Solarwindow Technologies Inc (OTCMKTS:WNDW) Shows Signs of Life
After a full month of decreased daily volumes, on Friday Solarwindow Technologies Inc (OTCMKTS:WNDW) popped back to over 100,000 shares traded. The volume spike did not coincide with one in price and WNDW ended the session 3% in the red, at $2.54 per share.
The company has been rather quiet when it comes to press releases after an unfortunate couple of hype-driven spikes that came down hard within days and ultimately left the stock right back where it was before them. WNDW was pushing for $4 per share in August, fueled by excitement about its technology video reveal. When the video did come out, it was a flop that made all excitement fizzle out quickly, sending WNDW crashing from $3.82 to $2.44 in a matter of days.
The company pinged in with a newer release, claiming its product line is expanding with a new way to retrofit existing glass panels on large structures and have them generate electricity without replacing the original material. This led to a spike in volume and price in late September but that too was almost completely extinguished in the following sessions.
WNDW‘s fiscal year ends in August, so it won’t be until the end of November that the annual report comes out. The figures in the latest quarterly are far from optimistic:
- $69 thousand in cash
- $280 thousand in total company assets
- ZERO in revenues since inception
- $1.5 million in quarterly net loss
Coupling those dismal financials with the fact that according to the same quarterly, WNDW is unable to estimate neither how long it will take to commercialize its products, nor the costs it will incur along the way, the stock is looking like a rather risky bet.
