Solarwindow Technologies, Inc. Reports Earnings Results for the Third Quarter Ended May 31, 2021
July 08, 2021 at 05:10 pm EDT
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SolarWindow Technologies, Inc. announced earnings results for the third quarter ended May 31, 2021. For the third quarter, the company announced operating loss was USD 1.818 million compared to USD 1.037 million a year ago. Net loss was USD 1.806 million compared to USD 987,417 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago. For the nine months, operating loss was USD 6.519 million compared to USD 3.417 million a year ago. Net loss was USD 6.492 million compared to USD 3.199 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.06 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.