TON Strategy (TONX) Research & Development (2014 - 2023)
TON Strategy (TONX) reported Research & Development of $648,000 for Q1 2023, down 59.0% from $1.58 million a year earlier and down 24.1% from the prior quarter.
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Analysis
TON Strategy (TONX) Research & Development (2014 - 2023) Analysis & Trends
Over the twelve months ended Mar 31, 2023, TON Strategy's Research & Development came in at $4.26 million, down 61.5% year-over-year; for FY2022, it came in at $5.19 million, down 58.0% from FY2021.
- Research & Development has a five-year compound annual growth rate of 69.1% (FY2017 to FY2022).
- By year, Research & Development came in at $12.35 million in FY2021 (+55.6%), $7.93 million in FY2020 (+84.0%), $4.31 million in FY2019 (+340.0%) and $980,000 in FY2018 (+161.3%).
- The Q1 2023 figure ranks as the lowest quarterly Research & Development since Q1 2019.
- Year over year, Research & Development has now declined in each of the last five quarters, with an average decline of 17.9% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q4 2018 (growth of 546.7%); the low point was Q4 2022 (a decline of 68.8%).
- Per Business Quant data, the three quarters before Q1 2023 came in at $854,000 (Q4 2022), $1.37 million (Q3 2022) and $1.38 million (Q2 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | TON Strategy | 224.99 Mn | 86.09 Mn | 3.96 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2023 | 648,000.00 |
| Dec 31, 2022 | 854,000.00 |
| Sep 30, 2022 | 1.37 Mn |
| Jun 30, 2022 | 1.38 Mn |
| Mar 31, 2022 | 1.58 Mn |
| Dec 31, 2021 | 2.74 Mn |
| Sep 30, 2021 | 3.51 Mn |
| Jun 30, 2021 | 3.21 Mn |
| Mar 31, 2021 | 2.88 Mn |
| Dec 31, 2020 | 2.63 Mn |
| Sep 30, 2020 | 2.41 Mn |
| Jun 30, 2020 | 1.63 Mn |
| Mar 31, 2020 | 1.27 Mn |
| Dec 31, 2019 | 1.20 Mn |
| Sep 30, 2019 | 1.21 Mn |
| Jun 30, 2019 | 1.34 Mn |
| Mar 31, 2019 | 564,000.00 |
| Dec 31, 2018 | 542,000.00 |
| Sep 30, 2018 | 202,000.00 |
| Jun 30, 2018 | 105,000.00 |
API Access
TON Strategy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TONX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TONX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TONX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();