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AI Era vs Research Frontiers: AERA and REFR compared
AI Era is the larger company: $1.5M of revenue in its latest quarter (Q3 FY26) against $77K for Research Frontiers (Q3 2026). AI Era is growing faster (-19% against -79% a year earlier). AI Era is more profitable, with an operating margin of -85.2% against -672.5%.
Where the money goes: AERA and REFR
AI Era (AERA) · Q3 FY26
AI Era, Q3 FY26: revenue $1.5M (-19% year over year), operating margin -85.2%, net loss $4.3M, operating cash flow −$519K. The chart follows the revenue to costs, profit and cash.
Research Frontiers (REFR) · Q3 2026
Research Frontiers, Q3 2026: revenue $77K (-79% year over year), operating margin -672.5%, net loss $510K, operating cash flow −$443K. The chart follows the revenue to costs, profit and cash.
| AI Era (AERA) | Research Frontiers (REFR) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $1.5M | $77K |
| Revenue growth, Y/Y | -19% | -79% |
| Operating margin | -85.2% | -672.5% |
| Net earnings | −$4.3M | −$510K |
| Net margin | -288.2% | -662.4% |
| Operating cash flow | −$519K | −$443K |
Where the revenue comes from
AI Era
- I P Segment: $1.4M (96%)
- Cinema Segment: $63K (4%)
Questions
Which is bigger, AI Era or Research Frontiers?
AI Era is the larger company: $1.5M of revenue in its latest quarter (Q3 FY26) against $77K for Research Frontiers (Q3 2026).
Is AI Era or Research Frontiers growing faster?
AI Era is growing faster (-19% against -79% a year earlier).
Which is more profitable, AI Era or Research Frontiers?
AI Era is more profitable, with an operating margin of -85.2% against -672.5%.
More: AI Era earnings · how AI Era makes money · Research Frontiers earnings · how Research Frontiers makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 20, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.