Research Frontiers Incorporated (REFR) Issues Earnings Results, Hits Expectations
Research Frontiers Incorporated (NASDAQ:REFR) posted its quarterly earnings results on Thursday. The technology company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01), Bloomberg Earnings reports. Research Frontiers had a negative net margin of 207.76% and a negative return on equity of 76.30%. The company had revenue of $0.49 million during the quarter, compared to analyst estimates of $0.45 million.
Shares of Research Frontiers (NASDAQ REFR) traded up $0.04 during midday trading on Friday, reaching $1.16. 98,584 shares of the company’s stock traded hands, compared to its average volume of 63,910.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Research Frontiers from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of Research Frontiers from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Westpark Capital set a $4.00 price objective on shares of Research Frontiers and gave the stock a “buy” rating in a report on Monday, August 7th.
Research Frontiers Company Profile
Research Frontiers Incorporated (Research Frontiers) 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 (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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