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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and Lucas GC Ltd (LGCL). Click either name above to swap in a different company.

Lucas GC Ltd is the larger business by last-quarter revenue ($7.5M vs $3.9M, roughly 1.9× Opus Genetics, Inc.).

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.

IRD vs LGCL — Head-to-Head

Bigger by revenue
LGCL
LGCL
1.9× larger
LGCL
$7.5M
$3.9M
IRD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IRD
IRD
LGCL
LGCL
Revenue
$3.9M
$7.5M
Net Profit
$414.1K
Gross Margin
33.7%
Operating Margin
4.0%
Net Margin
5.6%
Revenue YoY
-10.2%
Net Profit YoY
53.0%
EPS (diluted)
$0.20

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
IRD
IRD
LGCL
LGCL
Q4 25
$3.9M
Q3 25
$3.1M
Q2 25
$2.9M
$7.5M
Q1 25
$4.4M
Q4 24
$4.3M
Q3 24
$3.9M
Q2 24
$1.1M
$11.5M
Q1 24
$1.7M
Net Profit
IRD
IRD
LGCL
LGCL
Q4 25
Q3 25
$-17.5M
Q2 25
$-7.4M
$414.1K
Q1 25
$-8.2M
Q4 24
Q3 24
$-7.5M
Q2 24
$-7.8M
$1.0M
Q1 24
$-7.1M
Gross Margin
IRD
IRD
LGCL
LGCL
Q4 25
Q3 25
Q2 25
33.7%
Q1 25
Q4 24
Q3 24
Q2 24
33.5%
Q1 24
Operating Margin
IRD
IRD
LGCL
LGCL
Q4 25
Q3 25
-269.9%
Q2 25
-309.0%
4.0%
Q1 25
-227.2%
Q4 24
Q3 24
-207.1%
Q2 24
-748.9%
8.8%
Q1 24
-450.5%
Net Margin
IRD
IRD
LGCL
LGCL
Q4 25
Q3 25
-566.9%
Q2 25
-257.5%
5.6%
Q1 25
-187.5%
Q4 24
Q3 24
-194.6%
Q2 24
-698.3%
8.9%
Q1 24
-415.3%
EPS (diluted)
IRD
IRD
LGCL
LGCL
Q4 25
Q3 25
$-0.25
Q2 25
$-0.12
$0.20
Q1 25
$-0.24
Q4 24
Q3 24
$-0.29
Q2 24
$-0.30
$0.01
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
LGCL
LGCL
Cash + ST InvestmentsLiquidity on hand
$45.1M
$606.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$6.3M
Total Assets
$50.2M
$8.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
LGCL
LGCL
Q4 25
$45.1M
Q3 25
$30.8M
Q2 25
$32.4M
$606.9K
Q1 25
$41.8M
Q4 24
$30.3M
Q3 24
$36.6M
Q2 24
$41.4M
$978.1K
Q1 24
$47.2M
Stockholders' Equity
IRD
IRD
LGCL
LGCL
Q4 25
$15.3M
Q3 25
$6.0M
Q2 25
$17.5M
$6.3M
Q1 25
$5.1M
Q4 24
$6.7M
Q3 24
$34.3M
Q2 24
$40.6M
$5.3M
Q1 24
$46.1M
Total Assets
IRD
IRD
LGCL
LGCL
Q4 25
$50.2M
Q3 25
$36.1M
Q2 25
$38.7M
$8.8M
Q1 25
$48.2M
Q4 24
$36.9M
Q3 24
$40.4M
Q2 24
$44.8M
$7.8M
Q1 24
$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
IRD
IRD
LGCL
LGCL
Operating Cash FlowLast quarter
$-35.3M
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
IRD
IRD
LGCL
LGCL
Q4 25
$-35.3M
Q3 25
$-6.2M
Q2 25
$-10.3M
Q1 25
$-9.0M
Q4 24
$-25.6M
Q3 24
$-5.1M
Q2 24
$-7.3M
Q1 24
$-5.7M

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRD
IRD

Segment breakdown not available.

LGCL
LGCL

Recruitment service$4.4M60%
Others$2.9M39%

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