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]