Want to see REFR full AI Analyst Report?
REFR Stock Chart & Stats
$0.48
-$0.02(-4.27%)
At close: 4:00 PM EDT
$0.48
-$0.02(-4.27%)
Day’s Range― - ―
52-Week Range$0.34 - $2.70
Previous Close$0.54
Volume21.06K
Average Volume (3M)3.19M
Market Cap
$22.71M
Enterprise Value$18.14
Total Cash (Recent Filing)$1.09M
Total Debt (Recent Filing)$1.09M
Price to Earnings (P/E)―
Beta0.63
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. Volume9,300,439
30 Day Avg. Volume3,192,306
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
Asset-light Licensing ModelThe licensing and royalty model allows Research Frontiers to monetize intellectual property without directly expanding manufacturing capacity. If SPD adoption grows, royalty revenue could scale across licensees and markets while keeping incremental production requirements outside the company.
Proprietary Technology Across Multiple MarketsA patented light-control technology applicable to automotive, architectural, aircraft, and specialty glazing gives Research Frontiers several potential commercialization paths. This breadth can support durable licensing opportunities and reduce reliance on a single end-market application.
Strong Gross MarginThe approximately 92% trailing gross margin indicates that the underlying licensed technology generates substantial gross profit relative to reported revenue. This provides a potentially attractive foundation for future operating leverage if commercialization expands the revenue base.
Bears Say
Declining And Very Small Revenue BaseA very small and declining revenue base limits the company’s ability to absorb fixed operating costs and fund development internally. Continued contraction also indicates that commercialization has not yet produced a dependable growth trajectory over the next several quarters.
Persistent Deep Operating LossesSevere operating and net losses across the reported periods show that expenses remain far above the current revenue base despite high gross margin. Without sustained revenue expansion or cost reduction, profitability may remain structurally dependent on external funding.
Ongoing Cash Burn And LeverageNegative operating and free cash flow indicate that the business is not yet self-funding, while debt roughly matches equity and increases financial exposure. Continued cash burn can reduce flexibility to invest in commercialization and heighten reliance on financing resources.
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 $0.34 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 $22.71M.
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 38 days.
How were Research Frontiers Inc.’s earnings last quarter?
Research Frontiers Inc. released its earnings results on Aug 06, 2026. The company reported -$0.019 earnings per share for the quarter.
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 -$0.019 in its last earnings report. Following the earnings report the stock price went up 4.069%.
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
0.51% Other Institutional Investors
92.21% Public Companies and
Individual Investors