RESEARCH FRONTIERS INC (REFR) Financial Ratio Screen

NASDAQ Technology United States USD 31M
RATIOS FAIL*
Automated financial screen · activity assessed separately
RESEARCH FRONTIERS INC (REFR) is potentially non-compliant in the automated ratio model. The company's debt ratio of 32.1% exceeds the 30% MSCI new-inclusion threshold relative to total assets. RESEARCH FRONTIERS INC operates in the Technology sector.

Follow screening changes

Email alerts are not currently available. Bookmark this page and check the financial period and retrieval date when reviewing a result.

MSCI new-inclusion financial-ratio snapshot

REFR financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
32.1%
Fail vs 30%
Cash ratio
49.4%
Fail vs 30%
Receivables + cash
65.7%
Fail vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-17. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-10-17S&P-style historynot availableLast activity reviewnot yet reviewed

The request button opens your email application with a pre-filled message. HalalStockGuide receives no address or request unless you choose to send it.

Business activity evidence

Activity assessment in progress

The supplied classification (Electronic Components) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Research Frontiers Incorporated, together with other subsidiary, 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. The company's SPD-Smart light-control technology is used in various product applications, including windows, sunshades, skylights, and interior partitions for homes and buildings; automotive windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels, heads up displays and navigation systems; aircraft windows; museum display panels, and eyewear products; and flat panel displays for electronic products. It serves architectural, automotive, marine, and aerospace and appliance applications. The company was incorporated in 1965 and is headquartered in Woodbury, New York.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 32.1%
/ 30%
49.4%
/ 30%
65.7%
/ 30%
N/A RATIOS FAIL*
FTSE 32.1%
/ 33%
49.4%
/ 33%
65.7%
/ 50%
N/A RATIOS FAIL*

Financial Highlights

EPS
currency unverified -0.06
P/B Ratio
31.8
EV/EBITDA
-14.8
EV: 31M (currency unverified)
Revenue
1M (currency unverified)
Growth: -59.5%
Beta
0.5
Low volatility
Current Ratio
3.8

Profitability

Gross Margin -128.5%
Operating Margin -1072.5%
Net Margin -182.4%
Return on Equity (ROE) -115.6%
Return on Assets (ROA) -42.4%

Cash Flow & Balance Sheet

Operating Cash Flow-788,819 (currency unverified)
Free Cash Flow-790,442 (currency unverified)
Total Debt1M (currency unverified)
Debt-to-Equity124.9
Current Ratio3.8
Total Assets4M (currency unverified)

Price & Trading

Last Close$0.90
50-Day MA$1.06
200-Day MA$1.46
Avg Volume45K
Beta0.5
52-Week Range
$0.80
$2.70

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About RESEARCH FRONTIERS INC (REFR)

CEO
Mr. Joseph M. Harary J.D.
Employees
5
Sector
Technology
Industry
Electronic Components
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 31M
Currency
USD

Research Frontiers Incorporated, together with other subsidiary, 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. The company's SPD-Smart light-control technology is used in various product applications, including windows, sunshades, skylights, and interior partitions for homes and buildings; automotive windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels, heads up displays and navigation systems; aircraft windows; museum display panels, and eyewear products; and flat panel displays for electronic products. It serves architectural, automotive, marine, and aerospace and appliance applications. The company was incorporated in 1965 and is headquartered in Woodbury, New York.

Popular halal stock checks

Explore other frequently viewed automated stock screens and compare the available financial ratios.

Frequently Asked Questions

Is RESEARCH FRONTIERS INC (REFR) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is RESEARCH FRONTIERS INC's debt ratio?

RESEARCH FRONTIERS INC's debt ratio is 32.1% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are RESEARCH FRONTIERS INC's key financial metrics?

RESEARCH FRONTIERS INC has a market capitalization of USD 31M in its listing currency, and revenue of 1M (currency unverified). The company maintains a gross margin of -128.5% and a net margin of -182.4%. Return on equity stands at -115.6%.

How often is the screening data updated?

Calculation date: 2026-10-17. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.