Research Frontiers Incorporated (REFR)Technology | Electronic Components | Woodbury, United States | NasdaqCM
0.64 USD
+0.01
(1.540%)
⇧
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 7:55 a.m. EDT
This is a distressed asset with no viable investment thesis. The company is fundamentally broken, reporting negative revenue growth of nearly 34%, negative gross margins, and negative free cash flow. The balance sheet is precarious, with debt exceeding cash reserves and a massive hole in equity value (price-to-book of 18.5x despite negative earnings). The multi-year price trajectory confirms a structural decline, dropping roughly 27% over the last nine years with six of the last seven years seeing negative returns. There is no dividend to provide income, and the lack of institutional ownership or meaningful options flow indicates the market has effectively abandoned the security. While the stock trades near its 52-week low, offering a nominal 'discount,' buying here is akin to purchasing a sinking ship because the chart looks cheap. The statistical forecasting models are useless here due to the extreme noise and lack of data reliability. Avoid this security entirely. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.128367 |
| AutoETS | 0.133944 |
| AutoARIMA | 0.135287 |
| AutoTheta | 0.141353 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 18% |
| H-stat | 8.73 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 5.82 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 97.458 |
| Revenue per Share | 0.019 |
| Market Cap | 22,301,434 |
| Forward P/E | -10.66 |
| Beta | 0.59 |
| Website | https://www.smartglass.com |
As of Oct. 10, 2026, 7:55 a.m. EDT: Options activity is negligible and non-directional. Call volume is extremely low across all expirations, while put activity is concentrated in deep out-of-the-money strikes (strikes far above the current price) for longer-dated contracts. This suggests speculative positioning rather than a coherent directional bet, likely driven by the stock's extreme volatility and low liquidity rather than specific catalysts.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.6097561 |
| Address1 | 240 Crossways Park Drive |
| All Time High | 40.0 |
| All Time Low | 0.34 |
| Ask | 0.5301 |
| Ask Size | 4 |
| Average Daily Volume10 Day | 154,840 |
| Average Daily Volume3 Month | 1,671,818 |
| Average Volume | 1,671,818 |
| Average Volume10Days | 154,840 |
| Beta | 0.586 |
| Bid | 0.4336 |
| Bid Size | 1 |
| Book Value | 0.032 |
| City | Woodbury |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 0.6396 |
| Current Ratio | 3.543 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 0.6521 |
| Day Low | 0.601 |
| Debt To Equity | 97.458 |
| Display Name | Research Frontiers |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,048,200 |
| Earnings Call Timestamp Start | 1,786,048,200 |
| Earnings Timestamp | 1,786,046,400 |
| Earnings Timestamp End | 1,793,908,800 |
| Earnings Timestamp Start | 1,793,908,800 |
| Ebitda | -2,270,803 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -9.824 |
| Enterprise To Revenue | 34.098 |
| Enterprise Value | 22,308,024 |
| Eps Forward | -0.06 |
| Eps Trailing Twelve Months | -0.06 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 516 364 3798 |
| Fifty Day Average | 0.5376 |
| Fifty Day Average Change | 0.102 |
| Fifty Day Average Change Percent | 0.18973215 |
| Fifty Two Week Change Percent | -60.975613 |
| Fifty Two Week High | 2.7 |
| Fifty Two Week High Change | -2.0604 |
| Fifty Two Week High Change Percent | -0.7631111 |
| Fifty Two Week Low | 0.34 |
| Fifty Two Week Low Change | 0.29959998 |
| Fifty Two Week Low Change Percent | 0.8811764 |
| Fifty Two Week Range | 0.34 - 2.7 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 521,213,400,000 |
| Float Shares | 27,190,946 |
| Forward Eps | -0.06 |
| Forward P E | -10.66 |
| Free Cashflow | -597,432 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 5 |
| Fullday Change | -0.07879996 |
| Fullday Change Percent | -12.509916 |
| Fullday Price | 0.6396 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | -2.5174499 |
| Gross Profits | -1,646,998 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.15338999 |
| Held Percent Institutions | 0.10544 |
| Implied Shares Outstanding | 34,867,786 |
| Industry | Electronic Components |
| Industry Disp | Electronic Components |
| Industry Key | electronic-components |
| Ir Website | http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=4104621 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 761,356,800 |
| Last Split Factor | 5:4 |
| Long Business Summary | 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. |
| Long Name | Research Frontiers Incorporated |
| Market | us_market |
| Market Cap | 22,301,434 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_300002 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -2,249,604 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 24,334,227 |
| Open | 0.628 |
| Operating Cashflow | -1,560,698 |
| Operating Margins | -7.7566304 |
| Peg Ratio | 3.15 |
| Phone | 516 364 1902 |
| Previous Close | 0.6299 |
| Price Hint | 4 |
| Price To Book | 19.9875 |
| Price To Sales Trailing12 Months | 34.087906 |
| Profit Margins | 0.0 |
| Quick Ratio | 3.154 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0097 |
| Regular Market Change Percent | 1.53993 |
| Regular Market Day High | 0.6521 |
| Regular Market Day Low | 0.601 |
| Regular Market Day Range | 0.601 - 0.6521 |
| Regular Market Open | 0.628 |
| Regular Market Previous Close | 0.6299 |
| Regular Market Price | 0.6396 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 174,736 |
| Return On Assets | -0.50405 |
| Return On Equity | -1.5402299 |
| Revenue Growth | -0.335 |
| Revenue Per Share | 0.019 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Shares Outstanding | 34,867,786 |
| Shares Percent Shares Out | 0.0293 |
| Shares Short | 1,022,632 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 431,999 |
| Short Name | Research Frontiers Incorporated |
| Short Percent Of Float | 0.031400003 |
| Short Ratio | 0.22 |
| Source Interval | 15 |
| State | NY |
| Symbol | REFR |
| Total Cash | 1,087,956 |
| Total Cash Per Share | 0.031 |
| Total Debt | 1,094,545 |
| Total Revenue | 654,233 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.06 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 0.7925 |
| Two Hundred Day Average Change | -0.15290004 |
| Two Hundred Day Average Change Percent | -0.1929338 |
| Type Disp | Equity |
| Volume | 174,736 |
| Website | https://www.smartglass.com |
| Zip | 11,797-2033 |