REFR

Research Frontiers Incorporated

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Latest Quote

$0.46

-0.00 (-0.28%)

Current Price

Previous Close	$0.46
Open	$0.47
Day High	$0.47
Day Low	$0.45
Volume	21,271

Fetched: 2026-08-31T14:27:29

Stock Information

Shares Outstanding	34.87M
Total Debt	$1.09M
Cash Equivalents	$1.09M
Revenue	$654K
Net Income	$-2.25M
Sector	Technology
Industry	Electronic Components
Market Cap	$16.08M
EPS (TTM)	$-0.06
Exchange	NCM

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Recent Price History

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About Research Frontiers Incorporated

Research Frontiers Incorporated, together with other subsidiary, engages in the development and marketing of technology and devices to control the flow of light worldwide. It 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. The company's 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, heads up displays and navigation systems; aircraft windows; museum display panels, and eyewear products; and flat panel displays for electronic products. It serves architectural, automotive, marine, and aerospace and appliance applications. The company was incorporated in 1965 and is headquartered in Woodbury, New York.

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Period:

Income Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue
Total Revenue	$1,121,248	$1,335,531	$909,598	$539,686
Operating Revenue	$1,121,248	$1,335,531	$909,598	$539,686
Expenses
Total Expenses	$3,253,416	$2,777,404	$2,942,900	$3,164,816
Other Income Expense	$86,584	$130,491	$124,938	$-44,219
Other Non Operating Income Expenses	$47,357	$35,152	-	-
Operating Expense	$3,253,416	$2,777,404	$2,942,900	$3,164,816
Other Operating Expenses	$2,644,684	$2,207,397	$2,359,634	$2,555,689
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Normalized Income	$-2,084,811	$-1,406,721	$-2,033,302	$-2,625,130
Net Income From Continuing And Discontinued Operation	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Total Operating Income As Reported	$-2,132,168	$-1,441,873	$-2,033,302	$-2,625,130
Net Income Common Stockholders	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Net Income	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Net Income Including Noncontrolling Interests	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Net Income Continuous Operations	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Pretax Income	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Operating Income	$-2,132,168	$-1,441,873	$-2,033,302	$-2,625,130
Per Share
Diluted EPS	$-0.06	$-0.04	$-0.06	$-0.08
Basic EPS	$-0.06	$-0.04	$-0.06	$-0.08
Other
Tax Effect Of Unusual Items	$0	$0	$0	$0
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$-1,984,721	$-1,273,649	$-1,986,098	$-2,405,759
Total Unusual Items	$39,227	$95,339	$124,938	$-44,219
Total Unusual Items Excluding Goodwill	$39,227	$95,339	$124,938	$-44,219
Reconciled Depreciation	$186,674	$263,563	$172,142	$175,152
EBITDA (Bullshit earnings)	$-1,945,494	$-1,178,310	$-1,861,160	$-2,449,978
EBIT	$-2,132,168	$-1,441,873	$-2,033,302	$-2,625,130
Diluted Average Shares	$33,648,221	$33,520,904	$33,453,627	$32,070,233
Basic Average Shares	$33,648,221	$33,520,904	$33,453,627	$32,070,233
Diluted NI Availto Com Stockholders	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Gain On Sale Of Security	$39,227	$95,339	$124,938	$-44,219
Research And Development	$608,732	$570,007	$583,266	$609,127

