Jared Sherman's questions to RESEARCH FRONTIERS (REFR) leadership • Q2 2025
Question
Jared Sherman asked for the identity of the licensee that went bankrupt and questioned the company's vetting process, expressing frustration over the negative quarterly impact.
Answer
CEO Joseph Harary declined to name the European licensee but clarified the bankruptcy was due to the licensee's issues with other customers, not the profitable Ferrari business. He stressed that Research Frontiers had anticipated the risk and seamlessly transitioned production to another licensee, highlighting the strength of their diversified business model. The impact was an accounting timing issue, not a cash flow loss.