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Side-by-side financial comparison of Neuphoria Therapeutics Inc. (NEUP) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.

Neuphoria Therapeutics Inc. is the larger business by last-quarter revenue ($15.0M vs $12.2M, roughly 1.2× Recon Technology, Ltd). Neuphoria Therapeutics Inc. runs the higher net margin — 75.1% vs -6.8%, a 81.9% gap on every dollar of revenue.

Neuphoria Therapeutics Inc is a clinical-stage biopharmaceutical company focused on researching and developing innovative targeted therapies for unmet medical needs in neurological and psychiatric conditions, including anxiety, treatment-resistant depression, and other central nervous system disorders. Its core R&D efforts prioritize delivering safer, more effective treatment options for patient groups with limited existing care alternatives.

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.

NEUP vs RCON — Head-to-Head

Bigger by revenue
NEUP
NEUP
1.2× larger
NEUP
$15.0M
$12.2M
RCON
Higher net margin
NEUP
NEUP
81.9% more per $
NEUP
75.1%
-6.8%
RCON

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
NEUP
NEUP
RCON
RCON
Revenue
$15.0M
$12.2M
Net Profit
$11.3M
$-832.7K
Gross Margin
33.5%
Operating Margin
79.8%
-14.6%
Net Margin
75.1%
-6.8%
Revenue YoY
111.0%
Net Profit YoY
70.5%
EPS (diluted)
$6.55
$-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
NEUP
NEUP
RCON
RCON
Q4 25
$12.2M
Q1 25
$15.0M
Q4 24
$5.8M
Q4 23
$6.4M
Net Profit
NEUP
NEUP
RCON
RCON
Q4 25
$-832.7K
Q1 25
$11.3M
Q4 24
$-2.8M
Q4 23
$-3.2M
Gross Margin
NEUP
NEUP
RCON
RCON
Q4 25
33.5%
Q1 25
Q4 24
31.7%
Q4 23
26.7%
Operating Margin
NEUP
NEUP
RCON
RCON
Q4 25
-14.6%
Q1 25
79.8%
Q4 24
-63.9%
Q4 23
-50.4%
Net Margin
NEUP
NEUP
RCON
RCON
Q4 25
-6.8%
Q1 25
75.1%
Q4 24
-48.9%
Q4 23
-49.8%
EPS (diluted)
NEUP
NEUP
RCON
RCON
Q4 25
$-0.09
Q1 25
$6.55
Q4 24
$-0.31
Q4 23
$-1.16

Balance Sheet & Financial Strength

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

Metric
NEUP
NEUP
RCON
RCON
Cash + ST InvestmentsLiquidity on hand
$17.0M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.0M
$66.4M
Total Assets
$30.7M
$77.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEUP
NEUP
RCON
RCON
Q4 25
$10.7M
Q1 25
$17.0M
Q4 24
$19.9M
Q4 23
$36.0M
Stockholders' Equity
NEUP
NEUP
RCON
RCON
Q4 25
$66.4M
Q1 25
$26.0M
Q4 24
$66.9M
Q4 23
$60.0M
Total Assets
NEUP
NEUP
RCON
RCON
Q4 25
$77.6M
Q1 25
$30.7M
Q4 24
$74.2M
Q4 23
$68.1M

Cash Flow & Capital Efficiency

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

Metric
NEUP
NEUP
RCON
RCON
Operating Cash FlowLast quarter
$11.5M
$-1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEUP
NEUP
RCON
RCON
Q4 25
$-1.9M
Q1 25
$11.5M
Q4 24
$-1.7M
Q4 23
$-931.0K
Cash Conversion
NEUP
NEUP
RCON
RCON
Q4 25
Q1 25
1.02×
Q4 24
Q4 23

Financial Flow Comparison

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

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