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REFR

Research Frontiers·NASDAQ
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REFR fundamentals

Research Frontiers (REFR) released its earnings on Nov 6, 2025: revenue was 359.44K (YoY +1.42%), beat estimates; EPS was -0.01 (YoY 0.00%), missed estimates.
Revenue / YoY
359.44K
+1.42%
EPS / YoY
-0.01
0.00%
Report date
Nov 6, 2025
REFR Earnings Call Summary for Q3,2025
  • Revenue Growth: Automotive and architectural royalties increased year-over-year, with a focus on the retrofit system launch at Glass Build 2025. The company remains debt-free with $1.1 million in cash and $1.4 million in working capital.
  • Market Expansion: SPD Smart Glass technology is gaining traction in the automotive, architectural, and aerospace sectors, with partnerships like Ferrari and Cadillac. The retrofit system, featuring black SPD film, is expected to drive future growth.
  • Key Developments: The architectural retrofit system debuted at Glass Build 2025, attracting government and commercial customers. The company plans to leverage major trade shows like GlassTech 2026 in Düsseldorf.
  • Financial Health: No capital raise plans, with cash reserves of $1.13 million as of September 30, 2025. Royalty income from automotive partners like Ferrari and Cadillac is stable despite licensee transitions.
  • Strategic Focus: SPD technology outperforms competitors in clarity, shading, and control, with a focus on high-performance products. The company is exploring AI-driven innovations for smart glass applications.
EPS
Revenue

Revenue & Expenses

REFR has released its 2025 Q3 earnings report, with revenue of 359.44K, reflecting a YoY change of 1.42%, and net profit of -298.51K, showing a YoY change of -78.94%. The Sankey diagram below clearly presents REFR's revenue sources and cost distribution.

Key Indicators

Research Frontiers (REFR) key financial stats and ratios, covering profitability, financial health, and leverage.
Research Frontiers (REFR)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Research Frontiers (REFR)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Research Frontiers (REFR)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Research Frontiers (REFR) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Research Frontiers (REFR) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield