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Research Frontiers(REFR) - 2022 Q1 - Quarterly Report
2022-05-05 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) of THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarter ended March 31, 2022 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 | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 240 CROSSWAYS PARK DRIVE | ...
Research Frontiers(REFR) - 2021 Q4 - Earnings Call Transcript
2022-03-10 19:51
Research Frontiers Incorporated (NASDAQ:REFR) Q4 2021 Earnings Conference Call March 9, 2022 4:30 PM ET Company Participants Joe Harary - President & Chief Executive Officer Darryl Daigle - Director Alex Kaganowicz - Director Graham Settle - Director Conference Call Participants Michael Kay - Kay Associates Alan Yakuboff - Kingsview Asset Management John Nelson - PointView Research Operator Good afternoon, ladies and gentlemen. Welcome to Research Frontiers Investor Conference Call to discuss the Fourth Qua ...
Research Frontiers(REFR) - 2021 Q4 - Annual Report
2022-03-09 21:00
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, 2021 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 ...
Research Frontiers(REFR) - 2021 Q3 - Earnings Call Transcript
2021-11-09 14:54
Research Frontiers Inc (NASDAQ:REFR) Q3 2021 Earnings Conference Call November 4, 2021 4:30 PM ET Company Participants Joe Harary – President and Chief Executive Officer Conference Call Participants John Nelson – PointView Research Ronald Rosato – Capitol Securities Management Operator Good afternoon, ladies and gentlemen. Welcome to Research Frontiers' Investor Conference Call to discuss the Third Quarter 2021 Results of Operations and Recent Developments. During today's presentation, all parties will be i ...
Research Frontiers(REFR) - 2021 Q3 - Quarterly Report
2021-11-04 20:01
Financial Performance - The Company's fee income from licensing activities for the three months ended September 30, 2021 was $723,465, a $557,837 increase from $165,628 for the same period in 2020[72]. - For the nine months ended September 30, 2021, the Company's fee income from licensing activities was $1,050,526, representing a $352,612 increase from $697,914 for the same period in 2020[77]. - The Company's net income for the three months ended September 30, 2021 was $21,614, compared to a net loss of $434,223 for the same period in 2020[76]. Operating Expenses - Operating expenses for the three months ended September 30, 2021 increased to $571,024 from $472,424, an increase of $98,600[73]. - Research and development expenditures decreased to $135,215 for the three months ended September 30, 2021 from $136,649 for the same period in 2020[74]. Cash Flow and Liquidity - The Company's cash and cash equivalents balance decreased by $1,788,093 during the nine months ended September 30, 2021, primarily due to cash used for operations of $1,873,389[84]. - As of September 30, 2021, the Company had cash and cash equivalents of $2,984,612 and working capital of $4,220,256[84]. - Current cash and cash equivalents are expected to fund operations until mid-2023[86]. - The Company has not generated sufficient revenue from its licensees to fully fund its operations[86]. Future Outlook - The Company expects the automotive market to be the largest source of its royalty income over the next several years, influenced by various trends affecting demand[67]. - The Company anticipates generating additional royalty income from the introduction of new car and aircraft models, as well as growth in the marine industry and architectural projects[68]. - Future success and positive cash flow will depend on the commercialization of products by licensees and ongoing royalty payments[86]. Other Income and Market Risk - The Company recorded $202,052 as other income for the nine months ended September 30, 2020, representing the portion of the PPP loan estimated to be forgiven[81]. - There has been no material change in the disclosure regarding market risk since the last Annual Report[87].
