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 third quarter. The report provides a comprehensive overview of the company's financial performance and operational progress, highlighting significant strides in product development, research, and strategic partnerships.
Financial Highlights
Net Loss from Continuing Operations: $(540,293). The consolidated net loss from continuing operations decreased by $918,000 compared to the same period last year, primarily due to the absence of a $684,000 impairment charge related to in-process property and equipment and lower equity-based compensation.
Net Loss from Discontinued Operations: $(5,426). This reflects the costs associated with the discontinued operations in South Korea.
Net Loss Attributable to Common Stockholders: $(545,719). This includes a deemed dividend attributable to warrant modification.
Net Loss Attributable to Common Stockholders Per Share Basic and Diluted: $(0.01). This reflects the net loss per share for the period.
Business Highlights
Product Development: SolarWindow Technologies, Inc. is focused on developing transparent and semi-transparent electricity-generating coatings, known as LiquidElectricity® Coatings. These coatings can be applied to various surfaces to generate electricity from natural and artificial light while maintaining transparency.
Research and Development: The company is actively engaged in R&D efforts to enhance the efficiency, transparency, and application processes of its LiquidElectricity® Coatings. This includes optimizing electrical power output and developing high-speed, large-area coating application methods for commercial-scale products.
Collaborative Efforts: SolarWindow is working with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) under a Cooperative Research and Development Agreement to advance the commercial development of its technology. The collaboration focuses on improving performance, processing, reliability, and durability of the coatings.
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 has entered into an agreement with Lippert Components Inc. to integrate its technologies into select Lippert components, aiming to produce transparent electricity-generating products. This partnership is part of the company's strategy to leverage existing distribution channels and technical competencies.
Future Outlook: The company plans to market its products through co-marketing, co-promotion, licensing, and distribution arrangements with third-party collaborators. It is actively seeking additional partnerships to enhance its market reach and commercial acceptance.
Operational Challenges: SolarWindow acknowledges the uncertainty in predicting the amount of funding and time required to commercialize its products. The company is focused on securing additional capital to support its development and commercialization efforts.
SEC Filing: SolarWindow Technologies, Inc. [ WNDW ] - 10-Q - Jul. 11, 2025