Research Frontiers Reports 2024 Financial Results and Will Host a Conference Call at 4:30p.m. Today
Research Frontiers (Nasdaq: REFR) announced its fourth quarter and full-year 2024 financial results on March 06, 2025. The company will host a conference call at 4:30 p.m. Eastern Time to discuss financial and operating results, along with recent developments. Detailed information is available in the Company's Annual Report on Form 10-K filed with the SEC.
Research Frontiers (Nasdaq: REFR) ha annunciato i risultati finanziari del quarto trimestre e dell'intero anno 2024 il 6 marzo 2025. L'azienda terr脿 una conferenza telefonica alle 16:30 ora orientale per discutere i risultati finanziari e operativi, insieme agli sviluppi recenti. Informazioni dettagliate sono disponibili nel Rapporto Annuale dell'azienda, presentato con il modulo 10-K presso la SEC.
Research Frontiers (Nasdaq: REFR) anunci贸 sus resultados financieros del cuarto trimestre y del a帽o completo 2024 el 6 de marzo de 2025. La empresa llevar谩 a cabo una conferencia telef贸nica a las 4:30 p.m. hora del Este para discutir los resultados financieros y operativos, junto con los desarrollos recientes. La informaci贸n detallada est谩 disponible en el Informe Anual de la Compa帽铆a en el Formulario 10-K presentado ante la SEC.
Research Frontiers (Nasdaq: REFR)電� 2025雲� 3鞗� 6鞚检棎 2024雲� 4攵勱赴 氚� 鞐瓣皠 鞛 瓴瓣臣毳� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 霃欕秬 響滌鞁� 旮办 鞓ろ泟 4鞁� 30攵勳棎 鞛 氚� 鞖挫榿 瓴瓣臣鞕� 斓滉芳 臧滊皽 靷暛鞐� 雽�頃� 雲检潣頃橁赴 鞙勴暣 旎嵓霟办姢 旖滌潉 臧滌禍頃� 鞓堨爼鞛呺媹雼�. 鞛愳劯頃� 鞝曤炒電� SEC鞐� 鞝滌稖霅� 10-K 鞏戩嫕鞚� 須岇偓 鞐半 氤搓碃靹滌棎靹� 頇曥澑頃� 靾� 鞛堨姷雼堧嫟.
Research Frontiers (Nasdaq: REFR) a annonc茅 ses r茅sultats financiers pour le quatri猫me trimestre et l'ann茅e compl猫te 2024 le 6 mars 2025. L'entreprise organisera une conf茅rence t茅l茅phonique 脿 16h30, heure de l'Est, pour discuter des r茅sultats financiers et op茅rationnels, ainsi que des d茅veloppements r茅cents. Des informations d茅taill茅es sont disponibles dans le Rapport Annuel de l'entreprise sur le formulaire 10-K d茅pos茅 aupr猫s de la SEC.
Research Frontiers (Nasdaq: REFR) gab am 6. M盲rz 2025 die finanziellen Ergebnisse des vierten Quartals und des gesamten Jahres 2024 bekannt. Das Unternehmen wird um 16:30 Uhr Eastern Time eine Telefonkonferenz abhalten, um die finanziellen und betrieblichen Ergebnisse sowie aktuelle Entwicklungen zu besprechen. Detaillierte Informationen sind im Jahresbericht des Unternehmens im Formular 10-K, das bei der SEC eingereicht wurde, verf眉gbar.
- None.
- None.
WOODBURY, N.Y., March 06, 2025 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq:听) announced its financial results for its fourth quarter and full-year 2024. Management will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial and operating results as well as recent developments.
| 听 | 鈥� | Who: Joseph M. Harary, President & CEO |
| 听 | 鈥� | Date/Time: Thursday, March 6, 2025, 4:30 PM ET |
| 听 | 鈥� | Dial-in Information:1-888-334-5785 |
| 听 | 鈥� | Replay: Available on Friday, March 7, 2025 for 90 days at |
| 听 | 听 | 听 |
Key Comments:
| 1. | Revenue Growth in the Automotive and Aircraft Markets Research Frontiers royalty income increased by |
| 2. | Expansion of Product Pipeline. 2024 marked the growth in use of SPD-SmartGlass in the Ferrari Purosangue and multiple McLaren car models, as well as the introduction towards the end of 2024 of the Cadillac Celestiq.听Commercial airlines have begun to put SPD in their cabin windows, most notably in both Boeing and Airbus aircraft, as decision making has moved from the OEMs to their airline customers. The Company expects revenue in all market segments to increase as new car models, aircraft, trains, architectural, information display and other products using the Company鈥檚 SPD-SmartGlass technology are introduced into the market. The Company anticipates multiple new car models featuring SPD-SmartGlass technology in 2025 from OEMs in various regions of the world. |
| 3. | Operational Efficiencies and Financial Stability. Expenses decreased by over |
| 听 | 听 |
For more details, please see the Company鈥檚 Annual Report on Form 10-K which was filed today with the SEC, the contents of which are incorporated by reference herein.
