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Ascent Solar Technologies, Inc. Common Stock (ASTI) 10-Year Financial Performance & Capital Metrics

ASTI • • Industrial / General
EnergySolarSolar Module ManufacturingSolar Panel Manufacturers
AboutAscent Solar Technologies, Inc. designs, manufactures, and sells copper-indium-gallium-diselenide photovoltaic products for aerospace, defense, emergency management, and consumer/OEM applications. It offers outdoor solar chargers. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies. Ascent Solar Technologies, Inc. was incorporated in 2005 and is based in Thornton, Colorado.Show more
  • Revenue $42K -90.9%
  • EBITDA -$8M +46.4%
  • Net Income -$9M +46.5%
  • EPS (Diluted) -10.38 +99.7%
  • Gross Margin -254.18% +18.8%
  • EBITDA Margin -19045.44% -486.5%
  • Operating Margin -20378.46% -497.0%
  • Net Margin -21794.27% -485.1%
  • ROE -985.29% +11.7%
  • ROIC -326.26% +32.8%
  • Debt/Equity 0.61
  • Interest Coverage -12.82 -78.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 96 (top 4%)
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Sales declining 42.0% over 5 years
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-38.41%
5Y-42%
3Y-59%
TTM36.85%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM43.78%

EPS CAGR

10Y-
5Y-
3Y-
TTM98.95%

ROCE

10Y Avg-543.82%
5Y Avg-214.72%
3Y Avg-213.19%
Latest-283.78%

Peer Comparison

Solar Panel Manufacturers
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CSIQCanadian Solar Inc.1.45B21.6140.02-21.28%0.27%0.37%1.42
FSLRFirst Solar, Inc.26.14B243.6420.2726.75%27.73%15.53%0.09
MAXNMaxeon Solar Technologies, Ltd.49.95M2.95-0.04-54.68%-320.48%
ASTIAscent Solar Technologies, Inc. Common Stock22.81M4.84-0.47-90.86%-118.05%-272.24%0.61
JKSJinkoSolar Holding Co., Ltd.1.52B29.41-1.45-22.26%-3.36%-8.38%100%1.07

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+6.54M1.75M642.18K862.41K638.38K66.61K607.78K1.22M458.26K41.89K
Revenue Growth %0.23%-0.73%-0.63%0.34%-0.26%-0.9%8.12%1.01%-0.63%-0.91%
Cost of Goods Sold+9.56M5.84M2.81M1.02M490.75K174.59K1.9M2.01M1.89M148.38K
COGS % of Revenue1.46%3.34%4.38%1.18%0.77%2.62%3.13%1.64%4.13%3.54%
Gross Profit+-3.03M-4.1M-2.17M-153.38K147.63K-107.97K-1.29M-788.67K-1.43M-106.48K
Gross Margin %-0.46%-2.34%-3.38%-0.18%0.23%-1.62%-2.13%-0.64%-3.13%-2.54%
Gross Profit Growth %-1.57%-0.35%0.47%0.93%1.96%-1.73%-10.99%0.39%-0.82%0.93%
Operating Expenses+24.71M20.53M11.61M6.42M3.4M2.35M7.5M16.27M14.21M8.43M
OpEx % of Revenue3.78%11.75%18.08%7.44%5.33%35.23%12.33%13.3%31.01%201.24%
Selling, General & Admin12.36M10.3M5.6M3.24M1.85M1.03M3.3M10.22M7.61M5.53M
SG&A % of Revenue1.89%5.9%8.72%3.76%2.89%15.46%5.43%8.35%16.6%132.03%
Research & Development6.71M6.63M4.82M2.79M1.31M1.17M4.14M5.98M3.22M2.3M
R&D % of Revenue1.03%3.79%7.51%3.24%2.05%17.49%6.81%4.89%7.03%54.92%
Other Operating Expenses-60.29K82.77K574.82K13.14K242.78K151.66K57.31K75.64K3.38M598.62K
Operating Income+-27.75M-24.63M-14.15M-6.57M-3.25M-2.45M-8.79M-17.06M-15.64M-8.54M
Operating Margin %-4.24%-14.09%-22.03%-7.62%-5.1%-36.85%-14.46%-13.95%-34.14%-203.78%
Operating Income Growth %0.18%0.11%0.43%0.54%0.5%0.25%-2.58%-0.94%0.08%0.45%
EBITDA+-22.11M-21.03M-12.95M-6.19M-3.01M-2.12M-8.08M-16.29M-14.88M-7.98M
EBITDA Margin %-3.38%-12.03%-20.17%-7.18%-4.72%-31.78%-13.3%-13.32%-32.47%-190.45%
EBITDA Growth %0.21%0.05%0.38%0.52%0.51%0.3%-2.82%-1.01%0.09%0.46%
D&A (Non-Cash Add-back)5.63M3.6M1.19M377.31K242.78K337.49K706.29K769.87K762.76K558.44K
EBIT-18.34M-30.95M-11.7M-8.68M3.98M5.12M-4.91M-17.05M-14.9M-8.46M
Net Interest Income+-27.46M-7.9M-6.86M-7.35M-8.85M-3.51M-1.09M-2.7M-2.17M-665.72K
Interest Income0000000000
Interest Expense27.46M7.9M6.86M7.35M8.85M3.51M1.09M2.7M2.17M665.72K
Other Income/Expense-18.06M-14.22M-4.41M-9.47M-1.62M4.07M2.79M-2.73M-1.43M-593.13K
Pretax Income+-45.8M-38.85M-18.56M-16.04M-4.87M1.62M-6M-19.78M-17.07M-9.13M
Pretax Margin %-7.01%-22.23%-28.9%-18.59%-7.63%24.28%-9.87%-16.18%-37.25%-217.94%
Income Tax+0000000-27.36K00
Effective Tax Rate %1%1%1%1%1%1%1%1%1%1%
Net Income+-45.8M-38.85M-18.56M-16.04M-4.87M1.62M-6M-19.75M-17.07M-9.13M
Net Margin %-7.01%-22.23%-28.9%-18.59%-7.63%24.28%-9.87%-16.16%-37.25%-217.94%
Net Income Growth %-0.06%0.15%0.52%0.14%0.7%1.33%-4.71%-2.29%0.14%0.47%
Net Income (Continuing)-45.8M-38.85M-18.56M-16.04M-4.87M1.62M-6M-19.75M-17.07M-9.13M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-999999.00-999999.00-999999.00-692490.00-3170.008936.15-25104.62-13200.00-3419.25-10.38
EPS Growth %1%0.98%0.99%0.78%1%3.82%-3.81%0.47%0.74%1%
EPS (Basic)-999999.00-999999.00-999999.00-692490.00-3170.008936.15-25104.62-13200.00-3419.25-10.38
Diluted Shares Outstanding006231.54K1812391.49K10.25K882.55K
Basic Shares Outstanding006231.54K1812391.49K10.25K882.55K
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+7.99M4.23M1.63M982.48K585.49K779.27K6.85M12.44M1.54M3.71M
Cash & Short-Term Investments326.22K130.95K89.62K18.16K0167.72K5.96M11.48M1.05M3.17M
Cash Only326.22K130.95K89.62K18.16K0167.72K5.96M11.48M1.05M3.17M
Short-Term Investments0000000000
Accounts Receivable1.99M549.2K6.66K165.16K05.54K49.25K1.77K00
