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Side-by-side financial comparison of Laser Photonics Corp (LASE) and NRX Pharmaceuticals, Inc. (NRXP). Click either name above to swap in a different company.

NRX Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($983.0K vs $919.3K, roughly 1.1× Laser Photonics Corp). NRX Pharmaceuticals, Inc. runs the higher net margin — 36.7% vs -506.4%, a 543.2% gap on every dollar of revenue.

IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.

NRX Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapies for unmet medical needs in central nervous system disorders, including rare neuropsychiatric conditions. Its main target market is the U.S., with lead product candidates addressing severe mood and trauma-related disorders.

LASE vs NRXP — Head-to-Head

Bigger by revenue
NRXP
NRXP
1.1× larger
NRXP
$983.0K
$919.3K
LASE
Higher net margin
NRXP
NRXP
543.2% more per $
NRXP
36.7%
-506.4%
LASE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LASE
LASE
NRXP
NRXP
Revenue
$919.3K
$983.0K
Net Profit
$-4.7M
$361.0K
Gross Margin
-20.1%
Operating Margin
-350.0%
Net Margin
-506.4%
36.7%
Revenue YoY
28.3%
Net Profit YoY
-186.5%
104.0%
EPS (diluted)
$-0.27

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
LASE
LASE
NRXP
NRXP
Q4 25
$983.0K
Q3 25
$919.3K
$242.0K
Q2 25
$2.6M
$0
Q1 25
$2.3M
$0
Q4 24
$1.3M
Q3 24
$716.7K
$0
Q2 24
$623.4K
Q1 24
$743.0K
Net Profit
LASE
LASE
NRXP
NRXP
Q4 25
$361.0K
Q3 25
$-4.7M
$-5.9M
Q2 25
$-1.8M
$-17.6M
Q1 25
$-1.7M
$-5.5M
Q4 24
$586.4K
Q3 24
$-1.6M
$-1.6M
Q2 24
$-934.3K
Q1 24
$-545.7K
Gross Margin
LASE
LASE
NRXP
NRXP
Q4 25
Q3 25
-20.1%
59.9%
Q2 25
53.5%
Q1 25
49.8%
Q4 24
13.3%
Q3 24
85.0%
Q2 24
50.6%
Q1 24
51.9%
Operating Margin
LASE
LASE
NRXP
NRXP
Q4 25
Q3 25
-350.0%
-1662.8%
Q2 25
-37.0%
Q1 25
-68.7%
Q4 24
-255.1%
Q3 24
-238.0%
Q2 24
-149.4%
Q1 24
-73.8%
Net Margin
LASE
LASE
NRXP
NRXP
Q4 25
36.7%
Q3 25
-506.4%
-2433.9%
Q2 25
-68.3%
Q1 25
-73.4%
Q4 24
45.7%
Q3 24
-226.8%
Q2 24
-149.9%
Q1 24
-73.4%
EPS (diluted)
LASE
LASE
NRXP
NRXP
Q4 25
Q3 25
$-0.27
Q2 25
$-0.12
Q1 25
$-0.12
Q4 24
$0.06
Q3 24
$-0.13
Q2 24
$-0.09
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
LASE
LASE
NRXP
NRXP
Cash + ST InvestmentsLiquidity on hand
$3.6M
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
$-15.9M
Total Assets
$17.5M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASE
LASE
NRXP
NRXP
Q4 25
$7.8M
Q3 25
$3.6M
$7.2M
Q2 25
$78.5K
$2.9M
Q1 25
$179.1K
$5.5M
Q4 24
$533.9K
Q3 24
$2.1M
$1.6M
Q2 24
$2.7M
Q1 24
$5.2M
Stockholders' Equity
LASE
LASE
NRXP
NRXP
Q4 25
$-15.9M
Q3 25
$4.1M
$-25.8M
Q2 25
$4.3M
$-35.6M
Q1 25
$6.8M
$-25.2M
Q4 24
$10.2M
Q3 24
$9.7M
$-18.8M
Q2 24
$10.3M
Q1 24
$12.4M
Total Assets
LASE
LASE
NRXP
NRXP
Q4 25
$13.0M
Q3 25
$17.5M
$15.0M
Q2 25
$14.9M
$4.8M
Q1 25
$16.0M
$7.6M
Q4 24
$17.2M
Q3 24
$10.6M
$4.5M
Q2 24
$11.1M
Q1 24
$13.6M

Cash Flow & Capital Efficiency

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

Metric
LASE
LASE
NRXP
NRXP
Operating Cash FlowLast quarter
$763.1K
$-3.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASE
LASE
NRXP
NRXP
Q4 25
$-3.7M
Q3 25
$763.1K
$-2.9M
Q2 25
$-1.0M
$-4.0M
Q1 25
$-1.2M
$-3.5M
Q4 24
$-6.5M
Q3 24
$632.7K
$-2.3M
Q2 24
$-2.4M
Q1 24
$-866.3K
Free Cash Flow
LASE
LASE
NRXP
NRXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$589.6K
Q2 24
$-2.4M
Q1 24
$-1.0M
FCF Margin
LASE
LASE
NRXP
NRXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
82.3%
Q2 24
-388.0%
Q1 24
-136.9%
Capex Intensity
LASE
LASE
NRXP
NRXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.0%
Q2 24
5.1%
Q1 24
20.3%
Cash Conversion
LASE
LASE
NRXP
NRXP
Q4 25
-10.29×
Q3 25
Q2 25
Q1 25
Q4 24
-11.11×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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