Spruce Power Holding (SPRU) Research & Development (2020 - 2022)

Spruce Power Holding (SPRU) has reported Research & Development for 3 consecutive years, with $2.3 million the latest figure, recorded 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 eased to $2.3 million in Q3 2022 per SPRU's latest filing, from $2.4 million in the prior quarter.
• Over the last five years, Research & Development for SPRU reached as high as $3.3 million in Q4 2021 and fell as low as $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.
• Annual changes were most pronounced in 2021 — Research & Development soared 340.97% — and 2022, when it dropped 27.01%.
• Year by year, Research & Development stood at $1.1 million in 2020, then jumped by 190.68% to $3.3 million in 2021, then decreased 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.