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
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)
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
10-K
2022 FY
Annual report
9 Mar 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Entry into a Material Definitive Agreement
20 Sep 22
Transcripts
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 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
REFR
Earnings call transcript
2022 Q1
7 May 22
REFR
Earnings call transcript
2022 Q1
5 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
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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) | 524.99 k | 524.99 k | 524.99 k | 524.99 k | 524.99 k | 524.99 k |
Cash burn (monthly) | 997.53 k | 356.10 k | 171.27 k | 195.67 k | 174.47 k | 192.79 k |
Cash used (since last report) | 6.84 mm | 2.44 mm | 1.17 mm | 1.34 mm | 1.20 mm | 1.32 mm |
Cash remaining | -6.32 mm | -1.92 mm | -649.96 k | -817.34 k | -671.90 k | -797.61 k |
Runway (months of cash) | -6.3 | -5.4 | -3.8 | -4.2 | -3.9 | -4.1 |
Institutional ownership, Q2 2023
9.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 39 |
Opened positions | 10 |
Closed positions | 2 |
Increased positions | 7 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 3.57 bn |
Total shares | 3.22 mm |
Total puts | 0.00 |
Total calls | 600.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Douglas Kevin | 770.28 k | $2.90 mm |
BLK Blackrock | 639.48 k | $1.02 bn |
Vanguard | 508.17 k | $813.07 mm |
Geode Capital Management | 214.68 k | $343.48 mm |
Shufro Rose & Co | 143.75 k | $230.00 mm |
Millennium Management | 137.31 k | $219.69 mm |
HRT Financial | 116.71 k | $186.00 k |
STT State Street | 105.62 k | $169.00 mm |
Jane Street | 58.84 k | $94.14 mm |
NTRS Northern Trust | 57.28 k | $91.65 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
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 |
31 Dec 23 | Harary Joseph M | Stock Option Common Stock | Grant | Acquire A | No | No | 1.02 | 60,000 | 61.20 k | 289,700 |
31 Dec 23 | Daigle Darryl | Stock Option Common Stock | Grant | Acquire A | No | No | 1.02 | 45,000 | 45.90 k | 295,335 |
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