Question · Q2 2025
Neil Goldwyn asked about a potential Q3 revenue bump from the new Ferrari licensee, the cost savings from avoiding scaffolding with architectural retrofits, and the supplier's production capacity.
Answer
CEO Joseph Harary stated a Q3 revenue bump is contingent on the new licensee exceeding its high minimum annual royalty (MAR). He confirmed that avoiding scaffolding is a significant cost and disruption benefit for building owners. He also noted the licensee projects sales in the 'high tens of millions' in its first year with room to expand capacity.
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REFR's earnings beat/miss a week before the call