Overview
US smart glass technology firm's Q1 revenue declined due to timing and non-recurrence of prior license fees
Company posted wider net loss yr/yr
Management cites progress in automotive, aircraft, and architectural SPD-Smart projects
Outlook
Company did not provide specific financial guidance for the current or future periods
Result Drivers
REVENUE TIMING AND NON-RECURRENCE - Co said Q1 revenue was affected by timing of revenue recognition under license agreements and non-recurrence of upfront revenue from a new license signed in Q1 2025
PROJECT ADVANCEMENT - Co said it made progress on automotive, aircraft, and architectural SPD-Smart projects during the quarter
Company press release: ID:nGNX6kmZPd
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.02
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)