Research Frontiers Incorporated Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 04:03 pm EST
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Research Frontiers Incorporated announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 443,445 compared to USD 410,855 a year ago. Net loss was USD 434,223 compared to USD 397,712 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the nine months, operating loss was USD 1.693 million compared to USD 1.925 million a year ago. Net loss was USD 1.457 million compared to USD 2.552 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.09 a year ago.
Research Frontiers Incorporated is a material science company, focused on the research, development, manufacturing and marketing of vision and light control technologies. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and/or market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products themselves, such as smart windows, skylights and sunroofs. It has various companies that, in the aggregate, are licensed to primarily serve five SPD-Smart application areas (aerospace, architectural, automotive, marine and display products) in every country of the world. It has licensed its smart glass technology to approximately 40 companies that include chemical, material science and glass companies.
RESEARCH FRONTIERS INCORPORATED 