Spruce Power Holding (SPRU) Research & Development (2020 - 2022)
Spruce Power Holding (SPRU) posted Research & Development of $2.3 million for Q3 2022, down 2.33% sequentially from $2.4 million in Q2 2022, and down 27.01% YoY from $3.2 million in Q3 2021.
Spruce Power Holding (SPRU) Research & Development (2020 - 2022) Analysis & Trends
Spruce Power Holding has reported Research & Development for 3 years, with the latest figure at $2.3 million in Q3 2022.
- Quarterly Research & Development fell 27.01% year-over-year to $2.3 million in Q3 2022, while the trailing twelve-month figure through Sep 2022 was $11.1 million (up 29.02% YoY) and the FY2021 annual result came in at $10.8 million, up 142.41% from the prior year.
- Research & Development fell to $2.3 million in Q3 2022 per SPRU's latest filing, from $2.4 million in the prior quarter.
- Over five years, Research & Development peaked at $3.3 million in Q4 2021 and troughed at $637000.0 in Q2 2020.
- A 3-year average of $2.1 million and a median of $2.3 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2021 and 2022: Research & Development jumped 340.97% in 2021, then decreased 27.01% in 2022.
- Over 3 years, Research & Development stood at $1.1 million in 2020, then jumped by 190.68% to $3.3 million in 2021, then declined by 29.64% to $2.3 million in 2022.
- According to Business Quant data, Research & Development over the past three periods registered $2.3 million, $2.4 million, and $3.0 million for Q3 2022, Q2 2022, and Q1 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | - |
| 10 | Spruce Power Holding | 34.82 Mn | -46.72 Mn | 23.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2022 | 2.35 Mn |
| Jun 30, 2022 | 2.40 Mn |
| Mar 31, 2022 | 2.99 Mn |
| Dec 31, 2021 | 3.34 Mn |
| Sep 30, 2021 | 3.22 Mn |
| Jun 30, 2021 | 2.81 Mn |
| Mar 31, 2021 | 1.41 Mn |
| Dec 31, 2020 | 1.15 Mn |
| Sep 30, 2020 | 1.65 Mn |
| Jun 30, 2020 | 637,000.00 |
| Mar 31, 2020 | 1.01 Mn |