Tue, Jan 14, 10:02 PM (34 days ago)
SolarWindow Technologies, Inc. (WNDW) reported its Q1 results for the period ending November 30, 2024, showing continued challenges in financial performance. The company generated no revenue, consistent with its history, and incurred a net loss of $552,063, an increase from $501,372 in the prior year. Operating expenses rose to $595,131, driven by higher research and development costs and increased stock compensation expenses. Cash and short-term investments decreased to $3,721,879 from $4,249,446, highlighting ongoing negative cash flows from operations. The company has sufficient liquidity for the next twelve months but acknowledges the need for additional capital to continue operations and fund technology commercialization efforts. Despite recent partnerships, including a collaboration with Lippert Components for integrated products, uncertainties remain regarding the successful development and market introduction of SolarWindow technologies. The company is actively seeking further funding, though it cannot guarantee availability or favorable terms. Overall, the financial outlook remains cautious, with significant reliance on future capital raises.