research frontiers inc., the developers and licensors of spd-smartglass™, have built an infrastructure of over 40 licensees worldwide that collectively are capable of serving the growing global demand for smart glass products in automobiles, homes, buildings, aircraft, boats and display applications. in suspended particle devices (spds), a thin film laminate of rod-like nano-scale particles is suspended in a liquid and placed in between two pieces of glass or plastic, or attached to one layer. when no voltage is applied, the suspended particles are randomly organized, thus blocking and absorbing light. when voltage is applied, the suspended particles align and let light pass. varying the voltage of the film varies the orientation of the suspended particles, thereby regulating the tint of the glazing and the amount of light transmitted. spds can be manually or automatically "tuned" to precisely control the amount of light, glare and heat passing through, reducing the need for air condi
![Research Frontiers logo](/files/LOGO/793524-REFR.png)
Company profile
Ticker
REFR
Exchange
Website
CEO
Joseph M. Harary
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
SPD Enterprises, Inc. ...
IRS number
112103466
REFR stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
14 Jun 24
10-Q
2024 Q1
Quarterly report
9 May 24
DEF 14A
Definitive proxy
26 Apr 24
10-K
2023 FY
Annual report
7 Mar 24
10-Q
2023 Q3
Quarterly report
2 Nov 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 23
8-K
Joins Board of Directors of Smart Glass Leader Research Frontiers
5 Jun 23
10-Q
2023 Q1
Quarterly report
4 May 23
DEF 14A
Definitive proxy
28 Apr 23
Transcripts
REFR
Earnings call transcript
2024 Q1
9 May 24
REFR
Earnings call transcript
2023 Q4
7 Mar 24
REFR
Earnings call transcript
2023 Q3
2 Nov 23
REFR
Earnings call transcript
2023 Q2
3 Aug 23
REFR
Earnings call transcript
2023 Q2
3 Aug 23
REFR
Earnings call transcript
2023 Q1
4 May 23
REFR
Earnings call transcript
2023 Q1
4 May 23
REFR
Earnings call transcript
2022 Q4
9 Mar 23
REFR
Earnings call transcript
2022 Q3
3 Nov 22
REFR
Earnings call transcript
2022 Q2
6 Aug 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.09 mm | 2.09 mm | 2.09 mm | 2.09 mm | 2.09 mm | 2.09 mm |
Cash burn (monthly) | 127.50 k | (no burn) | 156.58 k | 167.85 k | 130.37 k | 174.09 k |
Cash used (since last report) | 492.95 k | n/a | 605.39 k | 648.95 k | 504.05 k | 673.06 k |
Cash remaining | 1.60 mm | n/a | 1.49 mm | 1.44 mm | 1.59 mm | 1.42 mm |
Runway (months of cash) | 12.6 | n/a | 9.5 | 8.6 | 12.2 | 8.2 |
Institutional ownership, Q1 2024
3.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 11 |
Opened positions | 7 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 253.47 mm |
Total shares | 997.47 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Douglas Kevin | 770.28 k | $2.90 mm |
Shufro Rose & Co | 137.00 k | $178.10 mm |
Benedetti & Gucer | 20.18 k | $26.00 k |
Next Level Private | 16.00 k | $20.80 mm |
Raymond James Financial Services Advisors | 15.94 k | $20.72 mm |
Sequoia Financial Advisors | 12.85 k | $16.71 mm |
Cambridge Investment Research Advisors | 12.00 k | $16.00 k |
HB Wealth Management | 10.00 k | $13.00 mm |
Simplex Trading | 2.30 k | $2.00 k |
BNP Paribas Arbitrage | 801.00 | $1.04 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Jun 24 | Kaganowicz Alexander | Common Stock | Buy | Acquire P | No | No | 1.94 | 2,000 | 3.88 k | 164,923 |
7 Jun 24 | Daigle Darryl | Common Stock | Buy | Acquire P | Yes | No | 1.74 | 4,300 | 7.48 k | 33,926 |
7 Feb 24 | Daigle Darryl | Common Stock | Buy | Acquire P | Yes | No | 1 | 1,000 | 1.00 k | 4,269 |
31 Dec 23 | Michael R Lapointe | Stock Option Common Stock | Grant | Acquire A | No | No | 1.02 | 6,000 | 6.12 k | 41,950 |
31 Dec 23 | Kaganowicz Alexander | Stock Option Common Stock | Grant | Acquire A | No | No | 1.02 | 45,000 | 45.90 k | 295,337 |
News
12 Information Technology Stocks Moving In Thursday's Pre-Market Session
4 Jul 24
12 Information Technology Stocks Moving In Monday's After-Market Session
10 Jun 24
12 Information Technology Stocks Moving In Friday's Intraday Session
24 May 24
Research Frontiers Q1 EPS $(0.01), Same YoY, Sales $313.38K Up From $248.18K YoY
9 May 24
Press releases
Research Frontiers and AIT Group Unveil Revolutionary Retrofittable SPD-SmartGlass Window At AIA Conference on Architecture & Design in Washington DC
6 Jun 24
Research Frontiers Reports First Quarter 2024 Financial Results and Will Host a Conference Call at 5:30p.m. Today
9 May 24
RESEARCH FRONTIERS TO HOST FIRST QUARTER 2024 CONFERENCE CALL
6 May 24