vs

Side-by-side financial comparison of Lake Shore Bancorp, Inc. (LSBK) and SANUWAVE Health, Inc. (SNWV). Click either name above to swap in a different company.

SANUWAVE Health, Inc. is the larger business by last-quarter revenue ($13.4M vs $7.4M, roughly 1.8× Lake Shore Bancorp, Inc.). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs 31.8%, a 25.6% gap on every dollar of revenue. Lake Shore Bancorp, Inc. produced more free cash flow last quarter ($3.3M vs $3.2M).

Lake Shore Bancorp, Inc. (Maryland) is a U.S. regional bank holding company that operates via its banking subsidiary, offering retail and commercial banking services including deposits, loans, mortgages and wealth management, primarily serving individuals and SMEs across local communities in Maryland.

SANUWAVE Health, Inc. is a medical technology company specializing in non-invasive regenerative care solutions. It develops and commercializes shock wave therapy systems for treating chronic wounds, diabetic foot ulcers, and orthopedic conditions, serving healthcare providers and patients across North America, Europe, and key Asia-Pacific markets.

LSBK vs SNWV — Head-to-Head

Bigger by revenue
SNWV
SNWV
1.8× larger
SNWV
$13.4M
$7.4M
LSBK
Higher net margin
SNWV
SNWV
25.6% more per $
SNWV
57.4%
31.8%
LSBK
More free cash flow
LSBK
LSBK
$75.0K more FCF
LSBK
$3.3M
$3.2M
SNWV

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LSBK
LSBK
SNWV
SNWV
Revenue
$7.4M
$13.4M
Net Profit
$2.4M
$7.7M
Gross Margin
74.7%
Operating Margin
38.4%
15.0%
Net Margin
31.8%
57.4%
Revenue YoY
30.3%
Net Profit YoY
157.8%
EPS (diluted)
$0.32
$0.78

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
LSBK
LSBK
SNWV
SNWV
Q4 25
$13.4M
Q3 25
$7.4M
$11.4M
Q2 25
$6.9M
$10.1M
Q1 25
$9.3M
Q4 24
$10.3M
Q3 24
$9.3M
Q2 24
$7.1M
Q1 24
$5.7M
Net Profit
LSBK
LSBK
SNWV
SNWV
Q4 25
$7.7M
Q3 25
$2.4M
$9.7M
Q2 25
$1.9M
$551.0K
Q1 25
$-6.1M
Q4 24
$-13.3M
Q3 24
$-21.2M
Q2 24
$6.2M
Q1 24
$-4.8M
Gross Margin
LSBK
LSBK
SNWV
SNWV
Q4 25
74.7%
Q3 25
76.6%
Q2 25
77.3%
Q1 25
79.4%
Q4 24
78.2%
Q3 24
76.1%
Q2 24
74.0%
Q1 24
73.9%
Operating Margin
LSBK
LSBK
SNWV
SNWV
Q4 25
15.0%
Q3 25
38.4%
7.9%
Q2 25
33.2%
14.2%
Q1 25
6.5%
Q4 24
19.6%
Q3 24
16.0%
Q2 24
23.3%
Q1 24
-22.8%
Net Margin
LSBK
LSBK
SNWV
SNWV
Q4 25
57.4%
Q3 25
31.8%
84.8%
Q2 25
27.7%
5.4%
Q1 25
-65.8%
Q4 24
-129.5%
Q3 24
-227.8%
Q2 24
87.4%
Q1 24
-84.4%
EPS (diluted)
LSBK
LSBK
SNWV
SNWV
Q4 25
$0.78
Q3 25
$0.32
$0.39
Q2 25
$0.34
$-0.04
Q1 25
$-0.72
Q4 24
$-0.76
Q3 24
$-6.65
Q2 24
$0.00
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
LSBK
LSBK
SNWV
SNWV
Cash + ST InvestmentsLiquidity on hand
$83.6M
$12.0M
Total DebtLower is stronger
$2.0M
$21.9M
Stockholders' EquityBook value
$139.3M
$1.6M
Total Assets
$742.8M
$37.3M
Debt / EquityLower = less leverage
0.01×
13.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSBK
LSBK
SNWV
SNWV
Q4 25
$12.0M
Q3 25
$83.6M
$9.6M
Q2 25
$75.4M
$8.5M
Q1 25
$8.5M
Q4 24
$10.2M
Q3 24
$3.3M
Q2 24
$2.5M
Q1 24
$2.9M
Total Debt
LSBK
LSBK
SNWV
SNWV
Q4 25
$21.9M
Q3 25
$2.0M
$23.3M
Q2 25
$2.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LSBK
LSBK
SNWV
SNWV
Q4 25
$1.6M
Q3 25
$139.3M
$-7.6M
Q2 25
$92.9M
$-18.8M
Q1 25
$-20.8M
Q4 24
$-15.8M
Q3 24
$-60.3M
Q2 24
$-39.6M
Q1 24
$-47.6M
Total Assets
LSBK
LSBK
SNWV
SNWV
Q4 25
$37.3M
Q3 25
$742.8M
$35.6M
Q2 25
$734.8M
$33.0M
Q1 25
$30.9M
Q4 24
$30.1M
Q3 24
$21.8M
Q2 24
$21.0M
Q1 24
$23.3M
Debt / Equity
LSBK
LSBK
SNWV
SNWV
Q4 25
13.52×
Q3 25
0.01×
Q2 25
0.02×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LSBK
LSBK
SNWV
SNWV
Operating Cash FlowLast quarter
$3.3M
$3.3M
Free Cash FlowOCF − Capex
$3.3M
$3.2M
FCF MarginFCF / Revenue
44.4%
24.1%
Capex IntensityCapex / Revenue
0.6%
0.7%
Cash ConversionOCF / Net Profit
1.42×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSBK
LSBK
SNWV
SNWV
Q4 25
$3.3M
Q3 25
$3.3M
$1.1M
Q2 25
$2.5M
$993.0K
Q1 25
$-1.5M
Q4 24
$741.0K
Q3 24
$1.3M
Q2 24
$-668.0K
Q1 24
$1.1M
Free Cash Flow
LSBK
LSBK
SNWV
SNWV
Q4 25
$3.2M
Q3 25
$3.3M
$556.0K
Q2 25
$2.0M
$-166.0K
Q1 25
$-1.7M
Q4 24
$505.0K
Q3 24
$1.2M
Q2 24
$-760.0K
Q1 24
$986.0K
FCF Margin
LSBK
LSBK
SNWV
SNWV
Q4 25
24.1%
Q3 25
44.4%
4.9%
Q2 25
28.5%
-1.6%
Q1 25
-18.1%
Q4 24
4.9%
Q3 24
13.3%
Q2 24
-10.7%
Q1 24
17.3%
Capex Intensity
LSBK
LSBK
SNWV
SNWV
Q4 25
0.7%
Q3 25
0.6%
4.6%
Q2 25
7.7%
11.4%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q1 24
2.0%
Cash Conversion
LSBK
LSBK
SNWV
SNWV
Q4 25
0.43×
Q3 25
1.42×
0.11×
Q2 25
1.31×
1.80×
Q1 25
Q4 24
Q3 24
Q2 24
-0.11×
Q1 24

Financial Flow Comparison

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

Related Comparisons