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    R

    Research Frontiers Incorporated (REFR)

    Official site

    TECHNOLOGY • ELECTRONIC COMPONENTS • NASDAQ

    $0.64
    +0.01 (+1.54%)

    Market Cap: $21.96M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    44%(4/9)
    Avg Surprise
    -42.59%
    PeriodReportedEst.SurpriseB/MYoY
    Jun 26
    Reported Aug 6
    		$-0.02N/AN/ABeat+0.0%
    Mar 26
    Reported May 7
    		$-0.02N/AN/ABeat-190.6%
    Dec 25
    Reported Mar 5
    		$-0.02N/AN/ABeat-26.0%
    Sep 25
    Reported Nov 6
    		$-0.01$0.00N/AMiss-78.0%
    Jun 25
    Reported Aug 7
    		$-0.02$0.00N/AMiss-614.3%
    Mar 25
    Reported May 8
    		$-0.01N/AN/ABeat+59.8%
    Dec 24
    Reported Mar 6
    		$-0.02N/AN/ABeat-26.6%
    Sep 24
    Reported Nov 7
    		$-0.01N/AN/ABeat+64.5%
    Jun 24
    Reported Aug 1
    		$-0.00N/AN/ABeat+81.0%
    Mar 24
    Reported May 9
    		$-0.01N/AN/ABeat-32.0%
    Dec 23
    Reported Mar 7
    		$-0.01N/AN/ABeat+41.9%
    Sep 23
    Reported Nov 2
    		$-0.01N/AN/ABeat+7.2%
    Jun 23
    Reported Aug 3
    		$-0.01N/AN/ABeat+26.5%
    Mar 23
    Reported May 4
    		$-0.01N/AN/ABeat+50.0%
    Dec 22
    Reported Mar 9
    		$-0.02N/AN/ABeat-23.0%
    Sep 22
    Reported Nov 3
    		$-0.02N/AN/ABeat-2271.4%
    Jun 22
    Reported Aug 4
    		$-0.02N/AN/ABeat+0.0%
    Mar 22
    Reported May 5
    		$-0.02N/AN/ABeat+0.0%
    Dec 21
    Reported Mar 9
    		$-0.02N/AN/ABeat+0.0%
    Sep 21
    Reported Nov 4
    		$0.00N/AN/ABeat+107.0%
    Jun 21
    Reported Aug 5
    		$-0.02N/AN/ABeat+0.0%
    Mar 21
    Reported May 6
    		$-0.02N/AN/ABeat+0.0%
    Dec 20
    Reported Mar 11
    		$-0.02N/AN/ABeat+71.4%
    Sep 20
    Reported Nov 5
    		$-0.01N/AN/ABeat+0.0%
    Jun 20
    Reported Aug 6
    		$-0.02N/AN/ABeat+60.0%
    Mar 20
    Reported May 7
    		$-0.02N/AN/ABeat+33.3%
    Dec 19
    Reported Mar 12
    		$-0.07N/AN/ABeat-250.0%
    Sep 19
    Reported Nov 7
    		$-0.01N/AN/ABeat+66.7%
    Jun 19
    Reported Aug 8
    		$-0.05N/AN/ABeat-150.0%
    Mar 19
    Reported May 14
    		$-0.03$0.00N/ABeat+0.0%
    Dec 18
    Reported Mar 14
    		$-0.02$-0.01-100.00%Miss+33.3%
    Sep 18
    Reported Nov 8
    		$-0.03$-0.01-200.00%Miss-200.0%
    Jun 18
    Reported Aug 13
    		$-0.02$-0.03+33.33%Beat+0.0%
    Mar 18
    Reported May 14
    		$-0.03$-0.02-50.00%Miss+25.0%
    Dec 17
    Reported Mar 8
    		$-0.03$-0.02-50.00%Miss+50.0%
    Sep 17
    Reported Nov 2
    		$-0.01$-0.01+0.00%Beat-
    Jun 17
    Reported Aug 3
    		$-0.02$-0.03+33.33%Beat-
    Mar 17
    Reported May 4
    		$-0.04$-0.04+0.00%Beat-
    Dec 16
    Reported Mar 13
    		$-0.06$-0.04-50.00%Miss-

