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Stockreport

Ascent Solar Announces Further Improvement in Third Quarter 2017 Financial Results

ASCENT SOLAR TECHNOLOGIES INC COMMON (ASTI)  More Company Research Source: Marketwire
US:NASDAQ Investor Relations: ascentsolar.com/ir-events-presentations.html
PDF THORNTON, CO -- (Marketwired) -- 11/14/17 -- Ascent Solar Technologies, Inc. (OTCBB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, reported results for the quarter ended September 30, 2017. Q3 2017 Financial Results: The Company posted net revenue of $242K for Q3 2017, a sharp increase of approximately 868%, or $217K, quarter-on-quarter growth. This is largely due to the successful shipments to our newly established OEM client for the development of the Energizer® PowerKeep™ line of solar products (see announcement dated September 13, 2017). As noted in previous announcements, the Company has streamlined its consumer business strategy to include only e-commerce, OEM, and private labeling; focusing more on the specialty PV markets such as defense, drones, aerospace, and satellite markets. In addition to reporting improved revenue, the loss from operations continued to maintain at about th [Read more]

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