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Research Frontiers Valuation Multiples

Discover revenue and EBITDA valuation multiples for Research Frontiers and similar public comparables like Archer Materials, M-Tron IndustriesaMtronPTI, and Bluglass.

Research Frontiers Overview

About Research Frontiers

Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products. The company's revenue source comes from the licensing of technology.


Founded

1965

HQ

United States of America
Employees

6

Website

smartglass.com

Financials

LTM Revenue n/a

LTM EBITDA n/a

EV

$32.0M

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Research Frontiers Financials

Research Frontiers has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.

In the most recent fiscal year, Research Frontiers achieved revenue of $1.3M and an EBITDA of -$1.2M.

Research Frontiers expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Research Frontiers P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $0.9M $1.3M XXX XXX XXX
Gross Profit n/a n/a XXX XXX XXX
Gross Margin NaN% NaN% XXX XXX XXX
EBITDA -$1.9M -$1.2M XXX XXX XXX
EBITDA Margin -205% -88% XXX XXX XXX
Net Profit -$2.7M -$1.9M XXX XXX XXX
Net Margin -293% -143% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Research Frontiers Stock Performance

As of April 15, 2025, Research Frontiers's stock price is $1.

Research Frontiers has current market cap of $32.7M, and EV of $32.0M.

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Research Frontiers Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$32.0M $32.7M XXX XXX XXX XXX n/a

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Research Frontiers Valuation Multiples

As of April 15, 2025, Research Frontiers has market cap of $32.7M and EV of $32.0M.

Research Frontiers's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate Research Frontiers's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Research Frontiers Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $32.0M XXX XXX XXX
EV/Revenue 23.9x XXX XXX XXX
EV/EBITDA -27.1x XXX XXX XXX
P/E -24.9x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -40.5x XXX XXX XXX

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Research Frontiers Valuation Multiples

Research Frontiers's NTM/LTM revenue growth is n/a

Research Frontiers's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.5M for the same period.

Over next 12 months, Research Frontiers's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Research Frontiers's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Research Frontiers Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 47% XXX XXX XXX XXX
EBITDA Margin -88% XXX XXX XXX XXX
EBITDA Growth -37% XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $0.2M XXX XXX XXX XXX
Opex per Employee $0.5M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue 43% XXX XXX XXX XXX
Opex to Revenue 208% XXX XXX XXX XXX

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Research Frontiers Public Comps

See public comps and valuation multiples for Electronic Components comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
M-Tron IndustriesaMtronPTI XXX XXX XXX XXX XXX XXX
4DS Memory XXX XXX XXX XXX XXX XXX
Audinate Group XXX XXX XXX XXX XXX XXX
Archer Materials XXX XXX XXX XXX XXX XXX
Bluglass XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Research Frontiers M&A and Investment Activity

Research Frontiers acquired  XXX companies to date.

Last acquisition by Research Frontiers was  XXXXXXXX, XXXXX XXXXX XXXXXX . Research Frontiers acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Research Frontiers

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Research Frontiers

When was Research Frontiers founded? Research Frontiers was founded in 1965.
Where is Research Frontiers headquartered? Research Frontiers is headquartered in United States of America.
How many employees does Research Frontiers have? As of today, Research Frontiers has 6 employees.
Who is the CEO of Research Frontiers? Research Frontiers's CEO is Mr. Joseph M. Harary, J.D..
Is Research Frontiers publicy listed? Yes, Research Frontiers is a public company listed on NAS.
What is the stock symbol of Research Frontiers? Research Frontiers trades under REFR ticker.
When did Research Frontiers go public? Research Frontiers went public in 1986.
Who are competitors of Research Frontiers? Similar companies to Research Frontiers include e.g. M-Tron IndustriesaMtronPTI, 4DS Memory, Audinate Group, Archer Materials.
What is the current market cap of Research Frontiers? Research Frontiers's current market cap is $32.7M
What is the current revenue growth of Research Frontiers? Research Frontiers revenue growth between 2023 and 2024 was 47%.
Is Research Frontiers profitable? Yes, Research Frontiers is EBITDA-positive (as of the last 12 months).

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