Every 10-Q that Ascent Solar Technologies, Inc. (ASTI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ASTI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASTI filings page.
Ascent Solar Technologies, Inc., a maker of flexible thin-film PV modules for aerospace and other weight‑sensitive markets, reported Q2 2026 revenue of $95,203, up from $16,961 a year earlier. First‑half 2026 revenue was $147,147, driven mainly by product sales and milestone engineering work.
The company recorded net losses of $1.83M for Q2 and $4.00M for the first half. Operating expenses of $2.04M in Q2, including R&D and SG&A, significantly exceeded revenue despite lower share‑based compensation. Cost of revenue rose with higher sales volumes, leaving operations deeply unprofitable.
Liquidity improved as cash and cash equivalents increased to $14.54M from $2.79M at December 31, 2025, supported by $15.76M of financing inflows, including a $10.0M January 2026 private placement of common stock and warrants and substantial warrant exercises. Working capital was $12.88M against total liabilities of $2.83M. However, management states that recurring losses, low revenues and expected negative cash flow create substantial doubt about the ability to continue as a going concern without additional capital or major cost reductions.
Ascent Solar Technologies, Inc. reported higher first-quarter 2026 revenue but a larger loss as it continues to build out its specialty solar business.
For the three months ended March 31, 2026, revenue rose to $51,944 from $15,624, driven mainly by increased product orders and milestone and engineering work. Operating expenses also grew, leading to a net loss of $2,177,162, compared with a loss of $1,674,296 a year earlier, and a basic and diluted loss per share of $0.27.
As of March 31, 2026, Ascent held $16.1 million in cash and cash equivalents, up sharply from December 31, 2025, largely due to a January 2026 private placement and warrant exercises that together brought in over $16 million of gross proceeds before costs. Working capital stood at $14.4 million, and total stockholders’ equity was $16.8 million.
Management states that current and projected revenues are not expected to generate positive cash flow for 2026 and that additional financing will be needed to reach profitability. Because of recurring losses, dependence on external financing, and uncertainty about securing new capital, the company concludes there is substantial doubt about its ability to continue as a going concern.
Ascent Solar Technologies (ASTI) reported a Q3 2025 net loss of $2,021,640 on product revenue of $28,549. Operating loss was $1,967,683, reflecting continued investment in R&D and limited sales volume.
For the nine months, revenue reached $61,134 with a net loss of $5,761,333. Cash and cash equivalents were $2,094,018 as of September 30, 2025, after using $5,097,082 in cash for operations year-to-date. Working capital was $504,071 as of September 30, 2025. Management states there is substantial doubt about the company’s ability to continue as a going concern.
To fund operations, ASTI closed a June 30, 2025 public offering for approximately $2.0 million gross and sold 1,022,434 shares via its ATM program at an average price of $2.53 per share during the nine months. All 493,000 pre-funded warrants from the offering were exercised. Shares outstanding were 3,479,149 as of November 10, 2025.
Ascent Solar Technologies, Inc. reported minimal product revenue and continued operating losses for the quarter and six months ended June 30, 2025. Product revenue was $16,961 for the quarter and $32,585 for the six months, while net loss was $2,065,397 for the quarter and $3,739,693 for the six months, or $2.33 per share for the six-month period. The company held $2,954,859 in cash and positive working capital of $1,385,596 at June 30, 2025, and generated $3,148,175 of net cash from financing activities during the six months, including a public offering and ATM sales. Management discloses substantial doubt about the company’s ability to continue as a going concern and states additional financing or committed purchase orders will be required to support operations.