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$0.80 - $2.70
Previous CloseN/A
Volume12.31K
Average Volume (3M)54.56K
Market Cap
$30.44M
Enterprise Value$30.94M
Total Cash (Recent Filing)$664.30K
Total Debt (Recent Filing)$1.17M
Price to Earnings (P/E)―
Beta0.49
Next Earnings
May 07, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.06
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 Cap1.02
Enterprise Value/Revenue27.60
Enterprise Value/Gross Profit28.80
Enterprise Value/Ebitda-15.95
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 Business ModelA licensing model based on SPD intellectual property creates a capital-light, scalable revenue engine: royalties grow with partner production rather than corporate manufacturing. This structure supports margin expansion potential and limits fixed-cost exposure, aiding durability as adoption rises.
Broadening OEM AdoptionCommercial validation with premium OEMs and multiple high-volume quotations materially reduces execution risk versus one-off deals. Multi‑OEM adoption diversifies end-market exposure, increasing the chance royalties scale sustainably as several programs convert from engineering to series production.
Debt-free Balance SheetEliminating debt and securing fresh capital lowers refinancing risk and preserves flexibility to support commercialization, R&D, and partner transitions. A debt-free position improves runway and reduces near-term capital markets dependence while programs mature toward royalty generation.
Bears Say
Persistent Negative Cash FlowRepeat negative operating and free cash flow signals ongoing cash burn that erodes liquidity without sustained royalty inflows. Continued outflows force reliance on external raises or partner-funded activity, increasing dilution risk and constraining ability to invest in commercialization at scale.
Rising LeverageMaterial increase in leverage and a shrunken equity base reduce financial flexibility; higher debt levels raise refinancing and interest obligations, limit capacity to absorb shocks, and may compel dilutive financing if cash burn continues or royalties underperform.
Revenue Timing & Collection RiskRoyalty realization depends on multi‑quarter OEM integration cycles and on-time licensee collections. Receivable delays, licensee bankruptcies and regional disruptions create structural timing uncertainty for cash and revenue recognition, complicating forecasting and funding needs.
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 $30.44M.
When is Research Frontiers Inc.’s upcoming earnings report date?
Research Frontiers Inc.’s upcoming earnings report date is May 07, 2026 which is today.
How were Research Frontiers Inc.’s earnings last quarter?
Currently, no data Available
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?
Currently, no data Available
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
3.28%
Insiders
2.50% Mutual Funds
0.03% Other Institutional Investors
92.39% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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