Ascent Solar Technologies, Inc. (OQ:ASTI)
Business Focus: Photovoltaic Solar Systems & Equipment
| Sector: Energy | Industry: Renewable Energy Equipment & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 12300 GRANT STREET THORNTON CO 80241 |
| Tel: | N/A |
| Website: | https://ascentsolar.com |
| IR: | See website |
| Key People | ||
| David Peterson Chairman of the Board | Paul Warley President, Chief Executive Officer | Jin Jo Chief Financial Officer | Bobby Gulati Chief Operating Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ascent Solar Technologies, Inc. revenues decreased 63% to $458K. Net loss applicable to common stockholders increased 77% to $35.1M. Revenues reflect Milestone and engineering decrease of 89% to $60K, Products decrease of 43% to $398K. Higher net loss reflects Selling, general and administrative increase of 19% to $4.4M (expense), Depreciation increase of 35% to $76K (expense). |
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