Days Sales Outstanding111.27114.723.7869.9-30.3529.580.53--
Inventory4.27M2.57M1.04M660.79K533.89K534.43K592.17K615.28K447.5K453.1K
Days Inventory Outstanding163.08160.51134.58237.44397.081.12K113.61111.6586.311.11K
Other Current Assets000138.37K51.6K0247.74K344.11K39.28K89.47K
Total Non-Current Assets+10.76M7.38M6.15M5.31M5.05M6.59M6M6.23M5.38M3.43M
Property, Plant & Equipment9.09M5.66M4.63M4.41M4.23M5.65M5.26M4.88M3.41M2.11M
Fixed Asset Turnover0.72x0.31x0.14x0.20x0.15x0.01x0.12x0.25x0.13x0.02x
Goodwill0000000000
Intangible Assets1.57M1.65M1.47M862.43K813.4K439.84K86.59K79.98K53.98K28.49K
Long-Term Investments00000021.2K61.38K68.87K62.19K
Other Non-Current Assets105.31K77.56K49.81K34.06K0500K-627K130.99K1.23M1.23M
Total Assets+18.75M11.61M7.78M6.29M5.63M7.37M12.85M18.68M6.91M7.15M
Asset Turnover0.35x0.15x0.08x0.14x0.11x0.01x0.05x0.07x0.07x0.01x
Asset Growth %-0.66%-0.38%-0.33%-0.19%-0.1%0.31%0.74%0.45%-0.63%0.03%
Total Current Liabilities+10.13M18.1M14.31M23.87M30.71M9.15M3.05M4.97M5.76M2.28M
Accounts Payable3.63M4.9M1.6M2.32M1.66M736.99K642.16K595.16K579.24K449.44K
Days Payables Outstanding138.38306.2207.54833.151.24K1.54K123.21108111.721.11K
Short-Term Debt1.69M3.47M4.48M8.41M17.14M443.2K896.74K250K2.19M19.55K
Deferred Revenue (Current)1000K1000K1000K1000K1000K00000
Other Current Liabilities3.1M8.04M6.41M10.11M7.72M5.3M-646.74K2.47M2.84M1.03M
Current Ratio0.79x0.23x0.11x0.04x0.02x0.09x2.25x2.50x0.27x1.63x
Quick Ratio0.37x0.09x0.04x0.01x0.00x0.03x2.05x2.38x0.19x1.43x
Cash Conversion Cycle135.97-30.97-69.17-525.81--393.1219.984.18--
Total Non-Current Liabilities+6.05M7.51M8.67M5.06M28.4K18.41M12.63M9.12M2.68M1.49M
Long-Term Debt5.44M5.28M5.8M5.03M013.22M8.08M5.27M00
Capital Lease Obligations000005.18M4.53M3.83M2.04M1.46M
Deferred Tax Liabilities0000001.25M1.08M613K0
Other Non-Current Liabilities603.5K2.23M2.87M29.11K28.4K14.14K21.23K21.23K21.23K21.23K
Total Liabilities16.17M25.61M22.98M28.93M30.74M27.56M15.68M14.09M8.44M3.77M
Total Debt+7.13M8.75M10.28M13.43M17.14M19.42M14.15M10.08M4.23M2.06M
Net Debt6.81M8.62M10.19M13.42M17.14M19.25M8.19M-1.4M3.18M-1.11M
Debt / Equity2.77x------2.20x-0.61x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-1.01x-3.12x-2.06x-0.89x-0.37x-0.70x-8.08x-6.31x-7.20x-12.82x
Total Equity+2.58M-13.99M-15.2M-22.64M-25.11M-20.19M-2.83M4.59M-1.53M3.38M
Equity Growth %-0.66%-6.43%-0.09%-0.49%-0.11%0.2%0.86%2.62%-1.33%3.21%
Book Value per Share999999.00-999999.00-999999.00-977471.16-16328.09-111559.13-11856.093077.54-148.943.83
Total Shareholders' Equity2.58M-13.99M-15.2M-22.64M-25.11M-20.19M-2.83M4.59M-1.53M3.38M
Common Stock15.52K55.42K960.66K6.35K475.92K3684793.4K358145
Retained Earnings-345.08M-383.93M-402.5M-418.53M-423.4M-421.78M-427.78M-447.54M-482.48M-491.61M
Treasury Stock0000000000
Accumulated OCI0000000-16.02K8.94K4.92K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-22.1M-16.86M-12.6M-4.02M-2.72M-2.88M-9.4M-10.51M-9.54M-8.42M
Operating CF Margin %-3.38%-9.65%-19.62%-4.66%-4.25%-43.25%-15.47%-8.59%-20.81%-201.07%
Operating CF Growth %0.21%0.24%0.25%0.68%0.32%-0.06%-2.26%-0.12%0.09%0.12%
Net Income-45.8M-38.85M-18.56M-16.04M-4.87M1.62M-6M-19.75M-17.07M-9.13M
Depreciation & Amortization5.63M3.6M1.2M381.06K242.78K337.49K706.29K769.87K762.76K558.44K
