Research Frontiers is an American nanotechnology company based in Woodbury, New York that was founded by Robert Saxe in 1965 to develop light control technology from Polaroid known as smart glass. The company develops and licenses its patented SPD-SmartGlass technology. The company currently has six full-time employees.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| REFR | RESEARCH FRONTIERS INC | 2026-10-07 14:59:21 | 0.68 | -0.04 | -5.82 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REFR | 0000793524 | RESEARCH FRONTIERS INC | US7609111072 | — | 112103466 | Nasdaq | 6794 | Patent Owners & Lessors | 1231 | DE | 240 CROSSWAYS PARK DR | WOODBURY | NY | 11797-2033 | UNITED STATES | US | 5163641902 | 240 CROSSWAYS PARK DR, WOODBURY, NY, 11797-2033 | 240 CROSSWAYS PARK DR, WOODBURY, NY, 11797-2033 | — | Nanotechnology | 1965 | Joseph Harary | — | http://www.smartglass.com | 47,011,960 | 34,867,786 | 34,867,786 | Research Frontiers is an American nanotechnology company based in Woodbury, New York that was founded by Robert Saxe in 1965 to develop light control technology from Polaroid known as smart glass. The company develops and licenses its patented SPD-SmartGlass technology. The company currently has six full-time employees. | 2026-10-01 22:48:13 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 47,011,960 | -5,427,979 | -10.3508 | 34,748,221 | 1,100,000 | 3.2691 |
| 2024 | 52,439,939 | 666,131 | 1.2866 | 33,648,221 | 138,934 | 0.4146 |
| 2023 | 51,773,808 | 2,285,528 | 4.6183 | 33,509,287 | 0 | 0 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Joseph M. Harary | Chief Executive Officer, President | 2025 | 625,000 | 0 | — | 18,000 | 48,077 | 754,777 |
| Michael R. Lapointe | Vice President | 2025 | 27,846 | 0 | — | 30,884 | 3,077 | 61,807 |
| Michael R. Lapointe | Vice President | 2024 | 40,000 | 0 | — | 0 | 0 | 46,360 |
| Joseph M. Harary | Chief Executive Officer, President | 2024 | 625,000 | 0 | — | 35,093 | 43,269 | 766,962 |
| Joseph M. Harary | Chief Executive Officer, President | 2023 | 500,000 | 0 | — | 100,000 | 38,462 | 699,662 |
| Fiscal Year | Employee Count |
|---|---|
| 2025 | 5 |
| 2024 | 6 |
| 2023 | 6 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 1,121,248 | 1,335,531 | 909,598 |
| Cost Of Revenue | — | — | — |
| Gross Profit | 1,121,248 | 1,335,531 | 909,598 |
| Research And Development Expenses | 608,732 | 570,007 | 583,266 |
| General And Administrative Expenses | — | — | — |
| Operating Expenses | 3,253,416 | 2,777,404 | 2,942,900 |
| Operating Income | -2,132,168 | -1,441,873 | -2,033,302 |
| Net Income | -2,045,584 | -1,311,382 | -1,908,364 |
| Earnings Per Share Basic | -0.06 | -0.04 | -0.06 |
| Earnings Per Share Diluted | -0.06 | -0.04 | -0.06 |
| Weighted Average Shares Outstanding Basic | 33,648,221 | 33,520,904 | 33,453,627 |
| Weighted Average Shares Outstanding Diluted | 33,648,221 | 33,520,904 | 33,453,627 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 664,299 | 1,994,186 | 2,475,958 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 408,666 | 658,213 | 1,003,404 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | 70,969 | 93,490 | 96,784 |
| Total Assets Current | 1,143,934 | 2,745,889 | 3,576,146 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 3,393 | 15,052 | 39,598 |
| Other Assets Non Current | 56,066 | 56,066 | 56,066 |
| Total Assets Non Current | 1,107,811 | 1,293,758 | 274,379 |
| Total Assets | 2,251,745 | 4,039,647 | 3,850,525 |
| Accounts Payable | 132,666 | 85,825 | 50,880 |
| Deferred Revenue | 0 | 0 | — |
| Short Term Debt | — | — | — |
| Other Liabilities Current | 19,168 | 53,327 | 14,192 |
| Total Liabilities Current | 297,877 | 269,027 | 277,431 |
