Symbols / REFR Stock $0.96 -3.96% Research Frontiers Incorporated

Technology • Electronic Components • United States • NCM
REFR (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Technology
Industry Electronic Components
CEO Mr. Joseph M. Harary J.D.
Exch · Country NCM · United States
Market Cap 33.36M
Enterprise Value 33.76M
Income -2.05M
Sales 1.12M
FCF (ttm) -487.03K
Book/sh 0.03
Cash/sh 0.02
Employees 5
Insider 10d —
IPO Jul 08, 1986
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -16.00
PEG 3.15
P/S 29.75
P/B 34.29
P/C —
EV/EBITDA -15.93
EV/Sales 30.11
Quick Ratio 3.60
Current Ratio 3.84
Debt/Eq 124.92
LT Debt/Eq —
EPS (ttm) -0.06
EPS next Y -0.06
EPS Growth —
Revenue Growth -59.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2017-08-03
ROA -42.36%
ROE -115.64%
ROIC —
Gross Margin -128.55%
Oper. Margin -10.73%
Profit Margin -182.44%
Shs Outstand 34.75M
Shs Float 27.34M
Insider Own 15.40%
Instit Own 14.18%
Short Float 1.05%
Short Ratio 10.28
Short Interest 340.89K
52W High 2.70
vs 52W High -64.44%
52W Low 0.80
vs 52W Low 20.00%
Beta 0.54
Impl. Vol. 50.00%
Rel Volume 0.80
Avg Volume 34.12K
Volume 27.26K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $1.00
Price $0.96
Change -3.96%
About

Research Frontiers Incorporated, together with other subsidiary, engages in the development and marketing of technology and devices to control the flow of light worldwide. It 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. The company's 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, heads up displays and navigation systems; aircraft windows; museum display panels, and eyewear products; and flat panel displays for electronic products. It serves architectural, automotive, marine, and aerospace and appliance applications. The company was incorporated in 1965 and is headquartered in Woodbury, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.96
Latest analyst target
3. DCF / Fair value
$-0.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.96
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2016-09-28 init WestPark Capital — → Outperform $6
News
RSS: Latest REFR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2024-06-14 KAGANOWICZ ALEXANDER Director — 2,000 $1.94 $3,880
2024-06-07 DAIGLE DARRYL Director and Beneficial Owner of more than 10% of a Class of Security — 4,300 $1.74 $7,482
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
1.34
+46.83%
0.91
+68.54%
0.54
-57.27%
1.26
Operating Revenue
1.34
+46.83%
0.91
+68.54%
0.54
-57.27%
1.26
Operating Expense
2.78
-5.62%
2.94
-7.01%
3.16
+2.03%
3.10
Research And Development
0.57
-2.27%
0.58
-4.25%
0.61
+5.02%
0.58
Other Operating Expenses
2.21
-6.45%
2.36
-7.67%
2.56
+1.34%
2.52
Total Expenses
2.78
-5.62%
2.94
-7.01%
3.16
+2.03%
3.10
Operating Income
-1.44
+29.09%
-2.03
+22.54%
-2.63
-42.76%
-1.84
Total Operating Income As Reported
-1.44
+29.09%
-2.03
+22.54%
-2.63
-42.76%
-1.84
EBITDA
-1.18
+36.69%
-1.86
+24.03%
-2.45
-47.38%
-1.66
Normalized EBITDA
-1.27
+35.87%
-1.99
+17.44%
-2.41
-45.38%
-1.65
Reconciled Depreciation
0.26
+53.11%
0.17
-1.72%
0.18
-0.77%
0.18
EBIT
-1.44
+29.09%
-2.03
+22.54%
-2.63
-42.76%
-1.84
Total Unusual Items
0.10
-23.69%
0.12
+382.54%
-0.04
-486.69%
-0.01
Total Unusual Items Excluding Goodwill
0.10
-23.69%
0.12
+382.54%
-0.04
-486.69%
-0.01
Net Income
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Pretax Income
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Other Income Expense
0.13
+4.44%
0.12
+382.54%
-0.04
-486.69%
-0.01
Other Non Operating Income Expenses
0.04
—
—
—
Gain On Sale Of Security
0.10
-23.69%
0.12
+382.54%
-0.04
-486.69%
-0.01
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Net Income From Continuing Operation Net Minority Interest
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Net Income From Continuing And Discontinued Operation
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Net Income Continuous Operations
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Normalized Income
-1.41
+30.82%
-2.03
+22.54%
-2.63
-42.76%
-1.84
Net Income Common Stockholders
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Diluted EPS
-0.04
+33.33%
-0.06
+25.00%
-0.08
-33.33%
-0.06
Basic EPS
-0.04
+33.33%
-0.06
+25.00%
-0.08
-33.33%
-0.06
Basic Average Shares
33.52
+0.20%
33.45
+4.31%
32.07
+1.34%
31.65
