Analysis updated on Oct. 14, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
On Oct. 14, 2026, REFR is rated Neutral: its 90-day Total forecast sits in the middle 30% of the 4009 stocks scored that day.
Research Frontiers Inc is a small-cap company with a market capitalization of $21M. It ranks number 8 by market capitalization among the 10 Patent Owners & Lessors issuers in our coverage with a current forecast. Its P/B Ratio of 18.38x is the highest of the 9 peers that report one. Its ROE of -200.3% is the lowest of the 10 peers that report one.
A per-ticker accuracy statistic for REFR is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +4.5%, buy ≥ +3.4%, sell < +2.1%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-14 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, REFR included.
Follow REFR free90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Patent Owners & Lessors peers listed below that report each metric.
| Metric | REFR | Rank |
|---|---|---|
| Market Cap | $21M | 8/10 |
| P/B Ratio | 18.38x | 1/9 |
| EPS | $-0.06 | – |
| Book Value/Share | $0.03 | – |
| Revenue/Share | $0.02 | – |
| FCF/Share | $-0.04 | – |
| Metric | REFR | Rank |
|---|---|---|
| ROE | -200.3% | 10/10 |
| ROA | -90.9% | 10/10 |
| ROIC | -110.3% | 12/12 |
| Operating Margin | -348.1% | 9/10 |
| Net Margin | -343.9% | 7/9 |
| EBT Margin | -384.8% | 9/10 |
| Metric | REFR | Rank |
|---|---|---|
| Current Ratio | 3.54x | 4/12 |
| D/E Ratio | 1.20x | 5/11 |
| Financial Leverage | 2.20x | 5/11 |
| Working Capital | $1M | 8/12 |
| Metric | REFR | Rank |
|---|---|---|
| Operating Cash Flow | -$2M | 7/12 |
| Free Cash Flow | -$2M | 4/5 |
| Capital Spending | $0.00M | 1/5 |
| FCF/Sales | -238.7% | – |
| CapEx/Sales | 0.1% | – |
| Metric | REFR | Rank |
|---|---|---|
| Asset Turnover | 0.26x | 7/8 |
| Receivables Turnover | 3.1x | 5/7 |
| Fixed Assets Turnover | 228.2x | 2/8 |
| Days Sales Outstanding | 116 days | 3/8 |
| Metric | REFR | Rank |
|---|---|---|
| Total Revenue | $0.00M | 7/8 |
| Operating Income | -$2M | 7/12 |
| Net Income | -$2M | 6/10 |
| R&D Expense | $550K | – |
| Metric | REFR | Rank |
|---|---|---|
| Shares Outstanding | 35M | – |
| Total Current Assets | $1M | 59.0% of assets |
| Cash & Short-term Investments | $1M | 44.1% of assets |
| Accounts Receivable | $210K | 8.5% of assets |
| Total Liabilities | $1M | 54.6% of assets |
| Short-term Debt | $280K | 11.3% of assets |
Companies classified under the same SEC industry code as Research Frontiers Inc (Patent Owners & Lessors): 12 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| REFR Research Frontiers Inc | ▶ | $21M |
| IDCC Interdigital, Inc. | ▶ | $8.59B |
| DLB Dolby Laboratories, Inc. | ▶ | $5.47B |
| APPS Digital Turbine, Inc. | ▲ | $1.25B |
| ACTG Acacia Research Corp | ▶ | $429M |
| JYNT Joint Corp | ▲ | $99M |
| VHC Virnetx Holding Corp | ▲ | $46M |
| NTIP Network-1 Technologies, Inc. | ▶ | $35M |
| XELB Xcel Brands, Inc. | ▲ | $3M |
| AMOD Alpha Modus Holdings, Inc. | ▼ | $2M |
| AERA Ai Era Corp. | ▶ | N/A |
| RMCO Royalty Management Holding Corp | ▶ | N/A |
Good afternoon, ladies and gentlemen. Welcome to Research Frontiers Investor Conference Call to discuss the First Quarter of 2024 Results of Operations and Recent Developments. During today's ...
Research Frontiers Inc (NASDAQ:REFR) reported substantial sales growth of SPD smart glass sunroofs to Cadillac in Q2 2025, significantly higher than the combined sales of Q4 2024 and Q1 2025. The ...
Research Frontiers Inc (NASDAQ:REFR) maintained production continuity in the automotive sector through licensee transitions, expanding OEM engagement, and cost reductions. The company successfully ...
On Oct. 14, 2026, REFR is rated Neutral: its 90-day Total forecast sits in the middle 30% of the 4009 stocks scored that day.
A per-ticker accuracy statistic for REFR is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Research Frontiers Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 14, 2026.
12 issuers in our coverage, REFR included, share the SEC industry code Patent Owners & Lessors. The largest are: Interdigital, Inc. (IDCC), Dolby Laboratories, Inc. (DLB), Digital Turbine, Inc. (APPS), Acacia Research Corp (ACTG), Joint Corp (JYNT), Virnetx Holding Corp (VHC).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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