SOUTH SAN FRANCISCO, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Sutro Biopharma, Inc. (Sutro or the Company) (NASDAQ: STRO), a clinical-stage oncology company pioneering site-specific and novelformat antibody drug conjugates (ADCs), today announced that REFRαME-L1, the global Phase 2 study of luveltamab tazevibulin (luvelta) for patients with non-small cell lung cancer (NSCLC) whose tumor expresses Folate Receptor-α (FRα), has been initiated and is open for enrollment. Initial data from this study is expecte ...

Financial Data and Key Metrics Changes - Royalty income increased by 165% compared to the same quarter last year and rose over 56% from the first quarter of 2024, marking the sixth consecutive quarter of revenue growth [4][54] - For the first half of 2024, royalty income surged by over 85% compared to the same period last year, driven by growth in automotive and aircraft markets [4][54] - The company reported a net loss of $94,000 for the second quarter, with expenses about $105,000 lower than the previous quarter [5] Business Line Data and Key Metrics Changes - Sales of SPD-SmartGlass technology in the automotive sector, particularly with Ferrari and McLaren, remain strong, with Ferrari limiting production to maintain exclusivity [6][7] - The number of SPD roofs sold in 2024 is on track to triple compared to last year, indicating significant demand growth [7] - In the aircraft market, revenues also increased, with a shift in decision-making allowing customers to choose SPD technology, enhancing its adoption [9][10] Market Data and Key Metrics Changes - The architectural glass market is seeing positive developments due to government mandates for energy-efficient glass and tax credits encouraging adoption [14][15] - The Dynamic Glass Act offers substantial tax credits for adopting SmartGlass, which is expected to drive further market penetration [15] Company Strategy and Development Direction - The company anticipates continued growth in existing markets and new product introductions in the second half of 2024 [5][54] - Strategic partnerships, particularly with Gauzy, are expected to enhance production capabilities and market reach [53][54] - The company is focusing on expanding into the architectural market, leveraging regulatory support and increasing demand for energy-efficient solutions [15][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving higher royalty income in Q3 and Q4, expecting to surpass last year's levels [5][54] - The company highlighted the importance of energy efficiency and comfort in its technology, aligning with current market trends [34][36] - Management noted that the SmartGlass industry is becoming stronger, with increased resources and adoption of SPD technology across various sectors [57] Other Important Information - The company remains debt-free and has over $1.9 million in cash and cash equivalents, with sufficient working capital for more than five years of operations [5] - Competitors in the SmartGlass industry are facing challenges, with some companies filing for bankruptcy, while Research Frontiers continues to thrive [16][17] Q&A Session Summary Question: Who are the other key distributors for the company? - Key distributors include Ferrari, McLaren, and the aircraft markets, with variations in end product pricing affecting royalties [28] Question: What kind of incremental revenues would be received from Gauzy if they were operating at capacity? - If Gauzy were at capacity, it could potentially generate about $100 million in revenue for the company, depending on market dynamics [29][30] Question: What is the company doing to inform institutions and money managers about its existence? - The company is consistently communicating the benefits of its technology and leveraging partnerships to amplify its message [34][36] Question: Is Gauzy the only major company producing the film? - Gauzy is the primary producer of SPD film, having acquired Hitachi's SPD business, which enhances their production capacity and expertise [39] Question: Will there be a breakdown between what Gauzy does with PDLC and SPD? - It is unlikely due to SEC rules requiring companies to combine their business units, but Gauzy has higher margins on SPD products [44] Question: Is there a plan to hire a financial public relations firm? - The company is currently interviewing potential firms to enhance its communication strategy [45] Question: What is the expected timeline for the launch of the new Asian auto manufacturer? - A meeting is scheduled at the end of the month to discuss the launch details [42]

WOODBURY, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) announced its financial results for its second quarter of 2024. Management will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial and operating results as well as recent developments. • Who: Joseph M. Harary, President & CEO • Date/Time: Thursday, August 1, 2024, 4:30 PM ET • Dial-in Information:1-888-334-5785 • Replay: Available on Friday, August 2, 2024 for 90 days at https://smartglass-i ...

WOODBURY, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (NASDAQ:REFR) announced its financial results for its second quarter of 2024. Management will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial and operating results as well as recent developments. • Who: Joseph M. Harary, President & CEO • Date/Time: Thursday, August 1, 2024, 4:30 PM ET • Dial-in Information:1-888-334-5785 • Replay: Available on Friday, August 2, 2024 for 90 days at https://smartglass-ir ...

Who: Joseph M. Harary, President & CEO Date/Time: Thursday, August 1, 2024, 4:30 PM ET Dial-in Information: 1-888-334-5785 Questions: Email to Questions@SmartGlass.com Replay: Available on Friday, August 2, 2024 for 90 days at https://smartglass-ir.com/ WOODBURY, NY, July 29, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) announced today that it will release its second quarter 2024 financial results on Thursday, August 1, 2024. Research Frontiers will host a conference call at 4:30 p.m. Eas ...

WOODBURY, NY, July 29, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) announced today that it will release its second quarter 2024 financial results on Thursday, August 1, 2024. Research Frontiers will host a conference call at 4:30 p.m. Eastern Time on Thursday, August 1, 2024 to discuss its second quarter 2024 financial and operating results, as well as recent developments. Who: Joseph M. Harary, President & CEO Date/Time: Thursday, August 1, 2024, 4:30 PM ET Dial-in Information: 1-888-33 ...

Research Frontiers, Inc. (NASDAQ:REFR) Q1 2024 Earnings Conference Call May 9, 2024 5:30 PM ET Company Participants Joe Harary - President & CEO Conference Call Participants Michael Kay - Kay Associates Leonard Leetzow - Wealth Planning and Design Alan Ginsberg - Private Investor Thomas McCarthy - Private Investor August Berman - Private Investor Dave Paradiso - Private Investor Operator Good afternoon, ladies and gentlemen. Welcome to Research Frontiers Investor Conference Call to discuss the First Quarter ...

(Exact name of registrant as specified in its charter) | DELAWARE | 11-2103466 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 240 CROSSWAYS PARK DRIVE | | | WOODBURY, NEW YORK | 11797-2033 | | (Address of principal executive offices) | (Zip Code) | Registrant's telephone number, including area code (516) 364-1902 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO S ...

Research Frontiers Incorporated (NASDAQ:REFR) Q4 2023 Earnings Conference Call March 7, 2024 4:30 PM ET Company Participants Joe Harary - President and Chief Executive Officer Conference Call Participants Ted Campbell - Private Investor Alan Ginsberg - Private Investor Jerrod Sherman - Strategic Planning Group Art Brady - Private Investor John Nelson - Private Investor August Berman - Private Investor Mike Selnick - Private Investor Bruce Denny - Private Investor Jeff Harvey - Private Investor Seth Nickerso ...

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, 2023 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 ...