Income statement
USD
Annual
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1M | 1M | 910K | 540K | 1M |
| Gross Profit | 935K | 1M | -1M | 540K | 1M |
| Operating Income | -2M | -1M | -2M | -3M | -2M |
| EBITDA | -2M | -1M | -2M | -2M | -2M |
| Net Income | -2M | -1M | -2M | -3M | -2M |
| EPS (Diluted) | — | — | — | — | — |
Technology
Live Price
Offline$0.60
-6.25% today
1Y Change
-61.53%
Window
Jun 20, 2025 → Jun 16, 2026
Coverage: 248 bars · Jun 20, 2025 → Jun 16, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Research Frontiers Incorporated (REFR) is a Technology stock with a market cap of $30.00M and listed on NASDAQ. The stock last traded around $0.60 and down 61.5% across the available one-year price window (Jun 20, 2025 → Jun 16, 2026). Baseline metrics include revenue growth of -16.0%, EPS growth of -55.5%, a dividend yield of 0.0%. What stands out right now is revenue -16.0%, EPS -55.5%, free cash flow -68.2% with operating margin -190.2% and ROIC -101.5%. Valuation already assumes a fairly strong business story at price/sales 27.2. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines REFR price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Technology peers on this page.
Benchmark Comparison
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
REFR
—
Normalized return
SPY
—
S&P 500
Excess Return
—
Relative to SPY
REFR Max Drawdown
-72.46%
Trailing 1Y
SPY Max Drawdown
—
Trailing 1Y
Uses the longest available daily history for REFR and SPY.
Financial profile
Profitability, balance sheet stamina, and cash efficiency drawn from the latest filings.
FY Revenue
$1.3M
+134.0% YoY
FY Net Income
-$1.8M
+30.8% YoY
Free Cash Flow
-$1.8M
+17.3% YoY
Revenue Growth
-16.0%
EPS Growth
-55.5%
Gross Margin
95.8%
Net Margin
-182.4%
Income statement
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1M | 1M | 910K | 540K | 1M |
| Gross Profit | 935K | 1M | -1M | 540K | 1M |
| Operating Income | -2M | -1M | -2M | -3M | -2M |
| EBITDA | -2M | -1M | -2M | -2M | -2M |
| Net Income | -2M | -1M | -2M | -3M | -2M |
| EPS (Diluted) | — | — | — | — | — |
Balance sheet
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | 664K | 2M | 2M | 4M | 270K |
| Total Assets | 2M | 4M | 4M | 5M | 5M |
| Total Liabilities | 1M | 1M | 333K | 570K | 762K |
| Shareholder Equity | 934K | 3M | 4M | 5M | 4M |
| Total Debt | 1M | 1M | 268K | 464K | 646K |
| Net Debt | 502K | -698K | -2M | -4M | 376K |
Cash flow positioning
Latest Full Year
Operating Cash Flow
2M
+17.3% YoY
Capital Expenditures
1K
+15.3% YoY
Free Cash Flow
2M
+17.3% YoY
Key ratios
Gross Margin
95.8%
Operating Margin
-190.2%
Net Margin
-182.4%
ROE
-122.9%
Debt / Equity
1.25x
Next Step
Use the numbers to decide whether this is a growth candidate, a quality compounder, or just an interesting outlier.