Fetched: 2026-08-30

Balance Sheet (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Net Tangible Assets	$933,626	$2,604,335	$3,517,731	$4,796,865
Total Assets	$2,251,745	$4,039,647	$3,850,525	$5,366,451
Total Non Current Assets	$1,107,811	$1,293,758	$274,379	$444,963
Other Non Current Assets	$56,066	$56,066	$56,066	$56,066
Current Assets	$1,143,934	$2,745,889	$3,576,146	$4,921,488
Other Current Assets	$70,969	$93,490	$96,784	$100,973
Receivables	$408,666	$658,213	$1,003,404	$589,599
Accounts Receivable	$408,666	$658,213	$1,003,404	$589,599
Allowance For Doubtful Accounts Receivable	$-1,384,850	$-1,253,450	$-1,253,450	$-1,158,450
Gross Accounts Receivable	$1,793,516	$1,911,663	$2,256,854	$1,748,049
Cash Cash Equivalents And Short Term Investments	$664,299	$1,994,186	$2,475,958	$4,230,916
Cash And Cash Equivalents	$664,299	$1,994,186	$2,475,958	$4,230,916
Non Current Prepaid Assets	-	-	-	-
Prepaid Assets	-	-	-	-
Debt
Total Debt	$1,166,285	$1,296,160	$267,722	$464,128
Long Term Debt And Capital Lease Obligation	$1,020,242	$1,166,285	$55,363	$267,723
Current Debt And Capital Lease Obligation	$146,043	$129,875	$212,359	$196,405
Liabilities
Total Liabilities Net Minority Interest	$1,318,119	$1,435,312	$332,794	$569,586
Total Non Current Liabilities Net Minority Interest	$1,020,242	$1,166,285	$55,363	$267,723
Current Liabilities	$297,877	$269,027	$277,431	$301,863
Other Current Liabilities	$360	$360	$360	$360
Payables And Accrued Expenses	$151,474	$138,792	$64,712	$105,098
Payables	$132,666	$85,825	$50,880	$71,079
Accounts Payable	$132,666	$85,825	$50,880	$71,079
Equity
Common Stock Equity	$933,626	$2,604,335	$3,517,731	$4,796,865
Total Equity Gross Minority Interest	$933,626	$2,604,335	$3,517,731	$4,796,865
Stockholders Equity	$933,626	$2,604,335	$3,517,731	$4,796,865
Retained Earnings	$-127,621,807	$-125,576,223	$-124,264,841	$-122,356,477
Other
Ordinary Shares Number	$33,648,221	$33,648,221	$33,509,287	$33,150,396
Share Issued	$33,648,221	$33,648,221	$33,509,287	$33,150,396
Tangible Book Value	$933,626	$2,604,335	$3,517,731	$4,796,865
Invested Capital	$933,626	$2,604,335	$3,517,731	$4,796,865
Working Capital	$846,057	$2,476,862	$3,298,715	$4,619,625
Capital Lease Obligations	$1,166,285	$1,296,160	$267,722	$464,128
Total Capitalization	$933,626	$2,604,335	$3,517,731	$4,796,865
Additional Paid In Capital	$128,552,068	$128,177,193	$127,779,221	$127,150,027
Capital Stock	$3,365	$3,365	$3,351	$3,315
Common Stock	$3,365	$3,365	$3,351	$3,315
Long Term Capital Lease Obligation	$1,020,242	$1,166,285	$55,363	$267,723
Current Capital Lease Obligation	$146,043	$129,875	$212,359	$196,405
Current Accrued Expenses	$18,808	$52,967	$13,832	$34,019
Net PPE	$1,051,745	$1,237,692	$218,313	$388,897
Accumulated Depreciation	$-2,807,265	$-2,794,879	$-2,768,710	$-2,741,362
Gross PPE	$3,859,010	$4,032,571	$2,987,023	$3,130,259
Leases	$584,967	$584,967	$584,967	$584,967
Other Properties	$1,824,006	$1,998,294	$954,369	$1,099,163
Machinery Furniture Equipment	$1,450,037	$1,449,310	$1,447,687	$1,446,129
Properties	$0	$0	$0	$0
Treasury Shares Number	-	-	$0	-
Other Short Term Investments	-	-	-	$0

Fetched: 2026-08-30

Cash Flow Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Free Cash Flow
Free Cash Flow	$-1,329,887	$-790,442	$-2,296,609	$-2,184,016
Operating Activities
Operating Cash Flow	$-1,329,161	$-788,819	$-2,295,051	$-2,182,745
Cash Flow From Continuing Operating Activities	$-1,329,161	$-788,819	$-2,295,051	$-2,182,745
Operating Gains Losses	-	-	$-57,149	$60,143
Investing Activities
Capital Expenditure	$-726	$-1,623	$-1,558	$-1,271
Investing Cash Flow	$-726	$-1,623	$55,591	$2,693,697
Cash Flow From Continuing Investing Activities	$-726	$-1,623	$55,591	$2,693,697
Financing Activities
Issuance Of Capital Stock	$0	$300,000	$0	$3,450,000
Financing Cash Flow	$0	$308,670	$484,502	$3,450,000
Cash Flow From Continuing Financing Activities	$0	$308,670	$484,502	$3,450,000
Net Common Stock Issuance	$0	$300,000	$0	$3,450,000
Common Stock Issuance	$0	$300,000	$0	$3,450,000
Other
End Cash Position	$664,299	$1,994,186	$2,475,958	$4,230,916
Beginning Cash Position	$1,994,186	$2,475,958	$4,230,916	$269,964
Changes In Cash	$-1,329,887	$-481,772	$-1,754,958	$3,960,952
Proceeds From Stock Option Exercised	$0	$8,670	$484,502	$0
Net PPE Purchase And Sale	$-726	$-1,623	$-1,558	$-1,271
Purchase Of PPE	$-726	$-1,623	$-1,558	$-1,271
Change In Working Capital	$621	$144,683	$-741,408	$-122,754
Change In Other Current Liabilities	$-129,875	$-252,881	$-196,406	$-182,091
Change In Payables And Accrued Expense	$12,681	$74,080	$-40,386	$-10,387
Change In Prepaid Assets	$22,521	$3,294	$4,189	$-30,542
Change In Receivables	$95,294	$320,190	$-508,805	$100,266
Stock Based Compensation	$374,875	$89,316	$144,728	$232,291
Asset Impairment Charge	$154,253	$25,001	$95,000	$141,772
Depreciation Amortization Depletion	$186,674	$263,563	$172,142	$175,152
Depreciation And Amortization	$186,674	$263,563	$172,142	$175,152
Depreciation	$186,674	$263,563	$172,142	$175,152
Net Income From Continuing Operations	$-2,045,584	$-1,311,382	$-1,908,364	$-2,669,349
Net Investment Purchase And Sale	-	$0	$57,149	$2,694,968
Sale Of Investment	-	$0	$5,491,535	$2,694,968
Purchase Of Investment	-	$0	$-5,434,386	$0
Gain Loss On Investment Securities	-	-	$-57,149	$60,143
Changes In Account Receivables	-	-	-	$100,266
Unrealized Gain Loss On Investment Securities	-	-	-	$0
Issuance Of Debt	-	-	-	-
Net Issuance Payments Of Debt	-	-	-	-
Net Long Term Debt Issuance	-	-	-	-
Long Term Debt Issuance	-	-	-	-
Sale Of PPE	-	-	-	-

Fetched: 2026-08-30