Ascent Solar Technologies, Inc
2.1200+0.01 (+0.47%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · ASTI · USD
Key Stats
Market Cap
6.46MP/E (TTM)
0.24Basic EPS (TTM)
8.75Dividend Yield
0%Recent Filings
8-K
Expands ATM offering capacity
Ascent Solar Technologies expanded its at-the-market offering agreement with H.C. Wainwright & Co., adding $758,818 in available sales capacity for common stock, bringing the total program to over $13 million. Since inception in May 2024, the company has sold 1,537,783 shares for $11.9 million in gross proceeds, with 3,047,658 shares now outstanding. Proceeds will fund general corporate purposes. No minimum sales required.
10-Q
Q2 FY2025 results
Ascent Solar Technologies posted Q2 FY2025 product revenue of $17K, down 39% y/y from $28K amid smaller orders, yet narrowed its operating loss to $2.1M from $2.4M through 36% cuts in selling, general, and administrative expenses. For the half-year, revenue held steady at $33K while the net loss shrank 38% to $3.7M, aided by lower interest costs after debt payoffs and no repeat of last year's $0.5M impairment or $0.7M warrant settlement. Cash dipped to $3.0M from $3.2M year-start, with operations burning $3.4M offset by $3.1M in equity raises via ATM sales and a $2.0M public offering. Free cash flow not disclosed in the 10-Q. Losses narrowed, but funding remains tight. Insiders now sway 11% of votes via preferred holdings.
8-K
Ascent updates space sales outlook
Ascent Solar Technologies released an updated corporate presentation on August 6, 2025, highlighting its customer pipeline in space and aerospace. It projects 2026 sales of $5 million to $20 million and 2027 sales of $25 million to $45 million, based on ongoing discussions and testing, not yet under contract. Recent milestones include NASA collaborations and efficiency gains to 15.7%. These estimates hinge on securing $2-3 million in additional funding amid market risks.
8-K
Ascent Solar prices $2M offering
Ascent Solar Technologies closed a $2 million public offering on June 30, 2025, selling 507,000 shares and 493,000 pre-funded warrants, each paired with a five-year warrant exercisable at $2.00 per share. Net proceeds of approximately $1.6 million will fund working capital, product development, and general corporate purposes, bolstering the company's flexible solar tech initiatives. Yet dilution looms large for existing shareholders.
8-K
NASA beamed power collab
Ascent Solar Technologies kicked off a 12-month Collaborative Agreement Notice with NASA Marshall and Glenn centers on June 26, 2025, to refine CIGS PV modules for beamed power reception, slashing spacecraft mass and mission costs by up to an order of magnitude. The next day, it inked a Teaming Agreement with a US defense provider for thin-film solar in orbital missions. These pacts leverage Ascent's quick-turn production. Forward-looking risks include execution uncertainties.
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