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R&D Expenses Over TimeContracting
Percentile Rank64
3Y CAGR-1.7%
5Y CAGR-6.1%
Year-over-Year Change
Research and development spending
3Y CAGR
-1.7%/yr
Annual compound
5Y CAGR
-6.1%/yr
Recent acceleration
Percentile
P64
Within normal range
vs 5Y Ago
0.7x
Contraction
Streak
1 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| 2024 | $5.70M | -14.4% |
| 2023 | $6.66M | +9.4% |
| 2022 | $6.09M | +1.5% |
| 2021 | $6.00M | -31.9% |
| 2020 | $8.80M | +12.8% |
| 2019 | $7.80M | - |
| 2018 | $0.00 | - |
| 2017 | $0.00 | - |
| 2016 | $0.00 | - |
| 2015 | $0.00 | - |