SolarWindow Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2023
October 10, 2023 at 04:26 pm EDT
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SolarWindow Technologies, Inc. reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported net loss was USD 0.554249 million compared to USD 1.64 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Basic loss per share was USD 0.01 compared to USD 0.03 a year ago.
For the nine months, net loss was USD 1.81 million compared to USD 4.34 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.06 a year ago. Basic loss per share was USD 0.02 compared to USD 0.08 a year ago.
SolarWindow Technologies, Inc. is engaged in developing transparent electricity-generating coatings and methods for their application to various materials, which is referred to as LiquidElectricity Coatings. The Companyâs LiquidElectricity Coatings generate electricity by harvesting light energy from natural sun, artificial light, and low, shaded, or reflected light conditions. It applies ultra-thin layers of LiquidElectricity coatings to rigid glass, and flexible glass and plastic surfaces where they transform otherwise ordinary surfaces into organic photovoltaic devices. LiquidElectricity is a framework which utilizes chemistry for different ultra-thin layers applied to a substrate. These layers include hole transport layers, active layers, electron transport layers, and conductive contact points for transmission of electricity. The applications of LiquidElectricity Coatings span across multiple industries, including architectural, automotive, and marine.