Research Frontiers Incorporated (REFR)
NASDAQ: REFR · Real-Time Price · USD
1.620
+0.050 (3.18%)
At close: Dec 5, 2025, 4:00 PM EST
1.650
+0.030 (1.85%)
After-hours: Dec 5, 2025, 5:08 PM EST
Research Frontiers Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| TTM
| FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
| Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| Revenue | 1.23 | 1.34 | 0.91 | 0.54 | 1.26 | 0.83 | |
| Revenue Growth (YoY) | -16.49% | 46.83% | 68.54% | -57.27% | 52.46% | -47.03% | |
| Cost of Revenue | 2.49 | 2.14 | 2.3 | 2.56 | 2.52 | 2.78 | |
| Gross Profit | -1.26 | -0.8 | -1.39 | -2.02 | -1.26 | -1.95 | |
| Selling, General & Admin | 0.35 | 0.27 | 0.25 | - | - | - | |
| Research & Development | 0.37 | 0.37 | 0.4 | 0.61 | 0.58 | 0.63 | |
| Operating Expenses | 0.72 | 0.64 | 0.65 | 0.61 | 0.58 | 0.63 | |
| Operating Income | -1.98 | -1.44 | -2.03 | -2.63 | -1.84 | -2.58 | |
| Interest & Investment Income | 0.05 | 0.1 | 0.12 | - | - | 0.03 | |
| EBT Excluding Unusual Items | -1.94 | -1.35 | -1.91 | -2.63 | -1.84 | -2.54 | |
| Gain (Loss) on Sale of Investments | - | - | - | -0.04 | -0.01 | - | |
| Other Unusual Items | 0.05 | 0.04 | - | - | - | 0.2 | |
| Pretax Income | -1.89 | -1.31 | -1.91 | -2.67 | -1.85 | -2.34 | |
| Net Income | -1.89 | -1.31 | -1.91 | -2.67 | -1.85 | -2.34 | |
| Net Income to Common | -1.89 | -1.31 | -1.91 | -2.67 | -1.85 | -2.34 | |
| Shares Outstanding (Basic) | 34 | 34 | 33 | 32 | 32 | 31 | |
| Shares Outstanding (Diluted) | 34 | 34 | 33 | 32 | 32 | 31 | |
| Shares Change (YoY) | 0.32% | 0.20% | 4.31% | 1.34% | 0.50% | 4.92% | |
| EPS (Basic) | -0.06 | -0.04 | -0.06 | -0.08 | -0.06 | -0.07 | |
| EPS (Diluted) | -0.06 | -0.04 | -0.06 | -0.08 | -0.06 | -0.07 | |
| Free Cash Flow | -0.82 | -0.79 | -2.3 | -2.18 | -1.81 | -2.31 | |
| Free Cash Flow Per Share | -0.02 | -0.02 | -0.07 | -0.07 | -0.06 | -0.07 | |
| Gross Margin | -102.82% | -60.24% | -152.63% | - | -99.67% | -235.27% | |
| Operating Margin | -161.57% | -107.96% | -223.54% | -486.42% | -145.59% | -311.11% | |
| Profit Margin | -153.83% | -98.19% | -209.80% | -494.61% | -146.18% | -282.56% | |
| Free Cash Flow Margin | -66.62% | -59.19% | -252.49% | -404.68% | -142.94% | -278.74% | |
| EBITDA | -1.97 | -1.42 | -2.01 | -2.6 | -1.81 | -2.51 | |
| EBITDA Margin | -160.28% | -106.00% | -220.53% | - | -143.22% | - | |
| D&A For EBITDA | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.07 | |
| EBIT | -1.98 | -1.44 | -2.03 | -2.63 | -1.84 | -2.58 | |
| EBIT Margin | -161.57% | -107.96% | -223.54% | - | -145.59% | - | |
Source: S&P Capital IQ. Standard template.
Financial Sources.