Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. More Details
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Research Frontiers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: REFR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: REFR's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
1 Year Return
Return vs Industry: REFR underperformed the US Electronic industry which returned 20% over the past year.
Return vs Market: REFR underperformed the US Market which returned 20.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Research Frontiers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Can We Conclude About Research Frontiers' (NASDAQ:REFR) CEO Pay?
2 months ago | Simply Wall StWe Think Research Frontiers (NASDAQ:REFR) Can Afford To Drive Business Growth
3 months ago | Simply Wall StIntroducing Research Frontiers (NASDAQ:REFR), A Stock That Climbed 91% In The Last Three Years
Is Research Frontiers undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate REFR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate REFR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: REFR is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: REFR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate REFR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: REFR is overvalued based on its PB Ratio (15.1x) compared to the US Electronic industry average (2.3x).
How is Research Frontiers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Research Frontiers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Research Frontiers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REFR is currently unprofitable.
Growing Profit Margin: REFR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: REFR is unprofitable, but has reduced losses over the past 5 years at a rate of 9.2% 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 (-14.1%).
Return on Equity
High ROE: REFR has a negative Return on Equity (-46.15%), as it is currently unprofitable.
How is Research Frontiers's financial position?
Financial Position Analysis
Short Term Liabilities: REFR's short term assets ($6.1M) exceed its short term liabilities ($289.7K).
Long Term Liabilities: REFR's short term assets ($6.1M) exceed its long term liabilities ($689.1K).
Debt to Equity History and Analysis
Debt Level: REFR is debt free.
Reducing Debt: REFR had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: REFR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: REFR has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 15.7% each year.
What is Research Frontiers's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate REFR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate REFR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if REFR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if REFR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of REFR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Harary (59 yo)
Mr. Joseph M. Harary, also known as Joe, joined Research Frontiers Incorporated as its Vice President and General Counsel in 1992 and has been a director of the Company since 1993. He has been Secretary at...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD804.61K) is above average for companies of similar size in the US market ($USD561.31K).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
|CEO, President||11.83yrs||US$804.61k||1.58% |
|CFO, VP of Business Development||9.83yrs||US$279.69k||0.73% |
|Vice President of Aerospace Products||7.33yrs||US$72.55k||0.14% |
Experienced Management: REFR's management team is seasoned and experienced (9.8 years average tenure).
|CEO, President||11.83yrs||US$804.61k||1.58% |
|Member of Advisory Board||18.42yrs||US$179.88k||no data|
|Independent Director||8.42yrs||US$156.76k||1.33% |
|Independent Director||7.42yrs||US$156.76k||0.58% |
|Director||0.25yr||no data||0.71% |
Experienced Board: REFR's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Research Frontiers Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Research Frontiers Incorporated
- Ticker: REFR
- Exchange: NasdaqCM
- Founded: 1965
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$88.728m
- Shares outstanding: 31.58m
- Website: https://www.smartglass.com
Number of Employees
- Research Frontiers Incorporated
- 240 Crossways Park Drive
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|REFR||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jul 1986|
|RFR||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 1986|
Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide. The company develops and licenses suspended particle device (SPD-Smart) light-control tec...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/28 23:06|
|End of Day Share Price||2020/11/27 00:00|
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 here.