Research Frontiers is a publicly traded technology company and the developer of patented SPD-Smart light-control film technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically. Research Frontiers has licensed its smart glass technology to over 40 companies that include well known chemical, material science and glass companies. Products using Research Frontiers' smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings.

Company profile
Ticker
REFR
Exchange
Website
CEO
Joseph M. Harary
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
TiVo • Dolby Laboratories • Interdigital • Acacia Research • Franchise • Virnetx Holding • Xcel Brands • Network-1 • Finjan • Digital Turbine ...
SEC CIK
Corporate docs
Subsidiaries
SPD Enterprises, Inc. ...
IRS number
112103466
REFR stock data
Press releases
Research Frontiers Reports Second Quarter 2022 Financial Results and Will Host a Conference Call at 4:30p.m. Today
4 Aug 22
COOL AND COMING SOON: RESEARCH FRONTIERS' SPD-SMARTGLASS TECHOLOGY IN CADILLAC CELESTIQ ELECTRIC VEHICLE
16 Jun 22
RESEARCH FRONTIERS DIRECTOR GRAHAM SETTLE NOW FOCUSING ON HUMANITARIAN EFFORTS IN AFGHANASTAN AND UKRAINE
13 Jun 22
Investment data
Securities sold
Number of investors
Calendar
4 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.88M | 1.88M | 1.88M | 1.88M | 1.88M | 1.88M |
Cash burn (monthly) | 194.1K | (no burn) | 247.72K | 172.59K | 193.94K | 124.94K |
Cash used (since last report) | 277.73K | n/a | 354.46K | 246.96K | 277.51K | 178.78K |
Cash remaining | 1.61M | n/a | 1.53M | 1.64M | 1.61M | 1.71M |
Runway (months of cash) | 8.3 | n/a | 6.2 | 9.5 | 8.3 | 13.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Dec 21 | Daigle Darryl | Stock Option Common Stock | Grant | Acquire A | No | No | 1.72 | 40,000 | 68.8K | 243,880 |
31 Dec 21 | Harary Joseph M | Stock Option Common Stock | Grant | Acquire A | No | No | 1.72 | 55,000 | 94.6K | 289,100 |
31 Dec 21 | Michael R Lapointe | Stock Option Common Stock | Grant | Acquire A | No | No | 1.72 | 5,000 | 8.6K | 45,850 |
31 Dec 21 | William Graham Settle | Stock Option Common Stock | Grant | Acquire A | No | No | 1.72 | 40,000 | 68.8K | 195,826 |
31 Dec 21 | Kaganowicz Alexander | Stock Option Common Stock | Grant | Acquire A | No | No | 1.72 | 40,000 | 68.8K | 243,880 |
Institutional ownership, Q1 2022
11.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 31 |
Opened positions | 3 |
Closed positions | 6 |
Increased positions | 6 |
Reduced positions | 11 |
13F shares | Current |
---|---|
Total value | 10.48M |
Total shares | 3.68M |
Total puts | 10.2K |
Total calls | 0 |
Total put/call ratio | Infinity |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 1.2M | $2.31M |
Douglas Kevin | 770.28K | $2.9M |
BLK Blackrock | 630.62K | $1.21M |
Millennium Management | 205.56K | $395K |
Geode Capital Management | 187.87K | $360K |
Shufro Rose & Co | 157.98K | $303K |
STT State Street | 117.12K | $225K |
Money Concepts Capital | 59.2K | $114K |
NTRS Northern Trust | 56.23K | $108K |
Susquehanna International | 36.38K | $70K |
Content analysis
?Positive | ||
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H.S. sophomore Avg
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New words:
classified, consisted, entertainment, NaN, qualified, reclassified
Removed:
decreased
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
13 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 21
8-K
Regulation FD Disclosure
13 Jan 21
8-K
Departure of Directors or Certain Officers
4 Dec 20
8-K
GRAHAM SETTLE JOINS RESEARCH FRONTIERS BOARD TO REPLACE RETIRING DIRECTOR Gregory G. Grimes
17 Aug 20
8-K
Regulation FD Disclosure
4 Aug 20
8-K
Regulation FD Disclosure
1 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
11 Jun 20
8-K
Regulation FD Disclosure
24 Apr 20
8-K
RESEARCH FRONTIERS’ SPD-SmartGlass LICENSED TO glatic to produce SPD-smart windows for the south korean architectural market
2 Jan 20
Registration and prospectus
S-8
Registration of securities for employees
9 Mar 20
424B2
Prospectus for primary offering
3 Jun 19
424B2
Prospectus for primary offering
6 Sep 18
424B2
Prospectus for primary offering
22 Apr 18
S-8
Registration of securities for employees
12 Jun 14
424B5
Prospectus supplement for primary offering
7 May 14
S-3/A
