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Side-by-side financial comparison of NETWORK-1 TECHNOLOGIES, INC. (NTIP) and RESEARCH FRONTIERS INC (REFR). Click either name above to swap in a different company.

NETWORK-1 TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($448.0K vs $72.1K, roughly 6.2× RESEARCH FRONTIERS INC). On growth, NETWORK-1 TECHNOLOGIES, INC. posted the faster year-over-year revenue change (-8.6% vs -59.5%). Over the past eight quarters, NETWORK-1 TECHNOLOGIES, INC.'s revenue compounded faster (2.0% CAGR vs -52.0%).

Sterlite Technologies Limited is an Indian optical and digital technology company, headquartered in Pune. It is listed on Bombay Stock Exchange and National Stock Exchange of India. It has 636 patents and is active in over 150 countries. The company is specialized in optical networking which consists of optical fiber and cables, hyper-scale network design, and deployment and network software.

Research Frontiers is an American nanotechnology company based in Woodbury, New York that was founded by Robert Saxe in 1965 to develop light control technology from Polaroid known as smart glass. The company develops and licenses its patented SPD-SmartGlass technology. The company currently has six full-time employees.

NTIP vs REFR — Head-to-Head

Bigger by revenue
NTIP
NTIP
6.2× larger
NTIP
$448.0K
$72.1K
REFR
Growing faster (revenue YoY)
NTIP
NTIP
+50.9% gap
NTIP
-8.6%
-59.5%
REFR
Faster 2-yr revenue CAGR
NTIP
NTIP
Annualised
NTIP
2.0%
-52.0%
REFR

Income Statement — Q4 2025 vs Q4 2025

Metric
NTIP
NTIP
REFR
REFR
Revenue
$448.0K
$72.1K
Net Profit
$-765.6K
Gross Margin
Operating Margin
-1072.5%
Net Margin
-1061.5%
Revenue YoY
-8.6%
-59.5%
Net Profit YoY
9.3%
-25.9%
EPS (diluted)
$-0.02

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
NTIP
NTIP
REFR
REFR
Q4 25
$448.0K
$72.1K
Q3 25
$0
$359.4K
Q2 25
$0
$129.9K
Q1 25
$150.0K
$559.8K
Q4 24
$490.0K
$178.2K
Q3 24
$0
$354.4K
Q2 24
$100.0K
$489.6K
Q1 24
$431.0K
$313.4K
Net Profit
NTIP
NTIP
REFR
REFR
Q4 25
$-765.6K
Q3 25
$-560.0K
$-298.5K
Q2 25
$-463.0K
$-803.8K
Q1 25
$-363.0K
$-177.7K
Q4 24
$-607.9K
Q3 24
$-316.0K
$-166.8K
Q2 24
$-658.0K
$-94.0K
Q1 24
$-920.0K
$-442.6K
Gross Margin
NTIP
NTIP
REFR
REFR
Q4 25
Q3 25
Q2 25
Q1 25
72.0%
Q4 24
Q3 24
Q2 24
72.0%
Q1 24
Operating Margin
NTIP
NTIP
REFR
REFR
Q4 25
-1072.5%
Q3 25
-84.6%
Q2 25
-627.5%
Q1 25
-430.0%
-42.8%
Q4 24
-350.4%
Q3 24
-65.4%
Q2 24
-624.0%
-23.7%
Q1 24
-213.0%
-149.9%
Net Margin
NTIP
NTIP
REFR
REFR
Q4 25
-1061.5%
Q3 25
-83.0%
Q2 25
-618.8%
Q1 25
-242.0%
-31.7%
Q4 24
-341.2%
Q3 24
-47.1%
Q2 24
-658.0%
-19.2%
Q1 24
-213.5%
-141.2%
EPS (diluted)
NTIP
NTIP
REFR
REFR
Q4 25
$-0.02
Q3 25
$-0.02
$-0.01
Q2 25
$-0.02
$-0.02
Q1 25
$-0.02
$-0.01
Q4 24
$-0.03
Q3 24
$-0.01
$0.00
Q2 24
$-0.03
$0.00
Q1 24
$-0.04
$-0.01

Balance Sheet & Financial Strength

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

Metric
NTIP
NTIP
REFR
REFR
Cash + ST InvestmentsLiquidity on hand
$36.9M
$664.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$39.6M
$933.6K
Total Assets
$40.3M
$2.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTIP
NTIP
REFR
REFR
Q4 25
$36.9M
$664.3K
Q3 25
$37.1M
$1.1M
Q2 25
$38.5M
$1.3M
Q1 25
$39.2M
$1.4M
Q4 24
$40.6M
$2.0M
Q3 24
$41.5M
$1.6M
Q2 24
$42.6M
$1.9M
Q1 24
$43.4M
$2.1M
Stockholders' Equity
NTIP
NTIP
REFR
REFR
Q4 25
$39.6M
$933.6K
Q3 25
$40.5M
$1.5M
Q2 25
$42.3M
$1.8M
Q1 25
$42.7M
$2.4M
Q4 24
$44.3M
$2.6M
Q3 24
$45.6M
$2.8M
Q2 24
$47.2M
$3.0M
Q1 24
$48.4M
$3.1M
Total Assets
NTIP
NTIP
REFR
REFR
Q4 25
$40.3M
$2.3M
Q3 25
$41.0M
$2.8M
Q2 25
$42.8M
$3.2M
Q1 25
$43.9M
$3.8M
Q4 24
$45.4M
$4.0M
Q3 24
$46.6M
$3.0M
Q2 24
$48.1M
$3.4M
Q1 24
$49.6M
$3.5M

Cash Flow & Capital Efficiency

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

Metric
NTIP
NTIP
REFR
REFR
Operating Cash FlowLast quarter
$-869.0K
$-465.9K
Free Cash FlowOCF − Capex
$-466.1K
FCF MarginFCF / Revenue
-646.2%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTIP
NTIP
REFR
REFR
Q4 25
$-869.0K
$-465.9K
Q3 25
$-104.0K
$-143.5K
Q2 25
$-661.0K
$-78.4K
Q1 25
$159.0K
$-641.3K
Q4 24
$-1.1M
$47.1K
Q3 24
$-25.0K
$-257.9K
Q2 24
$-64.0K
$-186.9K
Q1 24
$-596.0K
$-391.1K
Free Cash Flow
NTIP
NTIP
REFR
REFR
Q4 25
$-466.1K
Q3 25
$-143.9K
Q2 25
$-78.5K
Q1 25
$-641.4K
Q4 24
$46.2K
Q3 24
$-258.5K
Q2 24
$-187.0K
Q1 24
$-391.2K
FCF Margin
NTIP
NTIP
REFR
REFR
Q4 25
-646.2%
Q3 25
-40.0%
Q2 25
-60.5%
Q1 25
-114.6%
Q4 24
25.9%
Q3 24
-72.9%
Q2 24
-38.2%
Q1 24
-124.8%
Capex Intensity
NTIP
NTIP
REFR
REFR
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

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

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