Diluted Average Shares
33.52
+0.20%
33.45
+4.31%
32.07
+1.34%
31.65
Diluted NI Availto Com Stockholders
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Line Item Trend 2023-12-31
Total Assets
3.85
Current Assets
3.58
Cash Cash Equivalents And Short Term Investments
2.48
Cash And Cash Equivalents
2.48
Other Short Term Investments
—
Receivables
1.00
Accounts Receivable
1.00
Gross Accounts Receivable
2.26
Allowance For Doubtful Accounts Receivable
-1.25
Prepaid Assets
—
Other Current Assets
0.10
Total Non Current Assets
0.27
Net PPE
0.22
Gross PPE
2.99
Accumulated Depreciation
-2.77
Properties
0.00
Machinery Furniture Equipment
1.45
Other Properties
0.95
Leases
0.58
Non Current Prepaid Assets
—
Other Non Current Assets
0.06
Total Liabilities Net Minority Interest
0.33
Current Liabilities
0.28
Payables And Accrued Expenses
0.06
Payables
0.05
Accounts Payable
0.05
Current Accrued Expenses
0.01
Current Debt And Capital Lease Obligation
0.21
Current Capital Lease Obligation
0.21
Other Current Liabilities
0.00
Total Non Current Liabilities Net Minority Interest
0.06
Long Term Debt And Capital Lease Obligation
0.06
Long Term Capital Lease Obligation
0.06
Stockholders Equity
3.52
Common Stock Equity
3.52
Capital Stock
0.00
Common Stock
0.00
Share Issued
33.51
Ordinary Shares Number
33.51
Treasury Shares Number
0.00
Additional Paid In Capital
127.78
Retained Earnings
-124.26
Total Equity Gross Minority Interest
3.52
Total Capitalization
3.52
Working Capital
3.30
Invested Capital
3.52
Total Debt
0.27
Capital Lease Obligations
0.27
Net Tangible Assets
3.52
Tangible Book Value
3.52
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-0.79
+65.63%
-2.30
-5.15%
-2.18
-20.98%
-1.80
Cash Flow From Continuing Operating Activities
-0.79
+65.63%
-2.30
-5.15%
-2.18
-20.98%
-1.80
Net Income From Continuing Operations
-1.31
+31.28%
-1.91
+28.51%
-2.67
-44.57%
-1.85
Depreciation Amortization Depletion
0.26
+53.11%
0.17
-1.72%
0.18
-0.77%
0.18
Depreciation
0.26
+53.11%
0.17
-1.72%
0.18
-0.77%
0.18
Depreciation And Amortization
0.26
+53.11%
0.17
-1.72%
0.18
-0.77%
0.18
Stock Based Compensation
0.09
-38.29%
0.14
-37.70%
0.23
+7.04%
0.22
Asset Impairment Charge
0.03
-73.68%
0.10
-32.99%
0.14
+218.76%
0.04
Operating Gains Losses
—
-0.06
-195.02%
0.06
—
Gain Loss On Investment Securities
—
-0.06
-195.02%
0.06
—
Unrealized Gain Loss On Investment Securities
—
—
0.00
-100.00%
0.03
Change In Working Capital
0.14
+119.51%
-0.74
-503.98%
-0.12
+71.08%
-0.42
Change In Receivables
0.32
+162.93%
-0.51
-607.46%
0.10
+136.09%
-0.28
Changes In Account Receivables
—
—
0.10
+136.09%
-0.28
Change In Prepaid Assets
0.00
-21.37%
0.00
+113.72%
-0.03
+16.14%
-0.04
Change In Payables And Accrued Expense
0.07
+283.43%
-0.04
-288.81%
-0.01
-118.50%
0.06
Change In Other Current Liabilities
-0.25
-28.75%
-0.20
-7.86%
-0.18
-9.44%
-0.17
Investing Cash Flow
-0.00
-102.92%
0.06
-97.94%
2.69
+196.73%
-2.78
Cash Flow From Continuing Investing Activities
-0.00
-102.92%
0.06
-97.94%
2.69
+196.73%
-2.78
Net PPE Purchase And Sale
-0.00
-4.17%
-0.00
-22.58%
-0.00
-18.01%
-0.00
Purchase Of PPE
-0.00
-4.17%
-0.00
-22.58%
-0.00
-18.01%
-0.00
Sale Of PPE
—
—
—
0.00
Capital Expenditure
-0.00
-4.17%
-0.00
-22.58%
-0.00
-18.01%
-0.00
Net Investment Purchase And Sale
0.00
-100.00%
0.06
-97.88%
2.69
+196.81%
-2.78
Purchase Of Investment
0.00
+100.00%
-5.43
0.00
+100.00%
-3.43
Sale Of Investment
0.00
-100.00%
5.49
+103.77%
2.69
+314.61%
0.65
Financing Cash Flow
0.31
-36.29%
0.48
-85.96%
3.45
+3899.44%
0.09
Cash Flow From Continuing Financing Activities
0.31
-36.29%
0.48
-85.96%
3.45
+3899.44%
0.09
Net Issuance Payments Of Debt
—
—
—
0.00
Issuance Of Debt
—
—
—
0.00
Long Term Debt Issuance
—
—
—
0.00
Net Long Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
0.30
0.00
-100.00%
3.45
0.00
Proceeds From Stock Option Exercised
0.01
-98.21%
0.48
0.00
-100.00%
0.09
Changes In Cash
-0.48
+72.55%
-1.75
-144.31%
3.96
+187.97%
-4.50
Beginning Cash Position
2.48
-41.48%
4.23
+1467.21%
0.27
-94.34%
4.77
End Cash Position
1.99
-19.46%
2.48
-41.48%
4.23
+1467.21%
0.27
Free Cash Flow
-0.79
+65.58%
-2.30
-5.16%
-2.18
-20.97%
-1.81
Common Stock Issuance
0.30
0.00
-100.00%
3.45
0.00
Issuance Of Capital Stock
0.30
0.00
-100.00%
3.45
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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