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Side-by-side financial comparison of NewAmsterdam Pharma Co N.V. (NAMS) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.

NewAmsterdam Pharma Co N.V. is the larger business by last-quarter revenue ($19.1M vs $12.2M, roughly 1.6× Recon Technology, Ltd). Recon Technology, Ltd runs the higher net margin — -6.8% vs -90.7%, a 83.9% gap on every dollar of revenue. On growth, NewAmsterdam Pharma Co N.V. posted the faster year-over-year revenue change (740.1% vs 111.0%).

Kite Pharma, Inc. is an American biotechnology company that develops cancer immunotherapy products with a primary focus on genetically engineered autologous CAR T cell therapy - a cell-based therapy which relies on chimeric antigen receptors and T cells. Founded in 2009, and based in Santa Monica, California, it was acquired by Gilead Sciences in 2017.

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.

NAMS vs RCON — Head-to-Head

Bigger by revenue
NAMS
NAMS
1.6× larger
NAMS
$19.1M
$12.2M
RCON
Growing faster (revenue YoY)
NAMS
NAMS
+629.0% gap
NAMS
740.1%
111.0%
RCON
Higher net margin
RCON
RCON
83.9% more per $
RCON
-6.8%
-90.7%
NAMS

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
NAMS
NAMS
RCON
RCON
Revenue
$19.1M
$12.2M
Net Profit
$-17.4M
$-832.7K
Gross Margin
33.5%
Operating Margin
-186.1%
-14.6%
Net Margin
-90.7%
-6.8%
Revenue YoY
740.1%
111.0%
Net Profit YoY
55.5%
70.5%
EPS (diluted)
$-0.15
$-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.

Revenue
NAMS
NAMS
RCON
RCON
Q4 25
$12.2M
Q2 25
$19.1M
Q4 24
$12.8M
$5.8M
Q3 24
$29.1M
Q4 23
$6.4M
Q2 23
$8.6M
Net Profit
NAMS
NAMS
RCON
RCON
Q4 25
$-832.7K
Q2 25
$-17.4M
Q4 24
$-92.2M
$-2.8M
Q3 24
$-16.6M
Q4 23
$-3.2M
Q2 23
$-42.0M
Gross Margin
NAMS
NAMS
RCON
RCON
Q4 25
33.5%
Q2 25
Q4 24
31.7%
Q3 24
Q4 23
26.7%
Q2 23
Operating Margin
NAMS
NAMS
RCON
RCON
Q4 25
-14.6%
Q2 25
-186.1%
Q4 24
-338.5%
-63.9%
Q3 24
-85.9%
Q4 23
-50.4%
Q2 23
-461.8%
Net Margin
NAMS
NAMS
RCON
RCON
Q4 25
-6.8%
Q2 25
-90.7%
Q4 24
-721.7%
-48.9%
Q3 24
-57.2%
Q4 23
-49.8%
Q2 23
-486.9%
EPS (diluted)
NAMS
NAMS
RCON
RCON
Q4 25
$-0.09
Q2 25
$-0.15
Q4 24
$-0.91
$-0.31
Q3 24
$-0.18
Q4 23
$-1.16
Q2 23
$-0.51

Balance Sheet & Financial Strength

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

Metric
NAMS
NAMS
RCON
RCON
Cash + ST InvestmentsLiquidity on hand
$739.2M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$778.5M
$66.4M
Total Assets
$815.1M
$77.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAMS
NAMS
RCON
RCON
Q4 25
$10.7M
Q2 25
$739.2M
Q4 24
$834.2M
$19.9M
Q3 24
$422.7M
Q4 23
$36.0M
Q2 23
Stockholders' Equity
NAMS
NAMS
RCON
RCON
Q4 25
$66.4M
Q2 25
$778.5M
Q4 24
$757.5M
$66.9M
Q3 24
$378.9M
Q4 23
$60.0M
Q2 23
$398.4M
Total Assets
NAMS
NAMS
RCON
RCON
Q4 25
$77.6M
Q2 25
$815.1M
Q4 24
$864.6M
$74.2M
Q3 24
$439.2M
Q4 23
$68.1M
Q2 23

Cash Flow & Capital Efficiency

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

Metric
NAMS
NAMS
RCON
RCON
Operating Cash FlowLast quarter
$-37.7M
$-1.9M
Free Cash FlowOCF − Capex
$-37.8M
FCF MarginFCF / Revenue
-197.2%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-119.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAMS
NAMS
RCON
RCON
Q4 25
$-1.9M
Q2 25
$-37.7M
Q4 24
$-37.5M
$-1.7M
Q3 24
$-12.5M
Q4 23
$-931.0K
Q2 23
$-31.9M
Free Cash Flow
NAMS
NAMS
RCON
RCON
Q4 25
Q2 25
$-37.8M
Q4 24
$-37.5M
Q3 24
$-12.6M
Q4 23
Q2 23
$-31.9M
FCF Margin
NAMS
NAMS
RCON
RCON
Q4 25
Q2 25
-197.2%
Q4 24
-293.5%
Q3 24
-43.2%
Q4 23
Q2 23
-369.3%
Capex Intensity
NAMS
NAMS
RCON
RCON
Q4 25
Q2 25
0.5%
Q4 24
0.0%
Q3 24
0.3%
Q4 23
Q2 23
0.1%

Financial Flow Comparison

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

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