NASDAQ : ASTI
Ascent Solar Technologies, Inc. — Financial statements
Technology · Solar · United States
Last price 1.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.41M
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Financial statements
Ascent Solar Technologies, Inc. (ASTI) reported revenue of 191.34K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 191.34K | 76.77K | 41.89K | 458.26K | 1.22M | 607.78K |
| Cost of Revenue | 3.04M | 2.64M | 2.45M | 5.11M | 7.99M | 6.04M |
| Gross Profit | -2.84M | -2.56M | -2.41M | -4.66M | -6.76M | -5.43M |
| Selling, General & Admin | 4.62M | 4.10M | 4.51M | 5.36M | 4.08M | 3.30M |
| Operating Expenses | 5.40M | 5.31M | 5.61M | 7.70M | 9.63M | 3.36M |
| Operating Income | -8.25M | -7.87M | -8.01M | -12.36M | -16.40M | -8.79M |
| Interest Expense | -48.77K | -51.99K | -665.72K | -2.17M | -2.70M | -1.09M |
| Interest & Investment Income | 60.58K | 60.58K | 88.39K | |||
| Earnings From Equity Investments | -345.00 | -858.00 | -2.67K | -232.00 | -27.36K | |
| Other Non Operating Income (Expenses) | 103.53K | -1.15K | -719.70K | 663.06K | 33.10K | 4.18M |
| EBT Excluding Unusual Items | -8.13M | -7.87M | -9.31M | -13.87M | -19.10M | -5.70M |
| Asset Writedown | -524.48K | -3.28M | -297.70K | |||
| Other Unusual Items | 35.04K | 35.04K | 706.57K | 84.68K | -657.00K | |
| Pretax Income | -8.10M | -7.83M | -9.13M | -17.07M | -19.75M | -6.00M |
| Net Income | -8.10M | -7.83M | -9.13M | -17.07M | -19.75M | -6.00M |
| Preferred Dividends & Other Adjustments | 4.35K | 65.94K | 33.30K | 17.98M | ||
| Net Income to Common | -8.10M | -7.90M | -9.16M | -35.05M | -19.75M | -6.00M |
| Shares Outstanding (Basic) | 6.12M | 2.56M | 882.55K | 10.25K | ||
| Shares Outstanding (Diluted) | 6.12M | 2.56M | 882.55K | 10.25K | ||
| EPS (Basic) | -1.32 | -3.09 | -10.38 | -3,419.23 | ||
| EPS (Diluted) | -1.32 | -3.09 | -10.38 | -3,419.23 | ||
| Free Cash Flow | -7.38M | -6.94M | -8.42M | -13.39M | -10.68M | -9.68M |
| Free Cash Flow Per Share | -1.21 | -2.71 | -9.54 | -1,306.67 | ||
| Operating Margin | -4,310.16% | -10,256.71% | -19,126.51% | -2,697.07% | -1,341.08% | -1,446.28% |
| Profit Margin | -4,234.02% | -10,288.38% | -21,873.76% | -7,648.62% | -1,615.55% | -987.20% |
| Free Cash Flow Margin | -3,857.65% | -9,034.40% | -20,108.35% | -2,922.94% | -873.08% | -1,593.46% |
| EBITDA | -8.16M | -7.79M | -7.94M | -12.26M | -16.32M | -8.73M |
| D&A For EBITDA | 87.74K | 79.66K | 74.14K | 95.24K | 75.64K | 57.31K |
| EBIT | -8.25M | -7.87M | -8.01M | -12.36M | -16.40M | -8.79M |
| Revenue as Reported | 114.56K | 458.26K | 1.22M | 607.78K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.54M | 2.79M | 3.17M | 1.05M | 11.48M | 5.96M |
| Cash & Short-Term Investments | 14.54M | 2.79M | 3.17M | 1.05M | 11.48M | 5.96M |
| Receivables | 32.25K | 1.77K | 49.25K | |||
| Inventory | 551.88K | 543.62K | 453.10K | 447.50K | 615.28K | 592.17K |
| Prepaid Expenses | 178.10K | 54.57K | 89.47K | 39.28K | 344.11K | 247.74K |
| Total Current Assets | 15.30M | 3.38M | 3.71M | 1.54M | 12.44M | 6.85M |
| Property, Plant & Equipment | 1.18M | 1.52M | 2.11M | 3.41M | 4.88M | 5.26M |
| Long-Term Investments | 341.24K | 144.22K | 62.19K | 68.87K | 61.38K | 21.20K |
