Research Frontiers Incorporated (REFR)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Operating profit | $m | -2 | -2 | ||||||
| Net profit | $m | -2 | -2 | -3 | -2 | -1 | -2 | -2 | -3 |
| EPS reported | $ | -0.06 | -0.07 | ||||||
| Operating cashflow per share | $ | -0.04 | -0.04 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | -0.04 | -0.04 | ||||||
| Free cash flow | $m | -1 | -2 | ||||||
| Net debt | $m | -1 | -1 | ||||||
| Book value equity | $m | 1 | 1 | ||||||
| Book value per share | $ | 0.03 | 0.03 | ||||||
| Number of shares | m | 33.65 | 34.87 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 47.21 | 39.25 | ||||||
| P/S LTM | x | 39.31 | 67.38 | ||||||
| P/FCF LTM | x | -33.15 | -28.23 | ||||||
| EV/EBITDA LTM | x | -23.98 | -21.46 | ||||||
| EV/Sales LTM | x | 39.76 | 23.46 | ||||||
| Earnings Yield LTM | % | -4.64% | -14.66% | ||||||
| FCF Yield | % | -3.02% | -3.54% | ||||||
| Quality | |||||||||
| ROE | % | -219.10% | -168.53% | ||||||
| ROIC | % | -1.02% | -1.03% | ||||||
| Operating margin | % | -1.90% | -3.48% | ||||||
| Gross margin | % | +83.35% | +86.55% | ||||||
| FCF/Sales | % | -118.61% | -238.65% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | -16.04% | -51.01% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | -1.14 | -1.43 | ||||||
| Net Debt/EBITDA | x | -0.27 | -0.00 | ||||||
| EBIT/Net interest | x | 0.00 | 0.00 | ||||||
| Net debt/market cap | % | 0.00% | 0.00% | ||||||
| Net debt/Equity | x | -0.71 | -0.97 | ||||||
| Gross debt/equity | x | 1.25 | 0.97 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Research Frontiers Incorporated (REFR) stands as a global innovator, focusing on the development and commercialization of advanced light-regulating technologies and associated devices. The company's core business revolves around its proprietary Suspended Particle Device (SPD-Smart) light-control technology, which it licenses to other businesses. These licensees then undertake the manufacturing and marketing of various components: the SPD-Smart chemical emulsion, the light-controlling film created from this emulsion, laminated light-control panels, and the necessary electronic systems to power final products that integrate the film. Additionally, Research Frontiers offers licenses for lamination services and the end-products themselves, such as dynamic windows, skylights, and sunroofs. The versatile SPD-Smart light-control technology is integrated into a diverse array of applications. This includes architectural elements like windows, sunshades, skylights, and interior partitions for both residential and commercial buildings. In the automotive sector, it's utilized in vehicle windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels, and navigation systems. Beyond these, the technology enhances aircraft windows, museum display panels, specialized eyewear products, and flat panel displays for electronic goods. The company primarily caters to the architectural, automotive, marine, aerospace, and appliance industries. Research Frontiers Incorporated was established in 1965 and is based in Woodbury, New York.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Research Frontiers Incorporated (REFR)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Research Frontiers Incorporated (REFR) stands as a global innovator, focusing on the development and commercialization of advanced light-regulating technologies and associated devices. The company's core business revolves around its proprietary Suspended Particle Device (SPD-Smart) light-control technology, which it licenses to other businesses. These licensees then undertake the manufacturing and marketing of various components: the SPD-Smart chemical emulsion, the light-controlling film created from this emulsion, laminated light-control panels, and the necessary electronic systems to power final products that integrate the film. Additionally, Research Frontiers offers licenses for lamination services and the end-products themselves, such as dynamic windows, skylights, and sunroofs. The versatile SPD-Smart light-control technology is integrated into a diverse array of applications. This includes architectural elements like windows, sunshades, skylights, and interior partitions for both residential and commercial buildings. In the automotive sector, it's utilized in vehicle windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels, and navigation systems. Beyond these, the technology enhances aircraft windows, museum display panels, specialized eyewear products, and flat panel displays for electronic goods. The company primarily caters to the architectural, automotive, marine, aerospace, and appliance industries. Research Frontiers Incorporated was established in 1965 and is based in Woodbury, New York.
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