Latest news with #ResearchFrontiers
Yahoo
3 days ago
- Automotive
- Yahoo
Research Frontiers Inc (REFR) Q2 2025 Earnings Call Highlights: Strong Sales Growth Amidst ...
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Research Frontiers Inc (NASDAQ:REFR) reported substantial sales growth of SPD smart glass sunroofs to Cadillac in Q2 2025, significantly higher than the combined sales of Q4 2024 and Q1 2025. The company successfully transitioned another existing European licensee to supply Ferrari after the bankruptcy of the previous licensee, ensuring continued production and future royalty income. Research Frontiers Inc (NASDAQ:REFR) anticipates additional royalty income from new automotive projects starting in Q3 2025. The company reported a strong first quarter of 2025 with 79% revenue growth from Q1 over the prior year and 214% from the prior quarter, driven by increased demand for SPD smart glass. Research Frontiers Inc (NASDAQ:REFR) remains debt-free and continues to manage its resources effectively, with cash and cash equivalents standing at approximately $1.3 million as of June 30, 2025. Negative Points The second quarter results appeared disappointing due to one-time and non-cash charges, including those related to the bankruptcy of a European licensee. Royalty income was down in Q2 2025 due to the bankruptcy of a licensee supplying Ferrari, resulting in no royalty income being booked from them for the quarter. The company faced challenges with the architectural retrofit market, as some projects require extensive energy data and testing before full-scale adoption. Research Frontiers Inc (NASDAQ:REFR) experienced a setback with a European licensee's bankruptcy, which affected their financial performance and required accounting adjustments. The company acknowledged that SPD smart glass is not the low-cost alternative compared to PDLC, which remains cheaper and is sometimes chosen by automakers for cost reasons. Q & A Highlights Warning! GuruFocus has detected 2 Warning Signs with REFR. Q: Can you provide an update on the development of SPD Black and its potential impact on the market? A: Joe Harari, President and CEO, stated that the development of SPD Black is progressing well and faster than anticipated. The latest SPD film looks impressive, and key OEMs have shown a positive response. This development is expected to enhance the company's market position significantly. Q: How is the company managing the impact of the bankruptcy of a European licensee supplying Ferrari? A: Joe Harari explained that the bankruptcy was anticipated, and another existing European licensee has successfully transitioned to supply Ferrari. Although no royalty income was booked from the bankrupt licensee for Q2, the company expects additional income from the new supplier in the third and fourth quarters of 2025. Q: What are the prospects for SPD technology in the architectural market, particularly for retrofitting windows? A: Joe Harari highlighted that the retrofit application is a game changer, allowing SPD windows to be installed from inside buildings, avoiding scaffolding and landlord approval. This innovation is expected to significantly impact energy efficiency and is driven by the Dynamic Glass Act, offering tax credits for energy-efficient upgrades. Q: How is the company addressing the competitive landscape, particularly against PDLC technology? A: Joe Harari acknowledged that while PDLC is currently cheaper, SPD offers superior performance. The company is focused on reducing SPD costs through increased volumes and new projects, which will enhance its competitive edge over PDLC. Q: What is the outlook for the company's financial performance in the coming quarters? A: Joe Harari expressed optimism about the financial outlook, expecting increased royalty income from automotive projects and architectural retrofits. The company anticipates becoming cash flow positive as new car models and products using SPD technology are introduced into the market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Upturn
04-08-2025
- Business
- Business Upturn
RESEARCH FRONTIERS TO HOST SECOND QUARTER 2025 CONFERENCE CALL
By GlobeNewswire Published on August 4, 2025, 17:30 IST WOODBURY, NY, Aug. 04, 2025 (GLOBE NEWSWIRE) — Research Frontiers Inc. (Nasdaq: REFR) announced today that it will release its second quarter 2025 financial results on Thursday, August 7, 2025. Research Frontiers will host a conference call at 4:30 p.m. Eastern Time on Thursday, August 7, 2025 to discuss its second quarter 2025 financial and operating results, as well as recent developments. 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' 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 Facebook, Twitter, LinkedIn and YouTube. 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. 'SPD-Smart' and 'SPD-SmartGlass' are trademarks of Research Frontiers Inc. CONTACTJoseph M. HararyPresident and CEOResearch Frontiers Inc. +1-516-364-1902 [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Globe and Mail
14-07-2025
- Automotive
- Globe and Mail
Gauzy, in Collaboration with Research Frontiers, Announces Its SPD Smart Glass in Serial Production for GM's Cadillac CELESTIQ, Now Being Delivered to Customers
NEW YORK, July 14, 2025 — Gauzy Ltd. (NASDAQ:GAUZ), a global leader in light and vision control technologies, joined by Research Frontiers (NASDAQ:REFR), today announced the first customer delivery of General Motors' Cadillac CELESTIQ, their first fully electric vehicle sedan featuring patented SPD (Suspended Particle Device) smart glass technology supplied by Gauzy. As part of Gauzy's ongoing production program with GM and longstanding involvement in bringing SPD technology to market, this milestone marks the first customer delivery of the CELESTIQ with serially produced electronically dimmable SPD smart glass. This milestone underscores Gauzy's continued leadership in advanced smart materials for the automotive sector and its broad collaboration with Research Frontiers to supply the highest-performing smart glass technology in serial production. The CELESTIQ's roof features the industry's largest piece of dimmable smart glass ever used in a production vehicle, segmented into four independently controlled zones, allowing each occupant to tailor the tint level above them, enabled by SPD. Powered by Gauzy's dynamic SPD technology, the glass switches in seconds to block up to 99.5% of visible light, 99% of harmful ultraviolet (UV) rays, and 95% of infrared (IR) radiation, which can help reduce HVAC energy consumption by up to 40% compared to traditional fixed-tint glass. These performance benefits also help to increase the effective driving range of electric vehicles. This advanced light control system not only enhances passenger comfort but also supports broader EV performance goals. HVAC systems can consume up to 30% of an electric vehicle's energy under extreme conditions, making smart glass a strategic technology to increase driving range and improve in-cabin efficiency. 