Research Frontiers Incorporated

NasdaqCM:REFR Stock Report

Market Cap: US$28.1m

Research Frontiers Past Earnings Performance

Past criteria checks 0/6

Research Frontiers has been growing earnings at an average annual rate of 6.1%, while the Electronic industry saw earnings growing at 3.7% annually. Revenues have been growing at an average rate of 7.2% per year.

Key information

6.11%

Earnings growth rate

7.79%

EPS growth rate

Electronic Industry Growth15.34%
Revenue growth rate7.24%
Return on equity-134.21%
Net Margin-342.98%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

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...

Revenue & Expenses Breakdown

How Research Frontiers makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:REFR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261-200
31 Dec 251-200
30 Sep 251-200
30 Jun 251-200
31 Mar 252-100
31 Dec 241-100
30 Sep 241-100
30 Jun 241-100
31 Mar 241-200
31 Dec 231-200
30 Sep 231-201
30 Jun 231-201
31 Mar 231-301
31 Dec 221-301
30 Sep 221-301
30 Jun 221-201
31 Mar 221-201
31 Dec 211-201
30 Sep 211-201
30 Jun 211-201
31 Mar 211-201
31 Dec 201-201
30 Sep 201-301
30 Jun 201-301
31 Mar 202-401
31 Dec 192-401
30 Sep 192-301
30 Jun 191-301
31 Mar 191-301
31 Dec 181-301
30 Sep 181-301
30 Jun 182-201
31 Mar 182-201
31 Dec 172-201
30 Sep 172-301
30 Jun 171-301
31 Mar 171-401
31 Dec 161-401
30 Sep 161-502
30 Jun 161-502
31 Mar 162-402
31 Dec 152-402
30 Sep 152-402
30 Jun 152-402

Quality Earnings: REFR is currently unprofitable.

Growing Profit Margin: REFR is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: REFR is unprofitable, but has reduced losses over the past 5 years at a rate of 6.1% per year.

Accelerating Growth: Unable to compare REFR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: REFR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (12.5%).


Return on Equity

High ROE: REFR has a negative Return on Equity (-134.21%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 01:54
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
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 world class team 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