In its third-quarter financial results, Research Frontiers reported an increase in fee income, a decline in expenses, also speaking about the recent non-exclusive license granted to Gaudy to develop, produce and sell products and components using Research Frontiers’ patented SPD-Smart light-control technology.
Research Frontiers Inc. has announced its financial results for its third quarter
Research Frontiers Inc. has announced its financial results for its third quarter ended 30 September 2017. Management hosted a conference call to discuss its financial and operating results as well as recent developments, including its recent license agreement with Israel-based material science company Gauzy Ltd. to develop, produce and sell products and components using Research Frontiers’ patented SPD-Smart light-control technology.
Key Third Quarter 2017 Comments include: Fee income increased by USD 271,294, or 28.3%, for the 9-month period ending 30 September 2017 as compared to the same period in 2016. Fee income increased by USD 183,564, or 60.2%, for the 3-month period ending 30 September 2017 as compared to the same period in 2016.
The increase in fee income from both the 3-month and 9-month periods was principally the result of higher revenues from licensees in the aircraft, architectural, automotive and marine sectors as well as revenue from a new licensee focused on the transparent display sector.
Expenses declined by USD 857,756, or -22.4%, for the 9-month period ending 30 September 2017 as compared to the same period in 2016. Expenses for the 3-month period ending 30 September 2017 were USD 78,248, or -9.0%, lower for the 3-month period ending 3...
