📊 ASTI Key Takeaways
Is Ascent Solar Technologies, Inc. (ASTI) a Good Investment?
Ascent Solar is a pre-commercial stage company with virtually no revenue ($51.9K) but massive operating losses ($2.3M), creating an unsustainable burn rate of ~43x revenue. Despite adequate cash runway (~8 quarters), the company faces critical execution risk in achieving commercial viability, with negative cash flows, zero capex spending, and no evidence of insider confidence. The fundamental business model remains unproven in a capital-intensive semiconductor sector.
Ascent Solar Technologies shows extremely weak fundamentals, with revenue down 90.9% year over year, deeply negative operating and net margins, and ongoing cash burn that far exceeds its tiny revenue base. The balance sheet remains fragile despite positive equity, as debt is high relative to equity, interest coverage is negative, and cash of $2.09M provides limited cushion against continued operating losses and negative free cash flow.
Ascent Solar Technologies, Inc. Key Strengths (ASTI)
- Strong liquidity position with $16.1M cash and 6.99x current ratio provides operational runway
- Reasonable leverage with Debt/Equity ratio of 0.38x and manageable long-term debt of $6.4M
- Revenue growth of 83.3% YoY demonstrates some early traction (though from negligible base)
- Current ratio of 1.23x and quick ratio of 1.03x indicate near-term liquidity is still above 1x
- Stockholders' equity remains positive at $2.65M, avoiding a fully impaired balance sheet for now
- Capital expenditure is low, which limits additional cash drain from heavy investment needs
ASTI Stock Risks: Ascent Solar Technologies, Inc. Investment Risks
- Operating losses of $2.3M against revenue of only $51.9K indicates fundamentally unproven business model and unsustainable cost structure
- Negative operating cash flow of $2.0M with zero capex spending suggests inability to generate revenue at scale or invest in growth
- Estimated 8-quarter cash runway at current burn rate with no evidence of profitability inflection or margin improvement path
- Zero insider Form 4 filings in 90 days indicates lack of management confidence in current trajectory
- Revenue base is extremely small at $61.13K and declined 90.9% year over year, raising major questions about commercial viability
- Profitability is severely negative, with operating margin of -9492.5% and net margin of -9424.1%
- Free cash flow of -$5.13M versus only $2.09M in cash suggests elevated financing and going-concern risk if losses persist
Key Metrics to Watch
- Quarterly revenue and path to commercialization of solar semiconductor products
- Operating cash flow trend and monthly cash burn rate relative to remaining capital
- Gross margin and cost structure optimization as revenue scales
- Quarterly revenue growth and evidence of sustainable customer demand
- Cash burn relative to cash balance, including operating cash flow and debt funding needs
Ascent Solar Technologies, Inc. (ASTI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 6.99x current ratio provides a solid financial cushion.
ASTI Profit Margin, ROE & Profitability Analysis
ASTI vs Technology Sector: How Ascent Solar Technologies, Inc. Compares
How Ascent Solar Technologies, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Ascent Solar Technologies, Inc. Stock Overvalued? ASTI Valuation Analysis 2026
Based on fundamental analysis, Ascent Solar Technologies, Inc. shows some fundamental concerns relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Ascent Solar Technologies, Inc. Balance Sheet: ASTI Debt, Cash & Liquidity
ASTI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Ascent Solar Technologies, Inc.'s revenue has declined by 87% over the 5-year period, indicating business contraction. The most recent EPS of $-10.38 indicates the company is currently unprofitable.
ASTI Revenue Growth, EPS Growth & YoY Performance
ASTI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $15.6K | -$1.7M | $-0.27 |
| Q3 2025 | $8.6K | -$1.7M | $-0.62 |
| Q2 2025 | $17.0K | -$1.7M | $-1.17 |
| Q1 2025 | $5.6K | -$1.7M | $-1.13 |
| Q3 2024 | $8.6K | -$1.7M | $-1.37 |
| Q1 2024 | $5.6K | -$2.5M | $-0.53 |
| Q3 2023 | $6.3K | -$1.9M | $-4.04 |
| Q2 2023 | $27.7K | -$2.3M | $-0.07 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Ascent Solar Technologies, Inc. Dividends, Buybacks & Capital Allocation
ASTI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Ascent Solar Technologies, Inc. (CIK: 0001350102)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ASTI
What is the AI rating for ASTI?
Ascent Solar Technologies, Inc. (ASTI) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ASTI's key strengths?
Claude: Strong liquidity position with $16.1M cash and 6.99x current ratio provides operational runway. Reasonable leverage with Debt/Equity ratio of 0.38x and manageable long-term debt of $6.4M. ChatGPT: Current ratio of 1.23x and quick ratio of 1.03x indicate near-term liquidity is still above 1x. Stockholders' equity remains positive at $2.65M, avoiding a fully impaired balance sheet for now.
What are the risks of investing in ASTI?
Claude: Operating losses of $2.3M against revenue of only $51.9K indicates fundamentally unproven business model and unsustainable cost structure. Negative operating cash flow of $2.0M with zero capex spending suggests inability to generate revenue at scale or invest in growth. ChatGPT: Revenue base is extremely small at $61.13K and declined 90.9% year over year, raising major questions about commercial viability. Profitability is severely negative, with operating margin of -9492.5% and net margin of -9424.1%.
What is ASTI's revenue and growth?
Ascent Solar Technologies, Inc. reported revenue of $51.9K.
Does ASTI pay dividends?
Ascent Solar Technologies, Inc. does not currently pay dividends.
Where can I find ASTI SEC filings?
Official SEC filings for Ascent Solar Technologies, Inc. (CIK: 0001350102) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ASTI's EPS?
Ascent Solar Technologies, Inc. has a diluted EPS of $-0.27.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is ASTI's fundamental grade?
Based on our AI fundamental analysis in June 2026, Ascent Solar Technologies, Inc. has a D grade with 94% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is ASTI stock overvalued or undervalued?
Valuation metrics for ASTI: ROE of -13.0% (sector avg: 22%), net margin of -4,191.4% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is ASTI's AI grade for 2026?
Our dual AI analysis gives Ascent Solar Technologies, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ASTI's free cash flow?
Ascent Solar Technologies, Inc.'s operating cash flow is $-2.0M, with capital expenditures of $0.0. FCF margin is -3,889.3%.
How does ASTI compare to other Technology stocks?
Vs Technology sector averages: Net margin -4,191.4% (avg: 18%), ROE -13.0% (avg: 22%), current ratio 6.99 (avg: 2.5).