Ascent Solar Technologies

Ascent Solar Technologies, Inc. headquartered in Thornton, CO is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment.
Company Growth (employees)
Thornton, US
Size (employees)
119 (est)
Ascent Solar Technologies is headquartered in Thornton, US

Key People at Ascent Solar Technologies

Joseph Armstrong

Joseph Armstrong

Chief Technology Officer
Richard Hashim 

Richard Hashim 

Vice President, General Manager EnerPlex Division
Amit Kumar

Amit Kumar

Chairman, Board of Directors

Ascent Solar Technologies Office Locations

Ascent Solar Technologies has an office in Thornton
Thornton, US (HQ)
12300 Grant St

Ascent Solar Technologies Data and Metrics

Ascent Solar Technologies Financial Metrics

Ascent Solar Technologies's revenue was reported to be $1.7 m in FY, 2016 which is a 73% decrease from the previous period.

Revenue (FY, 2016)

1.7 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

(4.1 m)

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(38.9 m)

EBIT (FY, 2016)

(24.6 m)

Market capitalization (12-Jul-2017)


Closing share price (12-Jul-2017)


Cash (31-Dec-2016)

130.9 k


5.4 m
Ascent Solar Technologies's current market capitalization is $190.8.
USDFY, 2013FY, 2014FY, 2015FY, 2016


12.9 m18.2 m6.5 m1.7 m

Revenue growth, %


Cost of goods sold

9.6 m5.8 m

Gross profit

(3 m)(4.1 m)

Gross profit Margin, %


General and administrative expense

10.3 m

Operating expense total

29.6 m39.2 m34.3 m26.4 m


(248.7 m)(309.6 m)(63.8 m)(24.6 m)

EBIT margin, %


Interest expense

4.1 m26.5 m(7.9 m)

Net Income

(247.8 m)(299.3 m)(45.8 m)(38.9 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016


3.3 m3.3 m326.2 k130.9 k

Accounts Receivable

2.8 m2 m549.2 k


1.9 m2.4 m4.3 m2.6 m

Current Assets

6.8 m35.2 m8 m4.2 m

Total Assets

28.5 m55.9 m18.8 m11.6 m

Accounts Payable

442.8 k1.6 m3.6 m4.9 m

Total Debt

6.4 m6.1 m5.8 m5.5 m

Current Liabilities

5.7 m11.2 m10.1 m18.1 m

Additional Paid-in Capital

263.3 m306.9 m347.6 m369.9 m

Retained Earnings

(345.1 m)(383.9 m)

Total Equity

2.6 m(14 m)

Debt to Equity Ratio

2.2 x-0.4 x

Debt to Assets Ratio

0.2 x0.1 x0.3 x0.5 x

Financial Leverage

7.3 x-0.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(30.1 m)(43.4 m)(45.8 m)(38.9 m)

Depreciation and Amortization

6.2 m6 m5.6 m3.6 m

Accounts Receivable

(357.9 k)(2.4 m)711.7 k1.3 m


271.9 k(539.6 k)(1.8 m)1.7 m

Accounts Payable

(412.6 k)1.1 m2.1 m1.5 m

Cash From Operating Activities

(20.3 m)(28.1 m)(22.1 m)(16.9 m)

Cash From Investing Activities

(933.6 k)(1.1 m)(195.9 k)(158.4 k)

Short-term Borrowings

(1 m)

Long-term Borrowings

(264.9 k)(283 k)(276.3 k)(266 k)

Cash From Financing Activities

12 m29.2 m19.3 m16.8 m

Interest Paid

428.8 k519 k477.4 k417.9 k
Y, 2016


-0.2 x


-0.3 x


-0.4 x


0.5 x

Financial Leverage

-0.8 x

Ascent Solar Technologies Market Value History

Ascent Solar Technologies Online and Social Media Presence

Ascent Solar Technologies Company Life and Culture

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