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Microcap & Penny Stocks : Research Frontiers - By Long on Refr, Larger stock holder
REFR 1.910+3.8%Oct 31 3:58 PM EST
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To: longonrefr who wrote (41)10/3/2024 4:21:47 PM
From: N. Dixon  Read Replies (2) of 231
 
So here's what Joe said on the August 2 Conference Call:

Now let's together look underneath these numbers so we can all better understand where we are and what we can expect. Sales of cars using our SPD-SmartGlass technology at Ferrari and McLaren remain quite strong.

Ferrari has stated that in order to maintain the exclusivity of the Purosangue, which uses our SPD-SmartGlass, they will voluntarily limit production to 20% of their total unit production for all Ferrari cars.

Based on these numbers, an extremely high percentage of Ferrari customers are opting for the SPD-SmartGlass roof option. Ferrari just reported an excellent second quarter in terms of sales. Additionally, third quarter production at Ferrari is typically their highest.So if these trends continue with the Purosangue, we can expect higher royalties from it next quarter as well.

Remarkably, even though we're only halfway through the current 2024 year, these roofs have almost equaled the total number of roofs from all of last year. The popularity and high take rates of the McLaren models using SPD-SmartGlass are also evident. Even though we're only halfway through 2024, the total number of routes on just one model of McLaren puts us on track to triple the number of SPD roofs this year as compared to last year.
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