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Research Frontiers Inc (REFR) is at the forefront of light-control technology through its pioneering SPD-SmartGlass™. A leading developer and licensor, the company has created a robust infrastructure of over 40 licensees globally, enabling them to address the growing demand for smart glass products across various sectors, including automobiles, homes, buildings, aircraft, boats, and display applications.
The core of their technology lies in suspended particle devices (SPDs). This innovative approach involves a thin film laminate containing rod-like nano-scale particles suspended in a liquid, positioned between two glass or plastic layers. In the absence of voltage, these particles are randomly organized, blocking and absorbing light. When voltage is applied, the particles align, allowing light to pass through. By varying the voltage, the orientation of the particles is altered, regulating the tint and the amount of light transmitted. This unique feature allows SPDs to be manually or automatically tuned to control light, glare, and heat, significantly reducing the need for air conditioning.
Research Frontiers generates revenue by licensing its patented SPD technology to various companies. These partners manufacture and market the SPD-Smart chemical emulsion, produce light-control film, and create light-control panels by laminating the film. They also provide electronics to power these end-products and lamination services.
With a commitment to innovation and quality, Research Frontiers continues to make significant strides in the smart glass industry. Their ongoing projects and partnerships reflect their dedication to enhancing the functionality and efficiency of light-control technologies.
Research Frontiers reported strong Q3 2024 financial results, marking its seventh consecutive quarter of revenue growth. Royalty income increased by 115% in Q3 compared to last year, with particularly robust growth in automotive and aircraft markets showing triple-digit percentage gains. The first nine months of 2024 revenue already exceeded total 2023 revenue, with royalty income up 93% year-over-year. Expenses decreased by $92,000 in Q3 and $150,000 for the nine-month period. The company maintains strong financial stability with $1.65 million in cash and $2.7 million in working capital, with no debt. Multiple new car models featuring SPD-SmartGlass technology are anticipated in 2025.
Research Frontiers (Nasdaq: REFR) has scheduled its third quarter 2024 financial results release and conference call for Thursday, November 7, 2024. The conference call will be held at 4:30 PM Eastern Time, led by President & CEO Joseph M. Harary. The call will cover Q3 2024 financial and operating results, along with recent developments. Participants can dial in at 1-888-334-5785, and questions can be submitted via email to Questions@SmartGlass.com. A replay will be available for 90 days starting November 8, 2024, at smartglass-ir.com.
Research Frontiers Inc. (Nasdaq: REFR) reported its Q2 2024 financial results, showcasing significant growth. Fee income increased by over 165% from Q2 2023 and 56% from Q1 2024, driven by higher royalties from automotive and aircraft markets. The company has experienced six consecutive quarters of year-over-year revenue growth. Total expenses decreased by approximately $105,000 compared to Q2 2023, resulting in a net loss of $94,000 ($0.00 per share). As of June 30, 2024, Research Frontiers had $1.9 million in cash and cash equivalents and $2.8 million in working capital, with no debt. The company expects continued revenue growth across all market segments as new products incorporating its SPD-SmartGlass technology are introduced.
Research Frontiers Inc. (Nasdaq: REFR) has announced its upcoming second quarter 2024 financial results release and conference call. The company will disclose its Q2 2024 financial and operating results on Thursday, August 1, 2024. A conference call led by President & CEO Joseph M. Harary is scheduled for the same day at 4:30 PM Eastern Time. Investors can dial in using the number 1-888-334-5785. Questions can be emailed to Questions@SmartGlass.com. A replay of the call will be available for 90 days starting Friday, August 2, 2024, at https://smartglass-ir.com/.
Research Frontiers and AIT Group have revealed the retrofittable Thermolite RetroWAL SPD-SmartGlass window at the AIA Conference in Washington, DC, on June 6-7, 2024. This advanced window technology allows users to adjust tint levels from clear to dark with ease and can be integrated into existing structures. The SPD-SmartGlass offers several benefits, including UV and infrared protection, heat reduction, and enhanced security. It also contributes to energy efficiency and CO2 emission reduction. The global smart glass market is projected to reach $124 billion by 2028, with a CAGR of 22.8% from 2023 to 2028, driven by architectural applications and regulatory incentives.
Research Frontiers Inc. (Nasdaq: REFR) released its first quarter 2024 financial results, reporting fee income increase by over 26% from the previous year, expecting revenue growth across all market segments, with a strong cash position and no debt, ensuring sufficient working capital for the next five years. A conference call will be held to discuss these results and recent developments.
Research Frontiers Inc. (Nasdaq: REFR) will release its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss financial and operating results. Joseph M. Harary, President & CEO, will lead the call.
FAQ
What is the current stock price of Research Frontiers (REFR)?
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What is SPD-SmartGlass™?
How does SPD technology work?
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What products are made using SPD technology?
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