| Other Intangible Assets | 8.45K | 9.13K | 28.49K | 53.98K | 79.98K | 86.59K |
| Other Long-Term Assets | 1.27M | 1.27M | 1.23M | 1.23M | 1.21M | 625.00K |
| Total Assets | 18.10M | 6.33M | 7.15M | 6.30M | 18.68M | 12.85M |
| Accounts Payable | 419.20K | 394.70K | 449.44K | 579.24K | 595.16K | 642.16K |
| Accrued Expenses | 1.27M | 1.13M | 1.23M | 2.99M | 3.33M | 1.47M |
| Short-Term Debt | 19.55K | 250.00K | 250.00K | 250.00K | ||
| Current Portion of Long-Term Debt | 354.94K | |||||
| Current Portion of Leases | 730.77K | 676.60K | 578.15K | 491.44K | 733.57K | 646.74K |
| Other Current Liabilities | 5.77K | 5.77K | 5.77K | 1.09M | 67.16K | 45.00K |
| Total Current Liabilities | 2.43M | 2.21M | 2.28M | 5.76M | 4.97M | 3.05M |
| Long-Term Debt | 5.27M | 8.08M | ||||
| Long-Term Leases | 405.90K | 788.28K | 1.46M | 2.04M | 3.83M | 4.53M |
| Other Long-Term Liabilities | 21.23K | 21.23K | 21.23K | 21.23K | ||
| Total Liabilities | 2.83M | 2.99M | 3.77M | 7.83M | 14.09M | 15.68M |
| Common Stock | 982.00 | 466.00 | 145.00 | 24.00 | 26.00 | 479.00 |
| Additional Paid-In Capital | 518.70M | 502.77M | 494.98M | 480.94M | 452.14M | 424.95M |
| Retained Earnings | -503.45M | -499.44M | -491.61M | -482.48M | -447.54M | -427.78M |
| Comprehensive Income & Other | 10.90K | 12.81K | 4.92K | 8.94K | -16.02K | |
| Total Common Equity | 15.27M | 3.34M | 3.38M | -1.53M | 4.59M | -2.83M |
| Shareholders' Equity | 15.27M | 3.34M | 3.38M | -1.53M | 4.59M | -2.83M |
| Total Liabilities & Equity | 18.10M | 6.33M | 7.15M | 6.30M | 18.68M | 12.85M |
| Total Debt | 1.14M | 1.46M | 2.06M | 3.14M | 10.08M | 13.51M |
| Net Cash (Debt) | 13.40M | 1.32M | 1.11M | -2.09M | 1.40M | -7.54M |
| Net Cash Per Share | 2.19 | 0.52 | 1.26 | -203.95 | ||
| Filing Date Shares Outstanding | 9.82M | 9.46M | 1.71M | 37.94K | ||
| Total Common Shares Outstanding | 9.82M | 4.66M | 1.45M | 35.84K | ||
| Working Capital | 12.88M | 1.18M | 1.43M | -4.23M | 7.47M | 3.80M |
| Book Value Per Share | 1.56 | 0.72 | 2.32 | -42.60 | ||
| Tangible Book Value | 15.26M | 3.33M | 3.35M | -1.58M | 4.51M | -2.92M |
| Tangible Book Value Per Share | 1.55 | 0.71 | 2.30 | -44.10 | ||
| Machinery | 19.01M | 19.08M | 19.59M | 21.13M | 22.22M | 22.29M |
| Construction In Progress | 32.09K | 32.09K | 72.51K | 32.09K | 280.47K | 88.86K |
| Leasehold Improvements | 15.99K | 15.99K | 15.99K | 15.99K | 87.96K | 45.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -8.10M | -7.83M | -9.13M | -17.07M | -19.75M | -6.00M |
| Depreciation & Amortization | 671.54K | 627.60K | 558.44K | 762.76K | 769.87K | 706.29K |
| Other Amortization | 2.78K | 103.53K | 1.81M | 2.61M | 1.01M | |
| Loss (Gain) From Sale of Assets | 77.21K | |||||
| Asset Writedown & Restructuring Costs | 543.47K | 3.31M | 297.70K | |||
| Loss (Gain) on Equity Investments | 345.00 | 858.00 | 2.67K | 232.00 | 27.36K | |
| Stock-Based Compensation | 695.24K | 1.13M | 1.79M | 2.34M | 5.48M | |
| Other Operating Activities | 54.76K | -23.94K | -741.23K | 29.62K | 4.50K | -4.04M |
| Change in Accounts Receivable | -19.43K | 1.77K | 47.48K | -43.71K | ||
| Change in Inventory | -133.48K | -86.33K | 29.05K | -124.76K | -23.11K | -57.74K |
