REFRNasdaqPatent Owners & Lessors

Research Frontiers Inc (REFR) earnings date, market-implied expected move, and options open interest by expiry

0.35

pre 0.38 +4.08%

Pre-market15:59 ETdelayed

Open0.35Volume153,966Mkt cap$12.2MEPS-0.07

Day0.33 – 0.3890%52-wk0.33 – 2.103%

REFR

Research Frontiers Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Nov 5

in 1 day

est.Q3 FY26

Calendar

Next report

Last report

—

Largest filed tie

filed ties

13F top-10 QoQ

−2.96%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

34 managers

Top fund weight

0.00%

REFR weight · VTI

N-PORTJun 30 '26

1 fund

Research Frontiers (REFR) is expected to report on Nov 5 (estimated date).

Implied vs realized

No reported quarters.

Implied vs realized

Positioning

OI · 3 expiries · Oct 20 close

0.02OI · 3 expiries · Oct 20 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

14+367%Nov 2016d569+8%

0—Dec 1844d0.00233+1%0.00

220%Mar 19135d0.054380%0.05

ExpiryPutsCallsP/C

Nov 2016d14+367%569+8%0.02

Dec 1844d0—233+1%0.00

Mar 19135d220%4380%0.05

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ2 FY26

−764.56%as filednet margin · revenue −36.66% QoQ · −33.53% YoY

Revenue$86,346−36.66%

Gross profit$86,346100.00%−36.66%

Operating income−$669,754−775.66%−26.27%

Pre-tax income−$660,168−25.66%

Net income−$660,168−764.56%−25.66%

Cost of revenue$0—

Operating expenses$756,100+13.40%

Other income$9,586+89.90%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

FOMC ×1.11· ±3.4% vs ±3.1% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±3.4%10 of 24×1.11

NFPjobs report±3.2%4 of 10×1.04

PPIproducer prices±2.8%5 of 10×0.90

PCEpersonal income & outlays±2.6%7 of 19×0.85

GDPgross domestic product±2.5%9 of 19×0.81

CPROFcorporate profits±2.4%7 of 12×0.76

CPIconsumer prices±2.1%6 of 10×0.70

Bar = avg |move| to ±4% · tick = ±3.1% avg day · ×base = |move| ÷ ±3.1% · min 6 releases

Earnings history

EPS -0.02 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	-0.02	—
Q1 FY26	—	-0.02	—
Q3 FY25	—	-0.01	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod