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Microcap & Penny Stocks : REFR Since Gauzy

REFR 1.600

-8.5%

Nov 6 3:59 PM EST

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To: JoAnnBarbour who wrote (1182)	8/7/2025 6:02:23 PM
From: DashernComet	2 Recommendations Read Replies (1) of 1556

From the 2Q10 “These positive operational results were offset by one-time accounting charges relating to the bankruptcy in the second quarter of 2025 of one of the Company’s European licensees supplying Ferrari with SPD-SmartGlass roofs.” Can someone tell me why this was not a sufficiently material event to warrant a press release in June?

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