Research Frontiers Incorporated reported its financial results for the first quarter of 2025, revealing a significant increase in fee income and a reduction in net loss compared to the same period in 2024. The company generated $559,776 in fee income, a 79% increase from $313,378 in the first quarter of 2024. This growth was primarily driven by higher royalties from the automotive market, which the company anticipates will continue to be a major source of revenue as new vehicle models incorporating its SPD-SmartGlass technology are introduced.
Operating expenses for the quarter rose slightly to $636,476 from $633,387 in the prior year, reflecting increased payroll and occupancy costs. Research and development expenses also increased to $162,877, up from $149,741, largely due to higher occupancy costs. Despite these increases, the company reported a net loss of $177,687, a notable improvement from the $442,604 loss recorded in the same quarter last year. The basic and diluted net loss per share remained at $(0.01) for both periods.
In terms of operational metrics, Research Frontiers maintained a consistent employee headcount, with 33,648,221 shares of common stock outstanding as of March 31, 2025. The company continues to rely on its licensing agreements, with over 40 licensees across various sectors, including automotive, architectural, and aerospace markets. The company’s cash and cash equivalents stood at approximately $1.4 million, with working capital of $2.3 million and total shareholders' equity of $2.4 million.
Looking ahead, Research Frontiers expressed optimism about its future revenue potential, particularly from the automotive sector, where it expects increased adoption of its SPD technology. The company plans to utilize its cash reserves to fund ongoing research and development, marketing initiatives, and other operational needs. However, it acknowledged the potential need for additional financing in the future, depending on market conditions and operational demands. The company remains focused on the commercialization of its technology and the generation of positive cash flow through its licensees.
About RESEARCH FRONTIERS INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.