About Research Frontiers
Research Frontiers (Nasdaq: REFR) is a publicly traded technology company and the developer of patented SPD-Smart light-control film technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically. Research Frontiers has licensed its smart glass technology to numerous companies that include well known chemical, material science and glass companies. Products using Research Frontiers鈥� smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings. For more information, please visit our website at , and on , , and .
Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward-looking statements. Actual results, especially those reliant on activities by third parties, could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. 鈥淪PD-Smart鈥� and 鈥淪PD-SmartGlass鈥� are trademarks of Research Frontiers Inc.
CONTACT:
Joseph M. Harary
President and CEO
Research Frontiers Inc.
+1-516-364-1902
[email protected]
RESEARCH FRONTIERS INCORPORATED
Consolidated Balance Sheets
December 31, 2024 and 2023
| 听 | 听 | December 31, 2024 | 听 | 听 | December 31, 2023 | 听 | ||
| Assets | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Current assets: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash and cash equivalents | 听 | $ | 1,994,186 | 听 | 听 | $ | 2,475,958 | 听 |
| Royalties receivable, net of reserves of | 听 | 听 | 658,213 | 听 | 听 | 听 | 1,003,404 | 听 |
| Prepaid expenses and other current assets | 听 | 听 | 93,490 | 听 | 听 | 听 | 96,784 | 听 |
| Total current assets | 听 | 听 | 2,745,889 | 听 | 听 | 听 | 3,576,146 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Fixed assets, net | 听 | 听 | 15,052 | 听 | 听 | 听 | 39,598 | 听 |
| Operating lease ROU assets | 听 | 听 | 1,222,640 | 听 | 听 | 听 | 178,715 | 听 |
| Deposits and other assets | 听 | 听 | 56,066 | 听 | 听 | 听 | 56,066 | 听 |
| Total assets | 听 | $ | 4,039,647 | 听 | 听 | $ | 3,850,525 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Liabilities and Shareholders鈥� Equity | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Current liabilities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Current portion of operating lease liability | 听 | $ | 129,875 | 听 | 听 | $ | 212,359 | 听 |
| Accounts payable | 听 | 听 | 85,825 | 听 | 听 | 听 | 50,880 | 听 |
| Accrued expenses | 听 | 听 | 53,327 | 听 | 听 | 听 | 14,192 | 听 |
| Total current liabilities | 听 | 听 | 269,027 | 听 | 听 | 听 | 277,431 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Operating lease liability, net of current portion | 听 | 听 | 1,166,285 | 听 | 听 | 听 | 55,363 | 听 |
| Total liabilities | 听 | 听 | 1,435,312 | 听 | 听 | 听 | 332,794 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Shareholders鈥� equity: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Common stock, par value | 听 | 听 | 3,365 | 听 | 听 | 听 | 3,351 | 听 |
| Additional paid-in capital | 听 | 听 | 128,177,193 | 听 | 听 | 听 | 127,779,221 | 听 |
| Accumulated deficit | 听 | 听 | (125,576,223 | ) | 听 | 听 | (124,264,841 | ) |
| Total shareholders鈥� equity | 听 | 听 | 2,604,335 | 听 | 听 | 听 | 3,517,731 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Total liabilities and shareholders鈥� equity | 听 | $ | 4,039,647 | 听 | 听 | $ | 3,850,525 | 听 |
RESEARCH FRONTIERS INCORPORATED
Consolidated Statements of Operations
Years ended December 31, 2024 and 2023
| 听 | 听 | 2024 | 听 | 听 | 2023 | 听 | ||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Fee income | 听 | $ | 1,335,531 | 听 | 听 | $ | 909,598 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Operating expenses | 听 | 听 | 2,207,397 | 听 | 听 | 听 | 2,359,634 | 听 |
| Research and development | 听 | 听 | 570,007 | 听 | 听 | 听 | 583,266 | 听 |
| Total expenses | 听 | 听 | 2,777,404 | 听 | 听 | 听 | 2,942,900 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Operating loss | 听 | 听 | (1,441,873 | ) | 听 | 听 | (2,033,302 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net investment income | 听 | 听 | 95,339 | 听 | 听 | 听 | 124,938 | 听 |
| Other income | 听 | 听 | 35,152 | 听 | 听 | 听 | - | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net loss | 听 | $ | (1,311,382 | ) | 听 | $ | (1,908,364 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Basic and diluted net loss per common share | 听 | $ | (0.04 | ) | 听 | $ | (0.06 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Weighted average number of common shares outstanding | 听 | 听 | 33,520,904 | 听 | 听 | 听 | 33,453,627 | 听 |
RESEARCH FRONTIERS INCORPORATED
Consolidated Statements of Shareholders鈥� Equity
Years ended December 31, 2024 and 2023
