REFR
Income statement / Annual
Last year (2023), Research Frontiers Incorporated's total revenue was $909,598.00,
an increase of 68.54% from the previous year.
In 2023, Research Frontiers Incorporated's net income was -$1.91 M.
See Research Frontiers Incorporated’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$909,598.00
|
$539,686.00
|
$1.26 M
|
$828,450.00
|
$1.56 M
|
$1.49 M
|
$1.51 M
|
$1.24 M
|
$2.01 M
|
$1.60 M
|
| Cost of Revenue |
$2.36 M |
$175,152.00 |
$2.52 M |
$2.78 M |
$3.20 M |
$2.42 M |
$3.13 M |
$4.09 M |
$4.74 M |
$4.43 M |
| Gross Profit |
-$1.45 M |
$364,534.00 |
-$1.26 M |
-$1.95 M |
-$1.64 M |
-$929,577.00 |
-$1.62 M |
-$2.85 M |
-$2.73 M |
-$2.83 M |
| Gross Profit Ratio |
-1.59 |
0.68 |
-1 |
-2.35 |
-1.05 |
-0.62 |
-1.07 |
-2.31 |
-1.36 |
-1.77 |
| Research and Development
Expenses |
$583,266.00
|
$609,127.00
|
$580,000.00
|
$628,304.00
|
$1.04 M
|
$863,401.00
|
$799,702.00
|
$1.42 M
|
$1.59 M
|
$1.62 M
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$0.00
|
$2.38 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Other Expenses |
$0.00 |
$2.56 M |
$2.52 M |
$2.78 M |
$3.68 M |
$3.04 M |
$3.13 M |
$4.09 M |
$4.74 M |
$4.43 M |
| Operating Expenses |
$583,266.00 |
$3.16 M |
$3.10 M |
$3.41 M |
$4.71 M |
$3.91 M |
$3.93 M |
$5.50 M |
$6.33 M |
$6.05 M |
| Cost And Expenses |
$2.94 M |
$3.16 M |
$3.10 M |
$3.41 M |
$4.71 M |
$3.91 M |
$3.93 M |
$5.50 M |
$6.33 M |
$6.05 M |
| Interest Income |
$124,938.00 |
$0.00 |
$0.00 |
$34,473.00 |
$43,052.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$0.00 |
$44,219.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$172,142.00
|
$175,152.00
|
$10,136.00
|
$67,082.00
|
$195,377.00
|
$181,047.00
|
$175,643.00
|
$188,501.00
|
$140,170.00
|
$31,824.00
|
| EBITDA |
-$1.86 M
|
-$2.49 M
|
-$1.82 M
|
-$2.51 M
|
-$2.95 M
|
-$2.24 M
|
-$2.24 M
|
-$4.08 M
|
-$4.18 M
|
-$4.42 M
|
| EBITDA Ratio |
-2.05 |
-4.46 |
-1.44 |
-3.32 |
-1.47 |
-1.32 |
-1.49 |
-3.32 |
-2.11 |
-2.78 |
| Operating Income Ratio
|
-2.24
|
-4.86
|
-1.46
|
-3.11
|
-2.05
|
-1.62
|
-1.6
|
-3.45
|
-2.15
|
-2.78
|
| Total Other
Income/Expenses Net |
$124,938.00
|
-$44,219.00
|
-$7,537.00
|
$236,525.00
|
-$659,639.00
|
-$267,909.00
|
$4,752.00
|
$29,535.00
|
$43,319.00
|
$35,161.00
|
| Income Before Tax |
-$1.91 M |
-$2.67 M |
-$1.85 M |
-$2.34 M |
-$3.81 M |
-$2.69 M |
-$2.41 M |
-$4.24 M |
-$4.28 M |
-$4.41 M |
| Income Before Tax Ratio
|
-2.1
|
-4.95
|
-1.46
|
-2.83
|
-2.44
|
-1.8
|
-1.6
|
-3.43
|
-2.13
|
-2.76
|
| Income Tax Expense |
$0.00 |
$44,219.00 |
$7,537.00 |
-$236,525.00 |
$659,639.00 |
-$267,909.00 |
-$4,752.00 |
-$29,535.00 |
-$43,319.00 |
-$35,161.00 |
| Net Income |
-$1.91 M |
-$2.71 M |
-$1.85 M |
-$2.10 M |
-$4.47 M |
-$2.69 M |
-$2.41 M |
-$4.24 M |
-$4.28 M |
-$4.41 M |
| Net Income Ratio |
-2.1 |
-5.03 |
-1.47 |
-2.54 |
-2.86 |
-1.8 |
-1.6 |
-3.43 |
-2.13 |
-2.76 |
| EPS |
-0.057 |
-0.0846 |
-0.0586 |
-0.0668 |
-0.15 |
-0.1 |
-0.1 |
-0.18 |
-0.18 |
-0.19 |
| EPS Diluted |
-0.057 |
-0.0846 |
-0.0586 |
-0.0668 |
-0.15 |
-0.1 |
-0.1 |
-0.18 |
-0.18 |
-0.19 |
| Weighted Average Shares
Out |
$33.45 M
|
$32.07 M
|
$31.65 M
|
$31.49 M
|
$30.01 M
|
$25.96 M
|
$24.04 M
|
$24.04 M
|
$24.01 M
|
$23.66 M
|
| Weighted Average Shares
Out Diluted |
$33.45 M
|
$32.07 M
|
$31.65 M
|
$31.49 M
|
$30.01 M
|
$25.96 M
|
$24.04 M
|
$24.04 M
|
$24.01 M
|
$23.66 M
|
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