A Business at a Glance
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Ascent Solar Technologies, Inc.
ASTI
$23M
Mkt Cap
$2.95
-6.35%
Ascent Solar Technologies, Inc. (ASTI) has a 5-year average return on invested capital (ROIC) of -68.4%. This is below average and may indicate limited pricing power.
Ascent Solar Technologies, Inc. (ASTI) has a market capitalization of $23M. It is classified as a small-cap stock.
Ascent Solar Technologies, Inc. (ASTI) does not currently pay a regular dividend.
Ascent Solar Technologies, Inc. (ASTI) operates in the Semiconductors & Related Devices industry, within the Technology sector.
Ascent Solar Technologies, Inc. (ASTI) generated $-7 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Ascent Solar Technologies, Inc. (ASTI) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
Ascent Solar Technologies, Inc. (ASTI) reported earnings per share (EPS) of $-1.03 in its most recent fiscal year.
Business Overview 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”), and agrivoltaics. 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 42K | - | 1.2M | - |
| Net Income | -7.9M | -7.9M | - | -35M | - | -6.0M |
| EPS | $-1.03 | $-1.03 | $-3.46 | $-156.84 | $-2,823.33 | $-32.94 |
| Free Cash Flow | -6.9M | -6.9M | -8.4M | -13M | -11M | -9.7M |
| ROIC | -305.2% | -305.2% | - | -1847.3% | - | -68.4% |
| Gross Margin | - | - | -254.2% | - | -64.5% | - |
| Debt/Equity | 0.45 | 0.45 | 0.72 | -2.13 | 27.49 | -3.80 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -7.9M | -7.9M | -8.5M | -16M | -17M | -8.8M |
| Operating Margin | 0.0% | - | -20378.5% | - | -1394.8% | - |
| ROE | -236.6% | -235.2% | - | - | - | 52.1% |
| Shares Outstanding | 8M | 8M | 4M | 0M | 0M | 0M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.2M | N/A | 42K | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -64.5% | N/A | -254.2% | N/A | N/A |
| R&D | N/A | 6.7M | 6.6M | 4.8M | 2.8M | 1.3M | 1.2M | 4.1M | 6.0M | 3.2M | 2.3M | 2.4M | 2.4M |
| SG&A | 14M | 12M | 10M | 5.6M | 3.2M | 1.8M | 1.0M | 3.3M | 4.7M | 5.4M | 4.5M | 4.1M | 4.1M |
| EBIT | -51M | -28M | -25M | -14M | -6.6M | -3.3M | -2.5M | -8.8M | -17M | -16M | -8.5M | -7.9M | -7.9M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1394.8% | N/A | -20378.5% | N/A | 0.0% |
| Net Income | -51M | -46M | -39M | -19M | -16M | -4.9M | 1.6M | -6.0M | N/A | -35M | N/A | -7.9M | -7.9M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Non-Recurring | 324K | 13K | 166K | 1.4M | 28K | 843K | 0 | 0 | 0 | -77K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/M | N/M | -167.5% | -143.6% | -82.5% | -45.6% | -26.3% | -68.4% | N/A | N/M | N/A | N/M | N/M |
| ROE | -445.4% | -1776.0% | N/A | 127.2% | 84.8% | 20.4% | -7.1% | 52.1% | N/A | N/A | N/A | -235.2% | -236.6% |
| ROA | -121.8% | -122.7% | -255.9% | -191.4% | -227.9% | -81.6% | 24.9% | -59.3% | N/A | -280.7% | N/A | -117.2% | -124.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -28M | -22M | -17M | -13M | -4.0M | -2.7M | 2.9M | -9.4M | -11M | -9.5M | -8.4M | -6.9M | -6.9M |
| Free Cash Flow | -28M | -22M | -17M | -13M | -4.0M | -2.7M | 2.9M | -9.7M | -11M | -13M | -8.4M | -6.9M | -6.9M |
| Owner Earnings | -35M | -29M | -21M | -14M | -4.4M | -3.0M | 2.7M | -9.5M | -16M | -12M | -9.5M | -8.1M | -8.1M |
| CapEx | 135K | 29K | 52K | 6K | 0 | 6K | 0 | 280K | 169K | 3.9M | 0 | 32K | 32K |
| Maint. CapEx | 6.0M | 5.6M | 3.6M | 1.2M | 381K | 243K | 152K | 57K | 76K | 95K | 74K | 80K | 80K |
| Growth CapEx | 0 | 0 | 0 | 0 | N/A | 0 | 0 | 223K | 94K | 3.8M | 0 | 0 | 0 |
