Innovex International (INVX) Research & Development (2009 - 2024)

Innovex International (INVX) has reported Research & Development for 16 consecutive years, with $3.6 million the latest figure, recorded in Q2 2024.

• For the quarter ending Q2 2024, Research & Development rose 12.05% year-over-year to $3.6 million; the trailing twelve-month figure through Jun 2024 stood at $13.4 million (up 11.96% YoY), and the FY2023 full-year result was $12.6 million, up 7.74% from the prior year.
• Research & Development declined to $3.6 million in Q2 2024 per INVX's latest filing, from $3.7 million in the prior quarter.
• Across five years, Research & Development topped out at $5.5 million in Q1 2020 and bottomed at $2.6 million in Q3 2022.
• Historically, Research & Development has averaged $3.7 million across 5 years, with a median of $3.6 million in 2022.
• The sharpest annual moves came in 2020 and 2021: Research & Development soared 52.75% in 2020, then plunged 30.61% in 2021.
• Over 5 years, Research & Development stood at $4.0 million in 2020, then fell by 5.05% to $3.8 million in 2021, then slipped by 29.6% to $2.7 million in 2022, then grew by 10.67% to $3.0 million in 2023, then gained by 20.12% to $3.6 million in 2024.
• According to Business Quant data, Research & Development over the past three periods registered $3.6 million, $3.7 million, and $3.0 million for Q2 2024, Q1 2024, and Q4 2023 respectively.