Research Frontiers Inc. (REFR)
NASDAQ:REFR
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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$0.73 - $2.70
Previous CloseN/A
Volume12.31K
Average Volume (3M)54.56K
Market Cap
$26.85M
Enterprise Value$26.70M
Total Cash (Recent Filing)$1.28M
Total Debt (Recent Filing)$1.13M
Price to Earnings (P/E)―
Beta0.35
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 Cap0.99
Enterprise Value/Revenue38.26
Enterprise Value/Gross Profit40.84
Enterprise Value/Ebitda-11.96
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
Licensing-based Recurring RoyaltiesA licensing model that earns royalties from third-party manufacturers and OEMs is capital-light and scalable. Recurring royalty streams align revenue with end-market adoption, reduce manufacturing capex burden, and provide long-term leverage to product volume growth if SPD adoption expands across automotive and architectural markets.
Proven OEM Commercial TractionHaving SPD in series production with four OEMs demonstrates product-market fit and validated manufacturing processes. Series production references create commercial credibility, lower sales cycle friction for new programs, and support sustainable royalty flows as OEM programs scale across production cycles and model refreshes.
Progress On Next-generation (black SPD)Advancing black SPD and specialized film addresses a clear aesthetic and performance gap versus existing products, expanding the addressable market into segments requiring darker neutral tint. A differentiated next-generation product can strengthen competitive barriers and support higher-value licensing opportunities over multiple product cycles.
Bears Say
Sharp Revenue Decline And Persistent LossesA ~50% TTM revenue drop combined with deeply negative margins indicates structural profitability weakness. High operating costs continue to overwhelm gross profit, limiting reinvestment capacity and increasing the likelihood of recurring financing or dilution if sustained, which undermines long-term financial resilience.
Negative Operating And Free Cash FlowPersistent operating and free cash flow deficits mean the company consumes cash rather than generates it, raising funding risk. Even with recent cash injections, ongoing cash burn constrains R&D, commercialization spending, and the ability to support licensee rollouts without recurring financings over the next several months.
Licensee Concentration And Partner Instability RiskHeavy reliance on a small set of licensees exposes royalty revenue to counterparty distress. Recent licensee liquidations and regional rehabilitation proceedings have disrupted cash flows and recognition timing, creating a durable risk that royalties will be volatile and contingent on partner financial health and legal outcomes.
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 $0.73 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 $26.85M.
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 59 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 develops and markets technology and devices to control the flow of light worldwide. The company develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs. Its SPD-Smart light-control technology is used in various product applications, including windows, sunshades, skylights, and interior partitions for homes and buildings; automotive windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels, and navigation systems; aircraft windows; museum display panels, and eyewear products; and flat panel displays for electronic products. The company serves architectural, automotive, marine, and aerospace and appliance applications. Research Frontiers Incorporated was incorporated in 1965 and is headquartered 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
89.33% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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