vs

Side-by-side financial comparison of Neonode Inc. (NEON) and PULSE BIOSCIENCES, INC. (PLSE). Click either name above to swap in a different company.

Neonode Inc. is the larger business by last-quarter revenue ($430.0K vs $264.0K, roughly 1.6× PULSE BIOSCIENCES, INC.). Neonode Inc. runs the higher net margin — 3298.6% vs -6603.4%, a 9902.0% gap on every dollar of revenue. Neonode Inc. produced more free cash flow last quarter ($-1.6M vs $-14.9M).

Neonode Inc. develops and markets innovative optical touch sensing and contactless gesture recognition technologies for global clients. Its core offerings include zForce sensing modules, embedded software solutions and custom integration services, deployed across key end segments including automotive infotainment systems, industrial human-machine interfaces, consumer electronics and medical devices.

Colossal Biosciences Inc. is an American biotechnology and genetic engineering company working to de-extinct several extinct animals, including the woolly mammoth, the Tasmanian tiger, the northern white rhinoceros, the dire wolf, the dodo, and the moa. In 2023, it stated that it wants to have woolly mammoth hybrid calves by 2028, and wants to reintroduce them to the Arctic tundra habitat. Likewise, it launched the Tasmanian Thylacine Advisory Committee, a thylacine research project to releas...

NEON vs PLSE — Head-to-Head

Bigger by revenue
NEON
NEON
1.6× larger
NEON
$430.0K
$264.0K
PLSE
Higher net margin
NEON
NEON
9902.0% more per $
NEON
3298.6%
-6603.4%
PLSE
More free cash flow
NEON
NEON
$13.3M more FCF
NEON
$-1.6M
$-14.9M
PLSE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NEON
NEON
PLSE
PLSE
Revenue
$430.0K
$264.0K
Net Profit
$14.2M
$-17.4M
Gross Margin
97.9%
Operating Margin
-6914.0%
Net Margin
3298.6%
-6603.4%
Revenue YoY
-48.7%
Net Profit YoY
1404.9%
10.1%
EPS (diluted)

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
NEON
NEON
PLSE
PLSE
Q4 25
$264.0K
Q3 25
$430.0K
$86.0K
Q2 25
$599.0K
$0
Q1 25
$513.0K
$0
Q4 24
$0
Q3 24
$838.0K
$0
Q2 24
$801.0K
$0
Q1 24
$814.0K
$0
Net Profit
NEON
NEON
PLSE
PLSE
Q4 25
$-17.4M
Q3 25
$14.2M
$-19.4M
Q2 25
$-1.9M
$-19.2M
Q1 25
$-1.7M
$-16.8M
Q4 24
$-19.4M
Q3 24
$-1.1M
$-12.7M
Q2 24
$-1.7M
$-11.4M
Q1 24
$-2.1M
$-10.1M
Gross Margin
NEON
NEON
PLSE
PLSE
Q4 25
Q3 25
97.9%
-224.4%
Q2 25
99.0%
Q1 25
98.2%
Q4 24
Q3 24
97.3%
Q2 24
97.0%
Q1 24
97.9%
Operating Margin
NEON
NEON
PLSE
PLSE
Q4 25
-6914.0%
Q3 25
-23682.6%
Q2 25
-352.3%
Q1 25
-383.0%
Q4 24
Q3 24
-146.2%
Q2 24
-223.3%
Q1 24
-231.7%
Net Margin
NEON
NEON
PLSE
PLSE
Q4 25
-6603.4%
Q3 25
3298.6%
-22540.7%
Q2 25
-311.9%
Q1 25
-337.8%
Q4 24
Q3 24
-129.7%
Q2 24
-211.6%
Q1 24
-256.0%
EPS (diluted)
NEON
NEON
PLSE
PLSE
Q4 25
Q3 25
Q2 25
$-0.11
Q1 25
$-0.10
Q4 24
Q3 24
$-0.07
Q2 24
$-0.11
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
NEON
NEON
PLSE
PLSE
Cash + ST InvestmentsLiquidity on hand
$11.6M
$80.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.8M
$80.7M
Total Assets
$32.8M
$94.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEON
NEON
PLSE
PLSE
Q4 25
$80.7M
Q3 25
$11.6M
$95.2M
Q2 25
$13.2M
$106.3M
Q1 25
$15.0M
$119.3M
Q4 24
$118.0M
Q3 24
$79.0M
Q2 24
$26.2M
Q1 24
$14.3M
$34.9M
Stockholders' Equity
NEON
NEON
PLSE
PLSE
Q4 25
$80.7M
Q3 25
$26.8M
$92.7M
Q2 25
$12.7M
$104.5M
Q1 25
$14.6M
$118.5M
Q4 24
$114.9M
Q3 24
$18.0M
$79.1M
Q2 24
$13.3M
$27.0M
Q1 24
$15.0M
$36.3M
Total Assets
NEON
NEON
PLSE
PLSE
Q4 25
$94.5M
Q3 25
$32.8M
$108.8M
Q2 25
$15.1M
$120.3M
Q1 25
$17.0M
$133.4M
Q4 24
$132.5M
Q3 24
$19.6M
$93.0M
Q2 24
$15.2M
$40.4M
Q1 24
$16.9M
$49.2M

Cash Flow & Capital Efficiency

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

Metric
NEON
NEON
PLSE
PLSE
Operating Cash FlowLast quarter
$-1.5M
$-14.8M
Free Cash FlowOCF − Capex
$-1.6M
$-14.9M
FCF MarginFCF / Revenue
-372.6%
-5628.8%
Capex IntensityCapex / Revenue
17.4%
39.8%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters
$-54.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEON
NEON
PLSE
PLSE
Q4 25
$-14.8M
Q3 25
$-1.5M
$-13.0M
Q2 25
$-1.8M
$-12.8M
Q1 25
$-1.4M
$-13.5M
Q4 24
$-9.1M
Q3 24
$-1.3M
$-9.0M
Q2 24
$-1.2M
$-8.4M
Q1 24
$-1.9M
$-9.8M
Free Cash Flow
NEON
NEON
PLSE
PLSE
Q4 25
$-14.9M
Q3 25
$-1.6M
$-13.1M
Q2 25
$-1.8M
$-12.9M
Q1 25
$-1.4M
$-13.6M
Q4 24
$-9.2M
Q3 24
$-9.1M
Q2 24
$-8.4M
Q1 24
$-9.8M
FCF Margin
NEON
NEON
PLSE
PLSE
Q4 25
-5628.8%
Q3 25
-372.6%
-15233.7%
Q2 25
-296.3%
Q1 25
-272.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
NEON
NEON
PLSE
PLSE
Q4 25
39.8%
Q3 25
17.4%
72.1%
Q2 25
4.2%
Q1 25
7.8%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
NEON
NEON
PLSE
PLSE
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons