Core Viewpoint - Research Frontiers Inc. announced the integration of its SPD-SmartGlass technology in the new Mercedes-Benz Vision V show car, showcasing the growing adoption of this technology in the automotive industry to enhance comfort, energy efficiency, and personalization [1][2][6]. Group 1: Technology and Innovation - Approximately 75% of the Vision V's glazing area features SPD-SmartGlass technology, highlighting its significant role in modern automotive design [2]. - The Vision V marks the first use of Gauzy's dual smart glass stack, combining SPD and PDLC technologies, allowing for seamless transitions between different glass states [5]. - SPD-SmartGlass technology has been adopted by other luxury automotive brands, including Cadillac, Ferrari, and McLaren, as well as in various aircraft and architectural projects, demonstrating its versatility [4]. Group 2: Benefits of SPD-SmartGlass - SPD-SmartGlass can reduce cabin temperatures by up to 18 degrees Fahrenheit (10 degrees Celsius), leading to smaller air conditioning systems and improved energy efficiency [7]. - The technology allows for instantaneous adjustment to light and heat conditions, providing a more comfortable passenger experience [7]. - By reducing air conditioning loads, SPD-SmartGlass can extend the driving range of vehicles by up to 5.5% and decrease CO2 emissions by up to 4 grams per kilometer [7]. Group 3: Industry Impact - The continued reliance on SPD-SmartGlass by Mercedes-Benz signifies its importance in the future of luxury mobility, especially as the industry shifts towards electric and autonomous vehicles [6]. - Research Frontiers emphasizes its commitment to supporting the growing adoption of SPD-SmartGlass technology worldwide, indicating a strong market presence and potential for future growth [6].

Mercedes-Benz Chooses Gauzy's Dual Smart Glass Technology Stack, Combining both SPD & PDLC, Highlighting the Evolution of Automotive Smart Glass Integration by Mercedes-Benz. Approximately 75% of the Show Cars' Vehicle Glazing Includes Gauzy's Dual Smart Glass Stack, Showcasing the Widespread Applications and Benefits of this Technology When Used Throughout a Vehicle. Solidifies Mercedes-Benz and Gauzy's Continued Partnership, and Underscores Mercedes-Benz's Commitment to Bring State-of-the-Art Technologies ...

Mercedes-Benz Chooses Gauzy’s Dual Smart Glass Technology Stack, Combining both SPD & PDLC, Highlighting the Evolution of Automotive Smart Glass Integration by Mercedes-Benz. Approximately 75% of the Show Cars’ Vehicle Glazing Includes Gauzy’s Dual Smart Glass Stack, Showcasing the Widespread Applications and Benefits of this Technology When Used Throughout a Vehicle. Solidifies Mercedes-Benz and Gauzy’s Continued Partnership, and Underscores Mercedes-Benz's Commitment to Bring State-of-the-Art Technologies ...

Gauzy's Long-Established 20,000 SqFt Production Facility in Florida, Originally Designated to Support U.S. Aeronautics Customers, Already Serves All Company Divisions, Including Architecture, Automotive, SafetyTech and Aeronautics Gauzy Continues to Grow Its Operations at All Four of Its Proprietary Production Sites in Tel Aviv (IL), Melbourne (FL) Lyon (FR) and Stuttgart (GER)to Ensure Continuous and Optimized Delivery of Its Products obligation to publicly update or revise any forward-looking statement, w ...

Gauzy's Smart Glass, Covering 75% of the new landmark's facade, to be experienced daily by an estimated 36,000 voyagers and visible to an average of 42,000 passing vehicles – Reaching more than 30 Million People Annually. Showcases in-demand application for architectural smart glass facades, a significant contributor to the $44B Global Addressable Market for Smart Glass in Buildings. TEL AVIV, Israel and MIAMI, April 14, 2025 (GLOBE NEWSWIRE) -- Gauzy Ltd. (NASDAQ:GAUZ), a global leader in light and vision ...

TEL AVIV, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- Gauzy Ltd. (NASDAQ:GAUZ), a global leader of vision and light control technologies, today announced that its senior management will attend the Jefferies Virtual Cleantech and Utility Equipment Conference on Friday, March 28, 2024. About Gauzy Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to support safe, susta ...

