Research Frontiers (REFR)

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

NASDAQ

Website

www.refr-spd.com

CEO

Joseph M. Harary

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

Industry (SIC)

Patent Owners & Lessors

TiVo • Dolby Laboratories • Interdigital • Acacia Research • Franchise • Virnetx Holding • Xcel Brands • Network-1 • Finjan • Digital Turbine ...

SEC CIK

0000793524

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

SPD Enterprises, Inc. ...

IRS number

112103466

REFR stock data

1M 1Y 5Y

News

From Benzinga Pro

Earnings Scheduled For August 4, 2022

4 Aug 22

Companies Reporting Before The Bell • Toyota Motor (NYSE:TM) is projected to report earnings for its first quarter.

Press releases

From Benzinga Pro

Research Frontiers Reports Second Quarter 2022 Financial Results and Will Host a Conference Call at 4:30p.m. Today

4 Aug 22

WOODBURY, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (NASDAQ:REFR) announced its financial results for its June 30, 2022 second quarter. Management will host a conference call today at 4:30 p.m.

COOL AND COMING SOON: RESEARCH FRONTIERS' SPD-SMARTGLASS TECHOLOGY IN CADILLAC CELESTIQ ELECTRIC VEHICLE

16 Jun 22

Woodbury, New York., June 16, 2022 (GLOBE NEWSWIRE) -- It's cool, literally, and coming soon. Yesterday General Motors announced that it will invest more than $81 million into the company's Global Technical Center in

RESEARCH FRONTIERS DIRECTOR GRAHAM SETTLE NOW FOCUSING ON HUMANITARIAN EFFORTS IN AFGHANASTAN AND UKRAINE

13 Jun 22

WOODBURY, NY, June 13, 2022 (GLOBE NEWSWIRE) -- Research Frontiers Inc. announced today the retirement of Board member William Graham Settle effective June 13, 2022. Graham Settle has been a member of the Board since

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

4 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart REFR financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

REFR insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

REFR institutional ownership history Ownership history

11.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	31	34	-8.8%
Opened positions	3	7	-57.1%
Closed positions	6	8	-25.0%
Increased positions	6	4	+50.0%
Reduced positions	11	14	-21.4%

13F shares	Current	Prev Q	Change
Total value	10.48M	10.04M	+4.4%
Total shares	3.68M	3.8M	-3.2%
Total puts	10.2K	47.4K	-78.5%
Total calls	0	38.4K	EXIT
Total put/call ratio	Infinity	1.2	+Infinity%

Largest owners	Shares	Value	Change
Vanguard	1.2M	$2.31M	-2.1%
Douglas Kevin	770.28K	$2.9M	0.0%
BLK Blackrock	630.62K	$1.21M	-0.3%
Millennium Management	205.56K	$395K	-1.2%
Geode Capital Management	187.87K	$360K	-0.4%
Shufro Rose & Co	157.98K	$303K	-6.9%
STT State Street	117.12K	$225K	+4.1%
Money Concepts Capital	59.2K	$114K	NEW
NTRS Northern Trust	56.23K	$108K	0.0%
Susquehanna International	36.38K	$70K	-65.3%

Largest transactions	Shares	Bought/sold	Change
Susquehanna International	36.38K	-68.32K	-65.3%
Money Concepts Capital	59.2K	+59.2K	NEW
Ergoteles	0	-46.06K	EXIT
Kingsview Wealth Management	0	-37.25K	EXIT
Atria Wealth Solutions	32.74K	+32.74K	NEW
Vanguard	1.2M	-25.4K	-2.1%
Point72 Asset Management	0	-24.45K	EXIT
Chemistry Wealth Management	0	-16K	EXIT
Shufro Rose & Co	157.98K	-11.77K	-6.9%
Citadel Advisors	29.65K	+10.32K	+53.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.