Research Frontiers Incorporated

NasdaqCM:REFR Stock Report

Market Cap: US$13.4m

Research Frontiers Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Joe Harary

Chief executive officer

US$754.8k

Total compensation

CEO salary percentage82.81%
CEO tenure34.4yrs
CEO ownership1.4%
Management average tenureno data
Board average tenure14.3yrs

Recent management 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...

CEO Compensation Analysis

How has Joe Harary's remuneration changed compared to Research Frontiers's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$2m

Mar 31 2026n/an/a

-US$2m

Dec 31 2025US$755kUS$625k

-US$2m

Sep 30 2025n/an/a

-US$2m

Jun 30 2025n/an/a

-US$2m

Mar 31 2025n/an/a

-US$1m

Dec 31 2024US$767kUS$625k

-US$1m

Sep 30 2024n/an/a

-US$1m

Jun 30 2024n/an/a

-US$1m

Mar 31 2024n/an/a

-US$2m

Dec 31 2023US$700kUS$500k

-US$2m

Sep 30 2023n/an/a

-US$2m

Jun 30 2023n/an/a

-US$2m

Mar 31 2023n/an/a

-US$3m

Dec 31 2022US$740kUS$600k

-US$3m

Sep 30 2022n/an/a

-US$3m

Jun 30 2022n/an/a

-US$2m

Mar 31 2022n/an/a

-US$2m

Dec 31 2021US$669kUS$500k

-US$2m

Sep 30 2021n/an/a

-US$2m

Jun 30 2021n/an/a

-US$2m

Mar 31 2021n/an/a

-US$2m

Dec 31 2020US$671kUS$500k

-US$2m

Sep 30 2020n/an/a

-US$3m

Jun 30 2020n/an/a

-US$3m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$805kUS$500k

-US$4m

Compensation vs Market: Joe's total compensation ($USD754.78K) is about average for companies of similar size in the US market ($USD650.37K).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Harary (65 yo)

34.4yrs
Tenure
US$754,777
Compensation

Mr. Joseph M. Harary, also known as Joe, has been the Chief Executive Officer of Research Frontiers Inc. since January 2009 and also has been its President since February 2002, Vice President & General Cou...

Board Members

NamePositionTenureCompensationOwnership
Joseph Harary
CEO, President33.6yrsUS$754.78k1.43%
$ 191.9k
Albert Malvino
Member of Advisory Board24.3yrsUS$179.88kno data
Darryl Daigle
Independent Director14.3yrsUS$84.10k1.31%
$ 175.5k
Alexander Kaganowicz
Independent Director13.3yrsUS$84.10k0.53%
$ 70.9k
Eyal Peso
Independent Director3.3yrsUS$84.10k0%
$ 0
14.3yrs
Average Tenure
68yo
Average Age

Experienced Board: REFR's board of directors are seasoned and experienced ( 14.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 22:26
End of Day Share Price 2026/09/11 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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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