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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... see more

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Ascent Solar Technologies Inc > ASTI Announces Second Quarter 2021 Financial ResultsASTI

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Post by AveragePenny on Aug 09, 2021 1:10pm

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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