REFR: Research Frontiers Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Research Frontiers Inc (REFR).
$57.32M Market Cap.
REFR Market Cap. (MRY)
REFR Shares Outstanding (MRY)
REFR Assets (MRY)
Total Assets
$4.04M
Total Liabilities
$1.44M
Total Investments
$0
REFR Income (MRY)
Revenue
$1.34M
Net Income
-$1.31M
Operating Expense
$2.78M
REFR Cash Flow (MRY)
CF Operations
-$788.82K
CF Investing
-$1.62K
CF Financing
$308.67K
REFR Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $4,039,647 (4.91%) | $3,850,525 (-28.25%) | $5,366,451 (18.05%) | $4,545,987 (-26.67%) |
Assets Current | $2,745,889 (-23.22%) | $3,576,146 (-27.34%) | $4,921,488 (24.61%) | $3,949,642 (-27.23%) |
Assets Non-Current | $1,293,758 (371.52%) | $274,379 (-38.34%) | $444,963 (-25.38%) | $596,345 (-22.73%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $2,604,335 (-25.97%) | $3,517,731 (-26.67%) | $4,796,865 (26.77%) | $3,783,923 (-28.97%) |
Property Plant & Equipment Net | $1,237,692 (466.93%) | $218,313 (-43.86%) | $388,897 (-30.90%) | $562,778 (-23.76%) |
Cash & Equivalents | $1,994,186 (-19.46%) | $2,475,958 (-41.48%) | $4,230,916 (1467.21%) | $269,964 (-94.34%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $2,755,111 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $2,755,111 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $658,213 (-34.40%) | $1,003,404 (70.18%) | $589,599 (-29.10%) | $831,636 (39.00%) |
Trade & Non-Trade Payables | $85,825 (68.68%) | $50,880 (-28.42%) | $71,079 (6.95%) | $66,460 (98.92%) |
Accumulated Retained Earnings (Deficit) | -$125,576,223 (-1.06%) | -$124,264,841 (-1.56%) | -$122,356,477 (-2.23%) | -$119,687,128 (-1.57%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $1,296,160 (384.14%) | $267,722 (-42.32%) | $464,128 (-28.18%) | $646,219 (-20.47%) |
Debt Current | $129,875 (-38.84%) | $212,359 (8.12%) | $196,405 (7.86%) | $182,091 (9.44%) |
Debt Non-Current | $1,166,285 (2006.61%) | $55,363 (-79.32%) | $267,723 (-42.32%) | $464,128 (-28.18%) |
Total Liabilities | $1,435,312 (331.29%) | $332,794 (-41.57%) | $569,586 (-25.26%) | $762,064 (-12.64%) |
Liabilities Current | $269,027 (-3.03%) | $277,431 (-8.09%) | $301,863 (1.32%) | $297,936 (31.79%) |
Liabilities Non-Current | $1,166,285 (2006.61%) | $55,363 (-79.32%) | $267,723 (-42.32%) | $464,128 (-28.18%) |
REFR Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,335,531 (46.83%) | $909,598 (68.54%) | $539,686 (-57.27%) | $1,263,034 (52.46%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $2,207,397 (-6.45%) | $2,359,634 (-7.67%) | $2,555,689 (1.34%) | $2,521,849 (-9.21%) |
Research & Development Expense | $570,007 (-2.27%) | $583,266 (-4.25%) | $609,127 (5.02%) | $580,000 (-7.69%) |
Operating Expenses | $2,777,404 (-5.62%) | $2,942,900 (-7.01%) | $3,164,816 (2.03%) | $3,101,849 (-8.93%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$1,311,382 (31.28%) | -$1,908,364 (28.51%) | -$2,669,349 (-44.57%) | -$1,846,352 (21.13%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$1,311,382 (31.28%) | -$1,908,364 (28.51%) | -$2,669,349 (-44.57%) | -$1,846,352 (21.13%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$1,311,382 (31.28%) | -$1,908,364 (28.51%) | -$2,669,349 (-44.57%) | -$1,846,352 (21.13%) |
Weighted Average Shares | $33,520,904 (0.20%) | $33,453,627 (4.31%) | $32,070,233 (1.34%) | $31,646,520 (0.50%) |
Weighted Average Shares Diluted | $33,520,904 (0.20%) | $33,453,627 (4.31%) | $32,070,233 (1.34%) | $31,646,520 (0.50%) |
Earning Before Interest & Taxes (EBIT) | -$1,311,382 (31.28%) | -$1,908,364 (28.51%) | -$2,669,349 (-44.57%) | -$1,846,352 (21.13%) |
Gross Profit | $1,335,531 (46.83%) | $909,598 (68.54%) | $539,686 (-57.27%) | $1,263,034 (52.46%) |
Operating Income | -$1,441,873 (29.09%) | -$2,033,302 (22.54%) | -$2,625,130 (-42.76%) | -$1,838,815 (28.66%) |
REFR Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$1,623 (-102.92%) | $55,591 (-97.94%) | $2,693,697 (196.73%) | -$2,784,710 (-5171.78%) |
Net Cash Flow from Financing | $308,670 (-36.29%) | $484,502 (-85.96%) | $3,450,000 (3899.44%) | $86,262 (-82.26%) |
