Research Frontiers (NASDAQ:REFR) Posts Quarterly Earnings Results

Key Points

• Research Frontiers reported a quarterly earnings result of ($0.02) EPS with a revenue of $0.13 million and a negative net margin of 66.16%.
• The company's stock price decreased by $0.04 to close at $1.53, with a market cap of $51.29 million.
• Research Frontiers focuses on technology that controls the flow of light, particularly through its SPD-Smart light-control technology used in various applications such as windows and sunroofs.

Research Frontiers (NASDAQ:REFR - Get Free Report) announced its quarterly earnings data on Thursday, August 7th. The technology company reported ($0.02) EPS for the quarter, Zacks reports. The firm had revenue of $0.13 million during the quarter. Research Frontiers had a negative net margin of 143.78% and a negative return on equity of 72.81%.

Research Frontiers Trading Up 0.7%

Shares of NASDAQ REFR traded up $0.01 during mid-day trading on Thursday, reaching $1.52. The company had a trading volume of 9,123 shares, compared to its average volume of 36,713. The firm has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.46. The stock has a market cap of $51.14 million, a P/E ratio of -30.40 and a beta of 0.09. Research Frontiers has a 52-week low of $0.93 and a 52-week high of $2.39.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Research Frontiers stock. Raymond James Financial Inc. increased its holdings in shares of Research Frontiers Incorporated (NASDAQ:REFR - Free Report) by 151.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,337 shares of the technology company's stock after purchasing an additional 24,902 shares during the period. Raymond James Financial Inc. owned 0.12% of Research Frontiers worth $68,000 as of its most recent SEC filing. 11.91% of the stock is currently owned by hedge funds and other institutional investors.

About Research Frontiers

Research Frontiers Incorporated engages in the development and marketing of technology and devices to control the flow of light worldwide. It develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electronics to power end-products incorporating the film, as well as lamination services for and the end-products, such as windows, skylights, and sunroofs.