NASDAQ · REFRFinancialsPatent Owners & Lessors

Research Frontiers Inc (REFR)

$0.3849+10.10%
Close Nov 4, 2026 · split-adjusted
Nov 4, 2026$0.38▼ 78.01% in range
Nov 4, 2025Low $0.35 · High $2.08Nov 4, 2026
What changed · written from our data
As of Nov 4, 2026

Research Frontiers closed at $0.38 on Nov 4, up 10.10%, 81.5% below its 52-week closing high. Volume of 39.1K shares was 0.37× its 20-day average (below normal).

Split-adjusted performance: -46.3% over one month, -56.1% over six months, -79.5% over one year.

In the quarter ended Jun 30, 2026, revenue was $86.35K, down 33.5% from a year earlier, with a net margin of -764.6%.

Short interest was 591.4K shares at the Oct 15 settlement, down 42.2% from the prior report (2.1% of float, 3.9 days to cover).

Market cap$13.4M34.9M shares
Revenue · quarter$86.3K−33.5% YoY
Diluted EPS$-0.02—
P/E · TTM—P/S 20.5×
Net margin-764.6%Gross 100.0%
Dividend yieldNone
52-week range0.35 – 2.08−81.5% from high
Volume39.1K0.37× 20-day avg
Volatility · 60d140.4%Annualised
Short % of float2.1%3.9 days to cover
Net cash$1.1MCash $1.1M
Next earnings—Not scheduled
Split-adjusted performance
1W −12.5%1M −46.3%3M −17.7%6M −56.1%YTD −70.6%1Y −79.5%3Y −63.9%5Y −83.3%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Patent Owners & Lessors

Percentile among 11 companies (100 = best)

6-month momentum20
Revenue growth13
Net margin0
Value (low P/E)—
Size20

Industry medians: 6-month return −14.7%, revenue growth +14.4%, net margin 2.2%, P/E 26.9×.

Short interest

Details →
Shares short591.4K−42.2% vs prior
Days to cover3.9Settled Oct 15
% of float2.1%
Short vol. 10d33.6%of daily volume

Closest peers by size in Patent Owners & Lessors

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
REFRResearch Frontiers$0.3849+10.10%−56.1%−33.5%−764.6%—$13.4M
AMODAlpha Modus Holdings$1.07+2.88%−87.9%———$5.3MCompare
RMCORoyalty Management Holding$2.29+2.42%−20.9%+38.0%20.5%—$34.8MCompare
NTIPNetwork-1 Technologies$1.60+4.58%+6.0%———$36.6MCompare
VHCVirnetX Holding$9.65+3.32%−24.8%−100.0%——$40.5MCompare
XELBXCEL BRANDS$0.4000+5.26%−83.5%−15.1%−220.9%—$2.8MCompare
JYNTThe Joint$7.51+4.31%−14.7%+14.4%4.3%28.0$106.2MCompare
ACTGAcacia Research$4.36+2.11%−14.0%+123.6%0.0%—$425.5MCompare
APPSDigital Turbine$9.54+3.81%+139.7%+26.8%−6.8%—$1.16BCompare

Quick answers

What does Research Frontiers do?
Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products.
What is REFR's market cap?
$13.42M, based on the Nov 4 close of $0.38.
Does Research Frontiers pay a dividend?
No regular cash dividend has been paid in the last year.
How much of REFR is sold short?
591.4K shares, 2.1% of float, as of Oct 15, 2026.
What sector is REFR in?
Financials, in the Patent Owners & Lessors industry.

About Research Frontiers

Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products. The company's revenue source comes from the licensing of technology.

HQ: Woodbury, NY5 employeesListed Jul 8, 1986smartglass.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology