Adagene vs Evaxion A/s
Adagene and Evaxion A/s are similar in size: $7.7m and $7.5m of revenue in their latest fiscal years. Adagene grew faster (7332.8% against 125.1%). Evaxion A/s kept more of each dollar of sales as profit: a net margin of -102.4% against -229.6%. Adagene carries less debt relative to equity (17.3% against 32.5%).
| Latest fiscal year | AdageneADAG, 2025 | Evaxion A/sEVAX, 2025 |
|---|---|---|
| Revenue | $7.7m | $7.5m |
| Revenue growth | 7332.8% | 125.1% |
| Net income | −$17.6m | −$7.7m |
| Operating margin | -279.5% | -122.7% |
| Net margin | -229.6% | -102.4% |
| Return on equity | -41.0% | -100.2% |
| Free cash flow | −$15.7m | −$6.6m |
| Cash | $74.5m | $23.2m |
| Total debt | $6.1m | $5.5m |
| Debt to equity | 17.3% | 32.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $113m | $24.8m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 5 buys, 0 sales | 0 buys, 0 sales |