| 听 | 听 | Common Stock | 听 | 听 | Additional Paid-in | 听 | 听 | Accumulated | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | Shares | 听 | 听 | Amount | 听 | 听 | Capital | 听 | 听 | Deficit | 听 | 听 | Total | 听 | |||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||
| Balance, December 31, 2022 | 听 | 听 | 33,150,396 | 听 | 听 | $ | 3,315 | 听 | 听 | $ | 127,150,027 | 听 | 听 | $ | (122,356,477 | ) | 听 | $ | 4,796,865 | 听 |
| Exercise of warrants | 听 | 听 | 358,891 | 听 | 听 | 听 | 36 | 听 | 听 | 听 | 484,466 | 听 | 听 | 听 | - | 听 | 听 | 听 | 484,502 | 听 |
| Share-based compensation | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | 144,728 | 听 | 听 | 听 | - | 听 | 听 | 听 | 144,728 | 听 |
| Net loss | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | (1,908,364 | ) | 听 | 听 | (1,908,364 | ) |
| Balance, December 31, 2023 | 听 | 听 | 33,509,287 | 听 | 听 | 听 | 3,351 | 听 | 听 | 听 | 127,779,221 | 听 | 听 | 听 | (124,264,841 | ) | 听 | 听 | 3,517,731 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Exercise of options | 听 | 听 | 8,500 | 听 | 听 | 听 | 1 | 听 | 听 | 听 | 8,669 | 听 | 听 | 听 | - | 听 | 听 | 听 | 8,670 | 听 |
| Share-based compensation | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | 89,316 | 听 | 听 | 听 | - | 听 | 听 | 听 | 89,316 | 听 |
| Issuance of common stock and warrants | 听 | 听 | 130,434 | 听 | 听 | 听 | 13 | 听 | 听 | 听 | 299,987 | 听 | 听 | 听 | - | 听 | 听 | 听 | 300,000 | 听 |
| Net loss | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | (1,311,382 | ) | 听 | 听 | (1,311,382 | ) |
| Balance, December 31, 2024 | 听 | 听 | 33,648,221 | 听 | 听 | $ | 3,365 | 听 | 听 | $ | 128,177,193 | 听 | 听 | $ | (125,576,223 | ) | 听 | $ | 2,604,335 | 听 |
RESEARCH FRONTIERS INCORPORATED
Consolidated Statements of Cash Flows
Years ended December 31, 2024 and 2023
| 听 | 听 | 2024 | 听 | 听 | 2023 | 听 | ||
| Cash flows from operating activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net loss | 听 | $ | (1,311,382 | ) | 听 | $ | (1,908,364 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Depreciation and amortization | 听 | 听 | 26,169 | 听 | 听 | 听 | 27,348 | 听 |
| AG真人官方ized gain on marketable securities | 听 | 听 | - | 听 | 听 | 听 | (57,149 | ) |
| Share-based compensation | 听 | 听 | 89,316 | 听 | 听 | 听 | 144,728 | 听 |
| Credit loss expense | 听 | 听 | 25,001 | 听 | 听 | 听 | 95,000 | 听 |
| ROU asset amortization | 听 | 听 | 237,394 | 听 | 听 | 听 | 144,794 | 听 |
| Change in assets and liabilities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Royalty receivables | 听 | 听 | 320,190 | 听 | 听 | 听 | (508,805 | ) |
| Prepaid expenses and other assets | 听 | 听 | 3,294 | 听 | 听 | 听 | 4,189 | 听 |
| Accounts payable and accrued expenses | 听 | 听 | 74,080 | 听 | 听 | 听 | (40,386 | ) |
| Operating lease liability | 听 | 听 | (252,881 | ) | 听 | 听 | (196,406 | ) |
| Net cash used in operating activities | 听 | 听 | (788,819 | ) | 听 | 听 | (2,295,051 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash flows from investing activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Purchases of fixed assets | 听 | 听 | (1,623 | ) | 听 | 听 | (1,558 | ) |
| Purchases of marketable securities | 听 | 听 | - | 听 | 听 | 听 | (5,434,386 | ) |
| Sales and maturities of marketable securities | 听 | 听 | - | 听 | 听 | 听 | 5,491,535 | 听 |
| Net cash (used in) provided by investing activities | 听 | 听 | (1,623 | ) | 听 | 听 | 55,591 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash flows from financing activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net proceeds from exercise of options and warrants | 听 | 听 | 8,670 | 听 | 听 | 听 | 484,502 | 听 |
| Proceeds from issuance of common stock and warrants | 听 | 听 | 300,000 | 听 | 听 | 听 | - | 听 |
| Net cash provided by financing activities | 听 | 听 | 308,670 | 听 | 听 | 听 | 484,502 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net decrease in cash and cash equivalents | 听 | 听 | (481,772 | ) | 听 | 听 | (1,754,958 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash and cash equivalents at beginning of year | 听 | 听 | 2,475,958 | 听 | 听 | 听 | 4,230,916 | 听 |
| Cash and cash equivalents at end of year | 听 | $ | 1,994,186 | 听 | 听 | $ | 2,475,958 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Supplemental disclosure of noncash items: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Operating lease assets obtained for operating lease liabilities | 听 | $ | 1,281,319 | 听 | 听 | $ | - | 听 |
FAQ
When will Research Frontiers (REFR) host its Q4 2024 earnings call?
Where can investors find detailed financial results for REFR's 2024 performance?
What will be discussed in Research Frontiers' (REFR) March 2025 conference call?
What stock exchange is Research Frontiers (REFR) listed on?
