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SolarWindow Technologies, Inc. Reports Net Loss of $1.81 Billion for the 9 Months Ended May 31, 2023
Company's annual revenue decreases to $1.72 Billion
SolarWindow Technologies, Inc. [WNDW], a leading provider of transparent electricity-generating coatings for windows, has reported a net loss of $1.81 billion for the 9 months ended May 31, 2023. The company's annual revenue also decreased to $1.72 billion during the same period.
Financial Performance
Despite the challenging market conditions, SolarWindow Technologies has been focused on advancing its innovative technology and expanding its product offerings. The company has made significant investments in research and development, which is reflected in the increase in deferred research and development costs on the balance sheet. However, these investments have not yet translated into positive financial results, as indicated by the net loss from continuing operations of $1.55 billion for the period.