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Side-by-side financial comparison of Maase Inc. (MAAS) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.
Recon Technology, Ltd is the larger business by last-quarter revenue ($12.2M vs $9.9M, roughly 1.2× Maase Inc.).
Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.
MAAS vs RCON — Head-to-Head
Income Statement — Q2 FY2023 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.9M | $12.2M |
| Net Profit | — | $-832.7K |
| Gross Margin | 78.7% | 33.5% |
| Operating Margin | -55.9% | -14.6% |
| Net Margin | — | -6.8% |
| Revenue YoY | — | 111.0% |
| Net Profit YoY | — | 70.5% |
| EPS (diluted) | — | $-0.09 |
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 | — | $12.2M | ||
| Q4 24 | — | $5.8M | ||
| Q4 23 | — | $6.4M | ||
| Q4 22 | $9.9M | — |
| Q4 25 | — | $-832.7K | ||
| Q4 24 | — | $-2.8M | ||
| Q4 23 | — | $-3.2M | ||
| Q4 22 | — | — |
| Q4 25 | — | 33.5% | ||
| Q4 24 | — | 31.7% | ||
| Q4 23 | — | 26.7% | ||
| Q4 22 | 78.7% | — |
| Q4 25 | — | -14.6% | ||
| Q4 24 | — | -63.9% | ||
| Q4 23 | — | -50.4% | ||
| Q4 22 | -55.9% | — |
| Q4 25 | — | -6.8% | ||
| Q4 24 | — | -48.9% | ||
| Q4 23 | — | -49.8% | ||
| Q4 22 | — | — |
| Q4 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.31 | ||
| Q4 23 | — | $-1.16 | ||
| Q4 22 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.9M | $10.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $31.6M | $66.4M |
| Total Assets | $47.0M | $77.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.7M | ||
| Q4 24 | — | $19.9M | ||
| Q4 23 | — | $36.0M | ||
| Q4 22 | $10.9M | — |
| Q4 25 | — | $66.4M | ||
| Q4 24 | — | $66.9M | ||
| Q4 23 | — | $60.0M | ||
| Q4 22 | $31.6M | — |
| Q4 25 | — | $77.6M | ||
| Q4 24 | — | $74.2M | ||
| Q4 23 | — | $68.1M | ||
| Q4 22 | $47.0M | — |
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 | $-18.2M | $-1.9M |
| Free Cash FlowOCF − Capex | $-18.3M | — |
| FCF MarginFCF / Revenue | -184.4% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.9M | ||
| Q4 24 | — | $-1.7M | ||
| Q4 23 | — | $-931.0K | ||
| Q4 22 | $-18.2M | — |
| Q4 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — | ||
| Q4 22 | $-18.3M | — |
| Q4 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — | ||
| Q4 22 | -184.4% | — |
| Q4 25 | — | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — | ||
| Q4 22 | 1.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAAS
| Wealth management | $7.8M | 78% |
| Insurance consulting | $1.0M | 10% |
| Other | $975.0K | 10% |
| Asset management | $168.0K | 2% |
RCON
Segment breakdown not available.
