Company / R&D Expense
SEAFARER EXPLORATION CORP R&D Expense History
FY2019-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$325.2K
FY2023
5-year range
$172.9K / $463.5K
FY2019-FY2023
Trend
+88.1%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from $463,468 to $325,156 over the past 3 years.
Based on SEC 10-K filings.
$325,156 in FY2023 with a 3-year CAGR of -11.1%.
Declined from $463,468 to $325,156 over the past 3 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -11.1%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of -11.1%, indicating a declining trend.
- In FY2023, r&d expense increased 88.1% year-over-year.
Company context
Key Data Points
- Altman Z-Score -38.85 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2023 | $325.2K | +88.1% |
| FY2022 | $172.9K | -62.7% |
| FY2020 | $463.5K | +4.4% |
| FY2019 | $444.0K | - |
As of FY2023 · SEC 10-K · Updated Jun 29, 2026