REFR · Research Frontiers Inc · Financials
The latest filing states the doubt was alleviated.
“Based upon the Company's current working capital, recurring losses and negative cash flow from operations, if the Company is unable to generate sufficient cash from operating activities, collect amounts owed to it by third parties, or raise additional funds for a period of 12 months from the issuance of these condensed consolidated financial statements, this raises substantial doubt about the Company's ability to continue as a going concern. To alleviate this substantial doubt, the Company expects to generate sufficient cash flow from operations through increased use of its SPD Technology by existing licensees, through the Company entering into new license agreements, as well as through the collection of amounts owed to it, and, as a result, the Company does not expect that it will need to raise additional capital over the next 12 months.”View the 10-Q filed Aug 6, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $654.23K | $1.12M | $1.34M | $909.6K | $539.69K | $1.26M | $828.45K | $1.56M | $1.49M | $1.51M | $1.24M | $2.01M | $1.6M | — | — | — | — | — | |
| $551K | $608.73K | $570.01K | $583.27K | $609.13K | $580K | $628.3K | $1.04M | $863.4K | $799.7K | $1.42M | $1.59M | $1.62M | $2.2M | $1.67M | $1.39M | $1.4M | $1.55M | |
| $2.98M | — | — | — | — | — | — | — | — | $3.13M | $4.09M | $4.74M | $4.43M | $6.04M | $4.1M | $3.62M | $3.25M | $3.18M | |
| $6216 | $11.48K | $14.98K | $14.75K | $28.84K | $29.9K | $67.08K | $195.38K | $181.05K | $175.64K | $188.5K | $140.17K | $31.82K | $45.21K | $34.96K | $39.86K | $44.32K | $40.08K | |
| $2.93M | $3.25M | $2.78M | $2.94M | $3.16M | $3.1M | $3.41M | $4.71M | $3.91M | $3.93M | $5.5M | $6.33M | $6.05M | $8.24M | $5.77M | $5.01M | $4.66M | $4.73M | |
| -$2.28M | -$2.13M | -$1.44M | -$2.03M | -$2.63M | -$1.84M | -$2.58M | -$3.15M | -$2.42M | -$2.42M | -$4.27M | -$4.32M | -$4.45M | -$6.08M | -$3.82M | -$4.16M | -$3.89M | -$4.02M | |
| — | -190.16% | -107.96% | -223.54% | -486.42% | -145.59% | -311.11% | -201.36% | -162.44% | -160.27% | -345.28% | -215.35% | -278.26% | — | — | — | — | — | |
| -$2.27M | -$2.12M | -$1.43M | -$2.02M | -$2.6M | -$1.81M | -$2.51M | -$2.95M | -$2.24M | -$2.24M | -$4.08M | -$4.18M | -$4.42M | -$6.03M | -$3.78M | -$4.12M | -$3.85M | -$3.98M | |
| $6459 | — | — | — | — | — | $34.47K | $43.05K | $10.14K | $4752 | $29.54K | $43.32K | $35.16K | $38.15K | $33.17K | $29.27K | $15.52K | $20.63K | |
| $28.05K | $39.23K | $95.34K | $124.94K | -$44.22K | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | -$4.41M | -$6.04M | -$3.78M | -$4.13M | -$3.87M | — | |
| $0 | — | — | — | — | — | — | — | — | — | — | — | — | — | -$613.4K | $0 | $0 | — | |
| -$2.25M | -$2.05M | -$1.31M | -$1.91M | -$2.67M | -$1.85M | -$2.34M | -$3.81M | -$2.69M | -$2.41M | -$4.24M | -$4.28M | -$4.41M | -$6.04M | -$3.17M | -$4.13M | -$3.87M | -$4M | |
| — | -182.44% | -98.19% | -209.8% | -494.61% | -146.18% | -282.56% | -243.54% | -180.44% | -159.96% | -342.89% | -213.2% | -276.06% | — | — | — | — | — | |
| USD/shares | -$0.07 | -$0.06 | -$0.04 | -$0.06 | -$0.08 | -$0.06 | — | — | — | — | — | — | — | — | — | — | — | — |
| USD/shares | -$0.07 | -$0.06 | -$0.04 | -$0.06 | -$0.08 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| shares | — | 33.65M | 33.52M | 33.45M | 32.07M | 31.65M | 31.49M | 30.01M | 25.96M | 24.04M | 24.04M | 24.01M | 23.66M | 22.95M | 20.13M | 18.54M | — | — |
| shares | — | 33.65M | 33.52M | 33.45M | 32.07M | 31.65M | 31.49M | 30.01M | 25.96M | 24.04M | 24.04M | 24.01M | 23.66M | 22.95M | 20.13M | 18.54M | — | — |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Operating lease liabilities | 2026-06-30 | USD 1,094,545 | 10-Q filed 2026-08-06 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
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Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 12 similar-size Electronic Components companies (of 44 listed).