Ascent Solar Announces FY2016 Results
Ascent Solar Technologies, Inc (ASTI)
US:NASDAQ Investor Relations:
ascentsolar.com/ir-events-presentations.html
Company Research
Source: Marketwire
THORNTON, CO -- (Marketwired) -- 04/17/17 -- Ascent Solar Technologies, Inc. (OTCQB: ASTI), reported results for the full year ended December 31, 2016. FY2016 Financial Results: The Company posted net revenue of $1.75M in 2016, a decline of approximately 73.2% from $6.54M in 2015. Loss from operations in 2016, however, improved by $3.1M, or 11.2% from -$27.7M in 2015 to -$24.6M. Ascent Solar attributes this to a substantial reduction in SG&A Expenses of 16.9% from $12.4M in 2015 to $10.3M in 2016, lower depreciation and amortization as well as progressive cost reduction initiatives in R&D and manufacturing operations. These expenses are expected to decline further as the Company continues to restructure and streamline its operations in 2017. The revenue decline is a direct result of (i) the Company's exit from brick and mortar retail customers due to a number of factors, including the high cost of doing business especially with those who were overly battery centr
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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