Research Frontiers Inc. (REFR)
NASDAQ:REFR
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$0.80 - $2.70
Previous CloseN/A
Volume12.31K
Average Volume (3M)54.56K
Market Cap
$33.35M
Enterprise Value$35.77M
Total Cash (Recent Filing)$664.30K
Total Debt (Recent Filing)$1.17M
Price to Earnings (P/E)―
Beta0.44
Next Earnings
Apr 30, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
Shares Outstanding34,748,222
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 Cap1.07
Enterprise Value/Revenue31.90
Enterprise Value/Gross Profit33.29
Enterprise Value/Ebitda-18.44
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
Long-term IP And Platform InvestmentA cumulative $125M investment in SPD technology reflects a deep, long-standing R&D and IP base. This durable technical moat supports licensing leverage, lowers competitor entry risk, and underpins future royalty scale as licensees commercialize products over multiple years.
Broadening OEM Pipeline And Production WinsValidation across multiple OEMs and models diversifies concentration risk and increases probability of multi-year royalty streams. High-volume quotations expand addressable volume, creating structurally larger future royalty potential as programs move from engineering to repeat production.
Improved Near-term Liquidity And Debt RemovalExiting 2025 with no debt and fresh capital materially reduces short-term refinancing risk and improves financial flexibility. This creates runway for commercialization support and licensing activity, allowing management to focus on converting quotes to production without immediate solvency pressure.
Bears Say
Weak Cash GenerationPersistent negative operating and free cash flow indicates the business cannot internally fund growth or absorb program timing shocks. Over 2-6 months this raises dependency on external funding or equity dilution and constrains the company's ability to support licensees or scale production.
Revenue Volatility And Fragile MarginsIrregular revenue and minimal gross profit signal limited operating leverage and fragile earnings quality. Structural adoption lags in automotive/architectural markets mean royalties may remain uneven, making multi-quarter revenue predictability and margin expansion uncertain.
Counterparty Disruption Slowing CollectionsLicensee insolvency and court-supervised processes can materially delay royalty receipts and reallocate liquidity for months. Such counterparty events create structural cash-collection risk and can disrupt rollouts, licensee investments, and timing of revenue realization across the licensing network.
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 $0.80 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 $33.35M.
When is Research Frontiers Inc.’s upcoming earnings report date?
Research Frontiers Inc.’s upcoming earnings report date is Apr 30, 2026 which is in 15 days.
How were Research Frontiers Inc.’s earnings last quarter?
Research Frontiers Inc. released its earnings results on Mar 05, 2026. The company reported -$0.023 earnings per share for the quarter, missing the consensus estimate of N/A by -$0.023.
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 34,748,222 shares outstanding.
What happened to Research Frontiers Inc.’s price movement after its last earnings report?
Research Frontiers Inc. reported an EPS of -$0.023 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -1.01%.
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
Research Frontiers Stock Smart Score
Underperform
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10
Technicals
SMA
Positive
20 days / 200 days
Momentum
-18.40%
12-Months-Change
Fundamentals
Return on Equity
-122.90%
Trailing 12-Months
Asset Growth
-44.26%
Trailing 12-Months
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated a constructive operational and commercial outlook: management highlighted expanded OEM engagements (including Cadillac, Ferrari, McLaren), a broader automotive pipeline with four high-volume quotations, launch of an architectural retrofit product, technical progress on Black SPD, and a strengthened, debt-free balance sheet supported by a targeted $1.1M private placement. Offsetting these positives were near-term headwinds tied to Gauzy's French rehabilitation and related liquidity reallocation that slowed collections, royalty impacts from licensee bankruptcies (six-figure effect), geopolitical disruptions affecting logistics, and the inherent timing lag between automotive integration and royalty revenues. On balance, the strategic progress and diversification of programs and markets outweigh the short-term payment and timing risks, though investors should expect revenue realization to follow program production ramps rather than immediately.View all REFR earnings summariesTechnical Analysis
Ownership Overview
3.29%
Insiders
2.51% Mutual Funds
3.43% Other Institutional Investors
88.96% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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