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Operating Expense Breakdown
Details spending on key areas like R&D and marketing, offering a view into cost management and investment priorities.R&D surged into 2022–2023 then fell sharply through 2025, suggesting a deliberate shift from heavy development spending to commercialization and cash conservation; Administrative & Selling has stayed elevated but steady, funding go-to-market and project execution, while intermittent restructuring charges reflect cost realignment. This aligns with management’s plan to invest $20–30M in Torrington to scale manufacturing toward the 100 MW profitability threshold — R&D cuts improve near-term liquidity but raise execution risk if reduced tech investment slows advanced-technology sales or undermines long-term competitiveness.
Date | Research and Development | Restructuring | Administrative and Selling |
|---|---|---|---|
Apr 30, 2026 | $7.71M | $0.00 | $14.71M |
Jan 31, 2026 | $6.96M | $0.00 | $13.47M |
Oct 31, 2025 | $5.46M | -$256.00K | $15.18M |
Jul 31, 2025 | $7.65M | $4.05M | $14.07M |
Apr 30, 2025 | $9.90M | $6.00K | $16.47M |
Jan 31, 2025 | $11.08M | $1.54M | $15.03M |
Oct 31, 2024 | $11.61M | $2.56M | $15.95M |
Jul 31, 2024 | $12.82M | $0.00 | $14.60M |
Apr 30, 2024 | $16.63M | $0.00 | $17.66M |
Jan 31, 2024 | $14.35M | $0.00 | $16.40M |