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Stock impact report

Ascent Solar Announces First Quarter 2018 Results

Ascent Solar Technologies, Inc (ASTI) 
Company Research Source: GlobeNewswire
THORNTON, CO, May 14, 2018 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, reported results for the quarter ended March 31, 2018. Q1-2018 Financial Results: The Company posted net revenue of $378K for Q1 2018, a sharp improvement of approximately 35% from the corresponding quarter in 2017 of $281K. The Q1 2018 revenue also accounted for over 58% of the entire 2017’s reported revenue of $642K, and provided the Company a strong start leading into 2018. The revenue increase reflects the progress that the Company has made in its strategically-valued markets since exiting from the EnerPlex™ branded consumer business in early 2017, which was primarily distributed through traditional and more-costly brick and mortar retail channels.  As previously noted, the company has streamlined its operation to limit its consumer business to only e-commerce platforms Show less Read more
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