Ascent Solar Technologies, Inc. ASTI

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Ascent Solar Technologies, Inc. ("Ascent" or the "Company") is a solar technology company that manufactures and sells photovoltaic ("PV") solar modules that are flexible, durable, and possess attractive power to weight and power to area performance. Our technology provides renewable power solutions to high-value production and specialty solar markets where traditional rigid solar panels are not suitable, including space power beaming, aerospace, satellites, near earth orbiting vehicles, fixed wing unmanned aerial vehicles ("UAV"), aquatic, terrestrial, and other weight-sensitive markets (including DoD drone and space operations) with transformational high quality, value added product applications. We operate in these target markets because they have highly specialized needs for power generation and offer attractive pricing due to the significant technological requirements.

Last close 1.71 2026-10-23
Market cap $16.8M 2026-06-30 share count
52-week range 1.40 - 9.87

Valuation FY2025 figures against the last close

P/S218.6x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-3.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $76.8K$41.9K$458.3K$1.2M$607.8K$66.6K$638.4K$862.4K$642.2K$1.7M
R&D $2.4M$2.3M$3.2M$6.0M$4.1M$1.2M$1.3M$2.8M$4.8M$6.6M
SG&A $4.1M$4.5M$5.4M$4.7M$3.3M$1.0M$1.8M$3.2M$5.6M$10.3M
Total operating expenses $8.0M$8.6M$16.1M$18.3M$9.4M$2.5M$3.9M$7.4M$14.8M$26.4M
Operating income -$7.9M-$8.5M-$15.6M-$17.1M-$8.8M-$2.5M-$3.3M-$6.6M-$14.1M-$24.6M
Pre-tax income -$7.9M—————————
Income tax $0—————————
Net income -$7.9M-$9.2M-$17.1M-$19.8M-$6.0M$1.6M-$4.9M-$16.0M-$18.6M-$38.9M
EPS, basic -3.09-10.38-3,419.00-132.00-1.541.15————
EPS, diluted -3.09-10.38-3,419.00-132.00-1.540.32-0.00-0.69-3.15-0.42
Shares, diluted (wtd. avg.) 2.6M882,54710,251149,0163.9M3.7M1.54B———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.8M$3.2M$1.0M$11.5M$6.0M$167.7K—$18.2K$89.6K$130.9K
Receivables $0$0$0$1.8K$49.2K$5.5K$0$165.2K$6.7K$549.2K
Inventory $543.6K$453.1K$447.5K$615.3K$592.2K$534.4K$533.9K$660.8K$1.0M$2.6M
Total current assets $3.4M$3.7M$1.5M$12.4M$6.9M$779.3K$585.5K$982.5K$1.6M$4.2M
Property, plant and equipment $190.1K$233.7K$1.0M$551.7K$279.7K$18.8K$4.2M$4.4M$4.6M$5.7M
Other intangibles $9.1K$28.5K$54.0K$80.0K$86.6K$439.8K$813.4K$862.4K$1.5M$1.6M
Total assets $6.3M$7.1M$6.3M$18.7M$12.8M$7.4M$5.6M$6.3M$7.8M$11.6M
Accounts payable $394.7K$449.4K$579.2K$595.2K$642.2K$737.0K$1.7M$2.3M$1.6M$4.9M
Short-term debt ——$406.7K$14.9M———$349.1K$343.4K$243.1K
Total current liabilities $2.2M$2.3M$5.8M$5.0M$3.1M$9.2M$30.7M$23.9M$15.0M$18.1M
Long-term debt ——————$5.9M$5.0M$5.1M$5.3M
Total liabilities $3.0M$3.8M$7.8M$14.1M$15.7M$27.6M$30.7M$28.9M$20.2M—
Retained earnings -$499.4M-$491.6M-$482.5M-$447.5M-$427.8M-$421.8M-$423.4M-$418.5M-$402.5M-$383.9M
Total equity $3.3M$3.4M-$1.5M$899.3K-$2.8M-$20.2M-$25.1M-$22.6M-$15.2M-$14.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$6.9M-$8.4M-$9.5M-$10.5M-$9.4M-$2.9M-$2.7M-$4.0M-$12.6M-$16.9M
Depreciation and amortisation $79.7K$74.1K$95.2K$75.6K$57.3K$151.7K$242.8K$381.1K$1.2M$3.6M
Stock-based compensation $1.1M$1.0M$2.2M$5.5M——$20.8K$29.3K$123.3K$888.3K
Capital expenditure $32.0K$421$3.9M$169.4K$280.3K—$6.4K$0$6.4K$51.7K
Investing cash flow -$107.0K-$421-$3.9M-$265.5K-$301.5K$254.4K$827.5K-$2.4K$80.9K-$158.4K
Financing cash flow $6.6M$10.5M$3.0M$16.3M$15.5M$2.8M$1.9M$3.9M$12.5M$16.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001079973-26-000543.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -40M -20M 0 20M Revenue, FY2016: 1.7M Net income, FY2016: -38.9M Revenue, FY2017: 642.2K Net income, FY2017: -18.6M Revenue, FY2018: 862.4K Net income, FY2018: -16M Revenue, FY2019: 638.4K Net income, FY2019: -4.9M Revenue, FY2020: 66.6K Net income, FY2020: 1.6M Revenue, FY2021: 607.8K Net income, FY2021: -6M Revenue, FY2022: 1.2M Net income, FY2022: -19.8M Revenue, FY2023: 458.3K Net income, FY2023: -17.1M Revenue, FY2024: 41.9K Net income, FY2024: -9.2M Revenue, FY2025: 76.8K Net income, FY2025: -7.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.7M $642.2K $862.4K $638.4K $66.6K $607.8K $1.2M $458.3K $41.9K $76.8K
Gross profit — — — — — — — — — —
Net income -$38.9M -$18.6M -$16.0M -$4.9M $1.6M -$6.0M -$19.8M -$17.1M -$9.2M -$7.9M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • Officer or director change Item 5.02
  • Material agreement signed Item 1.01
  • Unregistered share sale Item 3.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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