
Research Frontiers Incorporated
REFRNASDAQTechnologyHardware, Equipment & Parts
Previous close
$0.4451
−$0.0049 · -1.09%
REFR company overview
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GoAI snapshot
AI-powered factor overview
GoAI score
Sell
Trim exposure — unfavorable risk-reward
Valuation
20
Overpriced
Momentum
24
Weakening
Sentiment
47
Mixed
Risk resilience
30
High Risk
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Company profile
Company websiteResearch 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.
- Industry
- Hardware, Equipment & Parts
- Sector
- Technology
- Headquarters
- US
- CEO
- Joseph Harary
- Listed since
- Jul 8, 1986
- Employees
- 5
Market position
Day range
Current $0.4451
52-week range
Current $0.4451
- Open
- $0.459
- Previous close
- $0.45
- Volume
- 65.39K
- 1.19× average
- Average volume
- 54.99K
- Average daily volume
- Market cap
- 15.52M USD
- Beta
- 0.56
- Market reference 1
- 50-day average
- $0.5184
- -14.14% below average
- 200-day average
- $0.9985
- -55.42% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 44.58M USD
- EV / EBITDA
- -23.98×
- Earnings yield
- -4.64%
- Free cash flow yield
- -3.02%
Profitability & efficiency
- Return on equity
- -219.10%
- Return on assets
- -90.84%
- Return on invested capital
- -101.54%
Financial health
- Current ratio
- 3.84×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 1.12M USD | 1.34M USD | 909.6K USD | 539.69K USD | 1.26M USD |
| Cost of goods sold | 186.67K USD | 263.56K USD | 2.36M USD | — | — |
| Gross profit | 934.57K USD | 1.07M USD | −1.45M USD | 539.69K USD | 1.26M USD |
| Research and development | 30.36K USD | 570.01K USD | 583.27K USD | 609.13K USD | 580K USD |
| Selling, general, and administrative | 504.98K USD | 400.08K USD | — | — | — |
| Operating expenses | 3.07M USD | 2.51M USD | 583.27K USD | 3.16M USD | 3.1M USD |
| Interest income | 39.23K USD | 95.34K USD | 124.94K USD | — | — |
| Depreciation and amortization | 186.67K USD | 263.56K USD | 172.14K USD | 175.15K USD | 176.51K USD |
| Operating income | −2.13M USD | −1.44M USD | −2.03M USD | −2.63M USD | −1.84M USD |
| Net income | −2.05M USD | −1.31M USD | −1.91M USD | −2.67M USD | −1.85M USD |
Company facts updated Aug 24, 2026.
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