Ascent Solar Tec Financials
This page shows Ascent Solar Tec (ASTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ascent Solar Tec has an operating margin of -20378.5%, meaning the company retains $-20378 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -3413.6% the prior year.
Ascent Solar Tec's revenue declined 90.9% year-over-year, from $458K to $42K. This contraction results in a growth score of 0/100.
Ascent Solar Tec carries a low D/E ratio of 1.11, meaning only $1.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.
Ascent Solar Tec's current ratio of 1.63 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
While Ascent Solar Tec generated -$8.4M in operating cash flow, capex of $421 consumed most of it, leaving -$8.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ascent Solar Tec passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Ascent Solar Tec generates $0.92 in operating cash flow (-$8.4M OCF vs -$9.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Ascent Solar Tec generated $42K in revenue in fiscal year 2024. This represents a decrease of 90.9% from the prior year.
Ascent Solar Tec's EBITDA was -$8.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 45.6% from the prior year.
Ascent Solar Tec generated -$8.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 37.1% from the prior year.
Ascent Solar Tec reported -$9.1M in net income in fiscal year 2024. This represents an increase of 46.5% from the prior year.
Ascent Solar Tec earned $-10.38 per diluted share (EPS) in fiscal year 2024. This represents an increase of 99.7% from the prior year.
Ascent Solar Tec held $3.2M in cash against $0 in long-term debt as of fiscal year 2024.
Ascent Solar Tec had 1M shares outstanding in fiscal year 2024. This represents an increase of 508.8% from the prior year.
Ascent Solar Tec's gross margin was -254.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 58.8 percentage points from the prior year.
Ascent Solar Tec's operating margin was -20378.5% in fiscal year 2024, reflecting core business profitability. This is down 16964.8 percentage points from the prior year.
Ascent Solar Tec's net profit margin was -21794.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 18069.3 percentage points from the prior year.
Ascent Solar Tec invested $2.3M in research and development in fiscal year 2024. This represents a decrease of 28.6% from the prior year.
Ascent Solar Tec invested $421 in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
ASTI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29K+68.3% | $17K+8.6% | $16K | $0-100.0% | $9K-69.2% | $28K+395.4% | $6K+101.4% | $3K |
| Cost of Revenue | $89K+211.1% | $29K+18.6% | $24K+3510.0% | $668-99.1% | $77K+24.8% | $62K+555.3% | $9K-86.9% | $72K |
| Gross Profit | -$60K-418.9% | -$12K-37.2% | -$8K-1171.1% | -$668+99.0% | -$68K-102.0% | -$34K-791.8% | -$4K+94.5% | -$69K |
| R&D Expenses | $621K-0.4% | $623K+11.5% | $559K-4.4% | $584K-3.2% | $604K+19.3% | $506K-16.7% | $607K+56.0% | $389K |
| SG&A Expenses | $1.0M-2.8% | $1.0M+8.6% | $951K+53.9% | $618K-49.2% | $1.2M-24.5% | $1.6M+52.0% | $1.1M-10.6% | $1.2M |
| Operating Income | -$2.0M+5.8% | -$2.1M-19.6% | -$1.7M-20.8% | -$1.4M+36.1% | -$2.3M+4.0% | -$2.4M+4.8% | -$2.5M+51.4% | -$5.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $463-97.9% | $22K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.0M+2.1% | -$2.1M-23.4% | -$1.7M-15.0% | -$1.5M+13.9% | -$1.7M+50.9% | -$3.4M-35.8% | -$2.5M+50.9% | -$5.2M |
| EPS (Diluted) | $-0.62+47.0% | $-1.17-3.5% | $-1.13-102.2% | $50.75+3804.4% | $-1.37+79.7% | $-6.76+87.2% | $-53.00 | $-2914.39 |
ASTI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.8M-15.1% | $6.8M+10.0% | $6.2M-13.6% | $7.1M-9.7% | $7.9M-22.1% | $10.2M+103.8% | $5.0M-20.9% | $6.3M |
| Current Assets | $2.7M-26.3% | $3.6M+26.1% | $2.9M-23.0% | $3.7M-14.0% | $4.3M-32.7% | $6.4M+626.9% | $883K-42.5% | $1.5M |
| Cash & Equivalents | $2.1M-29.1% | $3.0M+31.0% | $2.3M-28.9% | $3.2M-14.8% | $3.7M-35.7% | $5.8M+2985.8% | $187K-82.1% | $1.0M |
| Inventory | $442K-3.4% | $458K+1.8% | $450K-0.7% | $453K-1.0% | $458K-0.6% | $461K+2.7% | $449K+0.3% | $447K |
| Accounts Receivable | $0-100.0% | $13K | $0 | $0-100.0% | $4K-80.9% | $22K | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.1M-7.1% | $3.4M-6.6% | $3.6M-4.5% | $3.8M-66.5% | $11.2M+87.2% | $6.0M-20.3% | $7.5M-3.7% | $7.8M |
| Current Liabilities | $2.2M-3.1% | $2.2M-3.1% | $2.3M+0.5% | $2.3M-22.8% | $3.0M-30.0% | $4.2M-24.7% | $5.6M-2.7% | $5.8M |
| Long-Term Debt | $5.8M-1.3% | $5.9M-1.3% | $6.0M+1.8% | $5.9M | $0-100.0% | $4.8M-1.9% | $4.9M-3.5% | $5.1M |
| Total Equity | $2.7M-22.8% | $3.4M+33.2% | $2.6M-23.7% | $3.4M+201.6% | -$3.3M-180.1% | $4.2M+262.8% | -$2.6M-67.0% | -$1.5M |
| Retained Earnings | -$497.4M-0.4% | -$495.3M-0.4% | -$493.3M-0.3% | -$491.6M-0.3% | -$490.2M-0.3% | -$488.5M-0.7% | -$485.0M-0.5% | -$482.5M |
