Research Frontiers Incorporated
REFRTechnologyNASDAQElectronic Components · Last scanned Oct 26, 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 $16.1M, 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
$16.1M
Beta
0.59
P/E (TTM)
—
P/E (Fwd)
-7.68
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
-80.5%
Annual Financials
Cash vs Debt
Where REFR stands vs its 150-day and 200-day moving averages
As of the October 19, 2026 close, REFR finished 16.42% below its 150-day moving average ($0.67) and 29.11% below its 200-day moving average ($0.79). 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 October 19, 2026 close, REFR's RSI(14) was 28.6, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, REFR has $1.1M in cash with $1.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. 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. Return on equity stands at -154.0%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. 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. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing REFR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.