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Side-by-side financial comparison of Lakeshore Acquisition III Corp. (LCCC) and Neonode Inc. (NEON). Click either name above to swap in a different company.

Lakeshore Acquisition III Corp. is the larger business by last-quarter revenue ($717.3K vs $430.0K, roughly 1.7× Neonode Inc.). Neonode Inc. runs the higher net margin — 3298.6% vs 67.9%, a 3230.7% gap on every dollar of revenue.

Neonode Inc. develops and markets innovative optical touch sensing and contactless gesture recognition technologies for global clients. Its core offerings include zForce sensing modules, embedded software solutions and custom integration services, deployed across key end segments including automotive infotainment systems, industrial human-machine interfaces, consumer electronics and medical devices.

LCCC vs NEON — Head-to-Head

Bigger by revenue
LCCC
LCCC
1.7× larger
LCCC
$717.3K
$430.0K
NEON
Higher net margin
NEON
NEON
3230.7% more per $
NEON
3298.6%
67.9%
LCCC

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
LCCC
LCCC
NEON
NEON
Revenue
$717.3K
$430.0K
Net Profit
$486.8K
$14.2M
Gross Margin
97.9%
Operating Margin
-32.1%
Net Margin
67.9%
3298.6%
Revenue YoY
-48.7%
Net Profit YoY
1404.9%
EPS (diluted)
$0.08

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
LCCC
LCCC
NEON
NEON
Q3 25
$717.3K
$430.0K
Q2 25
$467.3K
$599.0K
Q1 25
$513.0K
Q3 24
$838.0K
Q2 24
$801.0K
Q1 24
$814.0K
Q4 23
$373.0K
Q3 23
$1.0M
Net Profit
LCCC
LCCC
NEON
NEON
Q3 25
$486.8K
$14.2M
Q2 25
$216.5K
$-1.9M
Q1 25
$-1.7M
Q3 24
$-1.1M
Q2 24
$-1.7M
Q1 24
$-2.1M
Q4 23
$-5.9M
Q3 23
$-1.3M
Gross Margin
LCCC
LCCC
NEON
NEON
Q3 25
97.9%
Q2 25
99.0%
Q1 25
98.2%
Q3 24
97.3%
Q2 24
97.0%
Q1 24
97.9%
Q4 23
Q3 23
83.7%
Operating Margin
LCCC
LCCC
NEON
NEON
Q3 25
-32.1%
Q2 25
-53.7%
-352.3%
Q1 25
-383.0%
Q3 24
-146.2%
Q2 24
-223.3%
Q1 24
-231.7%
Q4 23
-343.4%
Q3 23
-125.3%
Net Margin
LCCC
LCCC
NEON
NEON
Q3 25
67.9%
3298.6%
Q2 25
46.3%
-311.9%
Q1 25
-337.8%
Q3 24
-129.7%
Q2 24
-211.6%
Q1 24
-256.0%
Q4 23
-1588.5%
Q3 23
-126.2%
EPS (diluted)
LCCC
LCCC
NEON
NEON
Q3 25
$0.08
Q2 25
$0.06
$-0.11
Q1 25
$-0.10
Q3 24
$-0.07
Q2 24
$-0.11
Q1 24
$-0.14
Q4 23
$-0.39
Q3 23
$-0.08

Balance Sheet & Financial Strength

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

Metric
LCCC
LCCC
NEON
NEON
Cash + ST InvestmentsLiquidity on hand
$11.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-1.6M
$26.8M
Total Assets
$71.0M
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCCC
LCCC
NEON
NEON
Q3 25
$11.6M
Q2 25
$13.2M
Q1 25
$15.0M
Q3 24
Q2 24
Q1 24
$14.3M
Q4 23
$16.2M
Q3 23
$18.5M
Stockholders' Equity
LCCC
LCCC
NEON
NEON
Q3 25
$-1.6M
$26.8M
Q2 25
$-1.4M
$12.7M
Q1 25
$14.6M
Q3 24
$18.0M
Q2 24
$13.3M
Q1 24
$15.0M
Q4 23
$17.2M
Q3 23
$23.0M
Total Assets
LCCC
LCCC
NEON
NEON
Q3 25
$71.0M
$32.8M
Q2 25
$70.5M
$15.1M
Q1 25
$17.0M
Q3 24
$19.6M
Q2 24
$15.2M
Q1 24
$16.9M
Q4 23
$19.0M
Q3 23
$24.8M

Cash Flow & Capital Efficiency

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

Metric
LCCC
LCCC
NEON
NEON
Operating Cash FlowLast quarter
$-206.3K
$-1.5M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-372.6%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
-0.42×
-0.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCCC
LCCC
NEON
NEON
Q3 25
$-206.3K
$-1.5M
Q2 25
$-218.3K
$-1.8M
Q1 25
$-1.4M
Q3 24
$-1.3M
Q2 24
$-1.2M
Q1 24
$-1.9M
Q4 23
$-2.2M
Q3 23
$-1.8M
Free Cash Flow
LCCC
LCCC
NEON
NEON
Q3 25
$-1.6M
Q2 25
$-1.8M
Q1 25
$-1.4M
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
$-1.8M
FCF Margin
LCCC
LCCC
NEON
NEON
Q3 25
-372.6%
Q2 25
-296.3%
Q1 25
-272.9%
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
-180.2%
Capex Intensity
LCCC
LCCC
NEON
NEON
Q3 25
17.4%
Q2 25
4.2%
Q1 25
7.8%
Q3 24
0.0%
Q2 24
Q1 24
Q4 23
Q3 23
2.2%
Cash Conversion
LCCC
LCCC
NEON
NEON
Q3 25
-0.42×
-0.11×
Q2 25
-1.01×
Q1 25
Q3 24
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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