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Stock impact report

Ascent Solar Announces First Quarter 2019 Results

Ascent Solar Technologies, Inc (ASTI) 
Company Research Source: GlobeNewswire
THORNTON, CO, May 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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, 2019. Q1-2019 Financial Results: The Company posted net revenue of $215K for Q1 2019, a decline of approximately 43% from the corresponding quarter in 2018 of $378K. Cost of revenue, however, reduced and improved sharply by approximately 67% from $273K in Q1-2017 to $91K in this period due to our primary focus in high-margin Tier-1 specialty PV markets. As a result, loss from operations in this quarter improved sharply by about 55%, down from ($2.1M) in the first quarter of 2018 to ($0.94M) in this period. This was due mainly to the continuous streamlining of our operation and business model. Progressive cost-reduction initiatives in manufacturing and R&D operations as well as lower depreciation and amortiza Show less Read more
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