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Side-by-side financial comparison of HeartSciences Inc. (HSCS) and Lifeward Ltd. (LFWD). Click either name above to swap in a different company.

Lifeward Ltd. is the larger business by last-quarter revenue ($200.0K vs $2.4K, roughly 82.7× HeartSciences Inc.). Lifeward Ltd. runs the higher net margin — -2674.0% vs -97179.4%, a 94505.4% gap on every dollar of revenue.

Meril Life Sciences is an Indian multinational medical device company, with headquarters in Vapi, Gujarat, India. It was founded in 2006 and is a part of the Bilakhia Group. The company is engaged in the manufacturing of vascular intervention devices, orthopedic implants, robotics, endosurgery, ENT products and in-vitro diagnostics. Meril Life Sciences operates in over 150 countries and has employed 10000 people, as of 2024.

HSCS vs LFWD — Head-to-Head

Bigger by revenue
LFWD
LFWD
82.7× larger
LFWD
$200.0K
$2.4K
HSCS
Higher net margin
LFWD
LFWD
94505.4% more per $
LFWD
-2674.0%
-97179.4%
HSCS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
HSCS
HSCS
LFWD
LFWD
Revenue
$2.4K
$200.0K
Net Profit
$-2.4M
$-5.3M
Gross Margin
58.3%
Operating Margin
-85713.2%
-2559.0%
Net Margin
-97179.4%
-2674.0%
Revenue YoY
100.0%
Net Profit YoY
-12.9%
65.0%
EPS (diluted)
$-0.85
$-15.92

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
HSCS
HSCS
LFWD
LFWD
Q4 25
$2.4K
$200.0K
Q3 25
$1.9K
$300.0K
Q2 25
$400.0K
Q1 25
$0
$500.0K
Q4 24
$100.0K
Q3 24
$612.0K
Q2 24
$499.0K
Q1 24
$14.7K
$489.0K
Net Profit
HSCS
HSCS
LFWD
LFWD
Q4 25
$-2.4M
$-5.3M
Q3 25
$-2.1M
$-3.2M
Q2 25
$-6.6M
Q1 25
$-2.5M
$-4.8M
Q4 24
$-15.3M
Q3 24
$-3.1M
Q2 24
$-4.3M
Q1 24
$-1.6M
$-6.3M
Gross Margin
HSCS
HSCS
LFWD
LFWD
Q4 25
58.3%
Q3 25
60.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
69.0%
Operating Margin
HSCS
HSCS
LFWD
LFWD
Q4 25
-85713.2%
-2559.0%
Q3 25
-98637.8%
-1046.7%
Q2 25
-1640.8%
Q1 25
-970.6%
Q4 24
-15228.0%
Q3 24
-518.6%
Q2 24
-890.4%
Q1 24
-10376.7%
-1329.7%
Net Margin
HSCS
HSCS
LFWD
LFWD
Q4 25
-97179.4%
-2674.0%
Q3 25
-108157.6%
-1056.7%
Q2 25
-1640.5%
Q1 25
-966.8%
Q4 24
-15278.0%
Q3 24
-503.9%
Q2 24
-862.5%
Q1 24
-11182.4%
-1283.4%
EPS (diluted)
HSCS
HSCS
LFWD
LFWD
Q4 25
$-0.85
$-15.92
Q3 25
$-1.58
$-0.20
Q2 25
$-0.58
Q1 25
$-2.57
$-0.46
Q4 24
$-38.38
Q3 24
$-0.35
Q2 24
$-0.50
Q1 24
$-3.01
$-0.73

Balance Sheet & Financial Strength

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

Metric
HSCS
HSCS
LFWD
LFWD
Cash + ST InvestmentsLiquidity on hand
$2.0M
$2.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.2M
$8.4M
Total Assets
$6.0M
$22.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSCS
HSCS
LFWD
LFWD
Q4 25
$2.0M
$2.2M
Q3 25
$2.8M
$2.0M
Q2 25
$5.1M
Q1 25
$2.6M
$5.7M
Q4 24
$6.7M
Q3 24
$10.7M
Q2 24
$15.1M
Q1 24
$7.1M
$20.7M
Stockholders' Equity
HSCS
HSCS
LFWD
LFWD
Q4 25
$4.2M
$8.4M
Q3 25
$3.1M
$12.8M
Q2 25
$15.1M
Q1 25
$1.8M
$18.5M
Q4 24
$18.8M
Q3 24
$33.9M
Q2 24
$36.7M
Q1 24
$8.6M
$40.6M
Total Assets
HSCS
HSCS
LFWD
LFWD
Q4 25
$6.0M
$22.9M
Q3 25
$6.4M
$23.2M
Q2 25
$26.8M
Q1 25
$5.7M
$28.8M
Q4 24
$30.5M
Q3 24
$45.8M
Q2 24
$51.0M
Q1 24
$10.8M
$55.2M

Cash Flow & Capital Efficiency

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

Metric
HSCS
HSCS
LFWD
LFWD
Operating Cash FlowLast quarter
$-2.3M
$-3.6M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-1783.0%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSCS
HSCS
LFWD
LFWD
Q4 25
$-2.3M
$-3.6M
Q3 25
$-2.0M
$-3.8M
Q2 25
$-3.9M
Q1 25
$-1.6M
$-5.5M
Q4 24
$-4.0M
Q3 24
$-4.5M
Q2 24
$-5.6M
Q1 24
$-2.1M
$-7.7M
Free Cash Flow
HSCS
HSCS
LFWD
LFWD
Q4 25
$-3.6M
Q3 25
Q2 25
Q1 25
$-5.5M
Q4 24
Q3 24
Q2 24
Q1 24
$-2.1M
FCF Margin
HSCS
HSCS
LFWD
LFWD
Q4 25
-1783.0%
Q3 25
Q2 25
Q1 25
-1099.6%
Q4 24
Q3 24
Q2 24
Q1 24
-14352.1%
Capex Intensity
HSCS
HSCS
LFWD
LFWD
Q4 25
5.5%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
59.8%
0.0%

Financial Flow Comparison

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

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