SolarWindow Technologies, Inc. SEC 10-Q Report

SolarWindow Technologies, Inc., a company specializing in the development of transparent and semi-transparent electricity-generating coatings, has released its Form 10-Q report for the first quarter of 2025. The report provides a detailed overview of the company's financial performance and business activities, highlighting both the challenges and advancements in their innovative LiquidElectricity® Coatings technology.

Financial Highlights

• Revenue: $0 million. The company has not generated any revenue since inception.
• Net Loss from Continuing Operations: $(630,044) for the three months ended February 28, 2025, compared to $(441,560) for the three months ended February 29, 2024. The increase in net loss is primarily due to higher costs related to R&D, personnel, professional fees, travel, and other general and administrative costs.
• Net Loss from Discontinued Operations: $(24,043) for the three months ended February 28, 2025, compared to $(5,471) for the three months ended February 29, 2024.
• Net Loss Attributable to Common Stockholders: $(654,087) for the three months ended February 28, 2025, compared to $(847,031) for the three months ended February 29, 2024.
• Net Loss Per Share: $(0.01) for the three months ended February 28, 2025, consistent with the same period in 2024.
• Net Cash Used in Operating Activities: $(451,926) for the six months ended February 28, 2025, compared to $(791,495) for the six months ended February 29, 2024. The decrease reflects the receipt of a $610,000 equipment deposit refund and lower insurance premiums.
• Net Cash Provided by Investing Activities: $3,000,000 for the six months ended February 28, 2025, compared to $1,498,051 for the six months ended February 29, 2024. This increase is primarily due to the redemption of short-term investments.

Business Highlights

• Product Development: SolarWindow Technologies, Inc. is focused on developing transparent and semi-transparent electricity-generating coatings, known as LiquidElectricity® Coatings. These coatings are designed to transform ordinary surfaces into photovoltaic devices capable of generating electricity from various light sources while maintaining transparency.
• Research and Development: The company is actively engaged in R&D efforts with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to enhance the efficiency, transparency, and application processes of its LiquidElectricity® Coatings. This includes optimizing performance on flexible substrates and developing commercial-scale application methods.
• Collaborative Efforts: SolarWindow has entered into a Cooperative Research and Development Agreement (CRADA) with NREL to advance the commercial development of its technology. The agreement includes goals such as improving technology efficiency, optimizing electrical power output, and developing high-speed coating application methods.
• Market Expansion: The company is exploring potential applications of its LiquidElectricity® Coatings across multiple industries, including architectural, automotive, agrivoltaic, aerospace, commercial transportation, and marine sectors.
• Strategic Partnerships: SolarWindow is pursuing co-marketing, co-promotion, licensing, and distribution arrangements with third-party collaborators to advance the commercialization of its products. The company is also seeking joint venture arrangements and manufacturing process integration relationships with commercial partners.
• Future Outlook: Management anticipates the need for additional financing to expand business operations and commercialize its products. The company is actively seeking strategic investors and partners to support its growth and development initiatives.
• Operational Challenges: The company has not yet commercialized any products and continues to focus on R&D and product development efforts. There is no assurance of successful commercialization, and the company recognizes the need for significant resources to support its initiatives.

SEC Filing: SolarWindow Technologies, Inc. [ WNDW ] - 10-Q - Apr. 11, 2025