Research Frontiers Incorporated
REFRTechnologyNASDAQElectronic Components · Last scanned Sep 7, 2026
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Daily timeframeResearch Frontiers Incorporated, together with other subsidiary, engages in the development and marketing of technology and devices to control the flow of light worldwide. With a market capitalization of $14.5M, it sits in micro-cap territory. 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.
Market Cap
$14.5M
Beta
0.58
P/E (TTM)
—
P/E (Fwd)
-6.91
EPS (TTM)
$-0.06
EPS (Fwd)
$-0.06
ROE
-154.0%
ROA
-50.4%
Cash
$1.1M
Total Debt
$1.1M
Free CF
-$597,432
52W Change
-68.5%
Annual Financials
Cash vs Debt
Where REFR stands vs its 150-day and 200-day moving averages
As of the August 7, 2026 close, REFR finished 45.98% below its 150-day moving average ($0.87) and 56.48% below its 200-day moving average ($1.08). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is REFR overbought or oversold?
At the August 7, 2026 close, REFR's RSI(14) was 33.3, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $1.1M in cash, though total debt stands at $1.1M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$597K. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -154.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $540K (2022) to $1.1M (2025), reflecting a 108% increase over the period.
With a beta below 0.7, Research Frontiers Incorporated typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Research Frontiers Incorporated's trajectory.