What are the investment risks for Ascent Solar Technologies Inc (ASTI)?

Operating loss 7.2M TTM is 118x revenue - company loses $118 for every $1 sold. No viable business model evident. Zero accounts receivable with 61K revenue signals no real commercial traction. Speculative technology play with imminent funding crisis.

Ascent Solar Technologies Inc

ASTI

—

Build a strategy around ASTI

Ascent Solar Technologies Inc AI Insights

Informational only. Not investment advice.

As of 2025-12-17

Snapshot

Burning 6.7M FCF TTM against 2.1M cash - ~4 months runway without dilution. Issued 1M in new stock already.[Free Cash Flow TTM]
Gross margin -133% TTM (cost 142K vs revenue 61K) - selling product at massive loss, no path to unit economics visible.[Gross Margin TTM]
R&D spend 2.4M is 39x revenue (61K TTM) - pre-commercial stage despite being public. P/S of 164x vs median 3x.[P/S Ratio]

Watch Triggers

Cash and Equivalents: Falls below 1M or new equity filing — At current burn, triggers survival-mode financing within 2-3 months
Total Revenue TTM: Exceeds 500K quarterly — Would signal first real commercial traction - currently negligible
Gross Margin TTM: Turns positive — Currently -133%; positive margin is minimum viability threshold

Bull Case

Thin-film solar tech has niche aerospace/defense applications. 442K inventory and 1.7M PPE suggest manufacturing capability exists if demand materializes.

InventoryPPE

Debt/equity 0.61 is manageable; tangible book 2.6M provides some liquidation floor vs 10M market cap.

Debt to EquityTangible Book Value

Bear Case

Operating loss 7.2M TTM is 118x revenue - company loses $118 for every $1 sold. No viable business model evident.

Operating Margin TTMOperating Income TTM

Zero accounts receivable with 61K revenue signals no real commercial traction. Speculative technology play with imminent funding crisis.

Accounts ReceivableTotal Revenue TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

15%

Leverage ASTI's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.

Take Me to The Editor

Forward Thesis

Dilution or bankruptcy within 12 months absent major contract or capital raise

3-12mhigh

Cash burn rate of 6.6M/yr vs 2.1M cash
No accounts receivable suggests no customer pipeline
Already tapped equity markets (1M issuance)

FCF -6.7M TTM, Cash 2.1MA/R is 0, Revenue only 61K TTMStock issuance 1M in period

Valuation Context

Caveats

Public Strategies Rankings

See how Ascent Solar Technologies Inc ranks across different investment strategies.

Leverage ASTI's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.

ASTI Fundamentals

Manufacturing → Computer and Electronic Product Manufacturing

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$0		—
Enterprise Value	$0		—
P/E Ratio	0.00		—
Total Revenue - TTM	$76,773	+83.3%	—
Earnings Per Share (diluted) - TTM	$0.00		—
Operating Margin - TTM	-10,257%	+8869.8%	—
Net Margin - TTM	-10,202%	+11591.8%	—
Free Cash Flow - TTM	$-6.94M		—
Return on Common Equity - TTM	-233%		—
Beta 5Y (Monthly)	unknown		—