Stock-Based Compensation856.81K888.35K123.27K29.27K20.75K005.48M2.24M1.01M
Deferred Taxes-9.15M6.44M-2.38M2.58M000000
Other Non-Cash Items26.28M6.76M5.44M5.93M105.08K-5.37M-2.74M2.64M5.32M690.4K
Working Capital Changes78.57K4.31M1.58M3.1M1.78M536.61K-1.38M358.27K-792.71K-1.55M
Change in Receivables711.7K1.32M569.63K-155.97K164.8K-5.4K-43.71K47.48K1.77K0
Change in Inventory-1.85M1.7M1.17M377.06K126.9K-539-57.74K-23.11K-124.76K29.05K
Change in Payables2.06M1.49M-592.4K994.42K-288.94K-321.58K-77.17K-47.01K-15.92K-129.8K
Cash from Investing+-195.92K-158.41K80.95K-2.45K827.49K254.44K-301.52K-265.47K-3.88M-421
Capital Expenditures-337.76K-241.18K-69.05K-16.45K-6.39K-156-280.32K-169.36K-3.86M-421
CapEx % of Revenue0.05%0.14%0.11%0.02%0.01%0%0.46%0.14%8.42%0.01%
Acquisitions----------
Investments----------
Other Investing-49.45K82.77K150K14K833.88K00-12.56K-19.58K0
Cash from Financing+19.31M16.82M12.48M3.95M1.87M2.8M15.5M16.29M2.96M10.55M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing9.25M974.65K-20K-11K-7.5K00-2.21M-1.09M-4.97M
Net Change in Cash----------
Free Cash Flow+-22.44M-17.1M-12.67M-4.03M-2.73M-2.88M-9.68M-10.69M-13.41M-8.42M
FCF Margin %-3.43%-9.78%-19.73%-4.68%-4.28%-43.25%-15.93%-8.74%-29.27%-201.08%
FCF Growth %0.22%0.24%0.26%0.68%0.32%-0.06%-2.36%-0.1%-0.26%0.37%
FCF per Share-999999.00-999999.00-999999.00-174123.88-1775.72-15918.73-40522.01-7173.48-1308.71-9.55
FCF Conversion (FCF/Net Income)0.48x0.43x0.68x0.25x0.56x-1.78x1.57x0.53x0.56x0.92x
Interest Paid00002.7K000293.84K0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-894.17%-------2255.19%-1116.07%-985.29%
Return on Invested Capital (ROIC)-195.74%-920.45%-----298.71%-299.58%-485.25%-326.26%
Gross Margin-46.28%-234.44%-338.32%-17.79%23.12%-162.09%-213.01%-64.5%-312.94%-254.18%
Net Margin-700.59%-2223.4%-2890.18%-1859.49%-762.6%2428.12%-987.19%-1615.55%-3724.94%-21794.27%
Debt / Equity2.77x------2.20x-0.61x
Interest Coverage-1.01x-3.12x-2.06x-0.89x-0.37x-0.70x-8.08x-6.31x-7.20x-12.82x
FCF Conversion0.48x0.43x0.68x0.25x0.56x-1.78x1.57x0.53x0.56x0.92x
Revenue Growth22.52%-73.27%-63.25%34.29%-25.98%-89.57%812.41%101.19%-62.52%-90.86%

Revenue by Segment

2018201920202021202220232024
Product813.51K638.38K66.61K607.78K694.29K397.89K41.89K
Product Growth--21.53%-89.57%812.41%14.23%-42.69%-89.47%
Milestone Arrangement----528.5K60.37K-
Milestone Arrangement Growth------88.58%-
Government Research And Development48.9K------
Government Research And Development Growth-------

Frequently Asked Questions

Growth & Financials

Ascent Solar Technologies, Inc. Common Stock (ASTI) reported $0.1M in revenue for fiscal year 2024. This represents a 98% decrease from $3.9M in 2011.

Ascent Solar Technologies, Inc. Common Stock (ASTI) saw revenue decline by 90.9% over the past year.

Ascent Solar Technologies, Inc. Common Stock (ASTI) reported a net loss of $7.2M for fiscal year 2024.

Dividend & Returns

Ascent Solar Technologies, Inc. Common Stock (ASTI) has a return on equity (ROE) of -985.3%. Negative ROE indicates the company is unprofitable.

Ascent Solar Technologies, Inc. Common Stock (ASTI) had negative free cash flow of $6.7M in fiscal year 2024, likely due to heavy capital investments.

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