Research Frontiers Statistics

Total Valuation

REFR has a market cap or net worth of $16.72 million. The enterprise value is $16.57 million.

Market Cap	16.72M
Enterprise Value	16.57M

Important Dates

The next estimated earnings date is Thursday, August 6, 2026, after market close.

Earnings Date	Aug 6, 2026
Ex-Dividend Date	n/a

Share Statistics

REFR has 34.87 million shares outstanding. The number of shares has increased by 0.66% in one year.

Current Share Class	34.87M
Shares Outstanding	34.87M
Shares Change (YoY)	+0.66%
Shares Change (QoQ)	+1.52%
Owned by Insiders (%)	16.74%
Owned by Institutions (%)	10.99%
Float	27.19M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	23.96
Forward PS	n/a
PB Ratio	9.38
P/TBV Ratio	9.38
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	23.75
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 6.38, with a Debt / Equity ratio of 0.63.

Current Ratio	6.38
Quick Ratio	5.77
Debt / Equity	0.63
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is -113.70% and return on invested capital (ROIC) is -45.85%.

Return on Equity (ROE)	-113.70%
Return on Assets (ROA)	-44.22%
Return on Invested Capital (ROIC)	-45.85%
Return on Capital Employed (ROCE)	-87.65%
Weighted Average Cost of Capital (WACC)	6.45%
Revenue Per Employee	$139,558
Profits Per Employee	-$478,652
Employee Count	5
Asset Turnover	0.20
Inventory Turnover	n/a

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -71.29% in the last 52 weeks. The beta is 0.48, so REFR's price volatility has been lower than the market average.

Beta (5Y)	0.48
52-Week Price Change	-71.29%
50-Day Moving Average	0.79
200-Day Moving Average	1.23
Relative Strength Index (RSI)	17.04
Average Volume (20 Days)	41,148

Short Selling Information

The latest short interest is 356,780, so 1.02% of the outstanding shares have been sold short.

Short Interest	356,780
Short Previous Month	342,110
Short % of Shares Out	1.02%
Short % of Float	1.31%
Short Ratio (days to cover)	13.66

Income Statement

In the last 12 months, REFR had revenue of $697,791 and -$2.39 million in losses. Loss per share was -$0.07.

Revenue	697,791
Gross Profit	-1.75M
Operating Income	-2.42M
Pretax Income	-2.39M
Net Income	-2.39M
EBITDA	-2.41M
EBIT	-2.42M
Loss Per Share	-$0.07

Full Income Statement

Balance Sheet

The company has $1.28 million in cash and $1.13 million in debt, giving a net cash position of $148,571 or $0.00 per share.

Cash & Cash Equivalents	1.28M
Total Debt	1.13M
Net Cash	148,571
Net Cash Per Share	$0.00
Equity (Book Value)	1.78M
Book Value Per Share	0.05
Working Capital	1.70M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$1.45 million and capital expenditures -$683, giving a free cash flow of -$1.45 million.

Operating Cash Flow	-1.45M
Capital Expenditures	-683
Depreciation & Amortization	9,619
Net Borrowing	n/a
Free Cash Flow	-1.45M
FCF Per Share	-$0.04

Full Cash Flow Statement

Margins

Gross Margin	-251.01%
Operating Margin	-347.24%
Pretax Margin	-342.98%
Profit Margin	n/a
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

REFR does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-0.66%
Shareholder Yield	-0.66%
Earnings Yield	-14.31%
FCF Yield	-8.66%

Analyst Forecast

The average price target for REFR is $1.50, which is 212.83% higher than the current price. The consensus rating is "Hold".

Price Target	$1.50
Price Target Difference	212.83%
Analyst Consensus	Hold
Analyst Count	1
Revenue Growth Forecast (3Y)	n/a
EPS Growth Forecast (3Y)	n/a

Stock Splits

The last stock split was on February 16, 1994. It was a forward split with a ratio of 1.25:1.

Last Split Date	Feb 16, 1994
Split Type	Forward
Split Ratio	1.25:1

Scores

REFR has an Altman Z-Score of -37.41 and a Piotroski F-Score of 1. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-37.41
Piotroski F-Score	1