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Medinotec vs Picard Medical: MDNC and PMI compared
Medinotec is the larger company: $3.2M of revenue in its latest quarter (Q2 FY27) against $3.0M for Picard Medical (Q2 2026). Picard Medical is growing faster (+39% against -1% a year earlier). Medinotec is more profitable, with an operating margin of 6.3% against -156.7%.
Where the money goes: MDNC and PMI
Medinotec (MDNC) · Q2 FY27
Medinotec, Q2 FY27: revenue $3.2M (-1% year over year), operating margin 6.3%, net earnings $41K, operating cash flow $108K. The chart follows the revenue to costs, profit and cash.
Picard Medical (PMI) · Q2 2026
Picard Medical, Q2 2026: revenue $3.0M (+39% year over year), operating margin -156.7%, net loss $5.7M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Medinotec (MDNC) | Picard Medical (PMI) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $3.2M | $3.0M |
| Revenue growth, Y/Y | -1% | +39% |
| Gross margin | 48.7% | — |
| Operating margin | 6.3% | -156.7% |
| Net earnings | $41K | −$5.7M |
| Net margin | 1.3% | -191.6% |
| Operating cash flow | $108K | −$1.4M |
| Free cash flow | $61K | — |
Where the revenue comes from
Medinotec
- Outside the United States: $3.0M (94%)
- Inside U S A Internally Designed Manufactured Sales: $200K (6%)
Picard Medical
- Product: $2.9M (99%)
- Rentals: $19K (1%)
Questions
Which is bigger, Medinotec or Picard Medical?
Medinotec is the larger company: $3.2M of revenue in its latest quarter (Q2 FY27) against $3.0M for Picard Medical (Q2 2026).
Is Medinotec or Picard Medical growing faster?
Picard Medical is growing faster (+39% against -1% a year earlier).
Which is more profitable, Medinotec or Picard Medical?
Medinotec is more profitable, with an operating margin of 6.3% against -156.7%.
More: Medinotec earnings · how Medinotec makes money · Picard Medical earnings · how Picard Medical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 8, 2026; 10-Q filed Aug 19, 2026). Fiscal quarters can end on different dates. Not investment advice.