RESEARCH FRONTIERS INCORPORATED (REFR)

0.41USD +1.12% (+0.00)

Over 1M: -15.4%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

0.4 0.45
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '23 — Revenue: 164.1K Q3 '23 — Operating Cash Flow: -523.4K Q3 '23 — Net Income: -472.2K Q4 '23 — Revenue: 312.2K Q4 '23 — Operating Cash Flow: -548.7K Q4 '23 — Net Income: -479.9K Q1 '24 — Revenue: 313.4K Q1 '24 — Operating Cash Flow: -391.1K Q1 '24 — Net Income: -442.6K Q2 '24 — Revenue: 489.6K Q2 '24 — Operating Cash Flow: -186.9K Q2 '24 — Net Income: -94K Q3 '24 — Revenue: 354.4K Q3 '24 — Operating Cash Flow: -257.9K Q3 '24 — Net Income: -166.8K Q4 '24 — Revenue: 178.2K Q4 '24 — Operating Cash Flow: 47.1K Q4 '24 — Net Income: -607.9K Q1 '25 — Revenue: 559.8K Q1 '25 — Operating Cash Flow: -641.3K Q1 '25 — Net Income: -177.7K Q2 '25 — Revenue: 129.9K Q2 '25 — Operating Cash Flow: -78.4K Q2 '25 — Net Income: -803.8K Q3 '25 — Revenue: 359.4K Q3 '25 — Operating Cash Flow: -143.5K Q3 '25 — Net Income: -298.5K Q4 '25 — Revenue: 72.1K Q4 '25 — Operating Cash Flow: -465.9K Q4 '25 — Net Income: -765.6K Q1 '26 — Revenue: 136.3K Q1 '26 — Operating Cash Flow: -759.9K Q1 '26 — Net Income: -525.4K Q2 '26 — Revenue: 86.3K Q2 '26 — Operating Cash Flow: -191.3K Q2 '26 — Net Income: -660.2K -600K -300K 0 300K 600K
Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Operating Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

0.6
SBC / sales 57.3%
OE margin -295.9%
Oper. margin -348.1%
Accruals -27.8%
Capex / sales 0.095%
EBITDA margin -347.1%
FCF margin -238.6%
OCF margin -238.6%
Profit margin -343.9%
ROA -90.9%
ROCE -110.3%
ROE -200.3%
Gross margin —
OCF / EBIT —
ROIC —

4 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

2.0
EV/Sales 16.7×
EV/OE -5.7×
P/C 4.1×
FCF yield -10.7%
P/B 12.9×
Div. yield —
EV/EBIT —
EV/GP —
Fwd P/E —
P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.9
RPO / sales 0.11×
RPO growth 64.2%
Segment HHI —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

7.6
ND/EBITDA 0.33
Cash runway 2.3 yr
Debt / Eq 0.0×
Debt payback 0.0 yr
Quick ratio 3.5×
F-score 2.6 pts
Cash / Debt —
Interest cover —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.1
Sales/sh Y/Y -46.7%
Shares change +0.38%
Sales Q/Q -33.5%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.