Research Frontiers Inc
Research Frontiers Inc (REFR) is a small-cap developer and licensor of SPD® (suspended particle device) light-control technology, with a market capitalisation of about $56.87M. The company primarily earns income through licences, royalties and development partnerships rather than mass manufacturing, giving it a high-margin intellectual property profile but creating dependence on partner adoption and long sales cycles. Investors should know the business is niche — applications include smart glass for automotive, architecture, aviation and speciality lighting — and progress often arrives in measured steps as manufacturers integrate the technology. Key drivers include new licence agreements, successful OEM rollouts and manufacturing scale-up. Key risks are limited liquidity, modest revenue scale, execution and patent risks, and typical small‑cap volatility. This is educational information only and not personal financial advice; suitability depends on individual circumstances and past performance is not a reliable guide to future returns.
Stock Performance Snapshot
Financial Health
Research Frontiers Inc has low revenue and modest cash flow, raising concerns about its financial health.
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Explore BasketWhy You’ll Want to Watch This Stock
Licensing Model Appeal
High-margin IP licensing can scale without heavy manufacturing, though progress depends on partner adoption and long sales cycles.
Niche Market Reach
Applications span automotive, architectural and aviation glass — offering targeted growth opportunities while adoption may be gradual.
Technology Momentum
SPD tech can improve comfort and energy efficiency; new OEM deals could be catalysts, yet execution and commercialisation risks remain.
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