Fortuna Mining (FSM) Research & Development (2010 - 2023)
Fortuna Mining (FSM) reported Research & Development of $547000.0 for Q2 2023, up 13.72% on a YoY basis from $481000.0 in Q2 2022, and up 1202.38% quarter-over-quarter from $42000.0 in Q1 2023.
Fortuna Mining (FSM) Research & Development (2010 - 2023) Analysis & Trends
Fortuna Mining has reported Research & Development for 13 years, with the latest figure at $547000.0 in Q2 2023.
- For the quarter ending Q2 2023, Research & Development rose 13.72% year-over-year to $547000.0; the trailing twelve-month figure through Jun 2023 stood at $831000.0 (down 47.64% YoY), and the FY2022 full-year result was $1.2 million, up 21.05% from the prior year.
- Research & Development for Q2 2023 stood at $547000.0, up from $42000.0 in the prior quarter.
- The five-year high for Research & Development was $553000.0 in Q4 2020, with the low at $42000.0 in Q1 2023.
- Historically, Research & Development has averaged $302466.7 across 5 years, with a median of $242000.0 in 2022.
- Annual changes were most pronounced in 2019 — Research & Development jumped 169.57% — and 2023, when it plunged 91.63%.
- Fortuna Mining's Research & Development stood at $329000.0 in 2019, then surged by 68.09% to $553000.0 in 2020, then fell by 26.22% to $408000.0 in 2021, then slumped by 40.69% to $242000.0 in 2022, then surged by 126.03% to $547000.0 in 2023.
- The last three Research & Development figures came in at $547000.0 (Q2 2023), $42000.0 (Q1 2023), and $242000.0 (Q4 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 116.00 Mn |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | - |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 7.50 Mn |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 38.20 Mn |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 45.00 Mn |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | -60.00 Mn |
| 10 | Fortuna Mining | 2.48 Mn | -578.43 Mn | 211.84 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 547,000.00 |
| Mar 31, 2023 | 42,000.00 |
| Dec 31, 2022 | 242,000.00 |
| Jun 30, 2022 | 481,000.00 |
| Mar 31, 2022 | 502,000.00 |
| Dec 31, 2021 | 408,000.00 |
| Sep 30, 2021 | 196,000.00 |
| Jun 30, 2021 | 196,000.00 |
| Mar 31, 2021 | 212,000.00 |
| Dec 31, 2020 | 553,000.00 |
| Sep 30, 2020 | 140,000.00 |
| Jun 30, 2020 | 126,000.00 |
| Mar 31, 2020 | 377,000.00 |
| Jun 30, 2019 | 329,000.00 |
| Mar 31, 2019 | 186,000.00 |
| Sep 30, 2018 | 193,000.00 |
| Jun 30, 2018 | 284,000.00 |
| Mar 31, 2018 | 69,000.00 |
| Dec 31, 2017 | 1.34 Mn |
| Sep 30, 2017 | 41,000.00 |