Financial Data and Key Metrics Changes - The company reported a loss per share of $0.04 for the entire year, which is the lowest since going public [36] - Revenue for the fourth quarter was about half of that in the third quarter due to automotive production cuts [2] Business Line Data and Key Metrics Changes - The company has seen momentum across multiple markets, indicating potential for significant revenue growth in the future [102] - The automotive sector remains the most predictable market for future revenue, with expectations for large sales in 2026 [105] Market Data and Key Metrics Changes - The company is focused on the premium automotive market, where sales are less affected by tariffs compared to lower-end vehicles [54] - The architectural market presents significant opportunities due to the size of the glass market for buildings and homes [127] Company Strategy and Development Direction - The company aims to maintain an asset-light business model while increasing revenues and reducing expenses to move towards profitability [125] - The strategy includes leveraging partnerships with diversified licensees across multiple industries, including automotive, aircraft, architectural, marine, and consumer electronics [129] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a profitable quarter in the coming year, contingent on the timing of new vehicle releases and architectural projects [103] - The company is optimistic about the introduction of new vehicles in 2025, with a shorter lead time for incorporating smart glass technology [75] Other Important Information - The company has a strong focus on intellectual property protection, holding 250 patents and an equal number of patent applications [87] - Management highlighted the importance of timely announcements regarding significant contracts to improve stock performance [116] Q&A Session Summary Question: What was the reason for the revenue drop in Q4? - Management indicated that automotive production cuts were the primary reason for the revenue decline in the fourth quarter [2] Question: Can the company provide quarterly financials? - Management stated that the 10-K only reports yearly financials, and quarterly figures can be derived from those numbers [30] Question: What is the confidence level regarding large sales in 2026? - Management expressed relative confidence in the timing of large sales, although past experiences have shown that timelines can shift [45] Question: Is there any progress on the Sun Visor development? - Management confirmed ongoing progress on both OEM and aftermarket sides but deferred specifics to licensees [60] Question: How does the company view the impact of tariffs on royalties? - Management explained that tariffs would not significantly affect royalties due to the structure of license agreements [54] Question: What is the status of the black particle SPD development? - Management expressed excitement about the black particle SPD, indicating it is a significant focus for the company [67] Question: When can investors expect significant revenue? - Management acknowledged the need for higher revenues to attract more investor interest and is working to secure contracts [116]

Financial Data and Key Metrics Changes - The company reported a loss per share of $0.04 for the entire year, which is the lowest since going public [36] - Revenue for the fourth quarter was about half of that in the third quarter due to automotive production cuts [2] Business Line Data and Key Metrics Changes - The company has seen momentum across multiple markets, indicating potential for significant revenue growth in the future [102] - The automotive sector remains the most predictable market for future revenue, with expectations for large sales in 2026 [105] Market Data and Key Metrics Changes - The company is focused on the premium automotive market, where demand remains strong despite potential tariff impacts [54] - The architectural market presents significant opportunities due to the size of the glass market for buildings and homes [127] Company Strategy and Development Direction - The company aims to maintain an asset-light business model to reduce risks and enhance technology and market expansion [129] - The strategy includes leveraging partnerships with diversified licensees across multiple industries, including automotive, aircraft, and architectural [129] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a profitable quarter in the coming year, contingent on the timing of vehicle releases and architectural projects [103] - The company is optimistic about the introduction of new vehicles in 2025, which could significantly impact revenues [75] Other Important Information - The company has a robust patent portfolio with 250 patents and an equal number of applications, indicating a strong focus on intellectual property protection [87] - Management highlighted the importance of timely announcements regarding significant contracts to improve stock performance [116] Q&A Session Summary Question: What was the reason for the revenue drop in Q4? - Management indicated that automotive production cuts were the primary reason for the revenue decline in the fourth quarter [2] Question: Can the company provide updates on new business announcements? - Management acknowledged the need for better communication and plans to participate in investor conferences to raise awareness [7][8] Question: What is the status of the black particle SPD patent? - Management stated that they are working on strong patent protection but did not disclose specific strategies during the call [13] Question: Is there any progress on the Sun Visor development? - Management confirmed ongoing development on both OEM and aftermarket sides but deferred specifics to licensees [60] Question: What are the expectations for new vehicle introductions in 2025? - Management expects several new vehicle introductions in 2025, with a shorter lead time for implementation compared to previous years [75] Question: How does the royalty structure for the black particles compare to existing agreements? - Management indicated that the royalty structure would likely remain similar, with potential for increased revenue due to higher sales volumes [85]

