Quoted:
Research Frontiers Incorporated develops and licenses suspended particle technology and devices that control the transmission of light. For the 3 months ended 3/01, fee income decreased 30% to $69K. Net loss decreased 78% to $994K. Revenues reflect decreased fee income from license agreements. Net loss reflects the absence of a $2.8M non-recurring non-cash compensation expense and increased investment income.
[url]http://www.siliconinvestor.com/research/profile.gsp?s=REFR[/url]
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[bounce] Thanks, raven! [bounce]
REFR is just now FINALLY going into production, after a development effort which was the equal of both LCD and EC (electrochromic) technologies, decades spent in the lab getting it into a usable form. The last year has been "interesting times", between announcement of profitability targets, a major shorting attack by an extremely sleazy broker, and finally the release of end-user products. Yahoo's "news" page is useful:
[url]http://biz.yahoo.com/n/r/refr.html[/url]
I expect another press-release barrage from the sleazeball in a few days, since he can't keep his mouth shut when he sees good news coming out from the company. The last one was a hoot. [:D] (This guy threatened to sue Oprah when she had a show segment related to (but not about) a biotech company he was targeting a while ago, but now he's getting sued into oblivion by that biotech.)
By way of disclaimer, I own a ton of REFR, and will be badly hurt if it tanks, and happen to believe very strongly in the company's potential. So take what I write with a heaping tablespoon (or three) of salt. REFR is NOT for the faint of heart.