Research Frontiers financials
$0.6987−9.78%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.3M | $909.6K | $539.7K | $1.3M | $828.5K | $1.6M | $1.5M | $1.5M | $1.2M |
| Gross profit | $1.1M | $1.3M | $909.6K | $539.7K | $1.3M | $828.5K | $1.6M | $1.5M | $1.5M | $1.2M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$2.1M | -$1.4M | -$2.0M | -$2.6M | -$1.8M | -$2.6M | -$3.1M | -$2.4M | -$2.4M | -$4.3M |
| Net income | -$2.0M | -$1.3M | -$1.9M | -$2.7M | -$1.8M | -$2.3M | -$3.8M | -$2.7M | -$2.4M | -$4.2M |
| Net margin | −182.4% | −98.2% | −209.8% | −494.6% | −146.2% | −282.6% | −243.5% | −180.4% | −160.0% | −342.9% |
| Diluted EPS | $-0.06 | $-0.04 | $-0.06 | $-0.08 | $-0.06 | $-0.07 | $-0.13 | $-0.10 | $-0.10 | $-0.18 |
| EBITDA | -$2.1M | -$1.4M | -$2.0M | -$2.4M | -$1.7M | -$2.5M | -$3.0M | -$2.2M | -$2.2M | -$4.1M |
| Operating cash flow | -$1.3M | -$788.8K | -$2.3M | -$2.2M | -$1.8M | -$2.3M | -$2.1M | -$2.1M | -$1.5M | -$4.0M |
| Free cash flow | -$1.3M | -$790.4K | -$2.3M | -$2.2M | -$1.8M | -$2.3M | -$2.1M | -$2.1M | -$1.5M | -$4.0M |
| Diluted shares | 33.6M | 33.5M | 33.5M | 32.1M | 31.6M | 31.5M | 30.0M | 26.0M | 24.0M | 24.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $664.3K | $2.0M | $2.5M | $4.2M | $270.0K | $4.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $2.8M | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $2.3M | $4.0M | $3.9M | $5.4M | $4.5M | $6.2M |
| Total liabilities | $1.3M | $1.4M | $332.8K | $569.6K | $762.1K | $872.3K |
| Shareholders' equity | $933.6K | $2.6M | $3.5M | $4.8M | $3.8M | $5.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
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