SolarWindow Technologies Reports Zero Revenue and Increased Net Loss in Q2 Fiscal 2026

SolarWindow Technologies, Inc. reported its financial results for the second quarter of fiscal 2026, revealing a continued lack of revenue generation, with total revenue remaining at $0 for both the three and six months ended February 28, 2026. The company recorded a net loss from continuing operations of $589,420 for the three months, a decrease from a loss of $630,044 in the same period last year. For the six months, the net loss was $1,160,176, down from $1,181,136 in the prior year. The reduction in losses is attributed to lower stock-based compensation expenses, despite increases in research and development and selling, general, and administrative costs.

Total operating expenses for the second quarter were $623,946, a 7% decrease from $669,027 in the previous year. The decline was primarily due to a reduction in stock-based compensation, which fell to zero as all outstanding grants had fully vested. However, selling, general, and administrative expenses increased by 8% for the six-month period, driven by higher personnel and travel costs. The company’s accumulated deficit rose to $82,250,740 as of February 28, 2026, compared to $81,090,562 at the end of the previous fiscal year.

In terms of liquidity, SolarWindow reported cash and cash equivalents of $5,391,821, down from $6,555,642 at the end of August 2025. The company had working capital of $5,226,000, which it believes is sufficient to meet its operational needs for the next twelve months. However, management acknowledged the necessity of raising additional capital to support ongoing research and development efforts and to commercialize its technology. The company has not generated any revenue since its inception and continues to rely on equity and debt financing for its operations.

Operationally, SolarWindow has not launched any commercial products, and its technology remains under development. The company is focused on its LiquidElectricity® Coatings, which are designed to convert ordinary surfaces into photovoltaic devices. The company is actively seeking partnerships for technology licensing and product commercialization but has not yet secured any agreements. As of the reporting date, SolarWindow had 65,779,045 shares of common stock outstanding, with no new stock options granted during the reporting period.

Looking ahead, SolarWindow Technologies anticipates the need for further capital investment to advance its product development and commercialization strategies. The company plans to explore various financing options, including private and public equity investments, to support its operations. However, there is no assurance that such funding will be available on favorable terms, which could impact the company's ability to continue as a going concern.