Flexible Electronics News

Ascent Solar Announces FY2016 Results

Company posted net revenue of $1.75 million in 2016, a decline of approximately 73.2% from 2015.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. reported results for the full year ended Dec. 31, 2016. The company posted net revenue of $1.75 million in 2016, a decline of approximately 73.2% from $6.54 million in 2015.   Loss from operations in 2016, however, improved by $3.1 million, or 11.2% from -$27.7 million in 2015 to -$24.6 million. Ascent Solar attributes this to a substantial reduction in SG&A expenses of 16.9% from $12.4 million in 2015 to $10.3 million in 2016, lower depreciation and amortiz...

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