Research Frontiers Inc (REFR)
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-11-04
$0.38+10.10%
Close 2026-11-04 · 1-day change
NASDAQInformation TechnologyHardware, Equipment & PartsSnapshot 2026-11-04
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 | 104.0% |
| 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 2026-11-04.
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 127.8 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 24 industry peers
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: Nasdaq flagged REFR in June after its share price stayed below listing rules for 30 business days. A clear path to compliance would ease this risk.
Watch forThe Nov. 5 report names a clear step and deadline to regain Nasdaq compliance, with no new deficiency notice.
Also watch forThe report says REFR has not met Nasdaq's rules. Or Nasdaq issues another deficiency notice.
Why it matters: REFR has ongoing losses and has already raised money through a share sale. Another sale would add more shares and point to funding pressure.
Worry ifA filing or company release announces another share sale to fund operations. Losses or cash use have not fallen yet.
Less concerning ifThe next report shows a smaller operating loss and no new share sale.
Why it matters: REFR raised $1.1 million by selling shares at $1.00. Continued losses make cash use and any new funding needs important.
Watch forThe Nov. 5 report gives cash and spending figures showing enough funds for operations, with no new share sale announced.
Also watch forThe report shows cash falling fast. Or REFR announces another share sale to fund operations.
Why it matters: Losses have persisted for eight quarters. A smaller loss would show progress; a larger one could raise cash needs.
Watch forOperating loss is smaller than $669,754, the 2026-Q2 loss.
Also watch forOperating loss exceeds $669,754. Or cash from operations stays negative.
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 | ±$315 on $10,000 · ±3.2% | How much price usually moves either way. |
| Bad day | $910 loss on $10,000 · 9.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $8,319 loss on $10,000 · 83.2% | 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.