Company Overview - Gauzy is identified as an early-stage disruptor targeting a significant addressable market valued at $44 billion [1] Investment Philosophy - The investment approach emphasizes seeking bargains in any market, particularly in emerging markets, and is influenced by renowned investors like Li Lu and Peter Lynch [1] - The investor adopts an owner-mindset, focusing on individual company performance rather than macroeconomic factors [1] Economic Perspective - The investment philosophy is heavily influenced by Austrian economic thinkers such as Henry Hazlitt, Friedrich Hayek, and Ludwig Von Mises, indicating a preference for clear and logical economic reasoning [1]

Financial Performance and Risks - The company has incurred an accumulated deficit of approximately $225.0 million as of December 31, 2024, with net losses of $53.2 million and $79.3 million for the years ended December 31, 2024 and 2023, respectively[49]. - The company anticipates significant expenses and losses for at least the near and medium term as it continues to develop its product portfolio and expand operations[50]. - The company must effectively manage capital expenditures and costs associated with its operations to achieve future profitability[58]. - The company may need to raise additional capital before becoming profitable from sales of its light and vision control products, which could delay or limit product development efforts[59]. - The company faces risks related to its ability to generate sufficient cash flows to service its debt obligations, which could lead to liquidity problems[198]. - The company may incur substantial additional debt in the future, which could exacerbate financial risks[200]. Market and Competitive Landscape - The company invests significant effort and capital in seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, primarily in the aeronautics and automobile markets, with development cycles lasting approximately one to four years[43]. - Future growth is highly dependent on large-scale adoption of light and vision control products in automotive, transportation, architecture, and aeronautic markets[73]. - The competitive landscape includes numerous competitors, and failure to compete successfully in product development may adversely affect the company's financial condition[77]. - The company has a competitive advantage as the sole developer of multiple smart glass technologies, providing comprehensive solutions for light and vision control systems across various markets[78]. Regulatory and Compliance Risks - The company faces risks related to compliance with numerous laws and regulations across various countries concerning the manufacturing and sale of its products[46]. - The company is subject to numerous laws and regulations across various countries, and failure to comply could result in significant penalties and harm to business operations[117]. - Environmental laws and regulations are expected to become more stringent, potentially increasing compliance costs and impacting financial performance[127]. - The company must adapt to evolving automotive and aeronautic safety regulations, which could present both opportunities and challenges for its products[121]. - The company is subject to various laws and regulations related to data privacy and security, which are continually evolving and could adversely affect its business and financial condition[134]. Supply Chain and Operational Risks - The company is exposed to high repair and replacement costs for defective products, which could adversely affect its operations and profitability[55]. - The company faces risks related to raw material supply, including potential shortages and price volatility, which could adversely affect sales and operating results[64][66]. - The company relies on complex machinery for operations, which may suffer unexpected malfunctions, affecting operational efficiency and cash flows[75]. - The ongoing conflict between Russia and Ukraine has negatively impacted the global economy, leading to material shortages and increased costs for raw materials[98]. - Economic uncertainty and geopolitical tensions could adversely affect demand for the company's products and overall business performance[104]. Intellectual Property and Technology - The company's ability to protect intellectual property through patents and trade secrets is critical for competitive positioning[167]. - The company's patent portfolio consists of 146 patents and 16 pending patent applications, which are crucial for the commercialization of new products[182]. - The company may face challenges from third-party intellectual property rights, which could require costly litigation or licensing agreements[172]. - The company has made significant investments in machine learning and artificial intelligence technologies, but there are risks associated with their development and deployment[187]. Employee and Operational Impact - The company faces potential difficulties in collecting accounts receivable due to fluctuations in foreign currency exchange rates and longer sales cycles[103]. - The company may need to provide higher than normal raises to employees due to inflation, which could affect operating income if costs cannot be passed on to customers[105]. - As of March 1, 2025, one employee in Israel is serving in active duty, and additional employees may be called up for military service, potentially disrupting operations[230]. - Approximately 22% of the company's employees and 25% of its production lines are located in Israel[231]. Shareholder and Market Dynamics - The market price of the company's ordinary shares may be volatile, and it may not be able to meet investor or analyst expectations, potentially affecting share value[46]. - The company has never declared or paid dividends and intends to retain future earnings to finance operations and expand its business[203]. - The company has a significant concentration of share ownership, with directors and major shareholders owning over 21.66% of ordinary shares, potentially influencing shareholder decisions[202]. Acquisitions and Growth Strategies - The company completed the acquisition of Vision Lite in January 2022 and Resonac Corporation's full SPD intellectual property portfolio in September 2023, which included new technology research and development[84]. - The company faces risks in future acquisitions, including difficulties in identifying candidates, inability to secure favorable terms, and potential disruptions to ongoing business operations[85]. - The company anticipates significant increases in operational and financial systems to support future growth, which may lead to operational inefficiencies if not managed effectively[90].