| D&A | 6.0M | 5.6M | 3.6M | 1.2M | 381K | 243K | 152K | 57K | 76K | 95K | 74K | 80K | 80K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 834K | 857K | 888K | 123K | 29K | 21K | 0 | 0 | 5.5M | 2.2M | 1.0M | 1.1M | 1.1M |
| Debt Repayment | 0 | 1.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0M | 1.2M | 22K | 22K |
| Balance Sheet | |||||||||||||
| Net Debt | 4.4M | 5.5M | 5.4M | 5.4M | 5.4M | 8.0M | 19M | 4.8M | 13M | 2.2M | -737K | -1.3M | -1.3M |
| Cash & Equiv. | 3.3M | 326K | 131K | 90K | 18K | -18K | 168K | 6.0M | 11M | 1.0M | 3.2M | 2.8M | 2.8M |
| Long-Term Debt | 5.8M | 5.4M | 5.3M | 5.1M | 5.0M | 5.9M | 13M | 8.1M | 5.3M | 355K | 1.3M | N/A | 1.5M |
| Debt/Equity | 1.00 | 2.25 | -0.39 | -0.36 | -0.24 | -0.32 | -0.95 | -3.80 | 27.49 | -2.13 | 0.72 | 0.45 | 0.45 |
| Interest Coverage | -98.1 | -58.1 | -58.9 | -11.6 | -27.6 | -1.5 | -5.6 | -18.5 | N/A | -53.2 | N/A | N/A | N/A |
| Equity | 7.7M | 2.6M | -14M | -15M | -23M | -25M | -20M | -2.8M | 899K | -1.5M | 3.4M | 3.3M | 3.3M |
| Total Assets | 56M | 19M | 12M | 7.8M | 6.3M | 5.6M | 7.4M | 13M | 19M | 6.3M | 7.1M | 6.3M | 6.3M |
| Total Liabilities | 48M | 16M | 26M | 23M | 29M | 31M | 28M | 16M | 14M | 7.8M | 3.8M | 3.0M | 3.0M |
| Intangibles | 1.3M | 1.6M | 1.6M | 1.5M | 862K | 813K | 440K | 87K | 80K | 54K | 28K | 9K | 9K |
| Retained Earnings | 299M | -345M | -384M | -402M | -419M | -423M | -422M | -428M | -448M | -482M | -492M | -499M | -499M |
| Working Capital | 24M | -2.1M | -14M | -13M | -23M | -30M | -8.4M | 3.8M | 7.5M | -4.2M | 1.4M | 1.2M | 1.2M |
| Current Assets | 35M | 8.0M | 4.2M | 1.6M | 982K | 585K | 779K | 6.9M | 12M | 1.5M | 3.7M | 3.4M | 3.4M |
| Current Liabilities | 11M | 10M | 18M | 15M | 24M | 31M | 9.2M | 3.1M | 5.0M | 5.8M | 2.3M | 2.2M | 2.2M |
| Per Share Data | |||||||||||||
| EPS | -0.00 | -0.01 | -0.00 | -0.09 | -0.01 | -0.01 | 1.71 | -32.94 | -2,823.33 | -156.84 | -3.46 | -1.03 | -1.03 |
| Owner EPS | -0.00 | -0.01 | -0.00 | -0.07 | -0.00 | -0.00 | 2.89 | -51.94 | -1,324.70 | -53.14 | -2.18 | -1.06 | -1.06 |
| Book Value | 0.00 | 0.00 | -0.00 | -0.07 | -0.02 | -0.03 | -21.36 | -15.56 | 74.17 | -6.83 | 0.77 | 0.44 | 0.44 |
| Cash Flow/Share | -0.00 | -0.00 | -0.00 | -0.06 | -0.00 | -0.00 | 3.05 | -51.63 | -866.58 | -42.68 | -1.93 | -0.90 | -1.02 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 13.7B | 5.0B | 477.6B | 211.6M | 1.1B | 890.0M | 0.9M | 0.2M | 0.0M | 0.2M | 4.4M | 7.7M | 7.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -2.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 251.5 | N/A | 1.5 | N/A | 6.8 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 840.8 | N/A | N/A |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.9% | -8.9% | -166.8% | N/A | -30.7% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.2B | 151M | 5.0M | 0 | 23M |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 78,966.36 | 5,925.30 | 20.65 | 0.00 | 2.95 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30,400.00 | 88.50 | 2.96 | 0.00 | 2.95 |
Ascent Solar Technologies, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Ascent Solar Technologies, Inc. (ASTI) has a return on equity (ROE) of -235.2%. A negative ROE may indicate losses or negative equity.
Ascent Solar Technologies, Inc. (ASTI) has a 5-year average gross margin of -159.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for Ascent Solar Technologies, Inc. (ASTI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ascent Solar Technologies, Inc. (ASTI) has a book value per share of $0.44, based on its most recent annual SEC filing.