Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility are located in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.
Company profile
Ticker
ASTI
Exchange
Website
CEO
Kong Hian Lee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
203672603
ASTI stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
10 Mar 23
8-K
Proposed Asset Acquisition Term Sheet
7 Mar 23
RW
Registration withdrawal request
7 Feb 23
DEF 14C
Information statement
3 Jan 23
8-K
Departure of Directors or Certain Officers
29 Dec 22
D
$2.50 mm in equity / debt / options / securities to be acquired, sold $2.50 mm, 2 investors
23 Dec 22
PRE 14C
Preliminary information
23 Dec 22
8-K
Ascent Solar Technologies Secures $50m Equity-based Financing
20 Dec 22
424B5
Prospectus supplement for primary offering
19 Dec 22
8-K
Entry into a Material Definitive Agreement
12 Dec 22
Latest ownership filings
SC 13G/A
Lucro Investments VCC - ESG Opportunities Fund
14 Feb 23
SC 13D/A
BD1 Investment Holding, LLC
6 Feb 23
4
Ute Kuhn
3 Feb 23
4
Paul P. Warley
12 Dec 22
3
Paul P. Warley
12 Dec 22
4
Jeffrey Max
27 Sep 22
3
Michael J. French
27 Sep 22
3
Jeffrey Max
27 Sep 22
3
Felix T. Mantke
26 Sep 22
3
Reynolds T. Forrest
26 Sep 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 11.48 mm | 11.48 mm | 11.48 mm | 11.48 mm | 11.48 mm | 11.48 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 1.64 mm | 1.42 mm | 860.26 k | 875.55 k |
| Cash used (since last report) | n/a | n/a | 4.37 mm | 3.79 mm | 2.30 mm | 2.34 mm |
| Cash remaining | n/a | n/a | 7.11 mm | 7.69 mm | 9.19 mm | 9.15 mm |
| Runway (months of cash) | n/a | n/a | 4.3 | 5.4 | 10.7 | 10.4 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 26 |
| Opened positions | 10 |
| Closed positions | 2 |
| Increased positions | 1 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 2.41 bn |
| Total shares | 179.67 bn |
| Total puts | 30.20 k |
| Total calls | 16.30 k |
| Total put/call ratio | 1.9 |
| Largest owners | Shares | Value |
|---|---|---|
| BD1 Investment Holding | 99.67 bn | $1.64 bn |
| Crowdex Investment | 55.00 bn | $55.00 mm |
| TubeSolar | 25.00 bn | $185.00 mm |
| Lucro Investments VCC - ESG Opportunities Fund | 2.12 mm | $0.00 |
| Merit Financial | 249.95 k | $407.42 mm |
| Geode Capital Management | 49.61 k | $80.00 k |
| Charles Schwab Investment Management | 28.66 k | $46.71 mm |
| Citadel Advisors | 25.95 k | $42.29 mm |
| STT State Street | 13.20 k | $21.52 mm |
| MS Morgan Stanley | 3.31 k | $5.40 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Feb 23 | BD1 Investment Holding | Common Stock | Sell | Dispose S | No | No | 0 | 500,000 | 0.00 | 15,433,334 |
| 12 Dec 22 | Paul P. Warley | Common Stock | Grant | Acquire A | No | No | 0 | 700,000 | 0.00 | 700,000 |
| 21 Sep 22 | Jeffrey Max | Common Stock | Grant | Acquire A | No | No | 0 | 3,534,591 | 0.00 | 3,534,591 |
News
12 Information Technology Stocks Moving In Friday's Pre-Market Session
17 Mar 23
12 Information Technology Stocks Moving In Wednesday's After-Market Session
15 Mar 23
Stocks That Hit 52-Week Lows On Friday
10 Mar 23
12 Information Technology Stocks Moving In Thursday's After-Market Session
2 Mar 23
Stocks That Hit 52-Week Lows On Wednesday
1 Mar 23
Press releases
Ascent Solar Technologies to Participate in the Industrial Tech Virtual Conference Presented by Maxim Group LLC and Hosted by M-Vest on Tuesday, March 21, 2023
16 Mar 23
Ascent Solar Technologies, Inc. Announces Full Year 2022 Financial Results
10 Mar 23
Ascent Solar Technologies, Inc. Announces First Step of Strategic Plan; Executes Term Sheet for Acquisition of Assets From Leading European Thin-Film Solar Manufacturer
7 Mar 23