Flexible Electronics News

Ascent Solar Announces 2Q 2016 Financial Results

Total revenue for 1H 2016 was $966,000, compared to $2.89 million reported for 1H 2015.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. reported results for the second quarter ended June 30, 2016.   Total net revenue for the second quarter of 2016 was $255,000, compared to $2.23 million reported for the same period last year, a decline of $1.98 million. Correspondingly, total operating costs and expenses for the three months ended June 30, 2016 decreased by $1.77 million as compared to the three months ended June 30, 2015. As a result, net operating loss for the second quarter of 2016 totaled $7...

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