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Ascent Solar Technologies Inc ASTI

Technology Semiconductors
Ascent Solar Technologies, Inc. is a solar technology company that manufactures and sells photovoltaic (PV) solar modules. Its technology provides renewable power solutions to production and specialty solar markets where traditional rigid solar panels are not suitable, including aerospace, agrivoltaics, and niche manufacturing/construction sectors. It designs and develops finished products to design and develop integrated solutions for products, such as satellites, spacecraft, airships, and fixed-wing unmanned aerial vehicles (UAVs). It is also engaged in developing its zinc oxysulfide process. The Company manufactures its products by affixing a thin Copper-Indium-Gallium-diSelenide (CIGS) layer to a plastic substrate using a large format, roll-to-roll process that permits it to fabricate its PV modules in an integrated sequential operation. The Company uses monolithic integration techniques, which enable it to form complete PV modules with back-end assembly of inter-cell connections.


NDAQ:ASTI - Post by User

Ascent Solar Technologies Inc
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Post by AveragePennyon Aug 09, 2021 1:10pm
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Post# 33672462

ASTI Announces Second Quarter 2021 Financial ResultsASTI

ASTI Announces Second Quarter 2021 Financial ResultsASTI https://www.globenewswire.com/news-release/2021/08/09/2276883/0/en/Ascent-Solar-Announces-Second-Quarter-2021-Financial-Results.html

Second Quarter 2021 Financial Summary:

  • Net revenue increased 660% to $0.38MM compared to $0.05MM in the second quarter of 2020.
  • Cost and expenses increased 470% to $2.14MM compared to $0.37MM in the corresponding quarter last year.
  • Net loss widened to $1.7MM, an increase of 25% compared to a net loss of $1.36MM in the second quarter of 2020.
  • Net loss included non-cash gain of approximately $0.23MM from the extinguishment of certain liabilities associated with subsidiaries, offset by $0.17MM of accrued cash and non-cash interest expense.
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