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Side-by-side financial comparison of RETRACTABLE TECHNOLOGIES INC (RVP) and VisionWave Holdings, Inc. (VWAV). Click either name above to swap in a different company.

VisionWave Holdings, Inc. is the larger business by last-quarter revenue ($10.0M vs $9.4M, roughly 1.1× RETRACTABLE TECHNOLOGIES INC). RETRACTABLE TECHNOLOGIES INC runs the higher net margin — -24.9% vs -69.4%, a 44.5% gap on every dollar of revenue.

Retractable Technologies Inc is a specialized medical device manufacturer that designs, manufactures and distributes safety-engineered disposable medical products, including retractable syringes, safety needles and IV catheters. Its key customers are healthcare facilities, pharmaceutical companies and public health agencies across North America and global markets, helping reduce needlestick injury risks for medical personnel and patients.

CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...

RVP vs VWAV — Head-to-Head

Bigger by revenue
VWAV
VWAV
1.1× larger
VWAV
$10.0M
$9.4M
RVP
Higher net margin
RVP
RVP
44.5% more per $
RVP
-24.9%
-69.4%
VWAV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
RVP
RVP
VWAV
VWAV
Revenue
$9.4M
$10.0M
Net Profit
$-2.3M
$-6.9M
Gross Margin
-16.2%
Operating Margin
-81.7%
-65.7%
Net Margin
-24.9%
-69.4%
Revenue YoY
4.0%
Net Profit YoY
-162.3%
-1522.6%
EPS (diluted)
$-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
RVP
RVP
VWAV
VWAV
Q4 25
$9.4M
$10.0M
Q3 25
$10.1M
Q2 25
$10.4M
Q1 25
$8.3M
Q4 24
$9.1M
Q3 24
$10.3M
Q2 24
$6.0M
Q1 24
$7.6M
Net Profit
RVP
RVP
VWAV
VWAV
Q4 25
$-2.3M
$-6.9M
Q3 25
$371.0K
Q2 25
$-87.5K
Q1 25
$-10.5M
Q4 24
$3.8M
Q3 24
$-1.9M
Q2 24
$-14.2M
Q1 24
$429.4K
Gross Margin
RVP
RVP
VWAV
VWAV
Q4 25
-16.2%
Q3 25
16.7%
Q2 25
-1.0%
Q1 25
-0.0%
Q4 24
-27.5%
Q3 24
-0.1%
Q2 24
-7.0%
Q1 24
25.0%
Operating Margin
RVP
RVP
VWAV
VWAV
Q4 25
-81.7%
-65.7%
Q3 25
-36.2%
Q2 25
-49.1%
Q1 25
-56.4%
Q4 24
-79.6%
Q3 24
-49.6%
Q2 24
-95.6%
Q1 24
-39.3%
Net Margin
RVP
RVP
VWAV
VWAV
Q4 25
-24.9%
-69.4%
Q3 25
3.7%
Q2 25
-0.8%
Q1 25
-126.6%
Q4 24
41.6%
Q3 24
-18.6%
Q2 24
-234.9%
Q1 24
5.7%
EPS (diluted)
RVP
RVP
VWAV
VWAV
Q4 25
$-0.09
Q3 25
$0.01
Q2 25
$0.00
Q1 25
$-0.35
Q4 24
$0.14
Q3 24
$-0.07
Q2 24
$-0.48
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
RVP
RVP
VWAV
VWAV
Cash + ST InvestmentsLiquidity on hand
$2.6M
$15.7K
Total DebtLower is stronger
$895.6K
Stockholders' EquityBook value
$74.4M
$3.1M
Total Assets
$142.6M
$18.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RVP
RVP
VWAV
VWAV
Q4 25
$2.6M
$15.7K
Q3 25
$3.4M
Q2 25
$3.0M
Q1 25
$3.4M
Q4 24
$4.2M
Q3 24
$3.9M
Q2 24
$6.9M
Q1 24
$10.0M
Total Debt
RVP
RVP
VWAV
VWAV
Q4 25
$895.6K
Q3 25
Q2 25
Q1 25
Q4 24
$1.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
RVP
RVP
VWAV
VWAV
Q4 25
$74.4M
$3.1M
Q3 25
$76.8M
Q2 25
$76.5M
Q1 25
$76.6M
Q4 24
$87.2M
Q3 24
$83.5M
Q2 24
$85.4M
Q1 24
$99.7M
Total Assets
RVP
RVP
VWAV
VWAV
Q4 25
$142.6M
$18.4M
Q3 25
$146.4M
Q2 25
$147.1M
Q1 25
$149.3M
Q4 24
$160.7M
Q3 24
$157.8M
Q2 24
$160.7M
Q1 24
$176.0M
Debt / Equity
RVP
RVP
VWAV
VWAV
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
RVP
RVP
VWAV
VWAV
Operating Cash FlowLast quarter
$-596.5K
$-5.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RVP
RVP
VWAV
VWAV
Q4 25
$-596.5K
$-5.4M
Q3 25
$-1.3M
Q2 25
$-3.7M
Q1 25
$-1.5M
Q4 24
$-1.1M
Q3 24
$-5.7M
Q2 24
$-2.7M
Q1 24
$-2.0M
Free Cash Flow
RVP
RVP
VWAV
VWAV
Q4 25
Q3 25
$-1.3M
Q2 25
$-4.1M
Q1 25
$-1.6M
Q4 24
$-1.4M
Q3 24
$-6.5M
Q2 24
$-2.8M
Q1 24
$-2.2M
FCF Margin
RVP
RVP
VWAV
VWAV
Q4 25
Q3 25
-13.4%
Q2 25
-38.9%
Q1 25
-18.8%
Q4 24
-15.5%
Q3 24
-63.0%
Q2 24
-46.8%
Q1 24
-29.6%
Capex Intensity
RVP
RVP
VWAV
VWAV
Q4 25
Q3 25
0.9%
Q2 25
3.2%
Q1 25
1.0%
Q4 24
3.3%
Q3 24
7.7%
Q2 24
2.0%
Q1 24
3.0%
Cash Conversion
RVP
RVP
VWAV
VWAV
Q4 25
Q3 25
-3.39×
Q2 25
Q1 25
Q4 24
-0.29×
Q3 24
Q2 24
Q1 24
-4.71×

Financial Flow Comparison

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

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