REFR
Research Frontiers Incorporated1.4800
-0.0800-5.13%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
49.80MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
10-Q
8-K
LaPointe retires after aerospace push
Research Frontiers Inc. announced the retirement of Michael R. LaPointe, its Vice President of Aerospace Products, effective September 15, 2025, after over 30 years driving SPD-Smart technology's growth. Under his leadership, the company's electronically dimmable windows gained traction in aerospace, securing contracts across five helicopter OEM programs, 12 aircraft OEMs including Airbus and Dassault, one airline retrofit, and over 40 aftermarket models. LaPointe's vision built lasting partnerships. Yet the firm faces risks from third-party dependencies in forward-looking adoption.
10-Q
Q2 FY2025 results
Research Frontiers' Q2 FY2025 fee income fell sharply to $129,904, down 73% y/y from $489,594, while six-month revenue dipped 14% y/y to $689,680, mainly from softer automotive royalties. Operating expenses climbed 63% q/q to $775,922, driven by $165,000 in share-based compensation and $124,000 credit loss expense, pushing the operating loss to $815,104 versus $116,134 last year; net loss widened to $803,826 ($0.02 per share) from $94,022, with the gap to operating loss under 20% tied to lower interest income. Cash drained $720,000 to $1.3 million, yielding negative FCF of $720,000 (derived), yet working capital holds at $1.7 million with no debt. A key European licensee's bankruptcy, accounting for 33% of six-month revenue, disrupts supply but Ferrari has shifted to another licensee. Production ramps in new models could lift royalties. Still, licensee concentration poses risks.
8-K
Annual meeting outcomes approved
Research Frontiers Incorporated held its annual stockholder meeting on June 12, 2025, where shareholders elected Alexander Kaganowicz to the Board with 7,650,814 votes in favor amid 1,331,313 withheld. They ratified CohnReznick LLP as auditors for 2025 with strong 19,376,315 yes votes, approved adding 1,675,000 shares to the 2019 Equity Incentive Plan by 8,307,313 votes, and backed executive pay on a non-binding basis. Votes favored annual say-on-pay frequency. This bolsters governance continuity while expanding equity tools for talent retention.
10-Q
Q1 FY2025 results
Research Frontiers kicked off Q1 FY2025 with fee income surging 79% year-over-year to $559,776, fueled by stronger automotive royalties, though it dipped slightly quarter-over-quarter from year-end momentum (derived). Operating expenses held steady at $636,476, up just 0.5% y/y, while R&D rose 9% to $162,877 on higher occupancy costs, narrowing the operating loss to $239,577 from $469,750 last year. Net loss improved to $177,687, or $0.01 per diluted share on 33.6 million shares, thanks to $47,357 in CARES Act credits offsetting lower investment income; the gap from operating loss stems mainly from that one-time boost. Cash drained $641,000 to $1.4 million amid receivables buildup, yet working capital sits at $2.3 million with no debt and five-plus years of runway. A fresh license through 2030 added $226,400 upfront. Automotive demand drives growth, but licensee concentration poses risks.
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