ASTI Dividend History

No dividends

ASTI Stock Splits

6 stock splits

08/15/24100:1 split

09/12/23200:1 split

01/31/225000:1 split

07/23/181000:1 split

06/02/1620:1 split

08/27/1410:1 split

ASTI SEC Filings

Filing Date	Report Date	Report Type	Filing Link
03/20/26	12/31/25	10-K	0001193125-26-117839
11/10/25	09/30/25	10-Q	0001193125-25-274376
08/12/25	06/30/25	10-Q	0001193125-25-179058
05/14/25	03/31/25	10-Q	0000950170-25-071487
03/31/25	12/31/24	Unknown	0000950170-25-047692
11/14/24	09/30/24	10-Q	0000950170-24-127076
08/06/24	06/30/24	10-Q	0000950170-24-091911
05/09/24	03/31/24	10-Q	0000950170-24-056951
02/21/24	12/31/23	10-K	0000950170-24-017977
11/14/23	09/30/23	10-Q	0000950170-23-063715
08/09/23	06/30/23	10-Q	0000950170-23-040015
05/15/23	03/31/23	10-Q	0000950170-23-022273
03/10/23	12/31/22	10-K	0000950170-23-007284
11/10/22	09/30/22	10-Q	0001564590-22-037407
08/12/22	06/30/22	10-Q	0001564590-22-029327
05/12/22	03/31/22	10-Q	0001564590-22-019731
03/14/22	12/31/21	10-K	0001564590-22-010099
11/10/21	09/30/21	10-Q	0001564590-21-055853
08/09/21	06/30/21	10-Q	0001564590-21-042272
05/24/21	03/31/21	10-Q	0001564590-21-029485
05/14/21	12/31/20	10-K	0001564590-21-027744
04/09/21	09/30/20	10-Q	0001564590-21-018307
03/18/21	06/30/20	10-Q	0001564590-21-014079
03/05/21	03/31/20	10-Q	0001564590-21-011219
01/29/21	12/31/19	10-K	0001564590-21-003381
12/09/19	09/30/19	10-Q	0001350102-19-000069
08/19/19	06/30/19	10-Q	0001350102-19-000055
05/29/19	03/31/19	10-Q	0001350102-19-000047
04/16/19	12/31/18	10-K	0001350102-19-000030
11/19/18	09/30/18	10-Q	0001350102-18-000054
08/20/18	06/30/18	10-Q	0001350102-18-000032
05/11/18	03/31/18	10-Q	0001350102-18-000016
03/29/18	12/31/17	10-K	0001350102-18-000006
11/13/17	09/30/17	10-Q	0001350102-17-000084
08/14/17	06/30/17	10-Q	0001350102-17-000073
05/22/17	03/31/17	10-Q	0001350102-17-000063
04/17/17	12/31/16	10-K	0001350102-17-000041
11/15/16	09/30/16	10-Q	0001350102-16-000201
08/15/16	06/30/16	10-Q	0001350102-16-000180
05/12/16	03/31/16	10-Q	0001350102-16-000156
03/11/16	12/31/15	10-K	0001350102-16-000140
11/13/15	09/30/15	10-Q	0001350102-15-000097
08/14/15	06/30/15	10-Q	0001350102-15-000073
05/15/15	03/31/15	10-Q	0001350102-15-000044
03/18/15	12/31/14	10-K	0001350102-15-000015
11/12/14	09/30/14	10-Q	0001350102-14-000075
08/13/14	06/30/14	10-Q	0001350102-14-000055
05/07/14	03/31/14	10-Q	0001350102-14-000041
03/28/14	12/31/13	10-K	0001350102-14-000021
11/07/13	09/30/13	10-Q	0001350102-13-000080
08/08/13	06/30/13	10-Q	0001350102-13-000041
05/09/13	03/31/13	10-Q	0001350102-13-000015
03/14/13	12/31/12	10-K	0001350102-13-000006
11/08/12	09/30/12	10-Q	0001350102-12-000070
08/10/12	06/30/12	10-Q	0001350102-12-000064
05/10/12	03/31/12	10-Q	0001350102-12-000051
03/22/12	12/31/11	10-K	0001350102-12-000032
11/10/11	09/30/11	10-Q	0001350102-11-000017
08/15/11	06/30/11	10-Q	0001193125-11-223135
04/28/11	03/31/11	10-Q	0001193125-11-115094
02/28/11	12/31/10	10-K	0001193125-11-049878
11/02/10	09/30/10	10-Q	0001193125-10-244333
08/05/10	06/30/10	10-Q	0001193125-10-179385
05/06/10	03/31/10	10-Q	0001193125-10-110974
03/16/10	12/31/09	10-K	0001193125-10-058347
11/05/09	09/30/09	10-Q	0001193125-09-225651
08/07/09	06/30/09	10-Q	0001193125-09-169066
05/07/09	03/30/09	10-Q	0001104659-09-030554
03/12/09	12/31/08	4	0001179110-09-000354
11/10/08	09/30/08	4	0001179110-08-017442
08/08/08	06/30/08	10-Q	0001104659-08-051350
04/29/08	03/30/08	Unknown	--
03/14/08	12/31/07	10-K	0001047469-08-002820
09/30/07	09/30/07	10QSB	0001104659-07-082564
06/30/07	06/30/07	10QSB	0001104659-07-057262
03/31/07	03/30/07	Unknown	--
12/31/06	12/31/06	4	0001179110-07-000124
09/30/06	09/30/06	10QSB	0001104659-06-068293
06/30/06	06/30/06	10QSB	0001104659-06-054677
03/31/06	03/30/06	Unknown	--