Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
On Oct. 16, 2026, REFR is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5171 stocks scored that day.
Research Frontiers Inc is a small-cap company with a market capitalization of $22M. It ranks number 9 by market capitalization among the 11 Patent Owners & Lessors issuers in our coverage with a current forecast. Its P/B Ratio of 19.87x is the highest of the 10 peers that report one. Its ROE of -200.3% is the lowest of the 10 peers that report one.
For REFR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -28.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -22.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, REFR included.
Follow REFR free90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Patent Owners & Lessors peers listed below that report each metric.
| Metric | REFR | Rank |
|---|---|---|
| Market Cap | $22M | 9/11 |
| P/B Ratio | 19.87x | 1/10 |
| EPS | $-0.06 | – |
| Book Value/Share | $0.03 | – |
| Revenue/Share | $0.02 | – |
| FCF/Share | $-0.04 | – |
| Metric | REFR | Rank |
|---|---|---|
| ROE | -200.3% | 10/10 |
| ROA | -90.9% | 10/10 |
| ROIC | -110.3% | 11/11 |
| Operating Margin | -348.1% | 9/10 |
| Net Margin | -343.9% | 7/9 |
| EBT Margin | -384.8% | 9/10 |
| Metric | REFR | Rank |
|---|---|---|
| Current Ratio | 3.54x | 4/12 |
| D/E Ratio | 1.20x | 5/11 |
| Financial Leverage | 2.20x | 5/11 |
| Working Capital | $1M | 8/12 |
| Metric | REFR | Rank |
|---|---|---|
| Operating Cash Flow | -$2M | 7/12 |
| Free Cash Flow | -$2M | 4/5 |
| Capital Spending | $0.00M | 1/5 |
| FCF/Sales | -238.7% | – |
| CapEx/Sales | 0.1% | – |
| Metric | REFR | Rank |
|---|---|---|
| Asset Turnover | 0.26x | 7/8 |
| Receivables Turnover | 3.1x | 5/7 |
| Fixed Assets Turnover | 228.2x | 2/8 |
| Days Sales Outstanding | 116 days | 3/8 |
| Metric | REFR | Rank |
|---|---|---|
| Total Revenue | $650K | 7/8 |
| Operating Income | -$2M | 7/12 |
| Net Income | -$2M | 6/10 |
| R&D Expense | $550K | – |
| Metric | REFR | Rank |
|---|---|---|
| Shares Outstanding | 35M | – |
| Total Current Assets | $1M | 59.0% of assets |
| Cash & Short-term Investments | $1M | 44.1% of assets |
| Accounts Receivable | $210K | 8.5% of assets |
| Total Liabilities | $1M | 54.6% of assets |
| Short-term Debt | $280K | 11.3% of assets |
Companies classified under the same SEC industry code as Research Frontiers Inc (Patent Owners & Lessors): 12 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| REFR Research Frontiers Inc | ▶ | $22M |
| IDCC Interdigital, Inc. | ▶ | $8.24B |
| DLB Dolby Laboratories, Inc. | ▶ | $5.69B |
| APPS Digital Turbine, Inc. | ▲ | $1.16B |
| ACTG Acacia Research Corp | ▶ | $413M |
| JYNT Joint Corp | ▲ | $99M |
| VHC Virnetx Holding Corp | ▲ | $46M |
| RMCO Royalty Management Holding Corp | ▼ | $36M |
| NTIP Network-1 Technologies, Inc. | ▲ | $35M |
| AMOD Alpha Modus Holdings, Inc. | ▼ | $8M |
| XELB Xcel Brands, Inc. | ▶ | $2M |
| AERA Ai Era Corp. | ▼ | N/A |
Good afternoon, ladies and gentlemen. Welcome to Research Frontiers Investor Conference Call to discuss the First Quarter of 2024 Results of Operations and Recent Developments. During today's ...
Research Frontiers Inc (NASDAQ:REFR) reported substantial sales growth of SPD smart glass sunroofs to Cadillac in Q2 2025, significantly higher than the combined sales of Q4 2024 and Q1 2025. The ...
Research Frontiers Inc (NASDAQ:REFR) maintained production continuity in the automotive sector through licensee transitions, expanding OEM engagement, and cost reductions. The company successfully ...
On Oct. 16, 2026, REFR is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5171 stocks scored that day.
For REFR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -28.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -22.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Research Frontiers Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
12 issuers in our coverage, REFR included, share the SEC industry code Patent Owners & Lessors. The largest are: Interdigital, Inc. (IDCC), Dolby Laboratories, Inc. (DLB), Digital Turbine, Inc. (APPS), Acacia Research Corp (ACTG), Joint Corp (JYNT), Virnetx Holding Corp (VHC).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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