REFR
RESEARCH FRONTIERS INC
NASDAQ · Technology · Hardware, Equipment & Parts · US
$0.41
+1.12%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 654.2K | 1.1M | 1.3M | 909.6K | 539.7K |
| Cost of Revenue | 88.0K | 186.7K | 263.6K | 2.4M | — |
| Gross Profit | 566.2K | 934.6K | 1.1M | (1.5M) | 539.7K |
| Operating Expenses | |||||
| R&D Expense | 551.0K | 30.4K | 570.0K | 583.3K | 609.1K |
| SG&A Expense | — | 505.0K | 400.1K | — | — |
| General & Admin Expense | — | 269.8K | 232.4K | — | — |
| Selling & Marketing Expense | — | 235.2K | 167.6K | — | — |
| Other Expenses | 2.3M | 2.5M | 1.5M | — | 2.6M |
| Total Operating Expenses | 2.8M | 3.1M | 2.5M | 583.3K | 3.2M |
| Cost and Expenses | 2.9M | 3.3M | 2.8M | 2.9M | 3.2M |
| Operating Income (EBIT) | (2.3M) | (2.1M) | (1.4M) | (2.0M) | (2.6M) |
| Non-Operating | |||||
| Interest Income | 20.1K | 39.2K | 95.3K | 124.9K | — |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 20.1K | 39.2K | 95.3K | 124.9K | — |
| Other Non-Op Income/Expense | 28.1K | 86.6K | 130.5K | 124.9K | (44.2K) |
| Non-Operating Income (excl Interest) | (18.5K) | (86.6K) | (130.5K) | (124.9K) | 44.2K |
| EBT (Pre-Tax Income) | (2.2M) | (2.0M) | (1.3M) | (1.9M) | (2.7M) |
| Income Tax Expense | — | — | — | — | — |
| Bottom Line | |||||
| Net Income | (2.2M) | (2.0M) | (1.3M) | (1.9M) | (2.7M) |
| Earnings from Cont. Ops | (2.2M) | (2.0M) | (1.3M) | (1.9M) | (2.7M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (2.2M) | (2.0M) | (1.3M) | (1.9M) | (2.7M) |
| Per Share | |||||
| Basic EPS | ($0.07) | ($0.06) | ($0.04) | ($0.06) | ($0.08) |
| Diluted EPS | ($0.07) | ($0.06) | ($0.04) | ($0.06) | ($0.08) |
| Revenue Per Share | $0.02 | $0.03 | $0.04 | $0.03 | $0.02 |
| Shares | |||||
| Basic Shares Outstanding | 34.9M | 33.6M | 33.5M | 33.5M | 32.1M |
| Diluted Shares Outstanding | 34.9M | 33.6M | 33.5M | 33.5M | 32.1M |
| Profitability Metrics | |||||
| EBITDA | (2.1M) | (1.9M) | (1.0M) | (1.7M) | (2.5M) |
| D&A | 181.6K | 186.7K | 263.6K | 172.1K | 175.2K |
| EBIT | (2.3M) | (2.0M) | (1.3M) | (1.9M) | (2.7M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026