WOODBURY, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) — Research Frontiers Inc. (Nasdaq: REFR) announced its financial results for its June 30, 2022 second quarter. 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: August 4, 2022, 4:30 PM ET
- Dial-in Information:1-888-334-5785
- Replay: Available on Friday, August 5, 2022 for 90 days at https://smartglass-ir.com/
Key Comments:
- The Company’s fee income from licensing activities decreased slightly as a result of lower to flat economic activity in the various industries that use the Company’s SPD-SmartGlass technology.
- The Company expects revenue in all market segments to increase beginning later this year as new car models, aircraft, trains and other products using the Company’s SPD-SmartGlass technology are introduced into the market.
- This year Cadillac had multiple high-profile public exhibitions of its Cadillac Celestiq which enters series production next year and will be produced at the General Motors Tech Center in Warren Michigan. The Celestiq is Cadillac’s all-electric luxury flagship, and features a four-quadrant SPD-SmartGlass roof using Research Frontiers variable tint technology.
- The Company’s net loss was $741,838 ($0.02 per common share) for the three months ended June 30, 2022 as compared to a net loss of $527,935 ($0.02 per common share) for the three…
