Stock News Update: Research Frontiers Incorporated (NASDAQ: REFR)

On 12 May 2020, Research Frontiers Incorporated (NASDAQ: REFR) spotted trading -28.62% off 52-week high price. On the other end, the stock has been noted 131.33% away from the low price over the last 52-weeks. The stock changed 0.79% to recent value of $3.84. The stock transacted 135713 shares during most recent day however it has an average volume of 155.01K shares. The company has 28.45M of outstanding shares and 24.02M shares were floated in the market.

Research Frontiers Inc. (REFR) reported its financial results for its fourth quarter and full year ended December 31, 2019.

Key Comments:

In December 2019, Gauzy celebrated the opening of its second production facility in Stuttgart, Germany to produce SPD-Smart light control film for the entire SPD-SmartGlass industry. New and improved film from this new facility is presently being shipped to consumers worldwide.

This state-of-the-art facility, with specially designed coating and curing areas, gives Gauzy the capacity to coat over oneM square meters of SPD film per year in widths of up to 1.8 meters.

In December 2019, Glatic Co. purchased a license from Research Frontiers to produce and sell SPD-SmartGlass smart windows for the South Korean architectural market.

The Company’s fee income from licensing activities for the year ended December 31, 2019 was $1,564,024 as contrast to $1,488,642 for the year ended December 31, 2018 representing a $75,382 increase between these two periods.

This increase in revenues was principally the result of higher royalty income from licensees focused on automotive and architectural markets. Royalty income from the automotive and architectural markets was up over 40% in 2019 contrast with 2018.

When operations from the Company’s suspended VariGuard business unit are factored out, fee income for 2019 would have been $130,316 (9%) higher than for 2018.

The amount of SPD light-control film sold in 2019 reached a twelve-year record high.

Expenses increased by $857,168 for the year ended December 31, 2019 to $4,764,029 from $3,906,861 for the year ended December 31, 2018.

The Company’s net loss increased by $1,122, 852 to $3,808,978 ($0.13 per ordinary share) for the year ended December 31, 2019 as contrast to $2,686,128 ($0.10 per ordinary share) for the year ended December 31, 2018.

About $1,310,236 of the increase in net loss between these two periods were non-cash accounting expenses relating to the issuance of options and warrants, and other one-time charges. Without these items, the Company’s net loss for 2019 would have been $2,108,039 ($0.07 per ordinary share) or $187,386 higher than in 2018.

Its earnings per share (EPS) expected to touch remained -22.60% for this year while earning per share for the next 5-years is expected to reach at 30.00%. The price moved ahead of 38.39% from the mean of 20 days, 42.29% from mean of 50 days SMA and performed 15.91% from mean of 200 days price. Company’s performance for the week was 41.18%, 63.40% for month and YTD performance remained 27.57%.

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