| Change in Accounts Payable | -133.34K | -19.70K | -129.80K | -15.92K | -47.01K | -77.17K |
| Change in Other Net Operating Assets | -390.37K | -706.21K | -1.45M | -653.80K | 380.91K | -1.20M |
| Operating Cash Flow | -7.35M | -6.90M | -8.42M | -9.54M | -10.51M | -9.40M |
| Capital Expenditures | -29.50K | -32.02K | -421.00 | -3.86M | -169.36K | -280.32K |
| Sale (Purchase) of Intangibles | -19.58K | -12.56K | ||||
| Investment in Securities | -275.00K | -75.00K | -83.56K | -21.20K | ||
| Investing Cash Flow | -304.50K | -107.02K | -421.00 | -3.88M | -265.47K | -301.52K |
| Short-Term Debt Issued | 1.15M | |||||
| Long-Term Debt Issued | 13.50M | |||||
| Total Debt Issued | 1.15M | 13.50M | ||||
| Short-Term Debt Repaid | -22.34K | -1.22M | ||||
| Long-Term Debt Repaid | -381.66K | -6.24M | ||||
| Total Debt Repaid | -22.34K | -1.60M | -6.24M | |||
| Net Debt Issued (Repaid) | -22.34K | -446.38K | -6.24M | 13.50M | ||
| Issuance of Common Stock | 20.71M | 7.32M | 15.15M | 616.51K | 2.55M | 15.50M |
| Other Financing Activities | -1.48M | -671.12K | -4.97M | 8.58M | 241.90K | |
| Financing Cash Flow | 19.24M | 6.63M | 10.55M | 2.96M | 16.29M | 15.50M |
| Foreign Exchange Rate Adjustments | 17.24K | |||||
| Net Cash Flow | 11.58M | -384.25K | 2.12M | -10.43M | 5.52M | 5.79M |
| Free Cash Flow | -7.38M | -6.94M | -8.42M | -13.39M | -10.68M | -9.68M |
| Free Cash Flow Margin | -3,857.65% | -9,034.40% | -20,108.35% | -2,922.94% | -873.08% | -1,593.46% |
| Free Cash Flow Per Share | -1.21 | -2.71 | -9.54 | -1,306.67 | ||
| Levered Free Cash Flow | -3.86M | -3.43M | -5.99M | -4.75M | -1.50M | -11.00M |
| Unlevered Free Cash Flow | -3.83M | -3.40M | -5.68M | -5.20M | -2.42M | -11.32M |
| Change in Working Capital | -676.62K | -812.24K | -1.55M | -792.71K | 358.27K | -1.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.41M | 14.30M | 4.33M | 2.96M | ||
| Enterprise Value | 2.01M | 13.82M | 3.10M | 3.93M | ||
| Last Close Price | 1.57 | 4.11 | 3.27 | 87.00 | ||
| PS Ratio | 80.55 | 186.25 | 103.41 | 6.47 | ||
| PB Ratio | 1.01 | 4.28 | 1.28 | -1.94 | ||
| P/TBV Ratio | 1.01 | 4.30 | 1.29 | |||
| EV/Sales Ratio | 10.51 | 180.03 | 73.94 | 8.57 | ||
| Debt / Equity Ratio | 0.07 | 0.44 | 0.61 | -2.06 | 2.20 | -4.77 |
| Net Debt / Equity Ratio | -0.88 | -0.40 | -0.33 | -1.37 | -0.31 | -2.66 |
| Net Debt / EBITDA Ratio | 1.64 | 0.17 | 0.14 | -0.17 | 0.09 | -0.86 |
| Net Debt / FCF Ratio | 1.82 | 0.19 | 0.13 | -0.16 | 0.13 | -0.78 |
| Asset Turnover | 0.01 | 0.01 | 0.01 | 0.04 | 0.08 | 0.06 |
| Inventory Turnover | 6.01 | 5.30 | 5.44 | 9.62 | 13.23 | 10.73 |
| Quick Ratio | 6.01 | 1.26 | 1.39 | 0.18 | 2.31 | 1.97 |
| Current Ratio | 6.31 | 1.53 | 1.63 | 0.27 | 2.50 | 2.25 |
| Return on Equity (ROE) | -86.58% | -233.19% | -985.29% | -1,116.07% | -2,255.19% | |
| Return on Assets (ROA) | -41.41% | -73.03% | -74.49% | -61.86% | -65.02% | -54.34% |
| Return on Capital Employed (ROCE) | -52.60% | -190.80% | -164.70% | -2,298.90% | -119.70% | -89.70% |
| Earnings Yield | -84.25% | -54.78% | -210.76% | -575.94% | ||
| FCF Yield | -47.89% | -48.51% | -194.46% | -451.94% | ||
| Buyback Yield / Dilution | -291.07% | -189.59% | -8,509.38% |