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Side-by-side financial comparison of Solana Co (HSDT) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

Solana Co is the larger business by last-quarter revenue ($5.2M vs $3.9M, roughly 1.4× Opus Genetics, Inc.). On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs -10.2%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs 50.3%).

Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

HSDT vs IRD — Head-to-Head

Bigger by revenue
HSDT
HSDT
1.4× larger
HSDT
$5.2M
$3.9M
IRD
Growing faster (revenue YoY)
HSDT
HSDT
+2736.1% gap
HSDT
2725.9%
-10.2%
IRD
Faster 2-yr revenue CAGR
HSDT
HSDT
Annualised
HSDT
522.3%
50.3%
IRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSDT
HSDT
IRD
IRD
Revenue
$5.2M
$3.9M
Net Profit
$325.6M
Gross Margin
96.6%
Operating Margin
-3845.8%
Net Margin
6227.1%
Revenue YoY
2725.9%
-10.2%
Net Profit YoY
8388.0%
53.0%
EPS (diluted)
$111.28

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
HSDT
HSDT
IRD
IRD
Q4 25
$5.2M
$3.9M
Q3 25
$697.0K
$3.1M
Q2 25
$43.0K
$2.9M
Q1 25
$49.0K
$4.4M
Q4 24
$185.0K
$4.3M
Q3 24
$51.0K
$3.9M
Q2 24
$182.0K
$1.1M
Q1 24
$135.0K
$1.7M
Net Profit
HSDT
HSDT
IRD
IRD
Q4 25
$325.6M
Q3 25
$-352.8M
$-17.5M
Q2 25
$-9.8M
$-7.4M
Q1 25
$-3.8M
$-8.2M
Q4 24
Q3 24
$-3.7M
$-7.5M
Q2 24
$-1.6M
$-7.8M
Q1 24
$-2.5M
$-7.1M
Gross Margin
HSDT
HSDT
IRD
IRD
Q4 25
96.6%
Q3 25
85.2%
Q2 25
Q1 25
Q4 24
16.8%
Q3 24
Q2 24
35.2%
Q1 24
8.9%
Operating Margin
HSDT
HSDT
IRD
IRD
Q4 25
-3845.8%
Q3 25
-5086.1%
-269.9%
Q2 25
-7725.6%
-309.0%
Q1 25
-8185.7%
-227.2%
Q4 24
Q3 24
-7980.4%
-207.1%
Q2 24
-1796.7%
-748.9%
Q1 24
-2530.4%
-450.5%
Net Margin
HSDT
HSDT
IRD
IRD
Q4 25
6227.1%
Q3 25
-50612.3%
-566.9%
Q2 25
-22867.4%
-257.5%
Q1 25
-7832.7%
-187.5%
Q4 24
Q3 24
-7227.5%
-194.6%
Q2 24
-885.7%
-698.3%
Q1 24
-1863.7%
-415.3%
EPS (diluted)
HSDT
HSDT
IRD
IRD
Q4 25
$111.28
Q3 25
$-32.89
$-0.25
Q2 25
$-79.73
$-0.12
Q1 25
$-0.51
$-0.24
Q4 24
Q3 24
$-744.35
$-0.29
Q2 24
$-485.30
$-0.30
Q1 24
$-3.08
$-0.29

Balance Sheet & Financial Strength

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

Metric
HSDT
HSDT
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$7.3M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$300.9M
$15.3M
Total Assets
$303.9M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSDT
HSDT
IRD
IRD
Q4 25
$7.3M
$45.1M
Q3 25
$124.1M
$30.8M
Q2 25
$6.1M
$32.4M
Q1 25
$1.1M
$41.8M
Q4 24
$1.1M
$30.3M
Q3 24
$3.5M
$36.6M
Q2 24
$6.4M
$41.4M
Q1 24
$3.6M
$47.2M
Stockholders' Equity
HSDT
HSDT
IRD
IRD
Q4 25
$300.9M
$15.3M
Q3 25
$-152.4M
$6.0M
Q2 25
$6.0M
$17.5M
Q1 25
$1.3M
$5.1M
Q4 24
$1.1M
$6.7M
Q3 24
$3.8M
$34.3M
Q2 24
$6.3M
$40.6M
Q1 24
$2.0M
$46.1M
Total Assets
HSDT
HSDT
IRD
IRD
Q4 25
$303.9M
$50.2M
Q3 25
$475.9M
$36.1M
Q2 25
$7.9M
$38.7M
Q1 25
$3.5M
$48.2M
Q4 24
$3.5M
$36.9M
Q3 24
$5.6M
$40.4M
Q2 24
$8.8M
$44.8M
Q1 24
$5.8M
$51.8M

Cash Flow & Capital Efficiency

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

Metric
HSDT
HSDT
IRD
IRD
Operating Cash FlowLast quarter
$-16.5M
$-35.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSDT
HSDT
IRD
IRD
Q4 25
$-16.5M
$-35.3M
Q3 25
$-4.0M
$-6.2M
Q2 25
$-2.8M
$-10.3M
Q1 25
$-3.5M
$-9.0M
Q4 24
$-11.0M
$-25.6M
Q3 24
$-2.8M
$-5.1M
Q2 24
$-2.9M
$-7.3M
Q1 24
$-3.0M
$-5.7M
Free Cash Flow
HSDT
HSDT
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-11.0M
Q3 24
Q2 24
Q1 24
$-3.0M
FCF Margin
HSDT
HSDT
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5970.8%
Q3 24
Q2 24
Q1 24
-2226.7%
Capex Intensity
HSDT
HSDT
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.7%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
3.7%
Cash Conversion
HSDT
HSDT
IRD
IRD
Q4 25
-0.05×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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