Research Frontiers Incorporated

Research Frontiers Incorporated

REFR
Research Frontiers IncorporatedUS flagNASDAQ Capital Market
0.56
USD
+0.01
- -
19.51MMarket Cap
Research Frontiers Incorporated
REFR
(NASDAQ Capital Market)

Recent

price

0.56

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.04
0.05
0.1
0.09
0.07
0.08
0.05
0.06
0.06
0.05
0.03
0.04
0.02
0.03
0.04
0.03
0.02
Revenue per Share
-0.22
-0.22
-0.16
-0.26
-0.19
-0.18
-0.18
-0.1
-0.1
-0.13
-0.07
-0.06
-0.08
-0.06
-0.04
-0.06
-0.07
Basic EPS, GAAP
-0.19
-0.18
-0.13
-0.14
-0.17
-0.16
-0.17
-0.06
-0.08
-0.07
-0.07
-0.06
-0.07
-0.07
-0.02
-0.04
-0.04
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-4.63
-4.55
-4.35
-4.08
-4.15
-4.27
-4.44
-4.54
-4.3
-3.85
-3.74
-3.78
-3.82
-3.71
-3.75
-3.79
-3.79
Book Value per Share
0.43
0.22
0.7
0.52
0.51
0.38
0.2
0.11
0.12
0.24
0.17
0.12
0.15
0.11
0.08
0.03
0.05
Tangible Book Value per Share
17
19
20
23
24
24
24
24
26
30
31
32
32
33
34
34
34
Basic Weighted Avg Shares
1
1
2
2
2
2
1
2
1
2
1
1
1
1
1
1
1
Sales/Revenue/Turnover
-506.88
-492.13
-194.97
-281.25
-278.26
-215.35
-345.28
-160.27
-162.44
-201.36
-311.11
-145.59
-486.42
-223.54
-107.96
-190.16
-347.24
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-4
-4
-3
-6
-4
-4
-4
-2
-3
-4
-2
-2
-3
-2
-1
-2
-2
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-504.85
-488.67
-161.93
-279.48
-276.06
-213.2
-342.89
-159.96
-180.44
-243.54
-282.56
-146.18
-494.61
-209.8
-98.19
-182.44
-342.98
Profit Margin (%)
7
4
14
12
10
8
4
2
3
7
5
4
5
3
2
1
2
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
- -
- -
1
1
1
LT Debt
7
4
14
12
12
9
5
3
3
7
5
4
5
4
3
1
2
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
35
Market Capitalization
54
44
31

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2
1
2
Cash, Cash Equivalents & STI
1
1
1
Accounts Receivable, Net
- -
- -
1
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.87%
-23.8%
-64.15%
Free Cash Flow
-0.15%
1.4%
68.25%
Net Income, GAAP
-0.98%
3.93%
55.99%
Sales/Revenue/Turnover
3.49%
18.9%
-16.04%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
1
- -
- -
- -
1
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
- -
- -
- -
-0.04
2025
-0.01
-0.02
-0.01
- -
-0.06
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Research Frontiers Incorporated (Nasdaq: REFR), founded in 1965 and headquartered in Woodbury, New York, develops and licenses its patented suspended particle device (SPD-Smart) light-control technology worldwide to manufacturers that produce SPD-Smart chemical emulsion, light-control film, laminated panels, and associated electronics and lamination services for end-products including architectural windows and skylights, automotive sunroofs and side windows, aircraft cabin windows, marine yacht windows, museum displays, and flat panel applications; the company serves architectural, automotive, aerospace, marine, and appliance sectors across global markets. SPD-SmartGlass enables instant electronic tinting to control light, glare, heat, and UV transmission with up to 99% UV blocking and 95% heat rejection in its tinted state, integrating with switches, sensors, apps, or building systems for energy-efficient privacy and comfort solutions. Recent developments include licensee Gauzy's serial production and first customer delivery of SPD-SmartGlass for General Motors' Cadillac CELESTIQ electric sedan in July 2025, expanded Ferrari Purosangue production following a 2025 licensee transition amid another licensee's bankruptcy with royalties now fully recognized after minimum thresholds exceeded, Gauzy's IPO-fueled production scaling and R&D investments, development of black SPD film, prefabricated lamination stacks, retrofit solutions, and showcased momentum at CES 2025 with rising automotive, aircraft, and architectural adoption driving triple-digit royalty growth in key segments through Q3 2025.

Company News

APIChatGPT
  • KLIM AND RESEARCH FRONTIERS ENTER INTO LICENSING AGREEMENT

  • Research Frontiers Incorporated (REFR) Q1 2026 Earnings Call Transcript

  • Research Frontiers Reports First Quarter 2026 Financial Results and Will Host a Conference Call at 4:30 p.m. Today

  • RESEARCH FRONTIERS TO HOST FIRST QUARTER 2026 CONFERENCE CALL

  • Research Frontiers (NASDAQ:REFR) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

  • Research Frontiers (NASDAQ:REFR) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

  • Research Frontiers (NASDAQ:REFR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

  • Critical Contrast: Sigma Lithium (NASDAQ:SGML) & Research Frontiers (NASDAQ:REFR)

  • Research Frontiers Incorporated (REFR) Q4 2025 Earnings Call Transcript

  • Research Frontiers Reports Fourth Quarter and Year-End 2025 Financial Results and Will Host a Conference Call at 4:30p.m. Today

  • RESEARCH FRONTIERS TO HOST FOURTH QUARTER AND YEAR-END2025 CONFERENCE CALL

  • Head to Head Review: Research Frontiers (NASDAQ:REFR) & Universal Electronics (NASDAQ:UEIC)

  • Critical Comparison: Research Frontiers (NASDAQ:REFR) and SMC (OTCMKTS:SMCAY)

  • Research Frontiers (NASDAQ:REFR) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

  • Research Frontiers (NASDAQ:REFR) Shares Cross Below 200-Day Moving Average – Here’s What Happened

  • Research Frontiers Highlights Rising Industry Momentum for SPD-SmartGlass Following Chairman's Keynote Address at Detroit Automotive Glazing Summit

  • SmallCorp Partners with VariGuard to Protect Abraham Lincoln's Handwritten Gettysburg Address

  • Research Frontiers CEO Joe Harary to Deliver Keynote Address: “Real World Uses of SPD-SmartGlass and Other Variable Tint Technologies” at the 2025 North American Vehicle Glazing Innovation Summit in Detroit

  • Research Frontiers Incorporated (REFR) Q3 2025 Earnings Call Transcript

  • Research Frontiers Reports Third Quarter 2025 Financial Results and Will Host a Conference Call at 4:30p.m. Today