Citrotech vs Research Frontiers
Citrotech is the larger business, with $2.4m of revenue in fiscal 2025 against $1.1m for Research Frontiers (2.1 times as much). Citrotech grew faster (194.6% against -16.0%). Research Frontiers kept more of each dollar of sales as profit: a net margin of -182.4% against -1546.9%. Research Frontiers carries less debt relative to equity (0.0% against 1.9%).
| Latest fiscal year | CitrotechCITR, 2025 | Research FrontiersREFR, 2025 |
|---|---|---|
| Revenue | $2.4m | $1.1m |
| Revenue growth | 194.6% | -16.0% |
| Net income | −$36.8m | −$2.0m |
| Operating margin | -692.7% | -190.2% |
| Net margin | -1546.9% | -182.4% |
| Return on equity | — | -115.6% |
| Free cash flow | −$6.1m | −$1.3m |
| Cash | $6.3m | $664,299 |
| Total debt | $219,321 | $0 |
| Debt to equity | 1.9% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 14 | — |
| Market value | $55.2m | $12.2m |
| Price vs our value range | — | — |
| Moat score | — | 18 (Weak) |
| Insider trades, 12 months | 1 buys, 1 sales | 0 buys, 0 sales |