Ascent Solar Announces Improved FY2018 Results
Ascent Solar Technologies, Inc (ASTI)
US:NASDAQ Investor Relations:
ascentsolar.com/ir-events-presentations.html
Company Research
Source: GlobeNewswire
THORNTON, CO, April 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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, 2018. FY2018 Financial Results: The Company posted net revenue of $0.86M in 2018, an increase of approximately 34% from $0.64M in 2017. Cost of revenue, however, reduced and improved sharply by approximately 64% from $2.8M in 2017 to $1.02M in 2018 due to our primary focus in high-margin Tier-1 specialty PV markets. As a result, loss from operations in 2018 improved greatly by about $7.6M, or 54% from -$14.15M in 2017 to -$6.57M. Ascent Solar attributes this to the continuous streamlining of our operation and business model. Progressive cost reduction initiatives in R&D and manufacturing operations, together with lower depreciation and amortization, also contributed to the improved operating results.
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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