Financial Data and Key Metrics Changes - Revenues increased by 47% to $1.336 million, driven by a $426,000 increase in royalty income, with a 48% rise in automotive royalties and a 57% increase from aircraft [4][5] - Total expenses decreased by over $165,000, representing a 6% reduction, marking the lowest expense level since 1996 [4] - The net loss for the year was $0.04 per share, an improvement from $0.06 per share last year, indicating the lowest annual loss since going public 38 years ago [5] Business Line Data and Key Metrics Changes - Significant growth was noted in the Ferrari and McLaren business lines, alongside the introduction of the Cadillac Celestiq featuring SPD SmartGlass [6] - Commercial airlines have started incorporating SPD in cabin windows, with notable implementations in Boeing and Airbus aircraft [7] Market Data and Key Metrics Changes - Most revenues and sales are generated in Europe and South America, with a potential shift towards the United States as architectural applications and new domestic vehicles come online [18] Company Strategy and Development Direction - The company is focused on operational efficiency and maintaining an asset-light business model, aiming for cash flow positivity and profitability [113][115] - There is an emphasis on expanding into architectural projects, including retrofitting existing buildings with SPD SmartGlass, which is expected to accelerate the sales cycle [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a profitable quarter in the coming year, contingent on the timing of vehicle releases and architectural retrofits [95] - The company anticipates significant sales growth in 2026, potentially surpassing previous expectations [54] Other Important Information - The introduction of the black particle SPD technology is seen as a significant advancement, with potential market expansion opportunities [15][72] - The company has a robust patent portfolio, with ongoing efforts to protect intellectual property related to new technologies [84] Q&A Session Summary Question: What was the reason for the fourth quarter revenue being about half of the third quarter? - Management indicated that automotive production cuts by carmakers to clear inventory were the primary reason [26] Question: Can we expect announcements regarding new business contracts? - Management confirmed that they will aim to announce significant contracts as they materialize [30] Question: Is there any progress on the sun visor development? - Management confirmed ongoing development on both OEM and aftermarket sides [68] Question: What is the expected impact of tariffs on retail prices? - Management does not expect tariffs to significantly impact revenues, particularly in the premium automotive market [19][62] Question: Are there any updates on the black particle SPD technology? - Management highlighted the importance of the black particle and its potential to expand market opportunities, while also noting the need for further development before mass production [72][84]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission File Number 000-14893 RESEARCH FRONTIERS INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 11-2103466 (State or other jurisdiction of incorporation or organization) 240 CROSSWAYS PARK DRIVE WOODBURY, NEW YORK 11797-2033 (Address of principal executive offices) (Z ...

Core Insights - Research Frontiers Inc. reported a significant increase in royalty income, with a 47% growth in 2024, reaching $1,335,531 compared to $909,598 in 2023, driven by strong performance in the automotive and aircraft markets [2][3] - The company anticipates further revenue growth across various market segments, including new car models and aircraft featuring SPD-SmartGlass technology in 2025 [3] - Operational efficiencies led to a reduction in expenses by over $165,000 (-6%) in 2024, resulting in a decreased net loss of $1,311,382, which is 31% lower than the previous year's loss of $1,908,364 [4][10] Revenue and Market Performance - The increase in royalty income was primarily attributed to double-digit percentage gains in the automotive and aircraft sectors [2] - SPD-SmartGlass technology saw adoption in high-profile vehicles such as the Ferrari Purosangue and McLaren models, as well as in commercial airlines' cabin windows [3] Financial Stability - The company reported cash and cash equivalents of approximately $2.0 million and working capital of $2.5 million as of December 31, 2024, with no debt, ensuring sufficient working capital for at least the next five years [4] - Total assets increased to $4,039,647 in 2024 from $3,850,525 in 2023, while total liabilities rose to $1,435,312 from $332,794 [9][10] Operational Efficiency - Operating expenses decreased to $2,777,404 in 2024 from $2,942,900 in 2023, contributing to improved financial performance [10] - The company achieved an operating loss of $1,441,873 in 2024, a reduction from the previous year's loss of $2,033,302 [10]

Group 1 - Research Frontiers Inc. will release its fourth quarter and full-year 2024 financial results on March 6, 2025, and will host a conference call at 4:30 p.m. Eastern Time to discuss these results and recent developments [1] - Research Frontiers is a publicly traded technology company that develops patented SPD-Smart light-control film technology, allowing precise control of shading in glass or plastic products [2] - The company's smart glass technology has been licensed to various well-known companies in the chemical, material science, and glass industries, and is utilized in numerous applications including cars, aircraft, yachts, and buildings [2] Group 2 - The conference call will be led by Joseph M. Harary, President and CEO of Research Frontiers, and will provide an opportunity for stakeholders to ask questions [4] - A replay of the conference call will be available for 90 days following the event on the company's investor relations website [4]

