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Gross shipments for the period were $1.1 million, but net revenue booked for the same period was limited to $453,000,
November 17, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ascent Solar Technologies, Inc. reported results for the third quarter ended Sept. 30, 2016. Total net revenue booked for the third quarter of 2016 was $453,000, a recovery of approximately 78% from second quarter 2016. Gross shipments for the period were about $1.1 million but net revenue booked for the same period was limited to $453,000. This was due to a substantial deferment in revenue recognition — in compliance with the US GAAP accounting rules — as a result of a contr...
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