Research Frontiers Inc (REFR)
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-09-04
$0.41+1.12%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-09-04
QuarterlyIQ Insights · REFR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 158.3% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| -23.9% |
Growth built into the price is above our model estimate.
The price assumes 182.2 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 41 industry peers · Company calendar date is not available
REFR — legal / regulatory event — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standar…
Dated 2026-06-05
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 2, 2026, Research Frontiers Incorporated (the “Company”) received two deficiency notification letters from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The first notification letter advised the Company that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business days from April 15, 2026 to June 1, 2026, the Com…
Why it matters: Falling revenue growth could signal deeper issues in REFR's business model.
Worry ifRevenue growth for REFR falls below the median growth rate for the sector.
Less concerning ifRevenue growth for REFR remains above the median growth rate for the sector.
Why it matters: Raising capital is crucial for operations. Failure to raise funds could worsen financial health.
Supportive ifThe company raises more money through a new private placement.
Worry ifThe company fails to raise the targeted capital amount in the next funding round.
Why it matters: A delisting could limit trading. This may hurt investor confidence in Research Frontiers.
Worry ifNasdaq says Research Frontiers has met the listing requirements to stay listed.
Less concerning ifNasdaq has removed Research Frontiers from trading.
Why it matters: How the company addresses the delisting notice will impact its stock's future.
Worry ifThe company fixes the delisting notice. It keeps its Nasdaq listing.
Less concerning ifThe company does not fix the delisting notice. It gets delisted.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$184 on $10,000 · ±1.8% | How much price usually moves either way. |
| Bad day | $882 loss on $10,000 · 8.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $8,347 loss on $10,000 · 83.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The company received a notice about failing to meet Nasdaq standards. This affects its ability to stay listed.
Worry ifThe company keeps its closing bid price above $1.00 for 30 straight business days.
Less concerning ifThe closing bid price stays below $1.00 for another 30 straight business days.
Why it matters: The company needs to address its Nasdaq listing deficiency to stay listed. Failure to comply could lead to delisting.
Worry ifA public announcement will confirm compliance with Nasdaq rules in the next quarter.
Less concerning ifMore notices from Nasdaq show ongoing failure to meet listing rules.
Why it matters: The company needs more money to keep running while it loses money.
Supportive ifThe company announced it has new private funding.
Worry ifNo new money raising announced and losses keep happening.
Why it matters: Keeping the Nasdaq listing is important for getting money and for investor trust.
Worry ifThe company announced it meets Nasdaq listing rules.
Less concerning ifMore notices from Nasdaq about not meeting listing rules.
Why it matters: Ongoing losses hurt financial health and how investors feel.
Worry ifOperating losses get worse beyond -$669,754 reported in Q2 2026.
Less concerning ifOperating losses get better or stay the same compared to Q2 2026.