Research Frontiers Incorporated
General ticker "REFR" information:
- Sector: Information Technology
- Industry: Hardware, Equipment & Parts
- Capitalization: $39.9M (TTM average)
Research Frontiers Incorporated does not follow the US Stock Market performance with the rate: -28.9%.
Estimated limits based on current volatility of 6.3%: low 0.58$, high 0.65$
Factors to consider:
- Total employees count: 5 as of 2025
- Countries other than US accounted for 80.0% of revenue in the fiscal year ended 2025-12-31
- Top business risk factors: Insufficient cash flow, Licensee bankruptcy, Labor/talent shortage/retention, Market competition, Customer concentration
- Current price 44.0% below estimated low
- Earnings for 6 months up through Q2 are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2025-12-31 to 2027-12-31
- 2025-12-31 to 2026-12-31 estimated range: [1.00$, 2.40$]
- 2026-12-31 to 2027-12-31 estimated range: [0.91$, 2.21$]
Financial Metrics affecting the REFR estimates:
- Positive: with PPE of -22.9 at the end of fiscal year the price was low
- Negative: negative Operating income
- Negative: negative Operating cash flow
- Negative: negative Net income
- Negative: Investing cash flow per share per price, % of 0 <= 2.08
- Positive: Industry inventory ratio change (median), % of -0.91 <= -0.33
- Negative: Industry earnings per price (median), % of 0 <= 0
- Positive: -4.55 < Industry operating profit margin (median), % of -0.09
- Positive: Inventory ratio change, % of 0 <= 0
- Negative: Industry operating cash flow per share per price (median), % of 2.28 <= 3.66
Short-term REFR quotes
Long-term REFR plot with estimates
Financial data
| YTD | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating Revenue | $0.91MM | $1.34MM | $1.12MM |
| Operating Expenses | $2.94MM | $2.78MM | $3.25MM |
| Operating Income | $-2.03MM | $-1.44MM | $-2.13MM |
| Non-Operating Income | $0.12MM | $0.13MM | $0.09MM |
| R&D Expense | $0.58MM | $0.57MM | $0.61MM |
| Income(Loss) | $-1.91MM | $-1.31MM | $-2.05MM |
| Net Income(Loss)* | $-1.91MM | $-1.31MM | $-2.05MM |
| Stockholders Equity | $3.52MM | $2.60MM | $0.93MM |
| Assets | $3.85MM | $4.04MM | $2.25MM |
| Operating Cash Flow | $-2.30MM | $-0.79MM | $-1.33MM |
| Capital expenditure | $0.00MM | $0.00MM | $0.00MM |
| Investing Cash Flow | $0.06MM | $-0.00MM | $-0.00MM |
| Financing Cash Flow | $0.48MM | $0.31MM | $0.00MM |
| Earnings Per Share** | $-0.06 | $-0.04 | $-0.06 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.