Spruce Power Holding (SPRU) Research & Development (2020 - 2022)
Spruce Power Holding recorded quarterly Research & Development of $2.3 million in Q3 2022, down 2.33% quarter-over-quarter from $2.4 million in Q2 2022, and down 27.01% year-over-year from $3.2 million in Q3 2021.
Spruce Power Holding's Research & Development history runs 3 years deep, the most recent figure standing at $2.3 million for Q3 2022.
- In Q3 2022, Research & Development fell 27.01% year-over-year to $2.3 million; the TTM figure through Sep 2022 stood at $11.1 million (up 29.02% YoY), while the FY2021 annual figure was $10.8 million, up 142.41% from the prior year.
- Research & Development came in at $2.3 million for Q3 2022 at Spruce Power Holding, down from $2.4 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $3.3 million in Q4 2021 to a low of $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.
- Across the five-year window, Research & Development soared 340.97% in 2021 and retreated 27.01% in 2022, its largest moves.
- Spruce Power Holding's Research & Development stood at $1.1 million in 2020, then soared by 190.68% to $3.3 million in 2021, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 21.68 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 44.87 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 50.16 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 10.14 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | - |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -33.12 Mn |
| 10 | Spruce Power Holding | 54.20 Mn | -36.52 Mn | 16.96 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 |