Quarterly ResultMay 8, 2026, 06:08 AM
Research Frontiers Q1 Net Loss $525K, Revenue Down 76%; Raises $1.38M
AI Summary
Research Frontiers Inc. reported a significant decline in fee income and a widened net loss for the first quarter of 2026. Fee income decreased by 75.6% to $136,319, and the net loss expanded to $525,365, or $0.02 per share. Despite the operational setbacks, the company successfully raised $1,375,000 through the sale of common stock and warrants, boosting its cash and cash equivalents to $1,279,301 and increasing total shareholders' equity. The company anticipates having sufficient working capital for at least 12 months.
Key Highlights
- Fee income for Q1 2026 was $136,319, a 75.6% decrease from $559,776 in Q1 2025.
- Net loss for Q1 2026 widened to $525,365 ($0.02 per share) from $177,687 ($0.01 per share) in Q1 2025.
- Net proceeds from the sale of common stock and warrants totaled $1,375,000 in Q1 2026.
- Cash and cash equivalents increased to $1,279,301 at March 31, 2026, from $664,299 at December 31, 2025.
- Operating expenses decreased by $115,094 to $521,382 in Q1 2026, primarily due to lower directors fees.
- Research and development expenses decreased by $17,527 to $145,350 in Q1 2026.
- Related party fee income from Gauzy and Vision Systems accounted for 47% of total fee income in Q1 2026, up from 11% in Q1 2025.