Research Frontiers Inc. (REFR)
NASDAQ:REFR
Want to see REFR full AI Analyst Report?
REFR Stock Chart & Stats
$1.27
$0.05(2.99%)
At close: 4:00 PM EST
$1.27
$0.05(2.99%)
Day’s Range― - ―
52-Week Range$0.60 - $2.70
Previous CloseN/A
Volume12.31K
Average Volume (3M)54.56K
Market Cap
$20.92M
Enterprise Value$22.20M
Total Cash (Recent Filing)$1.28M
Total Debt (Recent Filing)$1.13M
Price to Earnings (P/E)―
Beta0.37
Next Earnings
Jul 30, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.07
Shares Outstanding34,867,786
10 Day Avg. Volume80,091
30 Day Avg. Volume54,565
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)47.21
Price to Sales (P/S)39.31
P/FCF Ratio-33.15
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue31.82
Enterprise Value/Gross Profit33.96
Enterprise Value/Ebitda-10.05
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Series Production Traction With OEMsMultiple OEM series programs demonstrate product-market fit and create a foundation for recurring royalties. Meeting cost and color targets raises switching costs for customers and strengthens competitive positioning across automotive and aerospace over the medium term.
Improved Liquidity And No DebtA stronger cash position and lack of debt reduce short-term financing pressure and give runway for commercialization and R&D. This durable improvement lowers refinancing risk and preserves flexibility to support licensee programs or weather timing issues tied to royalties.
Licensing-based Revenue ModelA licensing/royalty model is capital-light and scalable: intellectual property generates ongoing revenue as partners scale manufacturing. Over 2–6 months this supports durable upside from end-market adoption without heavy capex, aligning company returns to partner volume growth.
Bears Say
Licensee Concentration And Partner InstabilityHeavy reliance on a small set of licensees makes royalty streams vulnerable to partner financial stress or legal proceedings. Licensee failures or delays cause lasting revenue volatility and complicate forecasting and investment decisions over the medium term.
Negative Operating And Free Cash FlowOngoing cash burn despite recent cash inflow means the company lacks self-sustaining cash generation. Continued negative FCF increases dilution or financing risk and constrains the ability to fund commercialization, R&D, or support licensees without external capital.
Structural UnprofitabilityPersistent large losses and a steep TTM revenue decline indicate the business must materially grow royalties or cut costs to reach break-even. Over several months this undermines internal reinvestment capacity and raises dependence on external funding to sustain operations.
Research Frontiers News
REFR FAQ
What was Research Frontiers Inc.’s price range in the past 12 months?
Research Frontiers Inc. lowest stock price was $0.60 and its highest was $2.70 in the past 12 months.
What is Research Frontiers Inc.’s market cap?
Research Frontiers Inc.’s market cap is $20.92M.
When is Research Frontiers Inc.’s upcoming earnings report date?
Research Frontiers Inc.’s upcoming earnings report date is Jul 30, 2026 which is in 39 days.
How were Research Frontiers Inc.’s earnings last quarter?
Research Frontiers Inc. released its earnings results on May 07, 2026. The company reported -$0.015 earnings per share for the quarter, missing the consensus estimate of N/A by -$0.015.
Is Research Frontiers Inc. overvalued?
According to Wall Street analysts Research Frontiers Inc.’s price is currently Overvalued.
Does Research Frontiers Inc. pay dividends?
Research Frontiers Inc. does not currently pay dividends.
What is Research Frontiers Inc.’s EPS estimate?
Research Frontiers Inc.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Research Frontiers Inc. have?
Research Frontiers Inc. has 34,867,786 shares outstanding.
What happened to Research Frontiers Inc.’s price movement after its last earnings report?
Research Frontiers Inc. reported an EPS of -$0.015 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -9.484%.
Which hedge fund is a major shareholder of Research Frontiers Inc.?
Currently, no hedge funds are holding shares in REFR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Research Frontiers Inc.
Research Frontiers Incorporated (REFR) stands as a global innovator, focusing on the development and commercialization of advanced light-regulating technologies and associated devices. The company's core business revolves around its proprietary Suspended Particle Device (SPD-Smart) light-control technology, which it licenses to other businesses. These licensees then undertake the manufacturing and marketing of various components: the SPD-Smart chemical emulsion, the light-controlling film created from this emulsion, laminated light-control panels, and the necessary electronic systems to power final products that integrate the film. Additionally, Research Frontiers offers licenses for lamination services and the end-products themselves, such as dynamic windows, skylights, and sunroofs. The versatile SPD-Smart light-control technology is integrated into a diverse array of applications. This includes architectural elements like windows, sunshades, skylights, and interior partitions for both residential and commercial buildings. In the automotive sector, it's utilized in vehicle windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels, and navigation systems. Beyond these, the technology enhances aircraft windows, museum display panels, specialized eyewear products, and flat panel displays for electronic goods. The company primarily caters to the architectural, automotive, marine, aerospace, and appliance industries. Research Frontiers Incorporated was established in 1965 and is based in Woodbury, New York.
REFR Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call conveyed cautious optimism: the company strengthened its balance sheet (cash up ~92.8%, debt-free), production and customer programs continued, and next‑generation black SPD development is progressing — all positive indicators. However, near-term revenue and liquidity were materially impacted by GAAP timing effects and ongoing French rehabilitation proceedings involving a key licensee, and recent licensee liquidations highlight partner volatility. Positives and negatives are both significant and roughly balanced, yielding a cautiously neutral outlook.View all REFR earnings summariesTechnical Analysis
Ownership Overview
3.27%
Insiders
2.43% Mutual Funds
3.17% Other Institutional Investors
89.32% Public Companies and
Individual Investors
Options Prices
Currently, No data available
---