Royalty Revenue Surge
Royalty revenues in Q1 2025 were up over 79% to $560,000, an increase of more than $246,000 over Q1 2024. Sequentially, royalty income was up 214% from Q4 2024.
Automotive Market Growth
Higher royalties from the automotive market were up 128% compared to Q1 2024 and increased by 267% compared to Q4 2024. New car models using SPD-SmartGlass technology are expected to be introduced in 2025.
Financial Stability
The company remains debt-free with cash and cash equivalents of approximately $1.4 million and working capital of $2.3 million. Operations are projected to be funded for more than the next five years.
Strategic Partnerships and Industry Position
Research Frontiers has built strong partnerships with companies like Gauzy, Asahi, and Isoclima, reinforcing its market position as the premier smart glass technology.
Architectural Market Potential
The architectural market shows potential growth with the upcoming launch of a retrofit application and regulatory support from tax credits offered by the Dynamic Glass Act.