Ascent Solar Technologies (ASTI) Issues Prelim. Q1 Revenue Update; Notes Significant Backlog

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Go back to Ascent Solar Technologies (ASTI) Issues Prelim. Q1 Revenue Update; Notes Significant Backlog

Ascent Solar Provides Financial Update and Reiterates Full-Year Revenue Guidance of $10M - $12M or 100% Growth Over 2014

May 18, 2015 6:00 AM UTC

THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (Nasdaq: ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, integrated into the Company's EnerPlex series of consumer products, today announced an update on the Companys 2015 year-to-date financial results.

For the first quarter, the Company reported revenue of $660K. First quarter results were negatively impacted by the typical seasonality of the consumer electronics industry, where the first quarter is typically the slowest. Q1 was also impacted by a prolonged strike at west coast ports in early 2015; this contributed to delays in product delivery... More