REFR Stock Overview
Research Frontiers Incorporated develops and markets technology and devices to control the flow of light worldwide.
Research Frontiers Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.68|
|52 Week High||US$3.18|
|52 Week Low||US$1.34|
|1 Month Change||-16.00%|
|3 Month Change||-4.55%|
|1 Year Change||-27.90%|
|3 Year Change||-48.94%|
|5 Year Change||48.67%|
|Change since IPO||-58.69%|
Recent News & Updates
|REFR||US Electronic||US Market|
Return vs Industry: REFR underperformed the US Electronic industry which returned -12.3% over the past year.
Return vs Market: REFR underperformed the US Market which returned -10.4% over the past year.
|REFR Average Weekly Movement||11.9%|
|Electronic Industry Average Movement||7.8%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: REFR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: REFR's weekly volatility (12%) has been stable over the past year.
About the Company
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 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. Its 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, and navigation systems; aircraft windows; museum display panels, and eyewear products; and flat panel displays for electronic products.
Research Frontiers Fundamentals Summary
|REFR fundamental statistics|
Is REFR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|REFR income statement (TTM)|
|Cost of Revenue||US$2.50m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.061|
|Net Profit Margin||-156.68%|
How did REFR perform over the long term?See historical performance and comparison
Is Research Frontiers undervalued compared to its fair value and its price relative to the market?
Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate REFR's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate REFR's fair value for valuation analysis.
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 (16.9x) compared to the US Electronic industry average (1.8x).
How is Research Frontiers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 7.9% 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 (37.6%).
Return on Equity
High ROE: REFR has a negative Return on Equity (-60.76%), as it is currently unprofitable.
How is Research Frontiers's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: REFR's short term assets ($3.3M) exceed its short term liabilities ($287.7K).
Long Term Liabilities: REFR's short term assets ($3.3M) exceed its long term liabilities ($416.6K).
Debt to Equity History and Analysis
Debt Level: REFR is debt free.
Reducing Debt: REFR had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: REFR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: REFR has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 9.5% each year.
What is Research Frontiers's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate REFR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate REFR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if REFR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if REFR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as REFR has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Joe Harary (60 yo)
Mr. Joseph M. Harary is also known as Joe, joined Research Frontiers Incorporated as its Vice President and General Counsel in April 1992 and has been a director of the Company since February 1993. He had...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD669.10K) is about average for companies of similar size in the US market ($USD770.21K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Experienced Board: REFR's board of directors are considered experienced (9.9 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Research Frontiers Incorporated's employee growth, exchange listings and data sources
- Name: Research Frontiers Incorporated
- Ticker: REFR
- Exchange: NasdaqCM
- Founded: 1965
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: US$52.856m
- Shares outstanding: 31.65m
- Website: https://www.smartglass.com
Number of Employees
- Research Frontiers Incorporated
- 240 Crossways Park Drive
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/16 00:00|
|End of Day Share Price||2022/05/16 00:00|