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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
$30.04M
Enterprise Value$29.59M
Total Cash (Recent Filing)$664.30K
Total Debt (Recent Filing)$1.17M
Price to Earnings (P/E)―
Beta0.49
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 Cap0.99
Enterprise Value/Revenue26.39
Enterprise Value/Gross Profit27.54
Enterprise Value/Ebitda-15.25
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
Diversified OEM PipelineA broader, multi-OEM pipeline reduces single-customer concentration and raises the probability of multi-program royalty streams as projects move into production. Over a 2–6 month horizon, validated OEM launches and high-volume quotations materially increase the chance of sustained royalty revenue once integration timelines complete.
Product And Technical AdvancesTechnical progress (neutral/black aesthetics, IR/UV variants, yield gains) addresses OEM selection criteria and reduces per-unit costs. These enduring R&D advances strengthen competitive differentiation and lower barriers to adoption, improving long-term margins and making SPD more attractive across automotive and architectural markets.
Improved Balance Sheet FlexibilityTransitioning to a debt-free position and adding dedicated capital increases financial optionality for commercialization and supports working-capital needs during OEM ramp cycles. Over the medium term this reduces refinancing risk and gives management flexibility to support licensee transitions and commercialization investments.
Bears Say
Persistent Negative Cash FlowSustained negative operating cash flow indicates the business cannot self-fund commercialization and remains dependent on external funding or equity dilution. If OEM royalties do not materialize on schedule, continued cash burn could force recurring financing, diluting shareholders and constraining long-term execution.
Elevated Historical Leverage And Balance-Sheet RiskA prior sharp increase in leverage reduced balance-sheet flexibility and raised refinancing and dilution risk. Even with recent corrective steps, the historical erosion of equity and reliance on external capital highlight vulnerability to funding shocks or delayed royalty receipts as programs transition into production.
Volatile Revenue And Weak ProfitabilityInconsistent top-line trends and negligible gross profit point to fragile earnings quality and limited operating leverage. Because Research Frontiers earns royalties tied to partner commercialization, sustained revenue growth depends on partner execution; prolonged volatility impairs cash generation and long-term profitability.
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 $30.04M.
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 37 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
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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