T1 Energy (TE-WT) Research & Development (2023 - 2024)
T1 Energy (TE-WT) reported Research & Development of $8.6 million for Q3 2024, up 21.59% on a YoY basis from $7.1 million in Q4 2023, and down 17.89% quarter-over-quarter from $10.5 million in Q2 2024.
T1 Energy (TE-WT) Research & Development (2023 - 2024) Analysis & Trends
T1 Energy has reported Research & Development for 2 years, with the latest figure at $8.6 million in Q3 2024.
- For the quarter ending Q3 2024, Research & Development rose 21.59% year-over-year to $8.6 million; the trailing twelve-month figure through Sep 2024 stood at $41.0 million (changed N/A YoY), and the FY2023 full-year result was $28.5 million, up 109.64% from the prior year.
- Research & Development for Q3 2024 stood at $8.6 million, down from $10.5 million in the prior quarter.
- The five-year high for Research & Development was $11.7 million in Q1 2024, with the low at $4.8 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 56.85 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 22.70 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 62.40 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | 10.94 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 4.29 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | - |
| 10 | T1 Energy | - | - | 29.08 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 8.62 Mn |
| Jun 30, 2024 | 10.49 Mn |
| Mar 31, 2024 | 11.75 Mn |
| Dec 31, 2023 | 10.16 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 6.37 Mn |
| Mar 31, 2023 | 4.84 Mn |