Research Frontiers vs Senestech
Senestech is the larger business, with $2.2m of revenue in fiscal 2025 against $1.1m for Research Frontiers (2.0 times as much). Senestech grew faster (19.6% against -16.0%). Research Frontiers kept more of each dollar of sales as profit: a net margin of -182.4% against -287.4%. Research Frontiers carries less debt relative to equity (0.0% against 2.2%).
| Latest fiscal year | Research FrontiersREFR, 2025 | SenestechSNES, 2025 |
|---|---|---|
| Revenue | $1.1m | $2.2m |
| Revenue growth | -16.0% | 19.6% |
| Net income | −$2.0m | −$6.4m |
| Operating margin | -190.2% | -292.9% |
| Net margin | -182.4% | -287.4% |
| Return on equity | -115.6% | -105.7% |
| Free cash flow | −$1.3m | −$5.9m |
| Cash | $664,299 | $7.6m |
| Total debt | $0 | $206,000 |
| Debt to equity | 0.0% | 2.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 23 |
| Market value | $12.2m | $6.8m |
| Price vs our value range | — | — |
| Moat score | 18 (Weak) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 47 buys, 2 sales |