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SolarWindow Technologies, Inc. Reports Net Loss of $1.25 Million for the 6 Months Ended February 28, 2023
Quarterly Revenue of $0.53 Million
SolarWindow Technologies, Inc. [WNDW], a leading developer of transparent electricity-generating coatings for windows, has filed its unaudited financial report for the 6 months ended February 28, 2023. The company reported a net loss of $1.25 million for the period, compared to a net loss of $2.7 million for the same period last year. The quarterly revenue for the 6 months ended February 28, 2023, was $0.53 million.
Financial Performance
Despite the net loss, SolarWindow Technologies, Inc. has shown improvement in its financial performance compared to the previous year. The operating loss from continuing operations decreased from $2.3 million in 2022 to $1.14 million in 2023. This reduction in operating loss reflects the company's efforts to control its operating expenses, particularly in selling, general and administrative areas.