Research Frontiers (NASDAQ:REFR) Issues Earnings Results

Research Frontiers (NASDAQ:REFR) issued its quarterly earnings data on Thursday. The technology company reported ($0.01) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.08 million for the quarter. Research Frontiers had a negative return on equity of 168.54% and a negative net margin of 344.56%.

Here are the key takeaways from Research Frontiers’ conference call:

• Gauzy’s court-approved settlement and October financing have enabled initial payments to support restarting SPD emulsion production in Israel and film manufacturing in Germany. Research Frontiers said the next tests are consistent output, quality and delivery, while noting the French proceedings remain unresolved.
• Supply constraints weighed heavily on results: third-quarter fee income fell to about $77,000 from $359,000 a year earlier, and the net loss widened to approximately $510,000. Research Frontiers had about $645,000 in cash at quarter-end and does not expect a material royalty recovery until after the fourth quarter of 2026; it also depends on partners for manufacturing.
• The company cited continued automotive and aerospace opportunities despite the supply disruption, including existing programs with four automakers and a newly started project with a North American aircraft manufacturer. These prospects still depend on restoring reliable film supply and converting development activity into production and sales.
• Management sees architectural retrofit as a potentially significant growth opportunity because it targets existing buildings and could move from purchase decision to installation faster than new-construction projects. Commercial rollout was delayed by the film shortage and depends on qualified supply, project economics and installation partners.
• Research Frontiers does not currently qualify for Nasdaq’s automatic 180-day bid-price extension because it also fails another listing requirement. The board is considering whether to seek a hearing in December and other options; management said it hopes to avoid a reverse stock split.

Research Frontiers Price Performance

Shares of REFR stock traded down $0.00 during trading hours on Friday, hitting $0.37. 35,365 shares of the company’s stock were exchanged, compared to its average volume of 113,868. The stock’s 50-day moving average is $0.53 and its 200-day moving average is $0.73. The stock has a market cap of $12.76 million, a price-to-earnings ratio of -5.22 and a beta of 0.75. Research Frontiers has a 52 week low of $0.33 and a 52 week high of $2.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Research Frontiers stock. BlackRock Inc. acquired a new position in shares of Research Frontiers Incorporated (NASDAQ:REFR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 532,542 shares of the technology company’s stock, valued at approximately $277,000. BlackRock Inc. owned about 1.53% of Research Frontiers as of its most recent SEC filing. 11.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Research Frontiers in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Research Frontiers

Research Frontiers, Inc (NASDAQ: REFR) develops and licenses technology for electronically controlled glass and other light-control products. Its principal technology, known as SPD-SmartGlass, uses suspended particles to regulate the amount of light passing through a window or panel. The technology can be used to provide variable tinting, glare control, solar heat management and privacy.

Research Frontiers generally operates as a licensing and technology-development company rather than as a manufacturer of finished glass products.