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Side-by-side financial comparison of NovaBay Pharmaceuticals, Inc. (NBY) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.

NovaBay Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($4.8M vs $4.2M, roughly 1.1× Virgin Galactic Holdings, Inc). NovaBay Pharmaceuticals, Inc. runs the higher net margin — -25.5% vs -2222.2%, a 2196.6% gap on every dollar of revenue. On growth, NovaBay Pharmaceuticals, Inc. posted the faster year-over-year revenue change (126.1% vs 125.5%). NovaBay Pharmaceuticals, Inc. produced more free cash flow last quarter ($-1.7M vs $-113.5M).

NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on products for eye care. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.

NBY vs SPCE — Head-to-Head

Bigger by revenue
NBY
NBY
1.1× larger
NBY
$4.8M
$4.2M
SPCE
Growing faster (revenue YoY)
NBY
NBY
+0.5% gap
NBY
126.1%
125.5%
SPCE
Higher net margin
NBY
NBY
2196.6% more per $
NBY
-25.5%
-2222.2%
SPCE
More free cash flow
NBY
NBY
$111.9M more FCF
NBY
$-1.7M
$-113.5M
SPCE

Income Statement — Q4 FY2024 vs Q2 FY2024

Metric
NBY
NBY
SPCE
SPCE
Revenue
$4.8M
$4.2M
Net Profit
$-1.2M
$-93.8M
Gross Margin
65.2%
-546.6%
Operating Margin
-37.2%
-2412.1%
Net Margin
-25.5%
-2222.2%
Revenue YoY
126.1%
125.5%
Net Profit YoY
70.5%
30.2%
EPS (diluted)
$-4.36

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
NBY
NBY
SPCE
SPCE
Q4 24
$4.8M
Q3 24
$0
Q2 24
$2.4M
$4.2M
Q1 24
$2.6M
$2.0M
Q4 23
$2.1M
$2.8M
Q3 23
$2.5M
$1.7M
Q2 23
$3.5M
$1.9M
Q1 23
$2.3M
Net Profit
NBY
NBY
SPCE
SPCE
Q4 24
$-1.2M
Q3 24
$-1.2M
Q2 24
$-1.6M
$-93.8M
Q1 24
$-3.2M
$-102.0M
Q4 23
$-4.1M
$-104.0M
Q3 23
$-1.8M
$-104.6M
Q2 23
$-2.0M
$-134.4M
Q1 23
$-1.7M
Gross Margin
NBY
NBY
SPCE
SPCE
Q4 24
65.2%
Q3 24
Q2 24
66.3%
-546.6%
Q1 24
68.2%
-1038.1%
Q4 23
51.5%
-766.4%
Q3 23
67.0%
-1384.3%
Q2 23
49.2%
87.5%
Q1 23
68.4%
Operating Margin
NBY
NBY
SPCE
SPCE
Q4 24
-37.2%
Q3 24
Q2 24
-67.4%
-2412.1%
Q1 24
-87.1%
-5599.9%
Q4 23
-48.0%
-4067.8%
Q3 23
-28.1%
-6613.0%
Q2 23
-29.7%
-7459.4%
Q1 23
-57.5%
Net Margin
NBY
NBY
SPCE
SPCE
Q4 24
-25.5%
Q3 24
Q2 24
-66.0%
-2222.2%
Q1 24
-122.2%
-5139.1%
Q4 23
-195.5%
-3701.8%
Q3 23
-70.8%
-6053.5%
Q2 23
-57.6%
-7181.4%
Q1 23
-74.3%
EPS (diluted)
NBY
NBY
SPCE
SPCE
Q4 24
Q3 24
$-1.92
Q2 24
$-1.37
$-4.36
Q1 24
$-29.95
$-5.10
Q4 23
$-14.49
Q3 23
$-5.57
Q2 23
$-9.16
Q1 23

Balance Sheet & Financial Strength

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

Metric
NBY
NBY
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$430.0K
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.0K
$394.8M
Total Assets
$3.4M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NBY
NBY
SPCE
SPCE
Q4 24
$430.0K
Q3 24
$776.0K
Q2 24
$751.0K
$775.7M
Q1 24
$1.8M
$765.2M
Q4 23
$2.9M
$874.0M
Q3 23
$3.5M
$997.1M
Q2 23
$4.4M
$940.2M
Q1 23
$3.7M
Stockholders' Equity
NBY
NBY
SPCE
SPCE
Q4 24
$-129.0K
Q3 24
$1.1M
Q2 24
$-617.0K
$394.8M
Q1 24
$160.0K
$417.6M
Q4 23
$3.3M
$505.5M
Q3 23
$7.0M
$599.4M
Q2 23
$8.6M
$484.5M
Q1 23
$8.9M
Total Assets
NBY
NBY
SPCE
SPCE
Q4 24
$3.4M
Q3 24
$3.9M
Q2 24
$3.9M
$1.1B
Q1 24
$5.4M
$1.1B
Q4 23
$9.0M
$1.2B
Q3 23
$12.9M
$1.3B
Q2 23
$16.0M
$1.1B
Q1 23
$14.8M

Cash Flow & Capital Efficiency

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

Metric
NBY
NBY
SPCE
SPCE
Operating Cash FlowLast quarter
$-1.7M
$-79.1M
Free Cash FlowOCF − Capex
$-1.7M
$-113.5M
FCF MarginFCF / Revenue
-35.4%
-2690.7%
Capex IntensityCapex / Revenue
0.1%
815.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NBY
NBY
SPCE
SPCE
Q4 24
$-1.7M
Q3 24
$-2.4M
Q2 24
$-1.4M
$-79.1M
Q1 24
$-2.0M
$-113.2M
Q4 23
$-592.0K
$-95.3M
Q3 23
$-646.0K
$-91.5M
Q2 23
$-1.7M
$-125.3M
Q1 23
$-1.2M
Free Cash Flow
NBY
NBY
SPCE
SPCE
Q4 24
$-1.7M
Q3 24
Q2 24
$-113.5M
Q1 24
$-2.0M
$-126.3M
Q4 23
$-595.0K
$-113.7M
Q3 23
$-647.0K
$-104.8M
Q2 23
$-1.7M
$-135.2M
Q1 23
$-1.2M
FCF Margin
NBY
NBY
SPCE
SPCE
Q4 24
-35.4%
Q3 24
Q2 24
-2690.7%
Q1 24
-75.3%
-6362.8%
Q4 23
-28.3%
-4046.9%
Q3 23
-26.1%
-6066.1%
Q2 23
-48.3%
-7224.3%
Q1 23
-51.3%
Capex Intensity
NBY
NBY
SPCE
SPCE
Q4 24
0.1%
Q3 24
Q2 24
0.0%
815.5%
Q1 24
0.1%
658.5%
Q4 23
0.1%
653.9%
Q3 23
0.0%
771.1%
Q2 23
0.1%
526.4%
Q1 23
0.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

NBY
NBY

Other$2.4M51%
Total Product Revenue$2.3M49%

SPCE
SPCE

Segment breakdown not available.

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