Research Frontiers ( (REFR) ) has released its Q3 earnings. Here is a breakdown of the information Research Frontiers presented to its investors.
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Research Frontiers Incorporated, a company specializing in the development and marketing of light-control technology, particularly suspended particle devices (SPDs), operates in the architectural, automotive, marine, aerospace, and appliance sectors. In its latest earnings report for the quarter ended September 30, 2025, the company highlighted a decrease in fee income compared to the previous year, primarily due to lower royalties from the automotive and aircraft markets and a bankruptcy filing by a significant European licensee. Despite this, the company anticipates increased revenue as new car models and other products using its SPD-SmartGlass technology are introduced to the market. Key financial metrics showed an operating loss of $1.36 million for the nine months ended September 30, 2025, with total expenses rising due to higher marketing, professional fees, and non-cash compensation costs. The company also recorded a net loss of $1.28 million for the same period, reflecting challenges in the current market environment. Looking ahead, Research Frontiers remains focused on expanding its market opportunities and adoption rates for its technology, with expectations of increased royalty income from new automotive and architectural projects.