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Research Frontiers

(NASDAQ) REFR

Current Price$0.54
Market Cap$18.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1992)-87%
5 Year-74%
1 Year-70%
1 Month-21%
Research Frontiers last closing stock price
MetricPriceDate
Last closeUSD 0.532026-07-16
Research Frontiers stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.69%USD 0.532026-07-09
1 month-20.81%USD 0.672026-06-16
3 month-43.02%USD 0.932026-04-17
Year to date-59.54%USD 1.312025-12-31
1 year-69.89%USD 1.762025-07-16
3 year-67.48%USD 1.632023-07-17
5 year-74.27%USD 2.062021-07-16
Since inception-86.97%USD 4.071992-05-01

Research Frontiers Financials at a Glance

Market Cap

$18.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$697.79K

Net Income (TTM)

-$2.39M

EPS (TTM)

-$0.07

P/E Ratio

-7.48

Dividend

$0.00

Beta (Volatility)

0.50 (Low)

Price

$0.54

Volume

920

Open

$0.49

Previous Close

$0.54

Daily Range

$0.49 - $0.54

52-Week Range

$0.48 - $2.70

Estimated Earnings Date

Aug 6, 2026

REFR News

Whoa! What Just Happened to My Stock?

Rich DupreyFeb 9, 2011

Wednesday's Biggest Stock Stars

BRIAN PACAMPARAJan 17, 2008

Making Cents in Penny Stocks

Rich DupreyDec 14, 2007

More Than Momentum: Stocks Rising for a Reason

Dave MockJul 6, 2007

7 Surprising 1-Star Stocks

Matt KoppenhefferJun 28, 2007

Fool.com: Research Frontiers [Special] October 28, 2002

Motley Fool StaffOct 28, 2002

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About Research Frontiers

Research Frontiers Incorporated is a key player in the smart glass industry, specializing in the development and marketing of its patented Suspended Particle Device (SPD) technology. This innovative light-control technology allows users to precisely manage light, glare, and heat passing through glass products, offering significant energy efficiency and comfort benefits. Founded in 1965, the company operates a licensing model, enabling partners across various industries, including automotive, aerospace, architecture, and marine, to integrate SPD technology into their products worldwide.

Products and Services

SPD-Smart light-control technology

SPD-Smart chemical emulsion

Light-control films and panels

Laminated glass and plastic products

Electronics to power SPD-Smart end-products

What Makes Research Frontiers Incorporated Special

Research Frontiers is distinguished by its proprietary SPD-Smart technology, which offers rapid and precise control over light transmission in various glass applications. This technology provides superior energy efficiency and user comfort compared to traditional solutions. The company’s licensing model fosters widespread adoption without the expenses and logistics of manufacturing, allowing it to concentrate on innovation and market growth.

Five Things You Need to Know

Research Frontiers holds 219 global patents protecting its SPD technology.

The company operates on a licensing business model, partnering with various industry leaders.

SPD technology adjusts instantly, providing enhanced energy efficiency and user comfort.

Primary applications include automotive, architectural, aerospace, marine, and information displays.

Research and development are crucial, with significant resources dedicated to improving SPD technology.

AI Generated • Apr 16, 2026

Industry

Electronic Equipment, Instruments and Components

Sector

Information Technology

Employees

5

CEO

Joseph M. Harary

Website

www.smartglass.com

Headquarters

Woodbury, NY 11797-2033, US

REFR Financials

Key Financial Metrics (TTM)

Gross Margin

93.70%

Operating Margin

-347.24%

Net Income Margin

-342.98%

Return on Equity

-159.17%

Return on Capital

-101.54%

Return on Assets

-77.69%

Earnings Yield

-13.37%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$18.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

34.87M

Volume

920

Avg. Volume

42.59K

Financials (TTM)

Gross Profit

$653.80K

Operating Income

-$2.42M

EBITDA

-$2.21M

Operating Cash Flow

-$1.45M

Capital Expenditure

-$689.00

Free Cash Flow

-$1.45M

Cash & ST Invst.

$1.28M

Total Debt

$1.13M

Research Frontiers Performance Analysis

Research Frontiers annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 539,686-57.3%
20232023-12-31USD 909,59868.5%
20242024-12-31USD 1,335,53146.8%
20252025-12-31USD 1,121,248-16.0%
Research Frontiers sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-76.8%
Q32025-09-30176.7%
Q42025-12-31-79.9%
Q12026-03-3189.0%
Research Frontiers annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.0842.7%
20232023-12-31USD -0.06-31.5%
20242024-12-31USD -0.04-31.4%
20252025-12-31USD -0.0655.5%
Research Frontiers sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-350.9%
Q32025-09-3062.8%
Q42025-12-31-156.2%
Q12026-03-3132.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$136.32K

-75.6%

Gross Profit

$92.33K

-83.5%

Gross Margin

67.73%

N/A

Market Cap

$18.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.70M

N/A

Employees

5

N/A

Net Income

-$525.37K

-195.7%

EBITDA

-$481.37K

-266.4%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$1.28M

-5.4%

Total Debt

$1.13M

-10.6%

Accounts Receivable

$544.99K

-43.8%

Inventory

$0.00

N/A

Long Term Debt

$981.26K

-13.2%

Short Term Debt

$149.47K

+11.7%

Return on Assets

-77.69%

N/A

Return on Invested Capital

-87.65%

N/A

Free Cash Flow

-$760.00K

-18.5%

Operating Cash Flow

-$759.93K

-18.5%

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Questions About REFR

What is the current price of Research Frontiers?

Research Frontiers is trading at $0.54 per share.

What is the 52-week range for Research Frontiers?

Over the past 52 weeks, Research Frontiers has traded between $0.48 and $2.70.

How much debt does Research Frontiers have?

As of the most recent reporting period, Research Frontiers reported total debt of $1.13M.

How much cash does Research Frontiers have on hand?

Research Frontiers reported $1.28M in cash and cash equivalents in its most recent financial results.

What is Research Frontiers’s dividend yield?

Research Frontiers does not currently have a dividend yield.

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