RESEARCH FRONTIERS INCORPORATED
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.3M | $909.6K | $539.7K | $1.3M | $828.5K | $1.6M | $1.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $608.7K | $570.0K | $583.3K | $609.1K | $580.0K | $628.3K | $1.0M | $863.4K |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-2.1M | $-1.4M | $-2.0M | $-2.6M | $-1.8M | $-2.6M | $-3.1M | $-2.4M |
| Operating Margin | -190.2% | -108.0% | -223.5% | -486.4% | -145.6% | -311.1% | -201.4% | -162.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-2.0M | $-1.3M | $-1.9M | $-2.7M | $-1.8M | $-2.3M | $-3.8M | $-2.7M |
| Net Margin | -182.4% | -98.2% | -209.8% | -494.6% | -146.2% | -282.6% | -243.5% | -180.4% |
| EPS (Basic) | $-0.06 | $-0.04 | $-0.06 | $-0.08 | $-0.06 | $-0.07 | $-0.13 | $-0.10 |
| EPS (Diluted) | $-0.06 | $-0.04 | $-0.06 | $-0.08 | $-0.06 | $-0.07 | $-0.13 | $-0.10 |
| Shares Outstanding (Basic) | 33.6M | 33.5M | 33.5M | 32.1M | 31.6M | 31.6M | 31.3M | 27.7M |
| Shares Outstanding (Diluted) | 33.6M | 33.5M | 33.5M | 32.1M | 31.6M | 31.6M | 31.3M | 27.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |