Ascent Solar Announces Improved FY2017 Results
Ascent Solar Technologies, Inc (ASTI)
US:NASDAQ Investor Relations:
ascentsolar.com/ir-events-presentations.html
Company Research
Source: GlobeNewswire
THORNTON, CO , March 29, 2018 (GLOBE NEWSWIRE) -- 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 full year ended December 31, 2017. FY2017 Financial Results: The Company posted net revenue of $0.64M in 2017, a decline of approximately 63.2% from $1.75M in 2016. Loss from operations in 2017, however, improved greatly by $10.48M, or 42.6% from -$24.6M in 2016 to -$14.15M. Ascent Solar attributes this to the disposal of the EnerPlex™ brand and discontinuation of retail consumer business in early 2017, resulting in substantial reduction in SG&A Expenses of about 45.7% from $10.3M in 2016 to $5.6M in 2017. Lower depreciation and amortization, as well as progressive cost reduction initiatives in R&D and manufacturing operations, also contributed to the improved operating results. These expenses are expected to remain stable or decline marginal
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ASTI
News
- Ascent Solar Technologies, Inc. Announces Second and Third Closings of Public Offering of Common Stock and Pre-Funded Warrants at $0.14 Per ShareGlobeNewswire
- Momentus and Ascent Solar Technologies Partner to Bring to Market Leading-Edge Solar Arrays [Yahoo! Finance]Yahoo! Finance
- Momentus and Ascent Solar Technologies Partner to Bring Leading-Edge Solar Arrays to MarketGlobeNewswire
- Ascent Solar Technologies, Inc. Announces Initial Closing of Public Offering of Common Stock and Pre-Funded Warrants [Yahoo! Finance]Yahoo! Finance
- Ascent Solar Technologies, Inc. Announces Initial Closing of Public Offering of Common Stock and Pre-Funded WarrantsGlobeNewswire
ASTI
Sec Filings
- 4/18/24 - Form 8-K
- 4/12/24 - Form 8-K
- 4/12/24 - Form 424B4
- ASTI's page on the SEC website