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Side-by-side financial comparison of iSpecimen Inc. (ISPC) and PAVmed Inc. (PAVM). Click either name above to swap in a different company.

PAVmed Inc. is the larger business by last-quarter revenue ($996.0K vs $713.1K, roughly 1.4× iSpecimen Inc.). PAVmed Inc. runs the higher net margin — 6465.8% vs -146.9%, a 6612.6% gap on every dollar of revenue. On growth, PAVmed Inc. posted the faster year-over-year revenue change (25.9% vs -75.1%).

Specimen Products is a Chicago-based manufacturer of custom guitars, tube amplifiers, and audio horn speakers led by luthier Ian Schneller. Specimen Products also offers courses in guitar and tube amplifier design, construction, and repair through their Chicago School of Guitar Making. The Specimen workshop offers repair services to the general public, making use of their collection of parts from rare and vintage manufacturers.

PAVmed Inc. is a commercial-stage medical technology company that designs, develops and commercializes innovative diagnostic and therapeutic medical products. Its portfolio covers point-of-care diagnostics, interventional oncology and gastroenterology solutions, primarily serving healthcare providers and patients across the United States.

ISPC vs PAVM — Head-to-Head

Bigger by revenue
PAVM
PAVM
1.4× larger
PAVM
$996.0K
$713.1K
ISPC
Growing faster (revenue YoY)
PAVM
PAVM
+101.0% gap
PAVM
25.9%
-75.1%
ISPC
Higher net margin
PAVM
PAVM
6612.6% more per $
PAVM
6465.8%
-146.9%
ISPC

Income Statement — Q2 FY2025 vs Q3 FY2024

Metric
ISPC
ISPC
PAVM
PAVM
Revenue
$713.1K
$996.0K
Net Profit
$-1.0M
$64.4M
Gross Margin
44.4%
-38.7%
Operating Margin
-255.4%
-1162.4%
Net Margin
-146.9%
6465.8%
Revenue YoY
-75.1%
25.9%
Net Profit YoY
50.3%
464.4%
EPS (diluted)
$-0.42
$1.44

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
ISPC
ISPC
PAVM
PAVM
Q2 25
$713.1K
Q1 25
$1.1M
Q4 24
$1.5M
Q3 24
$2.7M
$996.0K
Q2 24
$2.9M
$979.0K
Q1 24
$2.3M
$1.0M
Q4 23
$2.6M
$1.0M
Q3 23
$2.8M
$791.0K
Net Profit
ISPC
ISPC
PAVM
PAVM
Q2 25
$-1.0M
Q1 25
$-1.7M
Q4 24
$-6.0M
Q3 24
$-1.4M
$64.4M
Q2 24
$-2.1M
$-10.8M
Q1 24
$-2.9M
$-15.2M
Q4 23
$-3.1M
$-14.0M
Q3 23
$-2.1M
$-17.7M
Gross Margin
ISPC
ISPC
PAVM
PAVM
Q2 25
44.4%
Q1 25
42.4%
Q4 24
13.5%
Q3 24
43.4%
-38.7%
Q2 24
51.9%
-70.2%
Q1 24
58.4%
-72.7%
Q4 23
44.6%
-53.5%
Q3 23
49.9%
-124.9%
Operating Margin
ISPC
ISPC
PAVM
PAVM
Q2 25
-255.4%
Q1 25
-154.9%
Q4 24
-395.8%
Q3 24
-64.1%
-1162.4%
Q2 24
-76.2%
-1397.8%
Q1 24
-131.0%
-1389.7%
Q4 23
-111.5%
-1561.7%
Q3 23
-79.0%
-1963.1%
Net Margin
ISPC
ISPC
PAVM
PAVM
Q2 25
-146.9%
Q1 25
-156.8%
Q4 24
-409.8%
Q3 24
-54.1%
6465.8%
Q2 24
-73.6%
-1105.9%
Q1 24
-126.7%
-1506.1%
Q4 23
-119.3%
-1338.0%
Q3 23
-76.0%
-2234.0%
EPS (diluted)
ISPC
ISPC
PAVM
PAVM
Q2 25
$-0.42
Q1 25
$-0.71
Q4 24
$-5.40
Q3 24
$-2.10
$1.44
Q2 24
$-3.72
$-1.19
Q1 24
$-6.36
$-2.62
Q4 23
$-19.23
$-1.90
Q3 23
$-4.66
$-2.38

Balance Sheet & Financial Strength

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

Metric
ISPC
ISPC
PAVM
PAVM
Cash + ST InvestmentsLiquidity on hand
$765.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$622.0K
$-4.9M
Total Assets
$6.0M
$30.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISPC
ISPC
PAVM
PAVM
Q2 25
Q1 25
Q4 24
$1.9M
Q3 24
$1.8M
$765.0K
Q2 24
$2.2M
$25.5M
Q1 24
$2.1M
$25.5M
Q4 23
$2.3M
$19.6M
Q3 23
$2.7M
$26.4M
Stockholders' Equity
ISPC
ISPC
PAVM
PAVM
Q2 25
$622.0K
Q1 25
$1.7M
Q4 24
$3.3M
Q3 24
$4.7M
$-4.9M
Q2 24
$6.1M
$-73.9M
Q1 24
$6.8M
$-68.8M
Q4 23
$9.7M
$-53.8M
Q3 23
$12.7M
$-43.3M
Total Assets
ISPC
ISPC
PAVM
PAVM
Q2 25
$6.0M
Q1 25
$6.8M
Q4 24
$9.4M
Q3 24
$11.3M
$30.6M
Q2 24
$11.9M
$39.4M
Q1 24
$12.5M
$37.3M
Q4 23
$15.8M
$33.1M
Q3 23
$16.3M
$42.0M

Cash Flow & Capital Efficiency

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

Metric
ISPC
ISPC
PAVM
PAVM
Operating Cash FlowLast quarter
$-192.2K
$-8.9M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-892.5%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$-45.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISPC
ISPC
PAVM
PAVM
Q2 25
$-192.2K
Q1 25
$-1.1M
Q4 24
$-3.6M
Q3 24
$-1.1M
$-8.9M
Q2 24
$-1.5M
$-11.7M
Q1 24
$-2.1M
$-13.1M
Q4 23
$345.1K
$-11.9M
Q3 23
$-1.6M
$-11.1M
Free Cash Flow
ISPC
ISPC
PAVM
PAVM
Q2 25
Q1 25
Q4 24
$-3.6M
Q3 24
$-1.1M
$-8.9M
Q2 24
$-11.7M
Q1 24
$-2.1M
$-13.2M
Q4 23
$-12.1M
Q3 23
$-1.6M
$-11.1M
FCF Margin
ISPC
ISPC
PAVM
PAVM
Q2 25
Q1 25
Q4 24
-242.7%
Q3 24
-41.1%
-892.5%
Q2 24
-1190.9%
Q1 24
-90.9%
-1302.1%
Q4 23
-1149.4%
Q3 23
-59.0%
-1404.2%
Capex Intensity
ISPC
ISPC
PAVM
PAVM
Q2 25
Q1 25
Q4 24
0.5%
Q3 24
0.5%
0.6%
Q2 24
0.0%
0.3%
Q1 24
0.4%
4.2%
Q4 23
0.0%
17.4%
Q3 23
0.2%
2.3%
Cash Conversion
ISPC
ISPC
PAVM
PAVM
Q2 25
Q1 25
Q4 24
Q3 24
-0.14×
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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