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Ascent Solar Technologies Inc

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Ascent Solar Technologies (NASDAQ: ASTI) is a thin-film photovoltaic company that manufactures flexible, lightweight solar modules using proprietary copper indium gallium selenide (CIGS) technology applied to a plastic substrate. Revenue is generated through product sales of PV modules targeting specialty, high-value-added markets including aerospace, power beaming, agrivoltaics, defense, transportation, and off-grid portable power. The company operates from a facility at 12300 Grant Street in Thornton, Colorado, and positions its products on the basis of the highest power-to-weight ratio among at-scale commercially available solar modules. ASTI competes against other thin-film solar technologies, including amorphous silicon (a-Si) and cadmium telluride (CdTe) products, as well as gallium arsenide-based modules. The company describes its strategic alliances as early-stage and has not disclosed material customer concentration or segment revenue figures in its FY2025 10-K filing. Paul Warley serves as President and Chief Executive Officer, and Jin Jo serves as Chief Financial Officer, as of the filing dated March 20, 2026.

Products & Services

Flexible, lightweight CIGS thin-film photovoltaic modules on plastic substrate; customizable shapes and sizes for specialty applications; renewable power solutions for off-grid, portable power, transportation, defense, space, near-space, and agrivoltaic markets.

Revenue Model

Transactional product sales of CIGS thin-film PV modules to customers in specialty end markets including aerospace, power beaming, defense, agrivoltaics, and off-grid portable power applications.

Customers & Markets

Aerospace, power beaming, space and near-space, agrivoltaics, defense, transportation, and off-grid portable power markets. Specific customer names and revenue concentration figures are not disclosed in the FY2025 10-K filing.

Geographic Exposure

Primary operations in Thornton, Colorado. No geographic revenue breakdown disclosed in the filing excerpts.

Financial Snapshot

Revenue
TTM
$113.1K
Gross Margin
TTM
-141.69%
Net Income
TTM
-$8.402M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
698.53%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
16.75M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$7.406M

Stock Price

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Market Cap: $28.566 Million

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