Core Insights - The company reported a fourth quarter revenue growth of 41.8%, reaching $31.1 million, driven by strong performance across all segments, particularly in Safety Tech and Aeronautics [1][8] - The adjusted net loss for the quarter narrowed to $3.7 million from $11.2 million in the prior year, marking a significant improvement in profitability [1][11] - The company achieved its first-ever quarter of positive adjusted EBITDA at $0.2 million, compared to a negative $6.0 million in the same quarter last year [1][11] - Full-year sales surpassed $100 million for the first time, with over 80% of sales coming from recurring customers [1][5] - The company introduced a 10-year committed and contracted backlog, indicating strong long-term demand across segments [1] - Initial guidance for 2025 anticipates healthy double-digit revenue growth and the first full year of positive adjusted EBITDA [1][19] Fourth Quarter 2024 Highlights - Revenue for the fourth quarter increased to $31.1 million, a 41.8% increase from $22.0 million in Q4 2023 [7][8] - Gross profit for the quarter was $11.4 million, up 81.4% from $6.3 million in the prior year, with a gross margin improvement to 36.5% from 28.5% [9][10] - Total operating expenses rose to $15.8 million, a 5.5% increase compared to $15.0 million in Q4 2023, primarily due to increased stock-based compensation [10] Full Year 2024 Highlights - Total revenue for the full year reached $103.5 million, a 32.8% increase from $78.0 million in 2023 [7] - The gross margin for the full year improved to 28.7%, up 310 basis points from 25.6% in the previous year [7] - The net loss for the year was $53.2 million, reduced from a loss of $79.3 million in 2023 [7] Segment Performance - **Safety-Tech Division**: Revenue increased by 73.0% to $13.0 million, with gross profit rising 212.7% to $3.0 million [12] - **Aeronautics Division**: Revenue grew by 26.7% to $13.4 million, with gross profit increasing 62.2% to $6.8 million [13] - **Architecture Division**: Revenue rose by 31.8% to $4.1 million, with gross profit up 54.8% to $1.5 million [16] - **Automotive Division**: Revenue decreased by 14.7% to $0.7 million, reflecting timing impacts of full-year orders [17] Financial Position - As of December 31, 2024, the company had total liquidity of $40.6 million, including $5.6 million in cash and a $35.0 million undrawn credit facility [18] - Total debt stood at $38.4 million, with a significant portion being short-term receivable financings [18] Future Outlook - The company expects full-year revenue for 2025 to be in the range of $130 million to $140 million, representing approximately 30% growth compared to 2024 [19] - The anticipated positive adjusted EBITDA for 2025 is expected to be supported by a strong recurring revenue base and operational leverage [19]

Core Viewpoint - Gauzy Ltd. will release its financial results for Q4 and the full year ended December 31, 2024, on March 11, 2025, before market opening, followed by a conference call at 8:30 a.m. EDT to discuss the results [1]. Company Overview - Gauzy Ltd. is a fully-integrated company specializing in light and vision control technology, focusing on smart glass technologies and advanced driver assistance systems (ADAS) [4]. - The company is headquartered in Tel Aviv, Israel, with subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates, serving over 30 countries [4]. - Gauzy collaborates with leading brands across various sectors, including aeronautics, automotive, and architecture, through a certified distribution channel and partner network [4].