Research Frontiers(REFR) - 2021 Q2 - Earnings Call Transcript
2021-08-08 14:45
Financial Data and Key Metrics Changes - The company made significant further reductions in costs, although specific financial data was not disclosed during the call [6][54]. Business Line Data and Key Metrics Changes - The automotive sector is experiencing a major trend towards electric vehicles, with the U.S. government targeting 50% of all vehicles sold to be zero-emission by 2030. The company's SPD-SmartGlass can increase the driving range of electric vehicles by up to 5.5% [8][9]. - SPD-SmartGlass has been proven to reduce cabin temperatures by 18 degrees Fahrenheit, allowing car manufacturers to reduce the size of air conditioning compressors by up to 40% [11][27]. - The company has about 250 patents on its basic material, which is being utilized in various innovative ways across different industries [12]. Market Data and Key Metrics Changes - The company is seeing increased interest in SPD-SmartGlass for trains, with a recent announcement regarding its use in the Deutsche Bahn Idea Train [14][15]. - In the architectural market, SPD-SmartGlass is competing with electrochromic technologies, with significant performance advantages such as faster tinting times and uniformity of tint [16][18]. Company Strategy and Development Direction - The company is focusing on expanding its presence in the automotive, architectural, aircraft, and mass transit industries, leveraging the growing demand for energy-efficient and lightweight materials [7]. - The company is also working to improve the cost structure of its film production through its partnership with Gauzy, which has a new facility in Germany [23]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the growing demand for SPD-SmartGlass in various sectors, particularly as the automotive industry shifts towards electrification and energy efficiency [8][13]. - The management noted that while there may be a gap between the phasing out of certain models and the introduction of new ones, there are many ongoing projects with various OEMs [106]. Other Important Information - The company is not currently seeing a combination product of SPD and PDLC in automotive applications, as the primary use of PDLC is for privacy, which is less relevant for sunroofs [108]. - The company is actively working with various electric vehicle manufacturers and is optimistic about the potential applications of its technology in hydrogen vehicles as well [72]. Q&A Session Summary Question: Any progress on your film producers bringing down the cost curve? - The facility in Stuttgart, Germany, can produce film at a fraction of the cost of the previous facility, with new equipment delivered to increase efficiency and production capacity [23]. Question: Where are we in terms of SPD film being used in future cars? - The company expects several announcements at the Munich Auto Show, indicating ongoing interest from automotive manufacturers [25]. Question: Is there a combination product with SPD and PDLC expected in the automotive sector? - Management does not foresee a combination product in automotive applications, as PDLC is primarily for privacy, which is not a significant need for sunroofs [26][108]. Question: What is the cost differential between View's technology and Research Frontiers' SPD? - The company has not seen unsubsidized pricing in the electrochromic industry, indicating a significant subsidy in their pricing structure [28]. Question: What is the role of Gauzy in Research Frontiers? - Gauzy is licensed to produce SPD film and has built a state-of-the-art facility in Germany, with a strong collaborative relationship with Research Frontiers [29]. Question: How far along is Gauzy in developing a dark particle? - Gauzy is actively working on this development, and Research Frontiers has existing techniques to work on color and new materials [47]. Question: What is the status of SPD in the architectural market? - The company is involved in several architectural projects, primarily focusing on larger projects like skyscrapers, and is seeing increased sophistication from architects regarding SmartGlass technologies [76][80].
Research Frontiers(REFR) - 2021 Q2 - Quarterly Report
2021-08-05 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) of THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarter ended June 30, 2021 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 | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 240 CROSSWAYS PARK DRIVE | | ...
Research Frontiers(REFR) - 2021 Q1 - Quarterly Report
2021-05-10 13:48
FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) of THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarter ended March 31, 2021 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 | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 240 CROSSWAYS PARK DRIVE | | | WOODBURY, NEW YORK | 11797-2033 | | (Address of principal executive ...
Research Frontiers(REFR) - 2021 Q1 - Earnings Call Transcript
2021-05-09 05:52
Research Frontiers Incorporated (NASDAQ:REFR) Q1 2021 Earnings Conference Call May 6, 2021 4:30 PM ET Company Participants Joe Harary - President and CEO Conference Call Participants Operator Good afternoon, ladies and gentlemen. Welcome to the Research Frontiers' Investor Conference Call to discuss the First Quarter 2021 Results of operations and recent developments. During today's presentation, all parties will be in a listen-only mode. [Operator Instructions] This conference is being recorded today. A re ...
Research Frontiers(REFR) - 2020 Q4 - Annual Report
2021-03-11 21:01
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 AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 ...