Research Frontiers Reports Q3 2025 Earnings
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Research Frontiers (REFR) reported its Q3 2025 earnings, revealing a decrease in fee income due to lower royalties from automotive and aircraft markets, alongside a bankruptcy of a major European licensee. The company posted an operating loss of $1.36 million and a net loss of $1.28 million for the nine months ending September 30, 2025. Despite these challenges, Research Frontiers anticipates increased revenue from new products utilizing its SPD-SmartGlass technology and aims to expand market opportunities and royalty income in the future.
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