    Key Metrics

    Valuation
    P/E Ratio-9.53EV/EBITDAN/A
    Price/FCF-14.28xFCF Yield-7.00%
    Profitability
    Profit Margin0.00%Operating Margin-776.00%
    ROE-154.00%ROICN/A
    Financial Health
    Debt/Equity0.00xInterest CoverageN/A
    Current Ratio3.54xQuick Ratio3.54x
    Trading Statistics
    Beta0.59Avg Volume4.64M
    52-Week High$2.7052-Week Low$0.34

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$0.65
    SMA 20$0.69
    SMA 50$0.54
    SMA 200$0.79
    EMA 10$0.64
    EMA 20$0.63
    EMA 50$0.59
    EMA 200$0.79

    MACD

    Line: 0.02Signal: 0.04Hist: -0.02

    ADX

    ADX: 37.9+DI: 22.8-DI: 13.7

    Aroon & PSAR

    Aroon Up24.0
    Aroon Down16.0
    PSAR$0.53

    Bollinger Bands

    Upper Band$0.83
    Lower Band$0.56
    %B Position3859%(Upper)
    Band Width0.30

    RSI (14-Day)

    Neutral
    52.9

    Momentum Oscillators

    Stoch %K28.3
    Stoch %D19.7
    Williams %R-60.8
    ROC (10d)-8.0%
    Momentum-0.06
    CCI (20d)-67.5
    MFI (14d)53.8

    Volatility Measures

    ATR (14d)$0.08(13.0%)
    StdDev (20d)0.07
    Hist Vol263.4%(High)

    Volume Flow

    VWAP$0.63
    OBV97.5M
    AD Line2.7M
    CMF (20d)0.059

    Volume Metrics

    Avg Vol (20d)5.1M
    Vol Ratio0.0x(Low)
    VWMA (20d)$0.66

    Pivot Points

    R3$0.70
    R2$0.67
    R1$0.65
    Pivot Point$0.62
    S1$0.60
    S2$0.57
    S3$0.55

    Advanced Oscillators

    TSI9.83
    Ultimate Osc52.4
    KST463.58

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$86,346$136,319$72,124$359,444$129,904$559,776$178,151$354,408$489,594$313,378$312,237$164,146
    Cost of Revenue$0$0$46,788$0$0$0$136,752$0$0$0$42,602$0
    Gross Profit$86,346$136,319$72,124$359,444$129,904$559,776$178,151$354,408$489,594$313,378$312,237$164,146
    Operating Expenses$756,100$666,732$845,667$663,388$945,008$799,353$802,436$586,112$605,728$783,128$817,621$677,954
    R&D$128,884$145,350$135,023$141,746$169,086$162,877$160,190$131,246$128,830$149,741$153,115$135,319
    SG&A$627,216$521,382$710,644$521,642$775,922$636,476$642,246$454,866$476,898$633,387$664,506$542,635
    Operating Income$-669,754$-530,413$-773,543$-303,944$-815,104$-239,577$-624,285$-231,704$-116,134$-469,750$-505,384$-513,808
    Interest Income$9,586$5,048$7,980$5,436$11,278$14,533$16,345$29,736$22,112$27,146$25,474$41,642
    Interest Expense$0$0$0$0$0$0$0$0$0$0$0$0
    Income Before Tax$-660,168$-525,365$-765,563$-298,508$-803,826$-177,687$-607,940$-166,816$-94,022$-442,604$-479,910$-472,166
    Income Tax Expense$0$0$0$0$0$0$0$0$0$0$0$0
    Net Income$-660,168$-525,365$-765,563$-298,508$-803,826$-177,687$-607,940$-166,816$-94,022$-442,604$-479,910$-472,166
    EBITDA$-625,754$-486,419$-726,755$-257,149$-768,337$-145,896$-487,533$-154,178$-73,889$-427,558$-462,782$-471,237
    EBIT$-669,754$-530,413$-773,543$-303,944$-815,104$-192,220$-624,285$-196,552$-116,134$-469,750$-505,384$-513,808
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

