JH has stated more OEMs than before, no? Yes. And so has Gauzy. I think there's an anxiety driven by some disappointment in not having the "Asian Car" announced, as we were led to believe it was going to be almost 3 years ago November 2022.
I believe, like you, when Joe says the following on the May 8, 2025 call:
Our royalty revenues in Q1 2025 were up over 79% to $560,000. This was an increase of more than $246,000 over the first quarter of 2024. Also, significantly, royalty income was up 214% or up $382,000 sequentially from the previous quarter, Q4 2024. This increase was primarily the result of higher royalties from the automotive market, up 128% compared to Q1 2024, and up 267% compared to our previous quarter, Q4 2024.
Revenues from the aircraft market were also up sequentially in Q1 2025 compared to the prior quarter, Q4 2024. And we expect revenue in all market segments to increase further as new car models and other products using the company's SPD-SmartGlass technology are introduced into the market.Also ( I hope comment on GM includes the Corvette, since GM is only making 25 Celestiqs:
We've spoken in the past about key developments in the automotive market. Royalty increases in this sector were a major driver of our Q1 growth. We continue to see significant momentum in automotive, with new car models expected to be introduced in 2025 using our SPD-SmartGlass technology. Q4 saw the introduction of the SPD-SmartGlass for the Cadillac CELESTIQ, and Q1 2025 showed somewhat higher sales to Cadillac. The production call-outs by Cadillac point to significantly higher royalties from GM in our current second quarter of 2025 as production ramps.
On prior calls, I mentioned new car models in Asia, Europe, and in the U.S. These are still on track, and while I can't discuss the details yet, we have also landed another European car model to the mix since our last conference call together in March. Revenues from this are not reflected in our first quarter royalties. Yesterday, I received several email questions about the electrochromatic roof on the new 2026 Corvette, and I can't provide any details about that at this time. It's up to GM to decide to what extent they want to talk about this.
All of this should warrant a higher stock price. The emergence of several posts by the shorts on REFR forums, leads me to speculate that they are trying to fuel the discontent of many longs. And the stock volume, which include around 150K dumped, I feel certain are to keep the stock price low. REFR should be selling way over 3 per share, but that will only come to new buying like we have seen by institutions purchasing 2 million shares in the last 6 months.
But until we see this support, Joe will get grief, and not for no good reason. I fully believe we'll get out of this slump and garner more new investors growing through the end of this year. Friends I got in at <1 are very happy. They are rightly excited by SPD-Smartglass market exploding and then we will be the "smartglass QCOM."
ND |
