ASTI
Ascent Solar Technologies, Inc.3.8900
-0.2800-6.71%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
16.53MP/E (TTM)
-Basic EPS (TTM)
-2.61Dividend Yield
0%Recent Filings
10-K
FY2025 results
Ascent Solar posted FY2025 revenue of $76,773, up 83% y/y from $41,893, all from product sales amid more customer orders—yet net loss narrowed to $7.8M from $9.1M, thanks to lower SG&A and no repeat of prior impairments, while R&D ticked up 6% to $2.4M on efficiency gains hitting 15.7%. Cash burn eased to $6.9M from $8.4M, funded by $7.3M in financings including warrant exercises. No Q4 breakdowns disclosed. Auditors flag going concern doubts over liquidity.
8-K
Ascent raises $10M via warrants
Ascent Solar signed a $10M private placement on January 23, 2026, issuing 454,546 shares (or pre-funded warrants), Series A warrants for 1,818,182 shares, and Series B warrants for 909,091 shares—all at $5.50 exercise price. Net proceeds hit ~$9.2M for working capital; closing set for January 26. Warrants dilute heavily if exercised.
8-K
New exec employment deals
Ascent Solar signed new employment agreements on December 31, 2025, effective January 1, 2026, replacing expired prior deals for CEO Paul Warley ($450,000 base, up to 150% bonus), COO Bobby Gulati ($255,000 base, up to 100% bonus), and CFO Jin Jo (same as Gulati). Warley gets 24 months severance without cause; others 12 months—plus equity acceleration and COBRA. Executives locked in 1-year non-compete within 100-mile radius.
8-K
Ascent closes $2M placement
Ascent Solar closed a $2M private placement on December 5, 2025, issuing 769k shares (or pre-funded warrants), plus Series A/B warrants for 1.0M shares at $1.70—net ~$1.7M after fees for working capital. Warrants cap ownership at 4.99%/9.99%; Series A lasts 5 years post-registration, Series B 18 months. Dilution looms large.
10-Q
Q3 FY2025 results
Ascent Solar posted Q3 revenue of $28.5K, up 234% y/y from $8.6K yet still dwarfed by $89K costs of revenue, driving a $2.0M operating loss—narrower than the prior year's $2.3M gap thanks to 18% lighter SG&A. Nine-month product sales hit $61.1K, 46% ahead y/y, with net loss shrinking 25% to $5.8M versus $7.7M; operating loss improved to $5.8M from $7.1M, while net trailed operating due to share-based comp exceeding 20%. Cash burned $5.1M on operations, ending at $2.1M after $4.1M equity raises via ATM and June public offering. Equity issuance diluted shares 2.4x y/y to 3.2M weighted average, reconciling to $(0.62) Q3 EPS. Liquidity strains persist. Insiders control key votes.
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