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    Government Contracts

    Gov Obligations (TTM)
    $0
    Gov Obligations / Revenue
    N/A
    Obligations YoY
    N/A
    Active Awards
    0
    New Awards (TTM)
    0
    Avg Remaining Term
    N/A

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Research Frontiers Q2FY26 Results: Supply chain disruption impacts royalties

    Research Frontiers reported a decline in Q2FY26 royalties due to supply chain disruptions caused by its principal manufacturer Gauzy's restructuring, which temporarily halted production. Despite this...

    scanx.trade•10/14/26•Somewhat-Bullish

    Research Frontiers Reports Q2 2026 Results: Full Earnings Call Transcript

    Research Frontiers discussed the financial and operational impact of its principal SPD film manufacturer, Gauzy, undergoing restructuring, clarifying it was a supply chain disruption...

    Benzinga•10/14/26•Somewhat-Bullish

    Research Frontiers Welcomes Gauzy's Court-Approved Restructuring and the Restart of SPD-Smart Light Control Film Production

    Research Frontiers has announced the successful court-approved restructuring of its licensee Gauzy, allowing Gauzy to resume production of SPD-Smart light control film. This development is expected to lead...

    Moomoo•9/19/26•Bullish

    Research Frontiers Welcomes Final Court Approval of Gauzy Debt Settlement and Restart of SPD-SmartGlass Production

    Research Frontiers Inc. has announced its approval of Gauzy Ltd.'s comprehensive debt settlement, which was finalized by creditors and the court. This development allows Gauzy...

    Quiver Quantitative•9/18/26•Bullish

    Research Frontiers Inc (REFR) Earnings Forecast: Future EPS & Revenue Growth Estimates

    This article provides an earnings forecast for Research Frontiers Inc (REFR), focusing on future EPS and revenue growth estimates. It includes current stock data, an overview of the company's financial sections...

    TradingKey•8/10/26•Neutral

    REFR Valuation and Fair Value

    P/E
    -9.5x
    Forward P/E
    94.3x
    P/FCF
    -14.3x
    PEG
    3.1x
    P/B
    19.9x
    See GNG's fair value

    REFR Profitability: Margins, ROIC and FCF

    Gross margin
    100.0%
    Operating margin
    -776.0%
    Net margin
    0.0%
    ROE
    -154.0%
    FCF margin
    -238.6%
    FCF yield
    -7.0%

    REFR Competitors

    CompanyTicker
    UTStarcom Holdings CorpUTSI
    Aware IncAWRE
    Intellinetics IncINLX
    MIND CTI LtdMNDO
    Intelligent Protection Management CorpIPM
    Dave Inc. WarrantsDAVEW
    Beam GlobalBEEM
    Foxx Development Holdings Inc.FOXX

    Sector: Technology

    REFR Bull Case vs Bear Case

    Bear case

    • REFR beat EPS estimates in 12.5% of its last 8 reported quarters.
    • REFR's quarterly revenue changed -33.5% year over year.

    REFR Earnings: Beat Rate and Next Report

    Beat rate
    1 of 8 quarters (12.5%)
    Average surprise
    -73.3%

    Frequently Asked Questions About REFR

    Does REFR pay dividends?

    Research Frontiers Incorporated (REFR) does not currently pay a regular dividend.

    What is REFR's market cap?

    Research Frontiers Incorporated (REFR) has a market capitalization of $21.96M with a current stock price of $0.64.

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