'This collaboration with GM is a significant leap forward in bringing dynamic glass from concept to reality at a production scale,' said Eyal Peso, CEO and Co-founder of Gauzy. 'We're enabling more sustainable, high-performance vehicle cabins that meet the demands of modern EV platforms. Cadillac's theme of providing a completely customizable experience for its drivers and passengers was made even further possible by our multi-zone SPD panoramic glass roof, and we are proud to be part of this unique model. We continue to ramp up shipments for this model, further deepening our relationship with GM.' Backed by a robust portfolio of patents in SPD light control and related advanced material technologies by Gauzy and Research Frontiers, Gauzy offers a scalable smart materials platform that provides OEMs with a competitive edge in both performance and sustainability. The CELESTIQ program demonstrates Gauzy's ability to bring advanced materials to serial production while meeting the high standards of global automotive leaders. With large and replicable SPD film coating capabilities, Gauzy is well positioned to support both niche vehicle models and large-scale OEM platforms. The commercial launch with GM follows SPD integrations in vehicle models from Ferrari, McLaren, and Mercedes-Benz, expanding Gauzy's presence across premium and performance vehicle segments. With ongoing serial production, Gauzy's SPD SmartGlass is primed for broader integration across future vehicle platforms as automakers focus on energy-efficient, software-defined cabins and enhanced passenger experiences. Joseph M. Harary, President and CEO of Research Frontiers, added: 'We congratulate Gauzy, GM and its Cadillac division and the robust supply chain for automotive SPD-SmartGlass on this milestone. For large surface areas like panoramic roofs, SPD-SmartGlass is the ideal variable tint technology thanks to its rapid switching speed, wide light transmission range, and uniform tinting, without the 'iris effect' seen in slower, less consistent alternative technologies. SPD switches in just one to two seconds regardless of size, draws minimal power at only 0.06 watts per square foot, and requires no energy to remain dark when the vehicle is parked.' According to industry analysts, the global automotive smart glass market is projected to grow from $16 billion in 2024 to over $25 billion by 2028, fueled by rapid EV adoption and the increasing demand for intelligent in-cabin technologies. Gauzy's innovative SPD product portfolio and expanding OEM partnerships place the company at the forefront of this accelerating market. About Gauzy Gauzy Ltd. (NASDAQ:GAUZ) is a global leader in light and vision control technologies, specializing in the research, development, manufacturing, and marketing of advanced material science solutions that enhance comfort, safety, energy efficiency, and user experience. Headquartered in Tel Aviv, Israel, Gauzy operates across key international markets through subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. The company's technologies are deployed by leading brands in the automotive, aerospace, and architectural sectors in over 60 countries through direct channels and a certified distribution network. For more information, visit About Research Frontiers Research Frontiers Inc. (NASDAQ:REFR) is a global leader in light-control innovation and the developer and licensor of patented SPD-SmartGlass technology. Headquartered in Woodbury, New York, the company enables dynamic shading solutions that allow users to precisely and uniformly control light, glare, and heat through glass or plastic, either manually or automatically. SPD-SmartGlass is used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings, and specialty applications around the world. With hundreds of patents and a growing partner ecosystem, Research Frontiers continues to advance light-control solutions that enhance comfort, energy efficiency, and user experience. For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements may include, but are not limited to, statements regarding Gauzy and Research Frontiers' expected financial performance, future growth, strategic plans, product development, market expansion, business outlook, and milestones. Words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'target,' 'will,' 'would,' and similar expressions are intended to identify forward-looking statements. These forward-looking statements reflect current views with respect to future events and are based on assumptions and information currently available. Actual results may differ materially from those projected due to a number of risks and uncertainties, including, but not limited to, those related to market conditions, customer demand, product performance, economic conditions, competition, and other factors beyond the company's control. For a detailed discussion of these and other risks that may impact Gauzy's and Research Frontiers' business, please refer to each the company's filings with the U.S. Securities and Exchange Commission, including Gauzy's most recent Annual Report on Form 20-F. Gauzy and Research Frontiers undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by law. 'SPD-Smart' and 'SPD-SmartGlass'are trademarks of Research Frontiers Inc. IR and Media Contact Info Media – press@ Investors – ir@ Featured Image @ Freepik
