Research Frontiers’ (REFR) “Buy” Rating Reiterated at Westpark Capital

Westpark Capital reiterated their buy rating on shares of Research Frontiers (NASDAQ:REFR) in a research note issued to investors on Friday. They currently have a $3.00 price target on the technology company’s stock.

“We lower our PT to $3 to reflect this delayed announcement. We maintain our Outperform Rating on REFR. Adding newer licensees. The company is continuing to add more licensees to its roster. During Q4, REFR added Gauzy as a licensee to focus on the architectural market. Since the architectural market is much bigger than automotive market, in terms of glass deployment, we view this as a positive development for the company. As REFR doesn’t manufacture the products using SPD technology, we believe the addition of licensees will grow its future revenue pipeline. REFR’s revenues for F’17 stood at $1.5 million, a 22% Y/Y increase. The increase in revenue came from growth in its key verticals including automotive, marine and architectural markets. However, the company’s revenues from the aircraft industry went down during Q4, which management attributed to timing of deliveries of aircraft windows to customers.”,” Westpark Capital’s analyst commented.

Separately, Zacks Investment Research raised shares of Research Frontiers from a sell rating to a hold rating in a research report on Thursday, January 4th.

Shares of Research Frontiers stock opened at $1.00 on Friday. The stock has a market cap of $24.04, a PE ratio of -10.00 and a beta of 0.10. Research Frontiers has a 52-week low of $0.85 and a 52-week high of $1.55.

Research Frontiers (NASDAQ:REFR) last announced its earnings results on Thursday, March 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The business had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.50 million. Research Frontiers had a negative net margin of 160.08% and a negative return on equity of 73.60%.

An institutional investor recently bought a new position in Research Frontiers stock. Anson Funds Management LP acquired a new position in shares of Research Frontiers, Inc. (NASDAQ:REFR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 273,037 shares of the technology company’s stock, valued at approximately $284,000. Anson Funds Management LP owned 1.14% of Research Frontiers as of its most recent SEC filing. Institutional investors own 16.18% of the company’s stock.

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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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