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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and STAAR SURGICAL CO (STAA). Click either name above to swap in a different company.

STAAR SURGICAL CO is the larger business by last-quarter revenue ($49.0M vs $25.9M, roughly 1.9× NaaS Technology Inc.). STAAR SURGICAL CO runs the higher net margin — -69.9% vs -193.3%, a 123.3% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs -35.8%).

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

STAAR Surgical Co is a global ophthalmic medical device firm. It designs, makes and sells implantable collamer lenses (ICLs) for minimally invasive vision correction, plus supporting surgical products for ophthalmologists across North America, Europe, Asia Pacific and other key regional markets.

NAAS vs STAA — Head-to-Head

Bigger by revenue
STAA
STAA
1.9× larger
STAA
$49.0M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+157.0% gap
NAAS
121.2%
-35.8%
STAA
Higher net margin
STAA
STAA
123.3% more per $
STAA
-69.9%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q4 FY2024

Metric
NAAS
NAAS
STAA
STAA
Revenue
$25.9M
$49.0M
Net Profit
$-50.0M
$-34.2M
Gross Margin
29.2%
64.7%
Operating Margin
-144.2%
-57.0%
Net Margin
-193.3%
-69.9%
Revenue YoY
121.2%
-35.8%
Net Profit YoY
18.4%
-541.3%
EPS (diluted)
$-0.02
$-0.69

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
NAAS
NAAS
STAA
STAA
Q4 24
$49.0M
Q3 24
$88.6M
Q2 24
$25.9M
$99.0M
Q1 24
$77.4M
Q4 23
$76.3M
Q3 23
$80.3M
Q2 23
$92.3M
Q1 23
$73.5M
Net Profit
NAAS
NAAS
STAA
STAA
Q4 24
$-34.2M
Q3 24
$10.0M
Q2 24
$-50.0M
$7.4M
Q1 24
$-3.3M
Q4 23
$7.8M
Q3 23
$4.8M
Q2 23
$6.1M
Q1 23
$2.7M
Gross Margin
NAAS
NAAS
STAA
STAA
Q4 24
64.7%
Q3 24
77.3%
Q2 24
29.2%
79.2%
Q1 24
78.9%
Q4 23
79.6%
Q3 23
79.2%
Q2 23
76.6%
Q1 23
78.3%
Operating Margin
NAAS
NAAS
STAA
STAA
Q4 24
-57.0%
Q3 24
6.4%
Q2 24
-144.2%
12.0%
Q1 24
-2.9%
Q4 23
13.6%
Q3 23
7.8%
Q2 23
9.3%
Q1 23
3.8%
Net Margin
NAAS
NAAS
STAA
STAA
Q4 24
-69.9%
Q3 24
11.3%
Q2 24
-193.3%
7.5%
Q1 24
-4.3%
Q4 23
10.2%
Q3 23
6.0%
Q2 23
6.6%
Q1 23
3.7%
EPS (diluted)
NAAS
NAAS
STAA
STAA
Q4 24
$-0.69
Q3 24
$0.20
Q2 24
$-0.02
$0.15
Q1 24
$-0.07
Q4 23
$0.16
Q3 23
$0.10
Q2 23
$0.12
Q1 23
$0.05

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
STAA
STAA
Cash + ST InvestmentsLiquidity on hand
$24.7M
$230.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$397.3M
Total Assets
$180.2M
$509.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
STAA
STAA
Q4 24
$230.5M
Q3 24
$236.0M
Q2 24
$24.7M
$235.2M
Q1 24
$245.1M
Q4 23
$220.7M
Q3 23
$188.1M
Q2 23
$192.0M
Q1 23
$203.8M
Stockholders' Equity
NAAS
NAAS
STAA
STAA
Q4 24
$397.3M
Q3 24
$428.1M
Q2 24
$-33.4M
$409.1M
Q1 24
$392.8M
Q4 23
$386.0M
Q3 23
$378.6M
Q2 23
$357.6M
Q1 23
$342.8M
Total Assets
NAAS
NAAS
STAA
STAA
Q4 24
$509.5M
Q3 24
$537.6M
Q2 24
$180.2M
$512.7M
Q1 24
$492.5M
Q4 23
$488.7M
Q3 23
$471.5M
Q2 23
$440.7M
Q1 23
$418.9M

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
STAA
STAA
Operating Cash FlowLast quarter
$-25.7M
$642.0K
Free Cash FlowOCF − Capex
$-5.1M
FCF MarginFCF / Revenue
-10.4%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
STAA
STAA
Q4 24
$642.0K
Q3 24
$3.8M
Q2 24
$-25.7M
$-10.4M
Q1 24
$21.7M
Q4 23
$32.0M
Q3 23
$-6.0M
Q2 23
$-6.3M
Q1 23
$-5.1M
Free Cash Flow
NAAS
NAAS
STAA
STAA
Q4 24
$-5.1M
Q3 24
$-2.4M
Q2 24
$-16.6M
Q1 24
$16.5M
Q4 23
$28.9M
Q3 23
$-15.2M
Q2 23
$-9.3M
Q1 23
$-8.0M
FCF Margin
NAAS
NAAS
STAA
STAA
Q4 24
-10.4%
Q3 24
-2.7%
Q2 24
-16.8%
Q1 24
21.3%
Q4 23
37.9%
Q3 23
-18.9%
Q2 23
-10.1%
Q1 23
-10.9%
Capex Intensity
NAAS
NAAS
STAA
STAA
Q4 24
11.7%
Q3 24
7.0%
Q2 24
6.3%
Q1 24
6.7%
Q4 23
4.0%
Q3 23
11.4%
Q2 23
3.3%
Q1 23
3.9%
Cash Conversion
NAAS
NAAS
STAA
STAA
Q4 24
Q3 24
0.38×
Q2 24
-1.41×
Q1 24
Q4 23
4.12×
Q3 23
-1.24×
Q2 23
-1.04×
Q1 23
-1.88×

Financial Flow Comparison

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

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