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REFR Stock Chart & Stats
$0.46
-$0.02(-4.27%)
At close: 4:00 PM EDT
$0.46
-$0.02(-4.27%)
Day’s Range― - ―
52-Week Range$0.35 - $2.70
Previous Close$0.54
Volume21.06K
Average Volume (3M)54.56K
Market Cap
$13.95M
Enterprise Value$31.28
Total Cash (Recent Filing)$1.28M
Total Debt (Recent Filing)$1.13M
Price to Earnings (P/E)―
Beta0.45
Next Earnings
Oct 29, 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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
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
IP Licensing, Royalty Business ModelAn IP-licensing, royalty-driven model is durable and asset-light: it scales with partner production without major capex, preserves margins if adoption grows, and focuses management on IP development and enforcement rather than capital-intensive manufacturing—supporting long-term cash leverage if royalties ramp.
Series Production With OEMs And Market TractionHaving SPD in series production across multiple OEMs and meeting cost/color targets is a durable competitive signal: it validates manufacturability, shortens commercialization cycles for follow-on programs, and creates recurring royalty streams tied to vehicle/platform lifecycles rather than one-off projects.
Improved Cash And Debt-free Balance SheetA stronger cash position and zero debt materially reduces short-term solvency risk and extends runway, enabling continued R&D and licensing support. Debt-free status also preserves strategic optionality for partnering or selective financings without immediate leverage pressure.
Bears Say
Sharp Revenue Decline And Persistent UnprofitabilityA steep TTM revenue contraction combined with deeply negative margins signals structural demand and profitability issues: until royalties consistently recover, the company cannot cover operating fixed costs, limiting reinvestment and prolonging dependence on external funding or cost restructuring.
Negative Operating And Free Cash Flow (cash Burn)Sustained negative operating and free cash flow erodes liquidity and increases financing dependence. Persistent cash burn constrains the company’s ability to scale commercialization support, honor licensing milestones, and invest in conversion of next‑generation SPD without dilutive or costly capital raises.
Licensee Instability And French Rehabilitation ProceedingsMaterial partner distress (restructurings, liquidations and court-supervised proceedings) disrupts royalty flows and adds collection and timing risk. Dependency on a small set of licensees makes revenue volatile and can delay commercialization across end markets for several quarters or longer.
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 $0.35 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 $13.95M.
When is Research Frontiers Inc.’s upcoming earnings report date?
Research Frontiers Inc.’s upcoming earnings report date is Oct 29, 2026 which is in 83 days.
How were Research Frontiers Inc.’s earnings last quarter?
Research Frontiers Inc. released its earnings results on Aug 06, 2026. The company reported -$0.02 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
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 -$0.02 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same N/A.
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 Company Deck
REFR Earnings Call
Q2 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
2.37% Mutual Funds
0.12% Other Institutional Investors
92.61% Public Companies and
Individual Investors