Event Overview - Research Frontiers Inc and Gauzy are showcasing SPD-SmartGlass technology at the 2024 CES show in Las Vegas, with Gauzy located at Booth 6516 in Automotive West Hall [1] - The event is expected to attract 150,000 attendees, who are invited to visit the Gauzy booth to see the latest developments and products using SPD-SmartGlass technology [1] Press Briefing and CEO Participation - A press briefing will be conducted by Research Frontiers and Gauzy on Thursday, with events for customers earlier in the week [2] - Eyal Peso, CEO of Gauzy, and Joe Harary, CEO of Research Frontiers Inc, will be present at Gauzy’s Booth 6516 on January 9 at 11am ET [2] Market and Industry Insights - The global smart glass market was estimated at $6 6 billion in 2023 and is expected to grow at a CAGR of 9 9% from 2023 to 2030 [3] - Smart glass technology is disrupting multi-billion-dollar industries such as aeronautics, automotive, and architecture [3] - Leading automotive manufacturer Ferrari has installed SPD Smart Glass in its top-selling SUV model [3] Applications and Benefits of Smart Glass - Smart glass allows passengers to control light in aircraft cabins through the touch of a button [3] - The technology is transforming built spaces from design to sustainability, advancing sustainability mandates for OEMs, property owners, and end-users [3] - Smart glass can change from transparent to opaque in milliseconds, enhancing the experience of light in various environments [4] Interactive Experience at CES - Attendees can meet the CEOs of Gauzy and Research Frontiers, who are behind the patents, production, and delivery of SPD Smart Glass [4] - The booth will showcase real-life applications of smart glass in smart buildings, homes, retrofit and new architectural construction, automotive, aircraft, and trains [4]

Licensing Fee Income - The Company's licensing fee income for Q3 2024 was $354,408, a 116% increase from $164,146 in Q3 2023, driven by higher royalties from the automotive and aircraft markets [56]. - For the nine months ended September 30, 2024, licensing fee income reached $1,157,380, up 94% from $597,362 in the same period of 2023, attributed to increased royalties from automotive, aircraft, and architectural markets [62]. Operating Expenses and Net Loss - Operating expenses decreased by $87,769 to $454,866 in Q3 2024 from $542,635 in Q3 2023, mainly due to lower credit loss expenses and reduced marketing costs [57]. - The Company's net loss for Q3 2024 was $166,816 ($0.00 per share), an improvement from a net loss of $472,166 ($0.01 per share) in Q3 2023 [61]. Research and Development - Research and development expenditures for Q3 2024 were $131,246, a slight decrease from $135,319 in Q3 2023 [58]. Other Income and Cash Position - The Company recorded $35,152 in other income for Q3 2024 related to an Employee Retention Credit under the CARES Act [60]. - As of September 30, 2024, the Company had cash and cash equivalents of approximately $1.6 million and working capital of $2.7 million [68]. Future Projections - The projected quarterly cash flow shortfall for the next 12 months is estimated to be between $200,000 and $250,000, with potential for expense reductions [69]. - The Company expects to fund its operations for more than the next five years with current cash and cash equivalents, although future financing may be required [70]. - The automotive market is anticipated to be the largest source of royalty income for the Company over the next several years, influenced by various industry trends [51].

WOODBURY, NY, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) announced today that it will release its third quarter 2024 financial results on Thursday, November 7, 2024. Research Frontiers will host a conference call at 4:30 p.m. Eastern Time on Thursday, November 7, 2024 to discuss its third quarter 2024 financial and operating results, as well as recent developments. Who: Joseph M. Harary, President & CEODate/Time: Thursday, November 7, 2024, 4:30 PM ETDial-in Information: 1-888- ...

Core Insights - Sutro Biopharma has initiated the REFRαME-P1 study for luveltamab tazevibulin (luvelta) targeting pediatric patients with CBFA2T3::GLIS2 acute myeloid leukemia (AML) [1][4] - The trial aims to address a significant unmet need in treating a rare and aggressive form of leukemia in infants and toddlers [2][3] - Luvelta has shown promising results in previous compassionate use cases, with a 42% complete remission rate in pediatric patients [2][3] Company Overview - Sutro Biopharma is a clinical-stage oncology company focused on developing site-specific antibody-drug conjugates (ADCs) [1][8] - The company utilizes its proprietary XpressCF® platform for the development of its therapeutics, including luvelta [6][8] - Sutro has multiple clinical-stage candidates and is engaged in various trials for different cancer types, including ovarian and endometrial cancers [6][8] Clinical Development - The REFRαME-P1 study is a global registration-enabling trial for luvelta in children under 12 years with CBF/GLIS AML [4] - The study is expected to have most sites operational by the end of 2024 [4] - Luvelta has received Fast Track designation from the FDA for ovarian cancer and Orphan and Rare Pediatric Disease designations for CBF/GLIS pediatric AML [7]