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Side-by-side financial comparison of Iveda Solutions, Inc. (IVDA) and Lipocine Inc. (LPCN). Click either name above to swap in a different company.
Lipocine Inc. is the larger business by last-quarter revenue ($1.1M vs $626.0K, roughly 1.8× Iveda Solutions, Inc.). On growth, Iveda Solutions, Inc. posted the faster year-over-year revenue change (-64.1% vs -67.2%).
Iveda Solutions, Inc. is a technology provider specializing in cloud-based AI video surveillance, IoT-enabled smart sensing, and integrated smart city solutions. It serves public sector, enterprise, and education clients across North America and Asia, with core offerings covering remote security monitoring, smart facility management, and real-time data analysis tools for public safety use cases.
Lipocine Inc is a clinical-stage biopharmaceutical company specializing in the development of hormone-based therapies. Its core product pipeline targets unmet medical needs in men's health, women's health, and liver disease, with primary operations and market focus in the United States. It prioritizes oral formulation innovation to improve patient treatment accessibility and adherence.
IVDA vs LPCN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $626.0K | $1.1M |
| Net Profit | $-1.6M | — |
| Gross Margin | 3.6% | — |
| Operating Margin | -262.7% | — |
| Net Margin | -258.6% | — |
| Revenue YoY | -64.1% | -67.2% |
| Net Profit YoY | -7.1% | -233.0% |
| EPS (diluted) | $-0.33 | — |
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.
| Q4 25 | $626.0K | $1.1M | ||
| Q3 25 | $1.7M | — | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $1.5M | — | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $2.4M | $0 | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $346.8K | $7.6M |
| Q4 25 | $-1.6M | — | ||
| Q3 25 | $-221.3K | — | ||
| Q2 25 | $-564.2K | — | ||
| Q1 25 | $-793.7K | — | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-581.4K | $-2.2M | ||
| Q2 24 | $-599.0K | — | ||
| Q1 24 | $-1.3M | $3.5M |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 32.7% | — | ||
| Q1 24 | 52.5% | — |
| Q4 25 | -262.7% | — | ||
| Q3 25 | -13.0% | — | ||
| Q2 25 | -34.8% | — | ||
| Q1 25 | -56.7% | — | ||
| Q4 24 | -87.3% | — | ||
| Q3 24 | -25.4% | — | ||
| Q2 24 | -39.7% | — | ||
| Q1 24 | -384.1% | 42.3% |
| Q4 25 | -258.6% | — | ||
| Q3 25 | -13.4% | — | ||
| Q2 25 | -36.9% | — | ||
| Q1 25 | -53.8% | — | ||
| Q4 24 | -86.7% | — | ||
| Q3 24 | -24.2% | — | ||
| Q2 24 | -39.0% | — | ||
| Q1 24 | -371.9% | 46.1% |
| Q4 25 | $-0.33 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $-0.20 | — | ||
| Q1 25 | $-0.28 | — | ||
| Q4 24 | $-0.60 | — | ||
| Q3 24 | $-0.27 | $-0.44 | ||
| Q2 24 | $-0.30 | — | ||
| Q1 24 | $-0.64 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.2M | $5.2M |
| Total DebtLower is stronger | $393.4K | — |
| Stockholders' EquityBook value | $4.8M | $14.5M |
| Total Assets | $6.4M | $17.0M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2M | $5.2M | ||
| Q3 25 | $3.3M | — | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $2.6M | — | ||
| Q3 24 | $3.6M | $3.7M | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $3.9M | $3.1M |
| Q4 25 | $393.4K | — | ||
| Q3 25 | $306.4K | — | ||
| Q2 25 | $365.3K | — | ||
| Q1 25 | $340.8K | — | ||
| Q4 24 | $376.2K | — | ||
| Q3 24 | $545.9K | — | ||
| Q2 24 | $564.0K | — | ||
| Q1 24 | $480.0K | — |
| Q4 25 | $4.8M | $14.5M | ||
| Q3 25 | $3.8M | — | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $1.7M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $4.1M | $19.1M | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $3.3M | $24.0M |
| Q4 25 | $6.4M | $17.0M | ||
| Q3 25 | $5.8M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $4.5M | — | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $9.1M | $20.7M | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $6.6M | $25.4M |
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.20× | — | ||
| Q1 24 | 0.14× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-252.4K | $-9.8M |
| 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.
| Q4 25 | $-252.4K | $-9.8M | ||
| Q3 25 | $-317.0K | — | ||
| Q2 25 | $-1.3M | — | ||
| Q1 25 | $-126.0K | — | ||
| Q4 24 | $-889.8K | — | ||
| Q3 24 | $-1.2M | $-2.8M | ||
| Q2 24 | $-999.7K | — | ||
| Q1 24 | $-1.3M | $2.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-889.8K | — | ||
| Q3 24 | $-1.5M | — | ||
| Q2 24 | $-1.1M | — | ||
| Q1 24 | $-1.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -51.1% | — | ||
| Q3 24 | -64.1% | — | ||
| Q2 24 | -72.6% | — | ||
| Q1 24 | -427.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 54.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