| Long Term Debt | — | — | — |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | 1,020,242 | 1,166,285 | 55,363 |
| Total Liabilities | 1,318,119 | 1,435,312 | 332,794 |
| Common Stock | 3,365 | 3,365 | 3,351 |
| Retained Earnings | -127,621,807 | -125,576,223 | -124,264,841 |
| Accumulated Other Comprehensive Income | — | — | — |
| Total Shareholders Equity | 933,626 | 2,604,335 | 3,517,731 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 11,478 | 14,978 | 27,348 |
| Share Based Compensation Expense | 374,875 | 89,316 | 144,728 |
| Other Non Cash Income Expense | — | — | — |
| Change In Accounts Receivable | -95,294 | -320,190 | 508,805 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | -22,521 | -3,294 | -4,189 |
| Change In Accounts Payable | 12,681 | 74,080 | -40,386 |
| Change In Other Liabilities | — | — | — |
| Cash From Operating Activities | -1,329,161 | -788,819 | -2,295,051 |
| Purchases Of Marketable Securities | — | — | 5,434,386 |
| Sales Of Marketable Securities | — | — | 5,491,535 |
| Acquisition Of Property Plant And Equipment | 726 | 1,623 | 1,558 |
| Acquisition Of Business | — | — | — |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | -726 | -1,623 | 55,591 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | — | 300,000 | — |
| Repurchase Of Common Stock | — | — | — |
| Issuance Of Long Term Debt | — | — | — |
| Repayment Of Long Term Debt | — | — | — |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | 0 | 308,670 | 484,502 |
| Change In Cash | -1,329,887 | -481,772 | -1,754,958 |
| Cash At End Of Period | 664,299 | 1,994,186 | 2,475,958 |
| Income Taxes Paid | — | — | — |
| Interest Paid | — | — | — |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | -0.06 | -0.04 | -0.06 |
| Price To Earnings Ratio | -21.8333 | -42.75 | -16.8333 |
| Earnings Growth Rate | 50 | -33.3333 | -25 |
| Price Earnings To Growth Ratio | -0.4367 | 1.2825 | 0.6733 |
| Book Value Per Share | 0.0277 | 0.0777 | 0.1052 |
| Price To Book Ratio | 47.2129 | 22.0097 | 9.6051 |
| Ebitda | -2,034,106 | -1,296,404 | -1,881,016 |
| Enterprise Value | — | — | — |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | — | — | — |
| Capital Expenditures | -181 | -9,568 | 1,558 |
| Free Cash Flow | -1,328,980 | -779,251 | -2,296,609 |
| Return On Equity | -2.191 | -0.5035 | -0.5425 |
| One Year Beta | 0.6154 | 0.7292 | 0.574 |
| Three Year Beta | 0.628 | 0.4494 | 0.5287 |
| Five Year Beta | 0.5731 | 0.6822 | 0.6884 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Kaganowicz Alexander | Director | 2025-12-31 | 45,000 | A | 361,000 |
| HARARY JOSEPH M | Director, President and CEO | 2025-12-31 | 65,000 | A | 355,000 |
| Daigle Darryl | Director | 2025-12-31 | 45,000 | A | 361,000 |
| Peso Eyal | Director | 2024-12-31 | 45,000 | A | 90,000 |
| Kaganowicz Alexander | Director | 2024-12-31 | 45,000 | A | 327,495 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| STATE STREET CORP | 2026-06-30 | 54,924 | 105,623 | 0.52 |
| CITADEL ADVISORS LLC | 2026-06-30 | 6,864 | 13,200 | 0.52 |
| MERCER GLOBAL ADVISORS INC /ADV | 2026-06-30 | 7,280 | 14,000 | 0.52 |
| Kingsview Wealth Management, LLC | 2026-06-30 | 8,918 | 17,150 | 0.52 |
| Schonfeld Strategic Advisors LLC | 2026-06-30 | 7,205 | 13,857 | 0.52 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | INSTITUTIONAL SHARES | VBAIX | 9,423 | 4,899.96 | 0.0 |
| VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | ADMIRAL SHARES | VBIAX | 9,423 | 4,899.96 | 0.0 |
| VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | INVESTOR SHARES | VBINX | 9,423 | 4,899.96 | 0.0 |
| VANGUARD INDEX FUNDS | 2026-06-30 | Institutional Select Shares | VSTSX | 288,587 | 150,065.24 | 0.0 |
| VANGUARD INDEX FUNDS | 2026-06-30 | Institutional Plus Shares | VSMPX | 288,587 | 150,065.24 | 0.0 |