Shelf registration (amended)
10 Dec 12
S-3
Shelf registration
5 Nov 12
Other
EFFECT
Notice of effectiveness
22 Apr 18
CORRESP
Correspondence with SEC
18 Apr 18
UPLOAD
Letter from SEC
21 Mar 18
UPLOAD
Letter from SEC
4 Aug 13
CORRESP
Correspondence with SEC
2 Jul 13
UPLOAD
Letter from SEC
23 Jun 13
CT ORDER
Confidential treatment order
20 Jun 13
CT ORDER
Confidential treatment order
20 Jun 13
CORRESP
Correspondence with SEC
8 May 13
UPLOAD
Letter from SEC
28 Apr 13
Ownership
4
RESEARCH FRONTIERS / MICHAEL R LAPOINTE ownership change
3 Jan 22
4
RESEARCH FRONTIERS / Darryl Daigle ownership change
3 Jan 22
4
RESEARCH FRONTIERS / JOSEPH M HARARY ownership change
3 Jan 22
4
RESEARCH FRONTIERS / Alexander Kaganowicz ownership change
3 Jan 22
4
RESEARCH FRONTIERS / William Graham Settle ownership change
3 Jan 22
SC 13G/A
RESEARCH FRONTIERS / BlackRock ownership change
11 Jul 21
SC 13G/A
RESEARCH FRONTIERS / DOUGLAS KEVIN ownership change
15 Mar 21
SC 13G
RESEARCH FRONTIERS / BlackRock ownership change
2 Feb 21
SC 13G/A
RESEARCH FRONTIERS / DOUGLAS KEVIN ownership change
25 Jan 21
4
RESEARCH FRONTIERS / MICHAEL R LAPOINTE ownership change
4 Jan 21
Patents
Utility
Light Valve Films Laminated Between Thin Glass and Plastic Substrates
23 Dec 20
A laminated light valve film comprising: (a) a film having first and second opposed outer surfaces; (b) a first layer of a polymeric interlayer material upon at least a portion of each opposed outer surface; (c) a first pair of substrates, one of which is adhered to the interlayer material upon the first outer opposed surface of the light valve film and the second is adhered to the interlayer material upon the second outer opposed surface of the light valve film, these substrates being formed from plastic or glass; (d) a second layer of polymeric interlayer material applied to at least a portion of an outer surface of each one of the first pair of substrates; and (e) a second pair of substrates, one being adhered to the interlayer upon the outer surface of one of the first pair of substrates and a second one adhered to the interlayer material on the outer surface of a second one of the first pair of substrates, the second pair of substrates being formed from plastic or glass, with the proviso that when the first pair of substrates is formed of plastic, the second pair of substrates is formed of glass, and vice-versa.
Utility
Light valve films laminated between thin glass and plastic substrates
19 Oct 20
A laminated light valve film comprising: (a) a film having first and second opposed outer surfaces; (b) a first layer of a polymeric interlayer material upon at least a portion of each opposed outer surface; (c) a first pair of substrates, one of which is adhered to the interlayer material upon the first outer opposed surface of the light valve film and the second is adhered to the interlayer material upon the second outer opposed surface of the light valve film, these substrates being formed from plastic or glass; (d) a second layer of polymeric interlayer material applied to at least a portion of an outer surface of each one of the first pair of substrates; and (e) a second pair of substrates, one being adhered to the interlayer upon the outer surface of one of the first pair of substrates and a second one adhered to the interlayer material on the outer surface of a second one of the first pair of substrates, the second pair of substrates being formed from plastic or glass, with the proviso that when the first pair of substrates is formed of plastic, the second pair of substrates is formed of glass, and vice-versa.
Transcripts
2022 Q1
Earnings call transcript
7 May 22
2021 Q4
Earnings call transcript
10 Mar 22
2021 Q3
Earnings call transcript
9 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
11 Mar 21
2020 Q3
Earnings call transcript
8 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
11 May 20
2019 Q4
Earnings call transcript
13 Mar 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Picks for 6-7-2022
7 Jun 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22
Daily Discussion Thread - March 7th, 2022
7 Mar 22
Daily Discussion Thread - November 4th, 2021
4 Nov 21
Daily Discussion Thread - November 3rd, 2021
3 Nov 21
Daily Plays September 16, 2021
15 Sep 21