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Side-by-side financial comparison of Ensysce Biosciences, Inc. (ENSC) and EMERSON RADIO CORP (MSN). Click either name above to swap in a different company.

EMERSON RADIO CORP is the larger business by last-quarter revenue ($1.9M vs $1.9M, roughly 1.0× Ensysce Biosciences, Inc.). EMERSON RADIO CORP runs the higher net margin — -36.7% vs -147.0%, a 110.3% gap on every dollar of revenue. On growth, Ensysce Biosciences, Inc. posted the faster year-over-year revenue change (44.4% vs -52.8%). Over the past eight quarters, Ensysce Biosciences, Inc.'s revenue compounded faster (107.9% CAGR vs -7.3%).

Ensysce Biosciences, Inc. is a clinical-stage biotechnology firm specializing in developing innovative prodrug therapies for pain management and oncology indications. Its proprietary platform is designed to reduce opioid abuse risks while enhancing treatment efficacy, targeting global healthcare and pharmaceutical markets with a focus on unmet clinical needs.

Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets, and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, an homage to Emerson's logo.

ENSC vs MSN — Head-to-Head

Bigger by revenue
MSN
MSN
1.0× larger
MSN
$1.9M
$1.9M
ENSC
Growing faster (revenue YoY)
ENSC
ENSC
+97.1% gap
ENSC
44.4%
-52.8%
MSN
Higher net margin
MSN
MSN
110.3% more per $
MSN
-36.7%
-147.0%
ENSC
Faster 2-yr revenue CAGR
ENSC
ENSC
Annualised
ENSC
107.9%
-7.3%
MSN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ENSC
ENSC
MSN
MSN
Revenue
$1.9M
$1.9M
Net Profit
$-2.8M
$-694.0K
Gross Margin
10.9%
Operating Margin
-147.8%
-43.7%
Net Margin
-147.0%
-36.7%
Revenue YoY
44.4%
-52.8%
Net Profit YoY
22.3%
-31.7%
EPS (diluted)
$-0.51
$-0.03

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
ENSC
ENSC
MSN
MSN
Q4 25
$1.9M
$1.9M
Q3 25
$493.1K
$1.2M
Q2 25
$1.4M
$1.7M
Q1 25
$1.3M
$1.8M
Q4 24
$1.3M
$4.0M
Q3 24
$3.4M
$2.7M
Q2 24
$2.2M
Q1 24
$2.2M
Net Profit
ENSC
ENSC
MSN
MSN
Q4 25
$-2.8M
$-694.0K
Q3 25
$-3.7M
$-1.0M
Q2 25
$-1.7M
$-1.1M
Q1 25
$-1.9M
$-2.4M
Q4 24
$-3.6M
$-527.0K
Q3 24
$661.8K
$-881.0K
Q2 24
$-962.0K
Q1 24
$-883.0K
Gross Margin
ENSC
ENSC
MSN
MSN
Q4 25
10.9%
Q3 25
-0.1%
Q2 25
0.7%
Q1 25
-3.0%
Q4 24
12.3%
Q3 24
9.9%
Q2 24
8.8%
Q1 24
15.9%
Operating Margin
ENSC
ENSC
MSN
MSN
Q4 25
-147.8%
-43.7%
Q3 25
-758.7%
-98.4%
Q2 25
-127.6%
-78.1%
Q1 25
-149.1%
-137.8%
Q4 24
-274.3%
-18.3%
Q3 24
18.9%
-40.8%
Q2 24
-55.6%
Q1 24
-52.2%
Net Margin
ENSC
ENSC
MSN
MSN
Q4 25
-147.0%
-36.7%
Q3 25
-756.3%
-85.8%
Q2 25
-126.4%
-68.1%
Q1 25
-147.4%
-127.9%
Q4 24
-273.4%
-13.2%
Q3 24
19.4%
-32.2%
Q2 24
-43.8%
Q1 24
-40.1%
EPS (diluted)
ENSC
ENSC
MSN
MSN
Q4 25
$-0.51
$-0.03
Q3 25
$-1.29
$-0.05
Q2 25
$-0.79
$-0.05
Q1 25
$-1.39
$-0.10
Q4 24
$-0.89
$-0.03
Q3 24
$1.00
$-0.04
Q2 24
$-0.05
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
ENSC
ENSC
MSN
MSN
Cash + ST InvestmentsLiquidity on hand
$4.3M
$13.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2M
$18.6M
Total Assets
$7.5M
$20.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
MSN
MSN
Q4 25
$4.3M
$13.3M
Q3 25
$1.7M
$13.5M
Q2 25
$2.2M
$15.5M
Q1 25
$3.1M
$16.1M
Q4 24
$3.5M
$16.4M
Q3 24
$4.2M
$16.7M
Q2 24
$18.9M
Q1 24
$19.9M
Stockholders' Equity
ENSC
ENSC
MSN
MSN
Q4 25
$3.2M
$18.6M
Q3 25
$1.2M
$19.3M
Q2 25
$3.4M
$20.4M
Q1 25
$3.0M
$21.5M
Q4 24
$3.7M
$23.9M
Q3 24
$6.9M
$24.4M
Q2 24
$25.3M
Q1 24
$26.2M
Total Assets
ENSC
ENSC
MSN
MSN
Q4 25
$7.5M
$20.1M
Q3 25
$3.2M
$20.7M
Q2 25
$5.6M
$23.3M
Q1 25
$4.6M
$23.5M
Q4 24
$5.6M
$26.4M
Q3 24
$9.4M
$26.6M
Q2 24
$28.5M
Q1 24
$29.1M

Cash Flow & Capital Efficiency

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

Metric
ENSC
ENSC
MSN
MSN
Operating Cash FlowLast quarter
$-1.5M
$-228.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENSC
ENSC
MSN
MSN
Q4 25
$-1.5M
$-228.0K
Q3 25
$-1.9M
$-2.0M
Q2 25
$-2.7M
$-514.0K
Q1 25
$-1.7M
$-391.0K
Q4 24
$-764.1K
$-293.0K
Q3 24
$-1.0M
$-2.1M
Q2 24
$-840.0K
Q1 24
$-2.2M
Free Cash Flow
ENSC
ENSC
MSN
MSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-301.0K
Q3 24
$-2.1M
Q2 24
$-1.0M
Q1 24
$-2.3M
FCF Margin
ENSC
ENSC
MSN
MSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-7.5%
Q3 24
-77.8%
Q2 24
-46.4%
Q1 24
-102.3%
Capex Intensity
ENSC
ENSC
MSN
MSN
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
8.2%
Q1 24
0.5%
Cash Conversion
ENSC
ENSC
MSN
MSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENSC
ENSC

Segment breakdown not available.

MSN
MSN

Products$1.8M95%
Other$87.0K5%

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