
Debt / Equity
HOLO
HOLO
IPST
IPST
Q4 25
0.03×
Q3 25
0.01×
Q2 25
Q1 25
Q3 24
Q2 23
Q1 23
Q4 22

Cash Flow & Capital Efficiency

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

Metric
HOLO
HOLO
IPST
IPST
Operating Cash FlowLast quarter
$-891.4K
$-7.5M
Free Cash FlowOCF − Capex
$-910.1K
FCF MarginFCF / Revenue
-12.0%
Capex IntensityCapex / Revenue
0.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOLO
HOLO
IPST
IPST
Q4 25
$-7.5M
Q3 25
$-4.3M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q3 24
Q2 23
$-891.4K
Q1 23
$-1.5M
Q4 22
$-24.9M
Free Cash Flow
HOLO
HOLO
IPST
IPST
Q4 25
Q3 25
$-4.3M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q3 24
Q2 23
$-910.1K
Q1 23
$-1.5M
Q4 22
FCF Margin
HOLO
HOLO
IPST
IPST
Q4 25
Q3 25
-144.7%
Q2 25
-115.3%
Q1 25
-187.6%
Q3 24
Q2 23
-12.0%
Q1 23
-22.7%
Q4 22
Capex Intensity
HOLO
HOLO
IPST
IPST
Q4 25
0.0%
Q3 25
1.5%
Q2 25
0.9%
Q1 25
1.6%
Q3 24
Q2 23
0.2%
Q1 23
0.5%
Q4 22
Cash Conversion
HOLO
HOLO
IPST
IPST
Q4 25
Q3 25
-0.02×
Q2 25
Q1 25
Q3 24
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

HOLO
HOLO

Segment breakdown not available.

IPST
IPST

Direct To Consumer$3.0M63%
Wholesale$1.2M26%
Other$517.7K11%

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