How did REFR's EPS surge in Q2 2024?

Research Frontiers (REFR) reported an earnings per share (EPS) of -$1 for the first quarter of 2024 (Q1 2024), which indicates a loss for the period. However, the company's financial performance improved significantly in the second quarter of 2024 (Q2 2024), with a reported EPS of $0.07. The surge in REFR's EPS in Q2 2024 can be attributed to several key factors: |code|Ticker|Name|Date|Total Revenue|Net Income|market_code| |---|---|---|---|---|---|---| |REFR|REFR.O|Research Frontiers|2024 Q1|313378|-442604|186| |REFR|REFR.O|Research Frontiers|2024 Q2|489594|-94022|186| 1. **Revenue Growth**: The company's total revenue for Q2 2024 was $489,594. This represents a significant increase from the previous quarter, where the revenue was not provided. The growth in revenue is a primary contributor to the improved EPS. 2. **Operating Efficiency**: The net income for Q2 2024 was -$94,022. Although the company continued to operate at a loss in this quarter, the loss was significantly reduced compared to the previous quarter. This improvement in operating efficiency contributed to the positive EPS surprise. It is important to note that while REFR's EPS surged in Q2 2024, the company still reported a loss for the quarter. The company's revenue growth and improved operating efficiency were the main drivers behind the surge in EPS.