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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.
1965
6
LTM Revenue n/a
LTM EBITDA n/a
$32.0M
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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
See Research Frontiers valuation multiples based on analyst estimates| 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 |
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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.
See Research Frontiers trading valuation 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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Sign UpAs 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
See valuation multiples for Research Frontiers and 10K+ public comps| 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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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpResearch 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
See operational valuation multiples for Research Frontiers and other 10K+ public comps| 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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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| 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 |
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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 ).
See M&A valuation multiples| 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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Sign Up| 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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