REFR | Research Frontiers Incorporated Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)

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Financial Year End	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	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	909.60K	539.69K	1.26M	828.45K	1.56M	1.49M	1.51M	1.24M	2.01M	1.60M	2.16M	1.96M	845.98K	767.52K	709.81K	1.68M	402.36K	162.64K	138.74K	201.32K	258.19K	217.52K	142.00K	333.65K	200.00K	100.00K	100.00K	100.00K	100.00K	600.00K
Cost of Revenue	172.14K	175.15K	2.52M	2.78M	3.20M	2.42M	3.13M	4.09M	4.74M	4.43M	5.84M	4.00M	3.62M	3.25M	3.18M	2.96M	5.77M	2.38M	2.62M	2.63M	2.54M	2.63M	2.74M	2.92M	1.80M	1.50M	1.80M	1.20M	1.20M	1.20M
Gross Profit	737.46K	364.53K	-1.26M	-1.95M	-1.64M	-929.58K	-1.62M	-2.85M	-2.73M	-2.83M	-3.68M	-2.04M	-2.77M	-2.49M	-2.47M	-1.28M	-5.37M	-2.22M	-2.49M	-2.43M	-2.28M	-2.41M	-2.60M	-2.58M	-1.60M	-1.40M	-1.70M	-1.10M	-1.10M	-600.00K
Operating Expenses	2.77M	3.16M	3.10M	3.41M	4.71M	3.91M	3.93M	5.50M	6.33M	6.05M	8.04M	5.67M	1.39M	1.40M	1.55M	1.47M	2.53M	1.17M	1.39M	1.85M	2.52M	1.86M	2.63M	2.73M	2.10M	1.70M	1.90M	1.70M	1.50M	1.50M
Selling, General & Admin	2.19M	2.38M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.70M	1.40M	1.40M
Research & Development	583.27K	609.13K	580.00K	628.30K	1.04M	863.40K	799.70K	1.42M	1.59M	1.62M	2.20M	1.67M	1.39M	1.40M	1.55M	1.47M	2.53M	1.17M	1.39M	1.68M	1.91M	1.86M	2.63M	2.62M	2.00M	1.60M	1.80M	N/A	N/A	N/A
Other Operating Expenses	N/A	2.56M	2.52M	2.78M	3.68M	3.04M	3.13M	4.09M	4.74M	4.43M	5.84M	4.00M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	165.50K	615.20K	N/A	N/A	109.14K	100.00K	100.00K	100.00K	N/A	100.00K	100.00K
Operating Income	-2.03M	-2.63M	-1.84M	-2.58M	-3.20M	-2.42M	-2.42M	-4.27M	-4.32M	-4.45M	-5.88M	-3.71M	-4.16M	-3.89M	-4.02M	-2.75M	-7.90M	-3.39M	-3.88M	-4.28M	-4.80M	-4.27M	-5.24M	-5.31M	-3.70M	-3.10M	-3.60M	-2.80M	-2.60M	-2.10M
Other Expenses / Income	124.94K	-44.22K	-7.54K	236.53K	-608.97K	-267.91K	4.75K	29.54K	43.32K	35.16K	38.15K	33.17K	29.27K	15.52K	20.63K	154.57K	336.03K	88.09K	129.76K	-147.90K	-584.42K	256.93K	696.06K	-2.26M	-300.00K	600.00K	400.00K	400.00K	-300.00K	-800.00K
Before Tax Income	-1.91M	-2.67M	-1.85M	-2.34M	-3.81M	-2.69M	-2.41M	-4.24M	-4.28M	-4.41M	-5.85M	-3.68M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax Expenses	-2.00	44.22K	7.54K	-236.53K	659.64K	-267.91K	N/A	N/A	N/A	N/A	N/A	-613.40K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-1.91M	-2.71M	-1.85M	-2.10M	-4.47M	-2.69M	-2.41M	-4.24M	-4.28M	-4.41M	-5.85M	-3.06M	-4.13M	-3.87M	-4.00M	-2.59M	-7.57M	-3.30M	-3.75M	-4.26M	-4.77M	-3.95M	-4.54M	-7.57M	-3.70M	-2.60M	-3.20M	-2.50M	-2.90M	-2.90M
Interest Expenses	N/A	44.22K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	33.45M	32.07M	31.65M	31.49M	30.01M	25.96M	24.04M	24.04M	24.01M	23.66M	22.95M	20.13M	18.54M	17.32M	16.07M	15.44M	15.28M	14.03M	13.69M	12.79M	12.44M	12.15M	12.09M	12.10M	11.10M	10.88M	10.20M	9.92M	9.20M	8.79M
Diluted Shares Outstanding	33.45M	32.07M	31.65M	31.49M	30.01M	25.96M	24.04M	24.04M	24.01M	23.66M	22.95M	20.13M	18.54M	17.32M	16.07M	15.44M	15.28M	14.03M	13.69M	12.79M	12.44M	12.15M	12.09M	12.10M	11.10M	11.11M	10.20M	10.00M	9.47M	8.79M
EBITDA	-1.86M	-2.41M	-1.82M	-2.75M	-2.29M	-1.97M	-2.24M	-4.05M	-4.14M	-4.38M	-5.80M	-3.64M	-4.09M	-3.83M	-3.96M	-2.55M	-7.53M	-3.27M	-3.70M	-4.18M	-4.66M	-3.84M	-4.42M	-7.46M	-3.60M	-2.50M	-3.10M	-2.50M	-2.80M	-2.80M
EBITDA Margin	-204.61%	-445.77%	-144.19%	-331.56%	-146.69%	-132.29%	-148.32%	-327.64%	-206.21%	-274.07%	-268.34%	-186.07%	-483.96%	-499.08%	-558.27%	-151.86%	-1,870.91%	-2,008.11%	-2,667.82%	-2,076.29%	-1,804.98%	-1,763.96%	-3,114.05%	-2,235.46%	-1,800.00%	-2,500.00%	-3,100.00%	-2,500.00%	-2,800.00%	-466.67%
EBIT	-1.91M	-2.63M	-1.85M	-2.34M	-3.81M	-2.95M	-2.41M	-4.24M	-4.28M	-4.41M	-5.85M	-3.68M	-4.13M	-3.87M	-4.00M	-2.59M	-7.57M	-3.30M	-3.75M	-4.26M	-4.77M	-3.95M	-4.54M	-7.57M	-3.70M	-2.60M	-3.20M	-2.50M	-2.90M	-2.90M
EBIT Margin	-209.80%	-486.42%	-146.18%	-282.56%	-243.54%	-198.44%	-159.96%	-342.89%	-213.20%	-276.06%	-270.44%	-187.86%	-488.67%	-504.85%	-563.92%	-154.46%	-1,880.22%	-2,031.27%	-2,701.08%	-2,117.39%	-1,848.39%	-1,816.45%	-3,197.61%	-2,268.17%	-1,850.00%	-2,600.00%	-3,200.00%	-2,500.00%	-2,900.00%	-483.33%
Financial Year End	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	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31