ASTI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M+4.2% | -$1.8M-16.9% | -$1.6M-1.5% | -$1.5M+25.6% | -$2.1M+43.8% | -$3.6M-204.6% | -$1.2M+45.7% | -$2.2M |
| Capital Expenditures | $30K+1351.8% | $2K+320.7% | $483 | $0+100.0% | -$151K-159.3% | $254K-35.6% | $394K+2899.5% | $13K |
| Free Cash Flow | -$1.8M+2.7% | -$1.8M-17.0% | -$1.6M-1.6% | -$1.5M+70.4% | -$5.2M+0.1% | -$5.2M+6.7% | -$5.5M-148.8% | -$2.2M |
| Investing Cash Flow | -$105K-5042.7% | -$2K-320.7% | -$483 | $0+100.0% | -$7K-100.8% | $836K | $0+100.0% | -$13K |
| Financing Cash Flow | $979K-61.0% | $2.5M+295.3% | $636K-34.9% | $976K+7969.7% | -$12K-100.1% | $9.2M+2646.9% | $337K-67.0% | $1.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASTI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -211.7%-143.0pp | -68.7%-14.3pp | -54.4%+1873.2pp | -1927.6%-1129.4pp | -798.2%-676.4pp | -121.8%-54.1pp | -67.6%+2405.2pp | -2472.8% |
| Operating Margin | -6892.3%+5424.5pp | -12316.8%-1138.9pp | -11177.9%-3489.1pp | -7688.8%+18754.4pp | -26443.2%-17952.5pp | -8490.7%+35715.3pp | -44206.0%+138834.4pp | -183040.3% |
| Net Margin | -7081.3%+5096.0pp | -12177.3%-1461.2pp | -10716.2%+17912.9pp | -28629.1%-8852.9pp | -19776.2%-7355.7pp | -12420.5%+32896.3pp | -45316.8%+140431.4pp | -185748.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -35.0%-4.6pp | -30.4%-3.3pp | -27.1%-6.8pp | -20.4%+1.0pp | -21.4%+12.6pp | -33.9%+17.0pp | -50.9%+31.1pp | -82.0% |
| Current Ratio | 1.23-0.4 | 1.62+0.4 | 1.25-0.4 | 1.63+0.2 | 1.46-0.1 | 1.52+1.4 | 0.16-0.1 | 0.27 |
| Debt-to-Equity | 1.18+0.2 | 0.98-0.4 | 1.40+0.3 | 1.11+4.5 | -3.38-4.8 | 1.45+4.4 | -2.95+2.2 | -5.13 |
| FCF Margin | -6182.5%+4510.0pp | -10692.4%-768.5pp | -9923.9%-8458.8pp | -1465.1%+409.0pp | -1874.1%+416.0pp | -2290.1%+61.3pp | -2351.4%+77527.0pp | -79878.4% |
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Frequently Asked Questions
What is Ascent Solar Tec's annual revenue?
Ascent Solar Tec (ASTI) reported $42K in total revenue for fiscal year 2024. This represents a -90.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ascent Solar Tec's revenue growing?
Ascent Solar Tec (ASTI) revenue declined by 90.9% year-over-year, from $458K to $42K in fiscal year 2024.
Is Ascent Solar Tec profitable?
No, Ascent Solar Tec (ASTI) reported a net income of -$9.1M in fiscal year 2024, with a net profit margin of -21794.3%.
What is Ascent Solar Tec's earnings per share (EPS)?
Ascent Solar Tec (ASTI) reported diluted earnings per share of $-10.38 for fiscal year 2024. This represents a 99.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ascent Solar Tec's EBITDA?
Ascent Solar Tec (ASTI) had EBITDA of -$8.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ascent Solar Tec's gross margin?
Ascent Solar Tec (ASTI) had a gross margin of -254.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ascent Solar Tec's operating margin?
Ascent Solar Tec (ASTI) had an operating margin of -20378.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ascent Solar Tec's net profit margin?
Ascent Solar Tec (ASTI) had a net profit margin of -21794.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ascent Solar Tec's free cash flow?
Ascent Solar Tec (ASTI) generated -$8.4M in free cash flow during fiscal year 2024. This represents a 37.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ascent Solar Tec's operating cash flow?
Ascent Solar Tec (ASTI) generated -$8.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ascent Solar Tec's total assets?
Ascent Solar Tec (ASTI) had $7.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ascent Solar Tec's capital expenditures?
Ascent Solar Tec (ASTI) invested $421 in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ascent Solar Tec spend on research and development?
Ascent Solar Tec (ASTI) invested $2.3M in research and development during fiscal year 2024.
How many shares does Ascent Solar Tec have outstanding?
Ascent Solar Tec (ASTI) had 1M shares outstanding as of fiscal year 2024.
What is Ascent Solar Tec's current ratio?
Ascent Solar Tec (ASTI) had a current ratio of 1.63 as of fiscal year 2024, which is generally considered healthy.
What is Ascent Solar Tec's debt-to-equity ratio?
Ascent Solar Tec (ASTI) had a debt-to-equity ratio of 1.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ascent Solar Tec's return on assets (ROA)?
Ascent Solar Tec (ASTI) had a return on assets of -127.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ascent Solar Tec's cash runway?
Based on fiscal year 2024 data, Ascent Solar Tec (ASTI) had $3.2M in cash against an annual operating cash burn of $8.4M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ascent Solar Tec's Piotroski F-Score?
Ascent Solar Tec (ASTI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ascent Solar Tec's earnings high quality?
Ascent Solar Tec (ASTI) has an earnings quality ratio of 0.92x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Ascent Solar Tec?
Ascent Solar Tec (ASTI) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.