Net Cash Flow from Operations | -$788,819 (65.63%) | -$2,295,051 (-5.15%) | -$2,182,745 (-20.98%) | -$1,804,293 (19.90%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$481,772 (72.55%) | -$1,754,958 (-144.31%) | $3,960,952 (187.97%) | -$4,502,741 (-147.50%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $57,149 (-97.88%) | $2,694,968 (196.81%) | -$2,783,633 (0%) |
Capital Expenditure | -$1,623 (-4.17%) | -$1,558 (-22.58%) | -$1,271 (-18.01%) | -$1,077 (97.96%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Issuance (Purchase) of Equity Shares | $308,670 (-36.29%) | $484,502 (-85.96%) | $3,450,000 (3899.44%) | $86,262 (-69.65%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $89,316 (-38.29%) | $144,728 (-37.70%) | $232,291 (7.04%) | $217,008 (-33.75%) |
Depreciation Amortization & Accretion | $263,563 (53.11%) | $172,142 (-1.72%) | $175,152 (-0.77%) | $176,513 (163.13%) |
REFR Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | -98.20% (53.19%) | -209.80% (57.58%) | -494.60% (-238.30%) | -146.20% (48.27%) |
EBITDA Margin | -78.50% (58.88%) | -190.90% (58.70%) | -462.20% (-249.62%) | -132.20% (51.84%) |
Return on Average Equity (ROAE) | -45.60% (1.30%) | -46.20% (31.86%) | -67.80% (-59.15%) | -42.60% (-8.95%) |
Return on Average Assets (ROAA) | -37.60% (10.48%) | -42.00% (28.21%) | -58.50% (-63.41%) | -35.80% (-7.51%) |
Return on Sales (ROS) | -98.20% (53.19%) | -209.80% (57.58%) | -494.60% (-238.30%) | -146.20% (48.27%) |
Return on Invested Capital (ROIC) | -77.00% (-8.60%) | -70.90% (61.02%) | -181.90% (-325.00%) | -42.80% (61.61%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -42.75 (-153.97%) | -16.83 (29.50%) | -23.88 (16.72%) | -28.67 (28.59%) |
Price to Sales Ratio (P/S) | 42.92 (15.54%) | 37.15 (-67.27%) | 113.5 (163.37%) | 43.1 (-59.65%) |
Price to Book Ratio (P/B) | 22.01 (128.75%) | 9.62 (-27.11%) | 13.2 (-8.25%) | 14.39 (-13.62%) |
Debt to Equity Ratio (D/E) | 0.55 (480.00%) | 0.1 (-20.17%) | 0.12 (-40.80%) | 0.2 (22.56%) |
Earnings Per Share (EPS) | -0.04 (33.33%) | -0.06 (25.00%) | -0.08 (-33.33%) | -0.06 (14.29%) |
Sales Per Share (SPS) | 0.04 (48.15%) | 0.03 (58.82%) | 0.02 (-57.50%) | 0.04 (53.85%) |
Free Cash Flow Per Share (FCFPS) | -0.02 (65.22%) | -0.07 (-1.47%) | -0.07 (-19.30%) | -0.06 (21.92%) |
Book Value Per Share (BVPS) | 0.08 (-25.71%) | 0.1 (-30.00%) | 0.15 (25.00%) | 0.12 (-28.99%) |
Tangible Assets Book Value Per Share (TABVPS) | 0.12 (5.22%) | 0.12 (-31.14%) | 0.17 (15.97%) | 0.14 (-26.90%) |
Enterprise Value Over EBIT (EV/EBIT) | -43 (-138.89%) | -18 (18.18%) | -22 (21.43%) | -28 (22.22%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -53.23 (-174.76%) | -19.37 (18.14%) | -23.67 (24.21%) | -31.23 (15.61%) |
Asset Turnover | 0.38 (91.50%) | 0.2 (69.49%) | 0.12 (-51.84%) | 0.24 (107.63%) |
Current Ratio | 10.21 (-20.81%) | 12.89 (-20.94%) | 16.3 (22.98%) | 13.26 (-44.78%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$790,442 (65.58%) | -$2,296,609 (-5.16%) | -$2,184,016 (-20.97%) | -$1,805,370 (21.69%) |
Enterprise Value (EV) | $55,777,397 (65.82%) | $33,637,200 (-43.02%) | $59,030,093 (13.21%) | $52,143,126 (-38.03%) |
Earnings Before Tax (EBT) | -$1,311,382 (31.28%) | -$1,908,364 (28.51%) | -$2,669,349 (-44.57%) | -$1,846,352 (21.13%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$1,047,819 (39.65%) | -$1,736,222 (30.39%) | -$2,494,197 (-49.37%) | -$1,669,839 (26.56%) |
Invested Capital | $3,072,594 (125.12%) | $1,364,858 (5.17%) | $1,297,800 (-71.94%) | $4,624,306 (129.71%) |
Working Capital | $2,476,862 (-24.91%) | $3,298,715 (-28.59%) | $4,619,625 (26.51%) | $3,651,706 (-29.79%) |
Tangible Asset Value | $4,039,647 (4.91%) | $3,850,525 (-28.25%) | $5,366,451 (18.05%) | $4,545,987 (-26.67%) |
Market Capitalization | $57,315,416 (69.35%) | $33,844,380 (-46.55%) | $63,317,256 (16.31%) | $54,438,681 (-38.65%) |
Average Equity | $2,875,216 (-30.36%) | $4,128,613 (4.88%) | $3,936,546 (-9.07%) | $4,329,387 (-27.72%) |
Average Assets | $3,485,427 (-23.28%) | $4,542,970 (-0.50%) | $4,565,949 (-11.49%) | $5,158,900 (-26.56%) |
Invested Capital Average | $1,702,978 (-36.69%) | $2,689,736 (83.25%) | $1,467,777 (-65.98%) | $4,315,038 (105.46%) |
Shares | 33,517,787 (0.03%) | 33,509,287 (1.08%) | 33,150,396 (4.74%) | 31,650,396 (0.24%) |
