DashboardPortfoliosWatchlistCommunityDiscoverScreener
NOT FOR DISTRIBUTION
Loading...
  • Stocks
  • /
  • Tech
Updated 1m ago
REFR logo

Research Frontiers IncorporatedNasdaqCM:REFR Stock Report

Market Cap US$22.7m
Updated 1m ago
Share Price
n/a
1Y-54.5%
7D67.4%
1D68.5%
Portfolio Value
​
View

Research Frontiers Incorporated

NasdaqCM:REFR Stock Report

Market Cap: US$22.7m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Research Frontiers (REFR) Stock Overview

Together with other subsidiary, engages in the development and marketing of technology and devices to control the flow of light worldwide. More details

REFR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

Makes less than USD$1m in revenue ($654K)

Has less than 1 year of cash runway

Does not have a meaningful market cap ($23M)


REFR Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW428,664 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.
Grow your followingReal investors. The kind who actually invest, not scroll past.
Unlock free accessFree premium subscription for consistent and quality authors.
Learn moreCreate Narrative
B
BlackGoat
R
RockeTeller
I
Investingwilly
D
davidlsander
428,664 investors already sharing narratives
US$
Current Price
US$0.652.1k% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-5m2m2016201920222025202620282031Revenue US$780.1kEarnings US$69.2k
Advanced
View all narratives

Research Frontiers Incorporated Competitors

Track Group

Symbol: OTCPK:TRCK
Market cap: US$19.1m

Senstar Technologies

Symbol: NasdaqGM:SNT
Market cap: US$38.0m

Astrotech

Symbol: NasdaqCM:ASTC
Market cap: US$11.8m

Lifeloc Technologies

Symbol: OTCPK:LCTC
Market cap: US$11.7m

Price History & Performance

Summary of share price highs, lows and changes for Research Frontiers
Historical stock prices
Current Share PriceUS$0.65
52 Week HighUS$2.70
52 Week LowUS$0.34
Beta0.58
1 Month Change46.33%
3 Month Change6.77%
1 Year Change-54.45%
3 Year Change-43.85%
5 Year Change-75.97%
Change since IPO-83.98%

Recent News & Updates

Recent updates

Analysis Article • Jun 16

We're Keeping An Eye On Research Frontiers' (NASDAQ:REFR) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Jul 16

Here's Why We're Not Too Worried About Research Frontiers' (NASDAQ:REFR) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Apr 09

Companies Like Research Frontiers (NASDAQ:REFR) Can Afford To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Dec 20

Research Frontiers (NASDAQ:REFR) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Aug 09

We're Hopeful That Research Frontiers (NASDAQ:REFR) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Apr 18

Research Frontiers (NASDAQ:REFR) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Jan 04

Companies Like Research Frontiers (NASDAQ:REFR) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Analysis Article • Sep 16

Research Frontiers (NASDAQ:REFR) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • May 05

We Think Research Frontiers (NASDAQ:REFR) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Aug 08

Here's Why We're Not Too Worried About Research Frontiers' (NASDAQ:REFR) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Seeking Alpha • Aug 04

Research Frontiers Non-GAAP EPS of -$0.02

Research Frontiers (NASDAQ:REFR): Q2 Non-GAAP EPS of -$0.02. Cash and cash equivalents of  $1.9 million. Press release
Analysis Article • Jan 19

We're Not Very Worried About Research Frontiers' (NASDAQ:REFR) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Sep 13

Here's Why We're Not Too Worried About Research Frontiers' (NASDAQ:REFR) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • May 14

Companies Like Research Frontiers (NASDAQ:REFR) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Jan 29

We're Hopeful That Research Frontiers (NASDAQ:REFR) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Dec 07

Is Research Frontiers' (NASDAQ:REFR) Share Price Gain Of 222% Well Earned?

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can...

Shareholder Returns

REFRUS ElectronicUS Market
7D67.4%-5.0%-0.2%
1Y-54.5%38.1%11.9%

Return vs Industry: REFR underperformed the US Electronic industry which returned 38.1% over the past year.

Return vs Market: REFR underperformed the US Market which returned 11.9% over the past year.

Price Volatility

Is REFR's price volatile compared to industry and market?
REFR volatility
REFR Average Weekly Movement22.6%
Electronic Industry Average Movement9.0%
Market Average Movement6.8%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.9%

Stable Share Price: REFR's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: REFR's weekly volatility has increased from 15% to 23% over the past year.

About the Company

FoundedEmployeesCEOWebsite
19655Joe Hararywww.smartglass.com

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.

Research Frontiers Incorporated Fundamentals Summary

How do Research Frontiers's earnings and revenue compare to its market cap?
REFR fundamental statistics
Market capUS$22.71m
Earnings (TTM)-US$2.25m
Revenue (TTM)US$654.23k
34.7x
P/S Ratio
-10.1x
P/E Ratio

Is REFR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
REFR income statement (TTM)
RevenueUS$654.23k
Cost of RevenueUS$2.30m
Gross Profit-US$1.65m
Other ExpensesUS$602.61k
Earnings-US$2.25m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.065
Gross Margin-251.74%
Net Profit Margin-343.85%
Debt/Equity Ratio0%

How did REFR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 02:03
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Research Frontiers Incorporated is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steven DyerCraig-Hallum Capital Group LLC
Steven ShawSidoti & Company, LLC

Make Better Investing Decisions Anywhere

Scan to download
Open AppStoreOpen Google Play
Chrome Web Store
Level 5, 320 Pitt Street, Sydney
Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
View Data Sources
Markets
  • US: NYSE & NASDAQ
  • UK: FTSE
  • Australia: ASX
  • India: NIFTY
  • Canada: TSX
  • South Africa: JSE
  • Japan: NIKKEI
  • South Korea: KOSPI
  • Germany: DAX
Investing Ideas
  • Undervalued Companies
  • Dividend Powerhouses
  • Insider Buying
  • Nuclear Energy
  • Autonomous Vehicles
  • Artificial Intelligence
  • Crypto and Blockchain
  • Cybersecurity
  • More ideas
Stock Communities
  • AstraZeneca
  • HSBC Holdings
  • Shell
  • Unilever
  • Diageo
  • Rio Tinto Group
  • RELX
  • BP
  • Barclays
Features & Tools
  • Portfolio Tracker
  • Stock Screener & Alerts
  • Narratives & Fair Values
  • Dividend Calculator
News & Discovery
  • Latest Stock News
  • Global Market Insights
  • The Foxhole
  • Investing Ideas
  • Community Narratives
  • What's New
Simply Wall St
  • Plans & Pricing
  • Advertising
  • About Us
  • Contact Us
  • Careers
  • Help Center
  • Learn Stock Investing
  • Affiliate Program
  • Business & Enterprise
  • Charlie AI
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
© 2026 Simply Wall Street Pty Ltd, US Design Patent #29/544/281, Community and European Design Registration #2845206
  • Terms and Conditions
  • Privacy Policy
  • AI Terms
  • Financial Services Guide